Cambodia Needs US$48bn to Implement 330 Projects in Transportation Sector in 10 Years
Cambodia will need approximately US$48 billion to implement 330 projects in the transportation and public works sectors over the next 10 years. Minister of Public Works and Transport HE Sun Chanthol unveiled this data during the 26th ASEAN Transport Ministers Meeting with the US-ASEAN Business Council on Thursday 11 November. HE Sun Chanthol added that not only Cambodia, but ASEAN nations as...
Read MoreBidding Opened for Construction of New US$25-million National Assembly Building
The National Assembly of Cambodia has announced public bidding for the construction of the new US$25 million National Assembly building. According to an announcement issued on 12 November, bidding applications should be submitted to the General Secretariat of the National Assembly no later than 27 November, 2021. The project will be built under a grant aid of US$25 million from the Vietnames...
Read MoreCambodia Vows to Transform Energy Infrastructure, to Cut 42% of Carbon Emissions by 2030
Power plants and other energy infrastructure in Cambodia will see a significant change toward a more sustainable and green manner after the Ministry of Environment pledged to implement four new policies to mitigate climate change and reduce greenhouse gas emissions. The commitment was made by Minister of the Environment HE Say Sam Al at the COP26 Summit in Glasgow, United Kingdom, on 10 Novembe...
Read MoreNew Khmer-Thai border Point to be Equipped with Modern Cargo Scanning Tech
The Ministry of Public Works and Transport (MPWT) plans to equip the new Khmer-Thai Stung Bot- Ban Nong Ian border checkpoint with modern X-Ray scanning machines to check all cargo goods crossing the border to accelerate goods clearance procedures. The initiative was announced in the project construction follow-up meeting held on 8 November between relevant Cambodian and Thai officials, as well...
Read MoreGround Broken on New US$60m Ministry of Interior Headquarters Building
The ground breaking ceremony for the new US$60-million Ministry of Interior headquarters building was officially held on Thursday 11 November in the presence of Minister of Interior Samdech Sar Kheng. The new office is located in the 5.6 hectares of the original ministry complex located along Norodom Blvd in Sangkat Tonle Bassac. With a total net area of 105,545sqm, the building is 153 metre...
Read MoreKandal Authority Closes Three Illegal Sand Excavation & Transport Businesses; Raid Ongoing
Kandal provincial authorities have shut down three sand excavation and transportation businesses in Kandal Stueng district for operating without licenses, not paying royalties, and a lack of technical standards. The closure of businesses was done during the raid led by Kandal Deputy Governor HE Nop Dara on Wednesday 10 November. The first business is located in Tros village of Trea commune w...
Read MoreTbong Khmum Officially Opens Cambodia-Vietnam Border Market
The Tbong Khmum Provincial Administration will officially reopen the Cambodia-Vietnam Border Market known as Phsar Dar from 16 November onwards after being closed due to the pandemic after the inauguration since December 2019. According to the announcement dated 10 November 2021, anyone who wishes to do business in the market can apply to the Market Management Secretariat at the Provincial Depa...
Read MoreThai Power Firm Secures US$28.1-million Loan for Solar Power Project in Cambodia
B.Grimm Power Plc, Thailand's leading industrial power producer, has secured US$28.1 million in a syndicated loan from three top Thai banks to finance its solar energy project in Cambodia. The loan has a 15-year maturity date and was signed on 28 October by Kasikornbank (KBank), Export-Import Bank of Thailand (Exim Thailand) and Bangkok Bank to Ray Power Supply Co, a wholly owned subsidiary of ...
Read MoreReal Estate: What & Where to Invest in 2022?
After the number of COVID-19 cases dropped and the government announced the country’s reopening on 1 November, many real estate analysts are optimistic that the market will significantly recover in 2022. President of Cambodian Valuers and Estate Agents Association (CVEA) Chrek Soknim has projected that the real estate market in Cambodia will see considerable growth in 2022, especially after Chi...
Read MoreUnderstanding Legal Duties of Solid Waste Management for Different Types of Property
The government, especially the Phnom Penh Municipality, has been recently strengthening solid waste management, as improper waste control can cause issues such as floods and damage the beauty of the city. According to Sub-Decree No. 113 on Urban Solid Waste Management, improper solid waste management is subjected to up to 2 million riels in fine. The same sub-decree also determines the duty for...
Read MoreThai Petroleum & Energy Firm Seeks Investment Opportunity in Cambodia
Bangchak Corporation Public Company Limited, a petroleum and energy conglomerate based in Thailand, is seeking investment opportunities in the oil and green energy sectors in Cambodia. The remarks were made by BCP’s Senior Vice-President of Corporate Marketing and Lubricant Business Mr Ittikhun Sihsobhon in a meeting with the Cambodian Ambassador to Thailand HE Ouk Sorphorn on Monday 8 November...
Read MorePoipet Authority to Raid Illegal Landfillings; Citizens Ordered to Apply for Proper Permit
The Poipet City Administration has announced the requirement for landowners and construction owners in the city to apply for a permit 15 days before conducting landfilling, or otherwise facing legal actions. According to the recent announcement, the new order is to ensure that the competent authorities can inspect the actual locations before allowing landfilling so that it won’t affect public l...
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