Construction of World’s Longest Subsea Electricity Cable Complete
Construction of the world’s longest subsea electricity cable connecting 720km between the UK and Norway has been completed and is set for testing this week, reported FT on Tuesday 15 June.. This interconnector project is a joint venture between the UK’s National Grid and Norway’s Statnett. The cable can carry as much as 1.4GW of […]
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Three New Factories Worth US$15 million Approved for Kandal, Takeo & Phnom Penh
The Council for the Development of Cambodia (CDC) recently approved private firms to invest in building three factories, worth approximately US$15 million in Kandal, Takeo, and Phnom Penh. The first investment permit has been granted to J.A.K Garment Co., Ltd to invest US$2.4 million in building a garment factory in Kampong Pring Village, Sangkat Sitbo, […]
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Three New Eco-Tourism Destinations Proposed for Koh Kong Province
Private firms have proposed to invest in three ecotourism sites on 30 hectares in Khemara Phoumin city and Mondul Seima districts in Koh Kong province. Koh Kong Deputy Provincial Governor Ouk Pheaktra said during a site inspection on Monday 14 June that the three proposals are currently being reviewed and studied. “We must study carefully […]
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Apsara Oil Driller KrisEnergy’s Wind-up Petition Hearing Set for July
KrisEnergy has announced that its wind-up petition hearing will be held on 12 July; meanwhile, the operation of its subsidiary KrisEnergy (Cambodia) is temporarily paused. The hearing date was set after Singapore-based parent companyKrisEnergy filed a winding-up petition to the Grand Court of the Cayman Islands, requesting liquidation due to its inability to pay debt. […]
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Japan to Provide US$10 billion in Decarbonisation Support for ASEAN Nations
Japan is preparing to launch a US$10 billion initiative aimed at helping ASEAN countries reduce greenhouse gas emission, reported Nikkei Asia. Through this initiative, Japan will help draw a road map and set up a public and private investment and loan facilities, where all funding will be invested and lent through the Japanese government-affiliated Japan […]
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Section of NR48 in Pak Klang Commune, Koh Kong Province Closed for Renovation
The left side of the NR48 in Neang Kok village, Pak Klang commune, Mondul Seima district, Koh Kong province will be temporarily closed for repairs, while traffic will be diverted to the right side from Monday 14 June onwards. The closure was announced after the road was severely damaged by floods and landslides. Due to […]
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G7 Countries to Counter China’s BRI with US$40-trillion Build Back Better World Initiative
The United States and other members of the G7 have revealed their plan to counter China’s BRI by offering developing countries transparent infrastructure plans otherwise known as the US$40-trillion Build Back Better World (B3W) initiative, reported Reuters. The 7 nations discussed this matter during their meeting in England last week, where one agenda item was […]
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Draft Sub-Decree to Tackle Public Infrastructure Encroachment Takes Another Step Forward
The Ministry of Public Works and Transport (MPWT) has held another meeting to update and speed up progress on the draft sub-decree on land management along public roads and railways, showing another step forward to the end of public infrastructure encroachment. The meeting was held last week and chaired by Secretary of State of MPWT […]
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Evolutions of Retail Sector as Cambodia is increasingly digitally connected
Cambodia has reached over 20 million mobile phone subscribers by the Year 2020, most of which used smartphones. As Cambodia’s digital infrastructure continues to improve, this will release the untapped potentials in the ‘mobile internet-users market. The growing number of mobile phone subscribers using smartphones can eventually be translated directly into the markets of advertising […]
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Third Bakheng Water Treatment Plant Proposed
ambodia has requested France to consider investing or providing financial support for building a third Bakheng water treatment plant in response to the growing clean water demand in Phnom Penh. The proposal was made during a meeting between the Minister of Industry, Science, Technology and Innovation (MISTI) HE Cham Prasidh, and French Ambassador to Cambodia […]
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Inter-Ministerial Committee Established to Accelerate Sihanoukville Multi-Purpose SEZ Plan
The Cambodian government has issued a sub-decree establishing a new inter-ministerial committee, with the designated tasks of creating policies and land management plans to develop Sihanoukville into a multi-purpose special economic zone as soon as possible. According to Sub-Decree No. 82 issued on 09 June 2021, the committee has a total of 25 members, with […]
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MPWT Intends to Promote Green Logistic Policy in Cambodia
The Ministry of Public Works and Transport (MPWT) is committed to learning from the upcoming International Transport Forum (ITF) on how to effectively implement green policies, such as the usage of electric vehicles, in Cambodia. MPWT Minister HE Sun Chanthol made the declaration during a meeting with the Secretary-General of the International Transport Forum (ITF) […]
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