Gov’t Approves Proposed New Public Beach Resort Development in Kep
The Cambodian government has officially approved a project to transform a 2.7-kilometre-long section of muddy beach from the Crab Market to a mangrove forest zone in Phum Thmey village in Kep province into a public beach resort. The approval was revealed in a press release by the National Committee for Coastal Management and Development (NCCMD) […]
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Two Factories Worth Over US$5 million Approved for Kandal & Takeo
The Council for the Development of Cambodia (CDC) approved two investment projects on Friday 13 August worth US$5.5 million for Kandal and Takeo provinces. The first investment permit has been granted to Collaboration Packaging Material Products Co., Ltd to invest US$4.1 million to build a bag and shoe accessories factory in Angk Snuol district in […]
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SHV Autonomous Port Posts 455% Net Income Increase in H1 2021
Sihanoukville Autonomous Port posted an H1 net profit increase of 455% y-o-y as it considers building additional infrastructure to meet the demand of service and economic growth. The port stated in its Second Quarterly Report issued on 12 August that the January-June net profit was 14,075 billion riels (approximately US$12.48 million), a year-on-year increase of […]
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MoE to Include Green Technologies in SHV Multipurpose SEZ Master Plan
The Ministry of Environment (MoE) is evaluating and exploring new technologies to be used in the Sihanoukville multipurpose SEZ master plan to promote green and effective development. The technology evaluation project was announced on Wednesday 11 August during an official meeting chaired by the Secretary-General of the National Council for Sustainable Development HE Van Monineath. […]
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Construction of Phnom Penh-Sihanoukville Expressway 64% Complete
Construction of the 190km Phnom Penh-Sihanoukville expressway was 64% complete by July 2021, according to the Ministry of Public Works and Transport (MPWT)’s spokesperson Heang Sotheayuth. He added that despite the fact that Cambodia is facing the COVID-19 pandemic crisis, the expressway construction process is not being affected. The project, on the other hand, might […]
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Gov’t Revokes Siem Reap’s Chong Kneas Tourism Port Investment Project Over Tax Dispute
The government has decided to cancel and revoke Siem Reap’s Chong Kneas tourism port investment project by Su Jing Investment Company for tax and regulation violations. According to a letter from the Office of the Council of Ministers to the Ministry of Economy and Finance released published on 29 July, the port is located in […]
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Land Prices in Southern PP Forecasted to Keep Rising; currently US$100- 2,000 per sqm
CBRE Cambodia has predicted that land prices in the southern part of Phnom Penh will continue to rise as prices can currently vary from US$100 to over US$2,000 per sqm. The international property agency added that land values in the area have begun to pick up pace since 2011 after the government announced the construction […]
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Chom Chao Overpass & Underpass Construction 75% complete
Construction of the US$22-million overpass and underpass in the Chom Chao area is 75% completed, as of early August. Saing Piseth, Director of Public Works and Transport Department of Phnom Penh said that some parts of the construction have been put into temporary use to ease traffic flow in the area, Raksmey Kampuchea daily reported […]
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Researcher Unveils New Finding Comparing Heat Resistance of Four Types of Roofing Tiles
Advertorial A professor at the Institute of Technology of Cambodia (ITC) and Chairman of the Technology and Energy Research Council Chan Sarin has recently unveiled a new finding comparing the heat-resistant capabilities of four types of roofing products. The four types of products tested include cement tiles, ceramic tiles, PU tile, and zinc tiles This […]
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Southern Phnom Penh a future country’s new economic corridor, says CBRE
CBRE Cambodia has forecasted that the southern districts of Phnom Penh and several neighboring districts of Kandal province will soon become the country’s new economic corridor, encompassing future residential, commercial, and industrial activity. According to its recent report, the Capital’s most southern districts namely Dangkao and Mean Chey, as well as Takhamo City, Kandal Steung […]
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MLMUPC Orders Construction Site Managers to Strengthen Safety Measures
The Ministry of Land Management, Urban Planning and Construction has ordered all construction site owners or managers to strengthen safety measures on their worksites regardless of the size. Even if the construction site is temporarily on hold or operating under a reduced number of workers, managers still have to practice full-scale safety measures to avoid […]
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IMF to Provide Non-Repayable US$240 million Pandemic Recovery Fund to Cambodia
The International Monetary Fund (IMF) has approved a non-repayable US$240 million fund for Cambodia to cope with the impact of COVID-19 and restore its economy, according to a press release from Oxfam. The Board of Governors of the IMF has approved a general allocation of the largest Special Drawing Rights (SDRs) in history equivalent to […]
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