Gov’t to Turn a Resort in Prey Veng into National Protected Area
The Ministry of Environment has unveiled a plan to turn Norkorphnom-Phnom Chher Kach cultural and historical site in Ba Phnum of Prey Veng province into a national natural protected area, according to officials meeting on Wednesday 3 November. The meeting was attended by representatives of the Ministry of Defence, representatives of the Ministry of Interior, representatives of the Ministry of C...
Read MoreCambodia Airport Investment Firm Issues US$15 million Guaranteed Bond
The Cambodia Airport Investment Co., Ltd (CIAC) has issued US$15 million in a guaranteed bonds for Prince Bank, with the funds to be used for the construction of the New Phnom Penh International Airport in Kandal province. The guaranteed bond is invested in by Prince Bank and guaranteed by the Oversea Cambodia Investment Corporation LTD (OCIC), which is the parent company of CAIC. The agreem...
Read MoreFrance Provides US$23.3 million Loan to Cambodia to Upgrade Irrigation System
The French Agency for Development (AFD) has decided to provide over US$23.3 million in a loan and grant aid to Cambodia to rehabilitate and upgrade irrigation systems in Battambang and Banteay Meanchey provinces. First Secretary of the Embassy of the French Republic in Cambodia Mr Fabrice Έtienne, Director of the French Development Agency (AFD) Oph–lie Bourhis, and Minister of Economy and Finan...
Read MoreSteel Structure Complete for Century Plaza Mall
The steel structure has been completed for the Century Plaza mall in Por Sen Chey district after the construction began almost two years ago in November 2019. The steel structure complete ceremony was held on 3 November under the presence of the Phnom Penh Deputy Governor Nuon Pharat. Mr Pharat said that the completion of Century Plaza shopping mall showed the strength of the economic recove...
Read MoreMortgage Applications Rose by 39% in Q3; Value Increased 53%
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number of mortgage loan applications was recorded at 153,120 applications, or equal to 11.60% o...
Read MoreFrance Provides US$500,000 to Improve Cambodia’s Civil Aviation Sector
The French government will provide grant aid of approximately US$500,000 to help improve the civil aviation sector in Cambodia. The announcement was made at the signing ceremony of an agreement between the Secretariat of State for Civil Aviation HE Mao Havannal, Director General of the French Civil Aviation Authority (DGAC) Mr Damien CAZE, and Director of the French Agency for Development (AFD)...
Read MoreCambodian Students Propose Drone Usage for Firefighting in Tall Buildings
A group of Cambodian students from the National Polytechnic Institute of Cambodia has proposed using drones for firefighting, especially for tall buildings in Cambodia. The proposal was raised during the meeting between the Minister of Industry, Science, Technology and Innovation (MISTI) and the student group on Tuesday 2 November 2021. According to the students' presentation, the drone that...
Read MoreKoh Tonsay Set to Become Luxurious Natural Tourist Destination
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. "Although we put efforts to conserve existing natural resou...
Read MoreKoh Rong Health Centre Officially Inaugurated
Construction of the first Koh Rong Health Centre has been completed and officially opened for public usage from Tuesday 2 November. Sihanoukville Governor HE Kouch Chamroeun said this health centre is one of the government’s strategies to improve access to health services for local Koh Rong people. “Before the establishment of this centre, people had to get on the boat and go to the mainland...
Read MoreTwo Major Roads in Pursat City Set to Begin Construction in November
Construction of two major provincial roads in Pursat city will officially begin next week on Wednesday 10 November, according to a follow-up meeting Pursat Provincial Administration on Monday 2 November. Pursat Governor HE Chiao Tay said that the two roads include Road 209 + 109 and Pursat Central Market Road 205 + 206 + 103. Both roads will be paved with DBST and concrete, respectively. HE ...
Read MoreWater Authority to Increase Water Production by 30,000m3 for Takhmao City by 2024
The Phnom Penh Water Supply Authority will increase water production by 30,000 cubic metres for Takhmao city by 2024 to meet the increasing demand stem from population growth and the new Phnom Penh Airport investment project. HE Long Naro, Director General of Phnom Penh Water Supply, unveiled the plan in a meeting with HE Kong Sophoan, Governor of Kandal Province, on 2 November. In the meeti...
Read MoreVietnam’s Energy Firm Signs US$400 Power Agreement with Siemens Gamesa
BCG Energy and Siemens Gamesa have signed a cooperation agreement on US$400 wind power development in Vietnam. Under the terms of the agreement, Siemens Gamesa will be the supplier of equipment and technical solutions for BCG Energy to implement more than 500MW of wind power projects in the south-east Asian country, VN Express reported on 1 November. The agreement was signed on the side line...
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