English 
ខ្មែរ 
Gov’t Spends Approx. US$60m for Impact Resettlement of Ring Road 3
- 2 March 2022
To date, the Cambodian government has spent a total of US$60 million to manage the impact resettlement of the Ring Road 3 project, while construction is expected to be completed one year later than scheduled also due to the impact resettlement issue. PM Samdech Hun Sen said during the NR3 inauguration ceremony on Wednesday 2 March that the government has allocated the budget 32 times to deal wi...
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Urbanland Partner Banks Offering Up To 100% Home Loan with Low Interest Rate of 4.39%
- 2 March 2022
Award-winning local real estate developer Urbanland, a member of ISI Group, has updated and entered into Memorandums of Understanding (MoU) with CIMB Bank and Bank of China, respectively, for their latest residential borey project, Chankiri Palm Creek. Homebuyers at Chankiri can now borrow up to 100% of the purchase price of a home from CIMB Bank, with only 80% previously available. Additionall...
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PM Hun Sen: Cambodia Shifts Focus From Quantity to Quality for Road Construction
- 2 March 2022
The Cambodian government has changed its strategy from building roads by focusing on quantity and long-distance to building roads with long-lasting quality despite more capital being needed. Speaking at the inauguration ceremony of the NR3 on 2 March, Cambodian Prime Minister Samdech Hun Sen said that the construction of quality roads is in response to the increase in personal vehicle traffic a...
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
- 2 March 2022
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government's Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to seek thei...
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Japan Provides Grant Aid to Develop Infrastructure in Three Provinces
- 2 March 2022
Japan has provided a total of US$527,122 grant aid through the KUSANONE program for the construction of bridges in Kandal and Kratie, and irrigation facilities in Banteay Meanchey. The grant contracts were signed on 1 March between Japan Ambassador to Cambodia Mikami Masahiro and the representatives of the three recipients respectively, to carry out the following projects. The first project ...
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134km NR3 Connecting Phnom Penh to Kampot Officially Inaugurated on 2 March
- 2 March 2022
The 134km long section of Phnom Penh - Kampot NR3 was officially inaugurated on Wednesday 2 March 2022, after the construction was completed and put into temporary use since July 2021. The inauguration ceremony was presided over by Cambodian Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The project was constructed by China Bridge and Road Corporation (CRB...
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Construction & Real Estate Share 18% of Total Credit of US$38 Billion
- 1 March 2022
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia's latest report has shown that credit to construction was US$3.58 billion, or 9.3% of the total cred...
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Sailun Group Injects US$268m More on All-Steel Radial Truck Tyre Production Plant in Svay Rieng
- 1 March 2022
Chinese tyre manufacturer, Sailun Group, plans to set up an all-steel radial truck tyre production plant in addition to its existing tyre manufacturing facility in Cambodia, investing an additional US$268 million. The company is targeting production of 1.6 million tyres per year, for exports to the U.S. and Europe, according to a media report on the IR Journal's report on 28 February. The ne...
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New US$4 million Poipet Border Checkpoint Facility Officially Opens
- 1 March 2022
A new Poipet international border checkpoint facility was officially inaugurated on Tuesday 1 March, which will help ease the transit of cargo goods and tourists more effectively. The inauguration ceremony was held under the auspices of Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior. Construction of this new building began in October 2017 and was completed in September 202...
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New US$2.5m Electric Equipment Factory Officially Launched in Pursat’s Krakor District
- 1 March 2022
An electronic products assembly plant of SchneiTec CHINT Co., Ltd worth about US$2.5 million has been officially launched in Sna Ansar commune in Krakor district, Pursat province. The inauguration ceremony was held on 28 February in the presence of Minister of Mines and Energy HE Suy Sem and Director General of Electricity of Cambodia HE Keo Rattanak. The project is a joint venture between S...
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Japan to Provide US$24 million Grant Aid to Expand Water Supply System in Svay Rieng
- 1 March 2022
Cambodia and Japan will sign an agreement on Wednesday 2 March on a Japanese grant of approximately US$41 million for the development of two major projects in Cambodia. According to a press release from the Ministry of Foreign Affairs and International Cooperation on 28 February, the first project is the expansion of the water supply system in Svay Rieng province worth 2,786 million yen (approx...
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Mondulkiri authority to develop gold mining zone into a tourist attraction
- 28 February 2022
Mondulkiri provincial authority and Renaissance Minerals Cambodia have planned to work together in developing the gold mine site into a tourist attraction in the future. Deputy Governor Cheak Menghang unveiled the plan during the press conference regarding the provincial work progress on 24 February. “According to plan, the company will organize proper tour package to the mining site, just l...
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