Award-Winning Residential Project La Palm Launches New Borey in Southern PP
After the success of their first project, Borey La Palm has once again inked a partnership deal with Pointer Property Co., Ltd. to launch its second project—Palm Springs. The signing ceremony appointing Pointer Property as the exclusive sales and marketing partner for the Palm Springs project took place on 30 April and was joined by both firms’ executive boards. The Palm Springs project will...
Read MoreMalaysia SME Association, CCA Discuss Business Opportunities in Construction Sector
A group of Malaysian investors led by the SME Association of Malaysia on Friday made an official visit to the Cambodia Constructors Association (CCA) to discuss investment opportunities and business partnerships with local firms within prioritised sectors. The meeting was chaired by CCA Chairman Neak Oknha Pung Kheav Se and the President of the Malaysian Business Chamber of Cambodia Oknha Tan K...
Read MoreUS$1.4bn Waste-to-Hydrogen Plant Planned to Be Built in Oman
A waste-to-hydrogen plant with an investment value of US$14 billion is to be built in Oman. Once completed, it will be able to generate 67,000 tons of green hydrogen annually. US-based hydrogen generation and storage company H2-Industries has already signed an MoU with Madayn (Public Establishment For Industrial Estates) for this power project already, according to Power Engineering Internation...
Read MoreDara Sakor Airport Flight Validation 60% Complete
The flight validation of key equipment, facilities, and staff capacity at the Dara Sakor airport in Koh Kong province is 60% complete, aiming for completion in June and conducting the first flight test in July. HE Sin Chansereyvutha, Under-Secretary of State and spokesperson of the State Secretariat of Civil Aviation (SSCA) said on 29 April that the flight validation could be finished later tha...
Read MoreFDI in 2021 at US$4.3 billion, 47% drop Y-o-Y
In 2021, Cambodia received a total of US$4,357 million in foreign direct investment (FDI), a decrease of 47 % compared to the amount in 2020 with a total FDI of US$8,250 million. According to the Council for the Development of Cambodia (CDC), FDI from China remains the top one at US$2,326 million, a 67% increase y-o-y. FDI from Singapore and the United States was worth US$121 million and US$...
Read MorePPAP: Construction of Seven River-Based Ports to Cost Approx. US$70 million
The construction cost of the planned seven river-based ports is estimated at over US$70 million in total, or at least around US$10 million, as it varies depending on the condition and location of each port. HE Hey Bavy, Director General of the Phnom Penh Autonomous Port (PPAP), said on 25 April that four of the planned seven ports are already under construction. He confirmed that the constru...
Read MoreConstruction on US$1.3 billion Kampot Multi-Purpose Port to begin in early May
Construction on a new US$1.3-nillion multipurpose port & logistics centre in Kampot province.is set to begin in early May, according to Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol said on 27 April during the SHV port inspection that the development of infrastructure, roads, railways and ports are very vital, responding to the growth of the country's economy. “...
Read MoreCambodia’s Four Coastal Provinces Receive US$100m for Sustainable Marine Development Projects
A US$100 million fund from the Asian Development Bank (ADB) and French Development Agency (FDA) has been approved for implementing sustainable marine development projects in four of Cambodia’s coastal provinces including Koh Kong, Sihanoukville, Kampot and Kep. ADB will contribute US$70 million including loans and grant aid, while AFD will provide US$30 million. Kep Deputy Governor Vov Sokha...
Read MoreKandal Authorities Establish Special Working Group to Strengthen Waste Management
The Kandal Provincial Administration has established a special committee and sub-committee to strengthen waste management throughout the province and promote a clean, green community. According to the order dated 25 April 2022, the committee has a total of 14 members, chaired by the mayor or district governor. The role is to prepare legal documents and ensure proper waste storage, and raise awa...
Read MoreGovernment, JICA Agree on Loan for SHV Port Expansion Phase 2 & 3
Sihanoukville Autonomous Port, the Ministry of Economy and Finance and JICA have agreed on the loan package for the second and third phases of the Sihanoukville port expansion projects. The loan agreement from JICA to Sihanoukville Autonomous Port comes after JICA provided a US$203 million loan for the first phase of a container terminal expansion project, which is scheduled for completion in 2...
Read MoreStamp Duty Tax Exemption for Property Worth Under US$70,000 Extended to End of 2022
The government has decided to extend stamp duty tax exemption for property worth equal to or under US$70,000 till the end of 2022. The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued to the end of 2022, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic. According to the statement issued by the General...
Read MoreUS$40 million Calmette Hospital’s Multipurpose Building 92% Complete
Construction of the Calmette Hospital US$40-million multipurpose extension building has reached 92% completion as of April this year, according to the site inspection by Health Minister HE Man Bunheng on 27 April. HE Man Bunheang said that this building is a major development in the health sector transforming Calmette into a modern and more qualified hospital to compete with neighbouring countr...
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