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ខ្មែរ 
ADB Provides US$82-million Loan to Upgrade Roads in Prey Veng & Kandal Provinces
- 30 September 2021
The Asian Development Bank (ADB) has approved an US$82 million loan to rehabilitate 48km of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor. According to a press release issued on 29 September, the project will also help the Ministry of Public Works and Transport improve road asset ...
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Construction Begins on US$130 million Koh Tonsay Development
- 29 September 2021
Construction has begun on the US$130-million mix-used development project on over 140 hectares of land in Koh Tonsay in Kep province by the Try Pheap Group. The deputy governor of Kep province said on 29 September that construction began on 22 September as the company's team had already transported equipment and construction materials to the island. After receiving an investment license from...
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World Bank, IMF forecast Cambodia’s 2021economic growth at 2.2%, approx. 4-5% for 2022
- 29 September 2021
The World Bank (WB) and the International Monetary Fund (IMF) have recently lowered Cambodia's economic growth forecast in 2021 to only 2.2% but predicted that the rate will rebound to 4.5 to 5% in 2022. According to a World Bank report, the 2.2% is the drop from a 4% forecast in April 2021 due to the fact that the country is suffering from a new wave of Delta variant. The lower growth is al...
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WTM: Cambodia’s Accusation of Oil Theft Without Foundation; Vessel Under No Obligation to Return
- 29 September 2021
World Tankers Management (WTM), the firm managing the alleged missing oil ship, released a statement on Monday that Cambodia's accusation of theft was without foundation, and the vessel was under no obligation to return to Cambodia as requested by the government. As reported in Nikkei Asia on 28 September, the firm said that the question of who owns the oil has yet to be resolved. KrisEnergy ha...
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MPWT to Launch Training Campaign for Officials on New Port EDI System in November
- 29 September 2021
The Ministry of Public Works and Transport (MPWT) will launch a campaign to train relevant officials on how to use the new electronic data exchange system known as Port EDI in mid-November 2021. Secretary of State of the MPWT HE Ros Vanna said during the meeting on Tuesday 28 September that the first Port EDI training will be conducted for customs and excise officials, port officials, and other...
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GDT Extends Property Tax Payment Deadline to End of October
- 29 September 2021
The General Department of Taxation (GDT) has extended the deadline for property tax payment for 2021 from 30 September to 31 October 2021. According to the announcement issued on 28 September 2021, this extension is to give more time to many property owners who have not yet declared their tax. GDT also urged those who have not paid their tax to do so to avoid fines and punishment in accordan...
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With First 4 Phases Sold Out in Pandemic, Urban Village Triumphs at Asia Pacific Property Awards 2021-2022
- 29 September 2021
Urban Village and Factory Phnom Penh, the biggest mixed-use Hong Kong-standard development in Cambodia, has once again surprised the leading real estate players in the region by scoring two prestigious awards at the Asia Pacific Property Awards 2021-2022 organized by the International Property Awards, according to co-founders, Ms. Catherine Chan and Dr. Ben Li. Urban Village is the best-selling...
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Japan’s Mitsubishi Invests in Building SEA’s Biggest Onshore Wind Power Plant
- 28 September 2021
Japan’s Mitsubishi Corp has purchased 24% in a 600-MW onshore wind farm project in Laos through its subsidiary Hong Kong-based Imperial Energy Asia Development Ltd (IEAD). The development activities of the project will start next year and are to be built in a southern Laos province. Power generation is set to start in 2025. Imperial Energy Asia Development Ltd (IEAD) will develop the project...
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JICA’s Phnom Penh Flood Protection Phase 4 Completed, Officially Put into Use
- 28 September 2021
Phnom Penh Flood Protection and Drainage Improvement Project Phase 4 which was built under a Japanese grant aid of US$36 million, was completed and officially put into use on 17 September. Though equipped with the new flood protection system, Phnom Penh city can be still at risk of flooding during the heavy rainy reason if residents do not stop littering on the streets, as rubbish is the main c...
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Ford, SK Innovations Co-Invest US$11.4 billion to Build Enormous Electric Vehicle Factories
- 28 September 2021
Ford Motor Co. and South Korea-based energy company SK Innovations are co-investing US$11.4 billion to build two new enormous manufacturing campuses for electric vehicles, reported CNN on 27 September. Ford plans to share US$7 billion in the investment, which is part of its mega US$30 billion spending toward its shift to building more electric vehicles until 2025. Ford expects 40% of its sales ...
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Mineral Resources in Ratanakkiri ‘s Oyadao District Sufficient for Gold Mining, says Indian Research
- 28 September 2021
Indian-owned Mesco Gold (Cambodia), which has been licensed to conduct exploration for mine in Ratanakkiri province's Oyadao district, has announced that the amount of mineral resources in the designated area is high enough to set up a gold refinery in the future. HE Eung Dipola, Director General of the General Department of Mineral Resources, Ministry of Mines and Energy, said on Monday 27 Sep...
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Cambodia Mines Over 555kg of Gold in 3 Months; 355kg Exported for Purification
- 28 September 2021
Renaissance Minerals (Cambodia) Limited has refined a total of 48 gold bars, or equivalent to approximately 555 kg as of 27 September, after three months of operation in O'Khvav area, Keo Seima district, Mondulkiri province. A report from the Ministry of Mines and Energy shows that the company has to date exported 34 gold bars, equivalent to 355 kg, to Australia for purification. HE Eung Dip...
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