Cambodia’s Oil Extraction Operator KrisEnergy Unable to Pay Debts, Requests Liquidation
Cambodia’s oil extraction operator KrisEnergy has announced that it is unable to pay its debts based on actual and/or contingent liabilities and will soon proceed to liquidation, according to the firm’s press release on 4 June. KrisEnergy on the same date already submitted a winding-up petition to the Grand Court of the Cayman Islands. Meanwhile, […]
Read More
Chinese Firm to Build US$200 million Tire Plant in Sihanoukville
China-based Jiangsu General Science plans to build a US$200 million (1.3 billion yuan) tire plant in Sihanoukville with the capacity to produce 6 million units of passenger car tires annually, reported European Rubber Journal. To be located in the Sihanoukville special economic zone, the plant is expected to take 15 months to complete and is […]
Read More
MPWT Urges Private Firm to Strengthen Construction Techniques for NR146B & NR148
The Ministry of Public Works and Transport (MPWT) has urged the construction company to further strengthen techniques and follow all the agreed specifications for the NR146B and NR148 renovation projects, to ensure high quality and durability. Minister of Public Works and Transport HE Sun Chanthol said during the site inspection on the morning of 09 […]
Read More
Technical Study on “Forever-Damaged” Kampot-Veal Renh Route to be Completed This Year, Expected to Cost US$60 million
A study to properly repair the so-called ‘forever damaged’ Kampot-Veal Renh road section is scheduled to be completed by the end of this year, with an estimated rehabilitation cost of about US$60 million. This is according to an inspection by the Minister of Public Works and Transport HE Sun Chanthol on Saturday 5 June. The […]
Read More
HLH Group Sells its Farm Resort Business in Singapore to Focus on Cambodia Operations
Hong Lai Huat (HLG) group will be disposing its entire equity interest in HLH Agri R&D for the price of approximately US$3.6million, with the aim to focus more on their businesses in Cambodia, reported The Business Times. HLH Agri International has entered into a sale and purchase agreement with Gallop Green, a seafood farming and […]
Read More
Cambodia Generates 2,731 mW Energy Domestically, to Increase to 10,000mW by 2030
Currently, Cambodia can domestically produce total energy up to a maximum of 2,731 mW, while the government is boosting more energy investment to increase power capacity to 10,000 mW by 2030. According to the Ministry of Mines and Energy, power sources in Cambodia are from heavy fueled power plants at236 mW, biomass-fueled power plants at […]
Read More
Future of Divided Land Plot Business in Cambodia: Is the Buyer the Victim?
A 32-year-old factory worker and also a divided land plot buyer who prefers to be called Da told Construction & Property News that she decided to buy a 5x20m plot of land along NR5 near Oudong because the price was low plus there was an affordable instalment program. She hopes one day she might make […]
Read More
Borey Golden Park officially launches new sale office
Advertorial: Borey Golden Park has officially opened its new sales office, aiming to better serve customers especially for The Natural Project in Chroy Changva. Located along Mao Tse Tong Blvd. Building 170A-B, the new office will provide all-in-one consulting services for customers for Borey Golden Park’s project, the Natural Project in particular. Located in a […]
Read More
MPWT to Build Cambodia’s First Asphalt Concrete Production Factory
The Ministry of Public Works and Transport (MPWT) is planning to build Cambodia’s first asphalt concrete (AC) factory at the Kampot and Kep provincial border within this year, aiming to produce its own AC for road construction usage. MPWT Minister HE Sun Chanthol said during an inspection on the morning of Friday 04 June that […]
Read More
Review of Draft Law on Payment Guarantee for Four Large-Scale Energy Projects Complete
The National Assembly (NA) Committee has completed the review on four draft laws securing that the government will make payments as agreed to three private firms for investing in four large-scale energy-related projects. These four draft laws will be included in the agenda of the upcoming 6th National Assembly session, according to the NA’s meeting […]
Read More
Two New Factories Worth Over US$10 million Approved for Kandal and Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building two factories, worth a total budget of approximately US$10 million in Kandal and Phnom Penh. The first investment permit has been granted to Impak (Cambodia) Co., Ltd to invest US$5million in building a suitcase and bag factory in […]
Read More
Construction & Real Estate Sectors Growth Conditional on How Gov’t Contains COVID Outbreak: NBC
Due to the 20 February COVID-19 community outbreak, the growth projection of the construction and real estate sectors remain highly conditional on how the government contains the outbreak and how global and regional economic activities will rebound in the second half of 2021, according to the National Bank of Cambodia (NBC). NBC’s Financial Stability Review […]
Read More