Cambodia’s Total Public Debt is US$9.49 Billion
As of the end of 2021, Cambodia’s total public debt was US$9.49 billion, representing public external debt mainly used for public infrastructure development, according to the Cambodia Public Debt Statistical Bulletin dated 25 February. In 2021 alone, the Cambodian government signed concessional loan agreements with development partners for a total of US$905 million, accounting for 43% of the de...
Read MorePM Hun Sen to Inaugurate 38-Road Project in Siem Reap on 4 April
The new 38 roads, sewers system, public lighting, and river sidewalks in Siem Reap will be officially inaugurated on 4 April by Prime Minister Samdech Hun Sen. Siem Reap Governor HE Tea Seiha announced the inauguration date on Friday 11 March. He said the road construction was 100% complete while other works such as lighting were also set to be completed soon. The 38-road project in Siem ...
Read MorePP Governor: Construction Sector Continues to Grow With Over US$2.2bn Investment Recorded in 2021
Phnom Penh Governor HE Khuong Sreng has confirmed that the construction sector in the capital in early 2022 has continued to grow despite pressure from the COVID-19 crisis in 2020 and 2021. During the ground-breaking ceremony of a new 44ha borey project in Prek Pnov district, HE Khuong Sreng said, as of 2022, there are a total of 310 boreys and 1,603 high-rise buildings (225 are buildings with ...
Read MoreGov’t to Enhance Drainage & Sewage System in North-eastern Cities
The government is planning to expand and improve the drainage and wastewater treatment systems in three cities in the north-eastern provinces, with Sen Monorom city in Mondulkiri, set as a pilot. The project to improve the drainage and wastewater treatment system was discussed in a meeting between relevant officials on Thursday 9 March. Mr Heng Sal Piseth of the Ministry of Public Works and ...
Read MoreConstruction of New Khmer-Thai Border Checkpoint 40% Complete, to Temporarily Open Soon
Construction of the new Khmer-Thai Stueng Bat border checkpoint is over 40% complete on the Cambodian side and approximately 90% on the Thai side. Governor of Banteay Meanchey Province Um Reatrey met with Governor of Thailand’s Sa Kaeo Province Parinya Phothisat on 10 March to inspect the construction site and discuss the temporary opening plan. Although under construction, both Thailand and...
Read MoreGDT Officially Postpones Capital Gains Tax Collection to 2024
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth and recovery in the context of COVID-19. The implement...
Read MorePiling Work on Naga 3 Over 50%; Main Buildings Construction to Begin in 2023
NagaCorp has confirmed that it will continue the construction of Naga 3 in Phnom Penh as planned despite the halt of Naga Vladivostok in Russia. According to its recent announcement, NagaCorp has halted construction of the US$238-million Naga Vladivostok gaming and resort development complex in Russia and shifted its focus to Naga 3 in Cambodia. Designed by Chicago-based Skidmore, Owings and...
Read MoreNew Win-Win Monument Constructed in Oddar Meanchey’s Anlong Veng District
Construction has begun on a new Win-Win monument in Anlong Veng district in Oddar Meanchey province. Deputy Prime Minister Tea Banh oversaw the official start on 9 March. The construction site is in 200 hills in Trapeang Prey commune, Anlong Veng district, which is one of the historical sites where the Cambodia civil war ended. Samdech Tea Banh said that building a win-win monument there is ...
Read MoreAuthorities to Demolish Illegal Constructions Along Two Major Roads
Local authorities in Phnom Penh capital and Kandal province will begin the demolition work of all illegal constructions and business vendors along Mao Tse Tong Blvd and NR21 to prepare for road and sidewalk renovation. According to the announcement issued on 7 March, the Tuol Kork district administration will begin to act soon, while urging sidewalk encroachers and vendors to move the construct...
Read More16 Eco-Tourism Investment Projects Proposed for Bokor Mountain
The Ministry of Environment has inspected locations for 16 small-scale ecotourism investment projects, which cover less than 10 hectares each, located in the Monivong Bokor National Park. Held on 7 March, the inspection was led by Secretary of State of the Ministry of Environment HE Neth Pheaktra and relevant officials in Koh Touch and Prek Thnout communes. HE Neth Pheaktra said that the Mon...
Read MoreSpecial team established to prevent & crackdown on illegal land encroachment in Koh Kong
The Koh Kong Provincial Administration has established a special working group tasked to prevent and crack down on illegal encroachment in eight protected areas of 126,928 hectares and 23,092 hectares of forest cover area in the province. According to the directive dated 4 March, the working group is created to increase the effectiveness of law enforcement in preventing and cracking down on ill...
Read MoreFirst Steel Production Plant in Banteay Meanchey Officially Operational
The first steel production and processing factory in Banteay Meanchey province was officially launched on 8 March in the presence of Banteay Meanchey Governor HE Um Reatrey. The factory is located on NR59, Khla Ngap village, Toul Pong commune, Malai district, and will supply steel to the construction sector in Banteay Meanchey and neighboring provinces. HE Um Reatrey said that this factory n...
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