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ខ្មែរ 
Royal Group Acquires 45.09% of Phnom Penh SEZ, Becoming Biggest Shareholder
- 21 December 2021
Inter Logistics (Cambodia) Co Ltd, a subsidiary of the Royal Group, has acquired 45.09% of Phnom Penh SEZ Plc (PPSP) and now becomes the largest shareholder of the company. In a press release issued on 21 December 2021, Neak Oknha Kith Meng, chairman of the Royal Group and Inter Logistics (Cambodia), said that the acquisition is another great milestone for the development of the Royal Group. ...
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NBC: Total Credit Reaches US$44.9 billion by Q3 2021; Construction Contributes 25.6%
- 21 December 2021
By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December. Among all, credit given to the construction sector was at US$11.5 billion, or 25.6% of the total credit. This number has increased by 31.2% compar...
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New Flyover Set to be Built at Century Plaza Intersection
- 21 December 2021
The Phnom Penh Municipal Administration plans to build a new flyover at the Century Plaza Market intersection to ease the traffic congestion on Russian Blvd, St. 2004, and St. 2011. The project was discussed in a meeting held on 20 December, led by Phnom Penh Governor HE Khuong Sreng, with relevant departments and officials in 14 districts. HE Khuong Sreng said that the traffic flow along Ru...
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Japan Provides Grant Aid to Build Schools, Water Resources & Irrigation System
- 21 December 2021
The Japanese government has provided more than US$280,000 in grant aid to three Cambodian provinces including Steung Treng, Ratanakiri and Kampong Speu to build schools and rehabilitate irrigation systems. According to a press release from the Embassy of Japan in Cambodia, these funds are under the Grant Assistance for Grassroots Human Security Projects ("KUSANONE"). The assistance agreement...
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Cambodia, Vietnam to Connect New Sea Tourist Destinations
- 21 December 2021
Cambodia and Vietnam have agreed to boost cross-nation tourism by connecting Kampot Tourism Port and Bai Vong Tourism Port as well as co-creating cruise packages for tourists. According to the bilateral meeting on tourism cooperation between Cambodia and Vietnam on 10 October, both parties have agreed on multiple action plans for 2023-2024 as follows: 1) Strengthen travel and border facilita...
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Warehouse & Factory Leasing: Good or Bad Investment?
- 20 December 2021
The business of building factories or warehouses for rent has been gaining in popularity in recent years. However, this type of business can be profitable or not depending on location and land size factors. A local real estate expert and president of KW Cambodia Dr Kim Heang said that those who own only 1 to 2 hectares of land in the potential area, better not invest in a warehouse or factory l...
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Cambodia, China Set SSEZ as Bilateral Industrial Cooperation Zone
- 20 December 2021
Sihanoukville Special Economic Zone (SSEZ) will soon become a special hub for bilateral industrial cooperation between Sihanoukville and Jiangxi Province of China, according to senior officials of both countries. Sihanoukville Deputy Governor Long Dimanche and Party Secretary of the Communist Party of China Committee of Wuxi City Du Xiaogang chaired an online meeting on 17 December. In the m...
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Cambodia, Thailand Discuss Reopening Four Land Border Gates
- 20 December 2021
Authorities in Banteay Meanchey and Battambang provinces of Cambodia and Sa Kaeo province of Thailand have discussed the reopening border gates which have been shut down due to the COVID-19 pandemic. The discussion was held on 15 December with participation from representatives of the three provinces administrations. The meeting was ended up with an agreement on setting four border gates for...
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Land Minister: Illegal construction Activities Significantly Reduced After Enforcement of Construction Law
- 20 December 2021
The construction sector in Cambodia has been improved with fewer illegal activities found after the implementation of the construction law in 2019, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara during a meeting with JICA Chief Representative Kamei Haruko on 16 December. Minister Chea Sophara said three sub-sectors in the construction industry have see...
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UNDP, MPWT to Install Five EV Charging Stations Across Cambodia
- 18 December 2021
The Ministry of Public Works and Transport (MPWT) and UNDP are studying the possibility of setting up five electric vehicles (EV) charging stations across the country, including Battambang and Siem Reap. HE Chhuon Vorn, Director-General of Land Transport of MPWT, on 15-17 December led the team to inspect the potential locations before proceeding to a further stage. These five EV charging sta...
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US$160 million Morodok Techo Stadium Officially Inaugurated
- 18 December 2021
The main stadium building, the largest building of the Moradok Techo National Stadium in Chroy Changvar district, was officially inaugurated on Saturday 18 December. The inauguration ceremony of the stadium was presided over by Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia Wang Wentian with 15,000 participants. With ground broken in April 2017, the stadium was by China St...
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Nestle Mulls Building Production Factory in Cambodia
- 17 December 2021
Nestle, one of the world's largest food and beverage companies, has unveiled its business plan to build a production factory in Cambodia to replace imports from abroad. The plan was raised by the Nestle Thailand Country Director Mr Chandana Fernando in a meeting with Minister of Commerce HE Pan Sorasak, earlier this week. According to the ministry’s statement issued on 17 December, the compa...
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