Gov’t will not cut infrastructure spending
The Cambodian government is excluding funding for building and restoring infrastructure from its COVID-19 budget cuts. According to the government announcement, the 2020 fiscal budget cut is being implemented to save money for economic recovery, which has been hit hard by the pandemic. The budget gained expenditure cutting will be used as a subsidy fund […]
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Cambodia’s loan demand rose by 20.7% in H1, 28.8% of which from construction and property sector
Bank loan demand in Cambodia rose by 20.7% to US$26.7 billion during the first half of 2020, of which the construction and real estate sector accounted for 28, 8%, according to the biannual report of the National Bank of Cambodia. The report continues that the loans have been given to key sectors and among which […]
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Calmette Hospital US$40 million Multipurpose Building 40% Complete
Construction of the Calmette Hospital multipurpose building is now 40% complete by as scheduled, according to Health Minister HE Dr Mam Bunheng in an interview on BTV on July 07. HE Dr Mam Bunheng said that as the minister of health, he always checks on the infrastructure development of the hospital as well as medical […]
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Ratanakiri Province Now Connected to National Grid
Ratanakiri province can now access the national grid with power was supplied from the Lower Sesan Dam 2 on a 230-kilowatt high-voltage transmission line. Electricity du Cambodge (EDC) officially launched a 230-kilowatt high-voltage transmission line about 102 kilometres from the Sesan Dam 2 in Stung Treng province and a new 230-kilowatt grid substation in Ratanakiri […]
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CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that […]
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Huawei to Expand Smart PV Tech Market in Cambodia
Huawei has signed a partnership with ASEAN’s largest cable technology company to expand the supply of its smart, or new FusionSolar power, in six countries including Cambodia, Indonesia, Laos, Myanmar, the Philippines and Thailand, according to PV magazine on 07 July 2020. The partnership between Huawei and JJ-LAPP, the largest cable technology company in ASEAN, […]
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Two Pedestrian Bridges to be Built on NR 3
The government is planning to construct two pedestrian bridges on National Road 3, one in Takeo province and another in Kampong Speu, to help ease traffic and avoid accidents at the busy market areas, according to an AKP report on 07 July. At a meeting to review the road safety results of H1 and the […]
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Cambodia’s construction investment reached US$4 billion in H1 2020, a 13% increase
Despite the global crisis of Covid-19, Cambodia’s construction investment value in the first half of 2020 has reached nearly US$4 billion, indicating a 13% increase compared to the same period in 2019, according to the data of the Ministry of Land Management, Urban Planning and Construction dated 02 July 2020. According to the same source, […]
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Government Discussing Draft Law on Wastewater and Drainage
The Ministry of Public Works and Transport (MPWT) has held a follow-up meeting and reviewed the decision on the Wastewater and Drainage Draft Law to improve sewage management and wastewater treatment system in Cambodia, according to the official Facebook page of the Ministry of Public Works and Transport. The meeting agreed and decided to amend […]
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Over 290 Hectares of Beoung Ta Mok Land to be Transformed into Military Headquarters
The Cambodian government has allocated more than 290 hectares (2,985,472 square metres) of land on Beoung Ta Mok (or Beoung Khob Srov) to the Ministry of National Defense for its new armed forces headquarters, according to sub-decree dated on 22 June 2020. The sub-decree stated that the Ministry of National Defense is required to study […]
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Government to Strengthen Mineral Resource Management for State Projects
The government is strengthening royalty collections and management of mineral resources used for state infrastructure projects, according to a new inter-ministerial Prakas on 01 July. Signed by HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and HE Suy Sem, Minister of Mines and Energy, the enforcement of this Prakas covers the […]
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Chip Mong land launches five new luxury villas in the Grand Phnom Penh
Chip Mong Land is launching five new luxury villa types in the Grand Phnom Penh project from July 3 – 5, 2020, with up to 8% discount in three days. New types of villas include King’s Villa, Queen II, Queen B II, twin villa II, and hybrid villas A SII, which are all considered the […]
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