Siem Reap to Provide Homeless with Shelter, Increased Access to Resources

The Siem Reap provincial administration plans to relocate all homeless people and beggars scattered around Siem Reap town to live in the Phnom Changkarn Roi area in Varin district, where the authorities will soon build decent housing with proper infrastructure and allowing for small scale agriculture. Siem Reap Deputy Governor Nak Neron said during the site inspection on Thursday 29 July that t...

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Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure

Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company's revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The pandemic has impacted the industry and society as...

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OECD: Cambodia’s Logistics System Needs Reform to Increase Competitiveness

Cambodia's logistic system in recent years has grown significantly but is still inadequate and limited due to high costs and the complexity of laws and regulations, according to OECD’s recent report which argued that reform is required to increase competitiveness. The report added that logistics prices in Cambodia are relatively high compared to other ASEAN countries such as Thailand and Vietna...

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MPWT, Japan Accelerate Work on East Siem Reap Smart City Master Plan

The Ministry of Public Works and Transport (MPWT) and the Japan Ministry of Transport held an online meeting on Thursday 29 July to discuss the initial feasibility study result of the east Siem Reap smart city master plan and wastewater treatment and sanitation system enhancement project. The discussion was chaired by MPWT Under Secretary of State HE Kem Borey and attended by the Ministry of Tr...

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US$160 million Morodok Techo Stadium Set for Final Completion in August

The construction of the Chinese-funded US$160 million Morodok Techo Stadium has been 100% completed with only some decorating and gardening works remaining. Secretary-General of the National Olympic Committee of Cambodia Vath Chamroeun said that the general construction, seat installation, lighting and sound systems are all complete. The remaining outside decoration work will be completed by...

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Construction of 60mW Solar Power Station in Kampong Chhnang to Begin Next Year

Construction of a 60-mW solar power plant in Kampong Chhnang province will begin early next year, according to the Ministry of Mines and Energy. The project received a concession loan from the Asian Development Bank under the Cambodia National Solar Park project. It is the first phase of the Cambodia National Solar Park project, with the second phase of a 40-mW project in the bidding stage. ...

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Kingdom’s First Wind Power Project Stuck in Tariff Negotiations

Cambodia’s first wind power investment project in Bokor tariff negotiation process is experiencing delays with Electricite du Cambodge (EDC) since mid-2020 as the government seeking lower cost. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said that the wind power study project has been completed, but the construction has yet to begin as the firm has not reache...

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Regional Commercial Real Estate Investment Begins to Recover in H1

Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June 2021 were just 6% lower than the amount dur...

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Number of Construction Projects, Value & Area in H1 Dropped by 11.4% 34.3% & 29.9% Respectively

The number of construction projects, the investment value, and total area approved in H1 2021 have decreased by 11.4%, 34.3%, and 29.9% respectively, compared to the same period last year, according to a recent report from the National Bank of Cambodia (NBC) The report added that the drop predominantly stems from the slowdown in tourism and commercial construction projects. Meanwhile, import...

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Laws on Payment Guarantee for Four Large-Scale Energy Projects Promulgated

His Majesty the King of Cambodia has signed and officially promulgated four new laws securing that the government will make payments as agreed to three private firms for investing in four large-scale energy-related projects. The first and second laws are made for SchneiTec Co Ltd for developing a 500 kV transmission line from Battambang to the Cambodian-Thai border, and a 500 kV transmission li...

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Construction of 700-megawatt Coal-Fired Power Plant in Koh Kong 10% Complete

Construction on the US$1.1-billion 700-megawatt coal-fired power plant in Koh Kong province has been approximately 10%, completed according to a senior official at the Ministry of Mines and Energy. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said on Wednesday 28 July that the construction project has seemly been behind the schedule, so the company still has a...

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Gov’t Locks Down 8 Provinces, Implements Nationwide Curfew, & Suspends Risky Business to Prevent Delta Variant Spread

Cambodia Prime Minister Hun Sen last night issued a new order to all provinces to implement stricter measures as Cambodia is vulnerable to large-scale infection of the Delta variant. The new measures will be implemented from the night of July 29 to August 12, which include: -Imposing a curfew from 9 pm to 3 am for Phnom Penh and all provinces, with some exceptions -Locking down 8 province...

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