PM Hun Sen Requests US to Convert 70% of debt to Aid, the Rest to Slowly Repay at Low Interest Rate
In a meeting with US Deputy Secretary of State Wendy R. Sherman yesterday, Cambodian Prime Minister Hun Sen requested the United States to reconsider debt repayment methods for Cambodia. The request includes allowing Cambodia to repay debt slowly and gradually with interest not exceeding 1%. Besides, PM Hun Sen also requested the United States to […]
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Repair & Pavement Work on Hun Sen Blvd. Set for Completion in June
Repair and pavement work on a section of Hun Sen Blvd. (60m road) from Street 271 to NR2 that was damaged by flooding is set for final completion in June. Speaking to Fresh News, Phnom Penh Governor HE Khuong Sreng said that despite COVID-19, Phnom Penh municipality has been actively repairing the flood-damaged roads since […]
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Construction of PP-SHV Expressway 60% Complete
Construction of the US$-2 billion expressway connecting Phnom Penh to Sihanoukville has been 60% completed as of late May, according to the Facebook of the Phnom Penh-Sihanoukville Expressway on 1 June. So far, the pavement work is already underway while the first flyover of the project has also started taking shape. The team has already […]
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UK Clothing and Footwear Retailer Targets Cambodia After Cancelling Orders from Myanmar
British multinational clothing, footwear and home products retailer Next plc has said it would swiftly cancel purchase orders from Myanmar and split them to other countries including Cambodia, as it joined other EU’s retailers suspending orders from Myanmar due to the military coup. Reuters reported recently that the Next has not placed any orders from […]
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New US$79-million Hotel & Commercial Centre Set for Pou Senchey District
The Council for the Development of Cambodia (CDC) has officially approved Continent Crown Investment Management Co., Ltd to invest US$79 million to build a 275-key 4-star hotel and commercial centre in Sangkat Kakab, Pou Senchey district in Phnom Penh. On the same day, CDC also approved Cambodian Gome Farm Food Co., Ltd to invest US$6.5 […]
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New Cambodia-Vietnam International Border in Preng Veng Temporarily Opens
The Cambodian government has temporarily opened the Meun Chey International Border connecting Cambodia’s Prey Veng province and Vietnam’s Tay Ninh province for inter-provincial usage, according to an announcement ceremony on 31 May. Prey Veng Governor Chea Somethy said that the opening of this border gate will help facilitate and promote the transit and exchange of […]
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MPWT to modernize transportation and public works system in line with government’s digital policy
The Ministry of Public Works and Transport (MPWT) has been gradually reforming and modernizing the transportation and public work system nationwide, aiming to achieve the government’s digital policy by 2030. This is according to the input gathering meeting for the draft digital policy 2021-2030 between the Ministry and other relevant officers on 28 May. MPWT’s […]
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Three New Factories Worth Nearly US$10 million Approved for Phnom Penh, Kandal, Kampong Speu
Sen Sok, Angk Snuol and Samraong Tong districts have attracted three new factory investment projects respectively approved by the Council for the Development of Cambodia (CDC) worth a total of US$9.6 million. The first investment is a garment factory located in Sen Sok in Phnom Penh worth US$4.5 million and an invested by Ruixue (Cambodia) […]
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Transport Ministry to Adapt AI technology into Traffic Control System on NR5 after Upgrade
The Ministry of Public Works and Transport (MPWT) is planning to utilise AI technology to manage a traffic system, especially to monitor overweight trucks along NR5 after the upgrade, according to the official meeting between MPWT and the private firm responsible for the NR5 renovation project on 28 May. The new technology is known as […]
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Construction of NR3 Almost 100% Complete
The National Road 3 (NR3) renovation project from Chom Chao roundabout to Kampot city has been 98.04% completed, with only a small amount of work remaining, according to the Ministry of Public Works and Transport (MPWT) recently. The construction team is currently speeding up work installing speed cameras, security cameras, and underground automatic weighing stations, […]
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Plan to build National Assembly’s new admin building takes another step forward
Plan to construct a new US$25-million Vietnamese-funded National Assembly’s administration building proposed since 2017 has taken another step forward, as the government is now reviewing the contract between construction contractors, according to the General Secretariat of the National Assembly’s meeting yesterday. The meeting was held between the General Secretariat of the National Assembly and the […]
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HLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule […]
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