Gov’t Urges All Property Owners to Pay Taxes before September Deadline
The Sihanoukville Provincial Tax Office has urged all property owners to pay their taxes at the Provincial Tax Branch before September 30 to avoid fines. According to the announcement dated 28 June, all property owners can make tax payments through banks such as ACLEDA, Canadia, Cambodia Public, and Vattanac. For some property owners who want to register a new property title, change constru...
Read MoreThailand Urged to Establish Joint SEZs with Bordering Countries
The Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment. Surong Bulkul, Vice-Chairman of the Chamber, said it proposed the government speed up the reopening of border checkpoints between Thailand and Malaysia, Laos, Cambodia, and Myanmar in order to increase trade, investme...
Read MoreUS$1.5 Trillion to be Spent on Smart Infrastructure in China in 2021-2025
China's State-owned enterprises (SOEs) have revealed plans to invest over US$1.49 trillion in more than 1,300 smart infrastructure schemes across the country during from 2021 to 2025, to boost sustainable economic growth. According to a China Daily report in June, those development projects are not the traditional types like railways, roads, and water conservancy, but will focus on infrastructu...
Read MoreGov’t Sets Four Roadmaps to Transform Mondulkiri to International Eco-Tourism City
The Cambodian government has set four roadmaps to transform Mondulkiri into an international eco-tourism destination. These four roadmaps were announced on 04 July and will be implemented following the Tourism Master Plan (2021-2035). First, Mondulkiri will be a hub to supply flowers, vegetables, fruit, and meat for both domestic and foreign markets. Second, by 2035, Mondulkiri aims for o...
Read MoreWB: Cambodia Needs Systematic Approach Beyond Building Roads to Boost Competitiveness
A recent World Bank report has suggested Cambodia needs a clear systematic approach beyond just building physical assets such as roads and bridges to boost its connectivity and trade competitiveness in the region. The report entitled ‘Cambodia Economic Update June 222’ claimed Cambodia’s infrastructure remains underdeveloped, and the country’s performance in logistics has been significantly bel...
Read MoreThree Major Reservoir Rehabilitation Projects to Support Mondulkiri Tourism Master Plan
The project to rehabilitate and restore three major water reservoirs in Mondulkiri province is an integral part of the work to support the tourism development master plan for Mondulkiri province. The project was part of the discussion among the members of the steering committee for the implementation of the Mondulkiri Tourism Development Plan 2021-2035 on 04 July 2022 at the Pichreda Hotel, Mondul...
Read MoreROAD CARE Supervision Plan 70% Complete
The process of preparing a "detailed design for an information and data management website" for the road quality control function development project (ROAD CARE Supervision) is 70% complete as reported in a meeting of the technical working group of the Ministry of Public Works and Transport on 01 July 2022. Speaking at the meeting, Mr Thou Samnang, Deputy Director-General of the General Departm...
Read MoreMinistry of Resources Starts 21-km Trapeang Thmor Dam Road Construction
The Ministry of Water Resources and Meteorology has started work on the 21-kilometre road on the Trapeang Thmor Reservoir dam in Phnom Srok district, Banteay Meanchey province. The ground-breaking ceremony was held on 03 July 2022, in the presence of HE Lim Kean Hor, Minister of Water Resources and Meteorology. During the operation, the ministry employed multiple units of heavy machinery. ...
Read MoreMEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and tourism constru...
Read MoreCredit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions' loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of Q1 was US$13.7 billion, equivalent to 27% of the total cred...
Read MoreUS Firm Wins Bid for Singapore’s Mass Transit Line
Giant US engineering firm Jacobs has won a bid to act as a design consultant on the construction of the Tavistock Station and tunnels linking it in the first phase of Singapore’s Cross Island mass transit (MRT) line. The US$302 million contract is an integral part of the 29km underground line which will be Singapore’s largest and longest connecting all parts of the city. The contract involve...
Read MoreConstruction of New 14-Storey Information Ministry Building Nearly 90% Complete
Construction of the new 14-storey building of the Ministry of Information is nearly 90% complete and is set for full completion soon, according to the site inspection by Minister of Information HE Khieu Kanharith on 1 July 2022. Located inside the Ministry of Information along Monivong Blvd., this new building has 14 floors, is 65 metres tall, and 14 metres wide. The new building includes th...
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