China Pledges to End Foreign Coal Financing

China has pledged to end the financing of coal-fired power plants abroad and turn its support to green energy, according to US consultant Global Energy Monitor (GEM). Speaking at the UN General Assembly recently, Chinese president Xi Jinping said China would “step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects...

Read More

New National COVID-19 Treatment Hospital Set for Koh Kong Province

A new national COVID-19 treatment hospital will be built in Koh Kong province with the ground- breaking date set for October 2021. According to the Koh Kong provincial administration on 25 September, the hospital will be built on a total area of 10 hectares and will become a major infrastructure facility to serve the health sector in the province upon completion. The provincial administratio...

Read More

Sihanoukville Land Use Master Plan 2038 Officially Approved

The Ministry of Land Management, Urban Planning and Construction has officially approved the Sihanoukville Land Use Master Plan to 2038 to provide a framework and direction for the effective management and development of Sihanoukville City. According to decision No. 045 dated 08 September 2021, the master plan will help promote urban land use and tourism, industry, logistics, and national and i...

Read More

Construction Starts on New 6-Storey NIE Smart Classroom Building

Construction has officially begun on the new 6-storey smart-classroom building of the National Institute of Education (NIE) thanks to funding by Prime Minister Samdech Hun Sen. The groundbreaking ceremony was held on 23 September and chaired by Minister of Education, Youth and Sports HE Hang Chuon Naron, while the construction is set for completion by late 2023. Equipped with modern faciliti...

Read More

ADB Sets Aside US$1.4bn Loan & US$31.8m Grant Aid for Cambodia in Next 4 Years

The Asia Development of Cambodia (ADB) have prepared over US$1.49 billion in concessional loans and US$31.8 million in grant aids for Cambodia in the next four years from 2021 to 2024. According to the ADB’s press release last week, both concessional loans and grant aids aim to support Cambodia’s economic development and recovery from the COVID-19 pandemic. Regarding the public debt in Cambo...

Read More

Experts to Discuss Impacts of Hazardous Construction Materials in Cambodia

The EuroCham partnered with Union Aid Abroad - APHEDA will host a virtual conference addressing “Impacts of the Hazardous Construction Materials” on Monday 27 September. The webinar session will gather leading real estate & construction experts and professionals to share knowledge and the most up-to-date know-how experiences within the sector. The speakers include Managing Director at Ar...

Read More

NagaCorp to Start Superstructure Work on NagaWorld 3 in 2023

NagaCorp said that the superstructure works of NagaWorld 3 in Phnom Penh, Cambodia will start in the first semester of 2023, after the construction site preparation was begun in 2018. According to the firm’s 2021 interim report released on 20 September, to date, the design development work is ongoing and is on schedule for the completion of the drawings and for the super-structure construction ...

Read More

NR5 Battambang-Serey Sophorn Section Opened for Public Usage Today

The National Road 5 Battambang-Serey Sophorn section and Battambang city detour highway have been opened for public usage from today onward after construction was completed. Meanwhile, the other three sections are on track for completion by 2022, 2023 and 2024, respectively. According to the Ministry of Public Works and Transport (MPWT), the remaining sections that are under construction inc...

Read More

MPWT Institute Partners with CLA to Strengthen Cambodia Logistics & Transport Sector

The Techo Sen Institute of Public Works and Transport (MPWT Institute) and the Cambodian Logistics Association (CLA) have inked a partnership deal to strengthen the quality of students and solve the shortage of technical experts in Cambodia. The Memorandum of Understanding was signed between the two parties on Thursday 23 September 2021. Under this cooperation, the two parties will jointly o...

Read More

Pan Pacific Hotels Group to Open Branches in Phnom Penh & Siem Reap in 2023

Singapore-headquartered Pan Pacific Hotels Group will enter the Cambodia market in 2023, with one hotel scheduled to open in Phnom Penh and another in Siem Reap city. According to the group press release on 22 September, the group will open Pan Pacific for Phnom Penh, and PARKROYAL for Siem Reap. The 212-room Pan Pacific Phnom Penh will be situated centrally on the bustling Norodom Boulevard...

Read More

ADB Lowers 2021 Cambodia Growth Forecast to 1.9%, Jumping Back to 5.5% in 2022

The Asian Development Bank (ADB) has lowered the 2021 Cambodia economic growth forecast from 4% to 1.9% but expects to see a 5.5% to the growth rate in 2022. According to the Asian Development Outlook Update (ADOU) 2021 report, the main factors causing the lower growth rate are the prolonged pandemic, closures and temporary shutdowns which affected domestic demand services, and the garment sect...

Read More

New Public Beach Resort Development Proposed for Kampot Province

The Kampot Provincial Administration has given an initial green light to the proposal of developing a new beach resort along the Kampong Bay River but ordered the investment firm to submit a full report for approval before reaching the investment agreement signing stage. Kampot Governor HE Cheav Tay expressed his support for the project after inspecting the actual site on Monday 20 September. ...

Read More