Cambodia Urges ADB to Focus on Cross-Border Facilities to Boost Logistics
The Ministry of Public Works and Transport (MPWT) has urged the Asian Development Bank (ADB) to focus its development on cross-border facilities to help improve the logistics sector between Cambodia and neighbouring countries. The proposal was made during a working meeting between the MPWT and the ADB on 06 April. MPWT Minister HE Sun Chanthol […]
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Phnom Penh Monorail Feasibility Study Complete, Subway Option to Follow Next Month
The feasibility study of the monorail project has been completed, while the study of the subway option is scheduled to be completed in the next month, according to Public Works and Transport Minister Sun Chanthol this morning. During the meeting with the Asian Development Bank (ADB), HE Sun Chanthol said that the ministry also requested […]
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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with […]
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Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan […]
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Lennar Named #1 Homebuilder Worldwide on FORTUNE Magazine’s 2021 List of ‘World’s Most Admired Companies’
Lennar Corporation, the leading homebuilder in the United States has been named #1 Most Admired Homebuilder on FORTUNE Magazine’s 2021 List of World’s Most Admired Companies. “This recognition is a testament to the extraordinary efforts and dedication of all Lennar Associates in delivering exceptional quality homes while providing an excellent customer experience,” said Stuart Miller, […]
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Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by […]
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CCA Chairman Donates US$180k to Cambodian Red Cross
Chairman of the Cambodia Constructors Association (CCA) and the Board of Canadia Group and OCIC Neak Oknha Pung Kheav Se has recently donated US$180k to the Cambodian Red Cross, while previously donating almost US$10 million to the government to fight against COVID-19. This latest donation is the fifth time since April this year that Neak […]
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in […]
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Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
Malaysia’s MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia’s three major airports: Phnom Penh, Siem […]
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WorldBridge Sport Village Project Launched, Set for Completion in 2023
Sales for a large-scale commercial building and residential project “WorldBridge Sport Village” have officially been opened, while construction is set for completion by 2023 when Cambodia hosts the SEA games. The project is spread over 6 hectares next to Morodok Techo Stadium north of Phnom Penh, or in the so-called Samdech Techo Hun Sen Dragon […]
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Vietnam Plans to Build Over 9,000km of Expressways by 2050
Vietnam’s Transport Minister Nguyen Van The has said the nation is striving to build a total of 5,000km of expressways by 2030 and over 9,000km by 2050, according to Vietnam Plus. The ministry’s report issued last month revealed that Vietnam currently has a total of 1,046km of expressways in operation. The ministry is also currently […]
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Large-Scale Infrastructure Renovations in Siem Reap and Sihanoukville Part of Tourism Recovery Roadmap
The government earlier this week approved the Roadmap on Cambodia’s Tourism Restoration Plan, of which the large-scale infrastructure renovations in Sihanoukville and Siem Reap are the most crucial drivers in attracting more tourists after the pandemic subsides. The road map is divided into three stages. The first and the most important is the rehabilitation of […]
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