KrisEnergy Receives Loan to Secure Scheduled Oil Extraction in Cambodia
KrisEnergy has reached a loan agreement with Kepinvest Singapore to secure oil extraction offshore of Cambodia as planned before the end of this year. According to the firm’s recent announcement, the US$87-million loan will be divided into two parts, with US$30 million to be used for facility A and another US$57 million to be used […]
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Siem Reap to Put Optic Cable Underground While Renovating the 38 Roads
The Siem Reap provincial administration is preparing to embed optic cables underground while renovating 38 roads, according to the outcome of a meeting held by relevant officials on 19 October. Not only increasing the province’s beauty but putting the cables underground is also part of the government policy to make Siem Reap a smart city […]
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MPWT to Seek More Funds to Repair Over 400 km of Flood-damaged Roads
The Ministry of Public Works and Transport (MPWT) will seek more funds to repair over 400 kilometres of flood-damaged infrastructure across the country, according to Minister of Public Works and Transport HE Sun Chanthol during road inspection on 19 October. “The last report I received was on the 17 October. Around 123 roads, 308 sections […]
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MPWT Choosing Locations for Ring Road 4 Construction
The Ministry of Public Works and Transport held an inter-ministerial meeting on 19 October to discuss the locations of the Ring Road 4 construction. The ministry has revealed that the route will be around 195km and pass through four provinces. The meeting was participated in by eight representatives from relevant ministries and ten private firms, […]
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Advertorial: ISI STEEL Offering Over 600 Rewards Every Month
ISI STEEL is offering over 600 rewards every month via a scratch-to-win program for customers who purchase ISI PALM, ISI PIPE and ISI STEEL. Those who purchase any of the two products to a value of US$200 upward will get a scratch-off lottery ticket, valid from today until the rewards are out of stock. The […]
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Real Estate Market Update in Q3 and Roadmap for Recovery
The Phnom Penh Real Estate Market in Q3 of 2020 remains under pressure from the COVID-19 pandemic. However, compared to other neighbouring countries, the Cambodian market shows the most significant recovery steps, according to a report from CBRE Cambodia. The same report also projects that due to the very low number of cases, thanks to […]
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Simplex Vows to Dominate Cambodia Cabinetry Market in Next Five Years
Advertorial: As the construction and real estate sector in Cambodia has been growing steadily, the demand for interior decoration has also increased. Custom-made cabinets are one of the most popular furniture items on the market. So, how to find a high-quality custom made cabinet and which supplier to choose? Simplex Cambodia is one of the […]
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Construction of NR2 and NR22 16% Complete
After the groundbreaking ceremony in February, the construction and restoration of National Road 2 and 22 from Takmao to Angk Ta Saom has been 16% completed, according to Minister of Public Works and Transport HE Sun Chanthol during his flood-damaged roads inspection on 16 October. “The progress of the construction is going well as planned. […]
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Hyatt Regency Phnom Penh GM Confirms Q1 2021 Opening Date
Hyatt Regency Phnom Penh General Manager Herman Kemp has confirmed that the hotel will finally open in the first quarter of 2021, after a period of delay due to the impact of the COVID-19 pandemic. According to Mr Kemp, as of today, the construction is 100% complete, and currently, the team is working on all […]
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Transport Minister Pledges to Prevent Major Roads from Flooding Next Year
The Minister of Public Works and Transport HE Sun Chanthol has said that the government will continue to repair the flood-damaged roads and upgrade them if possible, to prevent severe flooding from next year. HE Sun Chanthol made the claim during an inspection of the flooded National Road 41 on 16 October. “For NR41, the […]
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Floods Damage More Than 90 Roads Nationwide
According to the Ministry of Public Works and Transport, as of 15 October, at least 90 roads or over 200 sections nationwide have been affected by floods. In the meantime, the ministry is temporarily fixing some sections and will re-evaluate some others after the waters recede. These damaged roads are at least 300 kilometres long […]
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To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as condominiums, […]
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