KrisEnergy Requests Additional Deadline Extension for First Cambodian Oil Production
KrisEnergy has once again asked the Cambodian government to postpone the oil production deadline in Block A of Apsara Project after the firm repeatedly delayed their works due to the COVID-19 outbreak, according to the firm’s report released on 11 November. According to the report, the deadline for first oil production to be achieved (without […]
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Why is the Real Estate Market in Cambodia Not Severely Affected by COVID-19?
A real estate analyst and the CEO of Pointer Property has revealed that there are three main factors why the real estate market in Cambodia has been less affected by the COVID-19 pandemic compared to neighbouring countries. First, most real estate developers in Cambodia have huge capital in hand, for example, Borey Peng Huoth and […]
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New Fence at Front of Council of Ministers 70% Complete
A 1-km-long traditional design concrete fence located in front of the Council of Ministers, on Russian Blvd. from the Total gas station to the Neak Voan stoplight is almost complete. Mr Moeung Ponlok of the Phnom Penh City Hall said on 11 November that the project is 70% complete and is divided into two phases. […]
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Government Spends Over US$790,000 Building Quarantine Centre in Phnom Penh
The Cambodian government has allocated approximately US$790,000 for the construction of six buildings as a quarantine centre in Phnom Penh for Khmer people travelling from abroad. The quarantine project consists of six buildings covering nearly one hectare of land in Phsar Lech Village, Prek Pnov commune of Prek Pnov district. Began in September, the construction […]
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Renovation of Angkor Wat Front Area Reaching Completion
The renovation of the front area of Angkor Wat, including building a new walkway, rearranging gardens, and reorganising the street vendors and parking lots, is approaching completion. Mr Sean Sokkhak, a tour guide in the Angkor area, said that the improvement of the Angkor Wat temple is beneficial for tourism. He added that compared to […]
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Oddar Meanchey’s Coal-fired Power Plant 60% Complete, Online by 2021
The 265-megawatt coal-fired power plant in Oddar Meanchey province is now 60% complete and is scheduled to go online by 2021, according to Director of the Department of Mines and Energy of Oddar Meanchey Province Mr Phon Len on 11 November. Mr Phon Len told Cambodia National Radio that construction on this coal-fired power plant […]
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Incredible! Buy Steel, Win Motorbike
ISI STEEL, for the first time in Cambodia, is offering prizes to customers buying their steel products. Through their Facebook page, the well-known steel processing and distribution firm has recently posted congratulatory photos of their customers who just won brand new Honda motorbikes. To date, there have been four customers winning the prize from the […]
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Lvea Em a High Potential Real Estate Investment Spot Despite Flooding Risk
Despite the flooding risk, the geographical and climatic factors have made the land in Lvea Em becomes a high potential investment area for future profitability, especially residential development projects, according to a real estate analyst. CEO of Key Real Estate and well-known real estate analyst in Cambodia Mr Sorn Seap said, “Lvea Em is located […]
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New Shopping Street Officially Opens in Factory Phnom Penh
The Urban Village Condominium project owner inaugurated a new retail space called “Retail Street” along the 60-meter road in Factory Phnom Penh with a Spanish-themed Fiesta street party on the weekend of 07 November. Retail Street is an innovative outdoor shopping street located in between the Factory Phnom Penh and the Urban Village condominium project. […]
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Expert Reveals Three High Potential National Roads in Kampong Speu Province
Besides National Road 4, three other new national roads, including NR41, NR44, and NR51, are attracting more and more industrial investment projects and becoming the most crucial economic core of Kampong Speu province. CEO of Key Real Estate and well-known real estate analyst in Cambodia Mr Sorn Seap told Construction & Property Magazine that NR51 […]
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Government Issues Three Emergency Measures to Prevent 2nd Wave of COVID-19
The government and relevant ministries enforced three major emergency measures on 08 November, including the temporary closure of entertainment venues, the suspension of educational institutions and a ban on gatherings at the Olympic Stadium to prevent the spread of COVID-19. The closure of entertainment venues includes KTVs, entertainment clubs, cinemas and museums across the country […]
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CDC Approves 113 Projects Worth US$2.3 Billion in First Eight Months of 2020
The Council for the Development of Cambodia (CDC) approved 113 investment projects in the first eight months of this year, 22 projects less compared to the same period last year. The approved projects have a combined investment value of US$2.3 billion, a 57.1% year-on-year decrease, according to the report of Cambodia economic trends from the […]
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