PPSP Acquiring Local Construction Firm to Expand Long-Term Business in Cambodia
Phnom Penh SEZ operator PPSP has decided to acquire local construction company, Sahas E & C Co., Ltd. for over US$1.1 million in order to expand its business ambitions in Cambodia after obtaining permission from the Securities and Exchange Regulator of Cambodia (SERC). According to the company’s announcement on 22 March, prior to the acquisition, […]
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314km Cambodia-Vietnam Border Road in Mondulkiri 80% complete
Construction of the 314-kilometre Cambodia-Vietnam border frontage road in Mondulkiri province is approximately 80% complete, according to Mondulkiri Governor Svay Sam Eang. Governor Sam Eang said during a site inspection on 23 March that the road is adjacent to three provinces of Vietnam and will play an important role as a strategic route for Cambodia. […]
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Naga Corp’s US$350-million Resort in Siem Reap province dismissed
The Ministry of Culture and Fine Arts has decided to dismiss the proposed $350-milion resort development in the Angkor Archaeological Park by Naga Corp after controversial discussions, stating the project negatively affects the archaeological park. In a press release issued on 23 March, the Ministry of Culture and Fine Arts stated that the “Angkor Lake […]
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Over 12,000 Seats Installed in Morodok Techo Stadium, Completion Date Set for May 2021
To date, the Chinese-funded Morodok Techo Stadium has already been equipped with over 12,000 seats, while the overall construction is also scheduled for completion by May this year. Secretary-General of the Cambodian SEA Games Organising Committee Vath Chamroeun said on 23 March that with 12,000 seats ready, over 40,000 seats remain. “With the current average […]
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Gov’t Returns Over 470 Hectares of Illegally-owned Land in Mondulkiri to Two Private Firms
The government has seized over 472.8 hectares of illegally-occupied land in Purang village, Orang district, Mondulkiri province, and returned it to the original owners, Ujisan LS Group Co., Ltd. and Hu Ling Co., Ltd. The decision came after the final site inspection by the Mondulkiri Provincial Administration and relevant officers on 22 March. Deputy Governor […]
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Authorities Speeding up Phnom Penh Drainage System Rehabilitation Works to Prevent Flood in Rainy Season
Even with the recent surge in the COVID-19 community outbreak, the relevant government bodies are still actively working on the road constructions, canal dredging, and especially the drainage system rehabilitation works across Phnom Penh to prevent floods during the upcoming rainy season. Director of the Department of Public Works and Transport Sam Piseth said yesterday […]
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Stueng Trang-Krouch Chmar Bridge Opens for Public, Inauguration Ceremony to Follow
The bridge connecting Stueng Trang district in Kampong Cham province to Krouch Chhmar district in Tbong Khmum province was opened to the public from 23 March to facilitate travel and celebrate the upcoming traditional Khmer New Year. Minister of Public Works and Transport HE Sun Chanthol made the announcement during a site inspection on the […]
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Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic
The Cambodian government yesterday called on all real estate developers in Cambodia to adjust their payment terms and help ease the financial burden of their buyers if needed, as the recent surge in community outbreak has affected many people. The move came after the National Bank of Cambodia (NBC) and the Ministry of Economy and […]
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Researchers Unveil New Monitoring Platform to Mitigate Dam and Climate Impacts on Mekong River
Researchers have recently developed a new platform that uses data from satellite, remote sensing, and geographic information system (GIS) to monitor Mekong River water levels, with the hope to mitigate droughts and other related issues caused by excessive dam constructions and climate change. According to The Third Pole’s report last week, the new online system […]
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Koh Kong Land Encroacher Comes Forward After Calls
Following recent calls from the government regarding the illegal landfilling activities at a public canal in Tuol Korki Krom village in Koh Kong province, the encroacher has finally come forward to resolve the situation, according to an announcement by the Koh Kong administration. The source stated that the illegal landfilling activities have damaged 4,000 square […]
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30m Road Connecting Aeon Sen Sok to Win-Win Blvd 90% Complete
The new 30-metre-wide road from the Aeon Sen Sok area to Win-Win Boulevard is now 90% complete, while the construction team is currently installing streetlights and working on decoration. “To date, the main construction has been completed. The team are now installing 100 streetlights on the road from Borey Angkor to the front of Grand […]
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Japan Provides More Grant Aid for Infrastructure Development in Cambodia
he Japanese government has agreed to provide approximately US$600,000 in grant aid to build infrastructure in Pailin, Kampong Thom and Svay Rieng provinces, after also providing around US$500,000 last week for other development projects in five provinces. The grant contracts were signed on 19 March between Japan Ambassador to Cambodia HE Mikami Masahiro, and the […]
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