New National Defense Ministry Administrative Building Officially Inaugurated
The new administration building and conference hall of the National Defense Ministry were officially inaugurated on Wednesday 29 December, marking the 23-year anniversary of the success of bringing peace through the win-win policy (December 29, 1998-December 29, 2021). The inauguration ceremony was presided over by Samdech Techo Hun Sen, Prime Minister of Cambodia. The new administration bui...
Read MoreUS$80 million Chinese-funded Kossamak Hospital Building Passes Completion Inspection
The new US$80-million Chinese-funded Preah Kossamak Hospital building successfully passed the completion inspection on Tuesday 28 December, according to the contractor China State Construction Engineering Corporation Ltd. The construction project technical team's leader, Shi Xiaoguang, said the building will become the first hospital in Cambodia with a modern medical concept of low energy consu...
Read MoreYouth Rehabilitation Centre in Kandal Province Inaugurated
The Youth Rehabilitation Centre in Kandal Steung District of Kandal Province has officially been inaugurated, which will play an important role in helping rehabilitate and build better human resources. The inauguration ceremony was on Tuesday 28 December and was presided over by Deputy Prime Minister Samdech Sar Kheng with the participation of Kandal provincial officials. With ground broken ...
Read MoreLand Ministry gifts over 700 land plots to locals in Kratie province
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by 458 targeted families from Sambok, Changkong, Dar, Thme...
Read MoreCPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development
Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung Kheav Se as the witness The funds raised from the guaran...
Read MoreJapanese firms mull establishing natural gas and solar power plants in Cambodia
The Embassy of Japan in Cambodia said that a number of Japanese firms plan to establish many development projects in Cambodia, especially in the renewable energy sector. The information was stated by the Japanese Ambassador to Cambodia HE Masahiro Mikami in the meeting with Cambodian Prime Minister Samdech Hun Sen on Tuesday 28 December. "Japan has a number of companies planning to build nat...
Read MoreCambodia Utility Infrastructure & Digitalisation: Koh Kong Substation Project Selected as Finalist at Bentley YII 2021
The Koh Kong 230/22-kV Substation of Pestech International Berhad has been selected as one of the finalists of the Bentley System’s 2021 Going Digital Awards in Infrastructure, reflecting another small step of Cambodia’s utility sector toward digitalization. Being one among 57 finalists selected from nearly 300 nominations across 45 countries is an achievement not only for Pestech but also for ...
Read MoreEvergrande vows to deliver 39,000 units of properties in December despite debt defaulting
China Evergrande Group has vowed to accelerate their construction works with the aim to deliver 39,000 units of properties within this year, despite being downgraded to restricted default earliest this month. According to CNN, Evergrande Chairman Hui Ka Yan said during a meeting on Sunday 26 December that no one at Evergrande would be allowed to "lie flat," urging employees to fight day and nig...
Read MoreMajor Infrastructure Projects Broken Ground in 2021
Although 2021 was hit hard by the COVD-19 pandemic with several lockdowns and the spread of new variants, the Cambodian government has continuously upgraded and built infrastructure projects. Thus far, none of the infrastructure projects has been delayed. Here is the list of the major infrastructure projects that saw ground broken in 2021. US$19 million Siem Reap Provincial Hospital Building_De...
Read MoreFuture of Cambodia Real Estate Sector in 2022 & Beyond
The real estate sector in Cambodia was hit hard in 2020 at the start of the COVID-19 pandemic. In 2021, opposite to the positive expectations, the market was hit even harder given lockdowns and the widespread new variants. However, after the country’s reopening in November, many real estate analysts have increased their hopes for 2022. CBRE Cambodia Managing Director James Hodge said that the o...
Read MoreDomestic cement production reaches nearly 8 million tons in 11 months
During the 11-month period of 2021, five domestic cement factories produced a total of 7.9 million tons of cement, which is equal to the amount produced last year, according to Cambodian Cement Manufacturing Association Secretary-General Puth Chandarith. "From January to November 2021, it did not decrease in production, we produced the amount as we did last year. We still have 7,989,864 tons fr...
Read MoreInternet Providers Given 3 Months to Improve Signal Quality in Boreys or Face Legal Action
The Ministry of Posts and Telecommunications has given three months to internet and telephone service operators to enhance the quality of all internet and telephone services in boreys or face legal action after the deadline. The remarks were made by HE Chea Vandeth, Minister of Posts and Telecommunications, in a meeting with mobile phone operators, internet service providers, and residents of B...
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