Fourth Japanese-Funded Automatic Screen Pit Installed in Phnom Penh Drainage System
The fourth Japanese-funded automatic garbage collection machine in the drainage system (automatic screen pit) in Phnom Penh has been installed and officially put into operation on Thursday 3 June. The inauguration ceremony was held in the presence of the First Secretary of the Japanese Embassy Mr Toshikazu Tokioka, JICA Representative Ms Aya Tokumoto, and Director […]
Read More
FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability […]
Read More
200-year-old Khmer house in Kratie to Become Provincial museum
Recognising the value of old architecture, the Kratie Provincial Department of Culture and Fine Arts is planning to transform a 200-year-old wooden house or known as the 100-pillar house, into a new provincial museum, according to the Ministry of Information on 2 June. Deputy Director of the Kratie Provincial Department of Culture and Fine Arts […]
Read More
Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans […]
Read More
NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 […]
Read More
Construction Begins for Japanese-Funded US$27 million Choeung Ek Wastewater Treatment Plant
The construction of the Japanese-funded US$27-million sewage system and a large-scale treatment plant in Choeung Ek officially began in late May and is scheduled for completion in November 2023. According to an announcement by the Phnom Penh Municipality yesterday, the implementation of the project is divided into 4 stages, including: 1. Filling up 3 hectares […]
Read More
Three Sections of NR5 Expansion 46%, 38%, and 97% Complete, Respectively
To date, the renovation of NR5 is approximately 60% complete, with the southern part Prek Kdam- Pursat at 46.05%, the central part Pursat-Battambang at 38.08%, and the northern part Battambang-Banteay Meanchey at 97.30%. This is according to a meeting between the Ministry of Public Works and Transport and the Ministry of Economy and Finance on […]
Read More
France Pledges €600 million in Financing to Cambodia for Next Six Years
The French government has pledged to increase the amount of official financing for Cambodia to approximately €120 million per year for the six years from 2021 to 2026, focusing on infrastructure and other developments. The pledge was made during an online meeting between Minister Delegate to the Prime Minister and Permanent Secretary of the Ministry […]
Read More
Veterans in Koh Kong to Receive Over 700 Concessional Land Plots
The Koh Kong Provincial Administration plans to allocate 691.14 hectares of social land concessions to veterans in Andong Toek commune, Botum Sakor district, Koh Kong province, according to a meeting on 01 June 2021. Koh Kong Deputy Governor Sok Sothy said in the meeting that, at this stage, the team is working on counting the […]
Read More
Phnom Penh City Hall Orders Immediate Demolition of Illegal Construction on River
The Phnom Penh Municipal Administration has ordered the immediate demolition of all illegal fish farms, floating houses, and all unregulated structures on the Tonle Sap River within the boundaries of Phnom Penh. The authorities also stated that non-compliance will result in severe action with no liability for damages. The announcement released today said that there […]
Read More
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 […]
Read More
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 […]
Read More