More than 50,000 hectares in two sanctuaries registered as state land
The Royal Government has announced its intention to register 50,000 hectares of state land in two wildlife sanctuaries – Peam Krasaop Wildlife Sanctuary in Koh Kong and Phnum Prech Wildlife Sanctuary in Mundolkirri. According to a press release from the Ministry of Environment on 11 April 2020, the main purpose of this State Land Registration […]
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1 million ounces of gold expected from Okvau, says Ministry of Mines
A senior official of the Ministry of Mines and Energy said that Cambodia expected to extract nearly 1 million ounces of goal based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. The statement was made by H.E. Yous Monyrath, Director General of Mines in […]
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Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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CBRE: Landed property sale prices to remain robust by mid-2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the […]
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. “To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district […]
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EU Grants US$14 Million for Bakheng Water Facility
The European Investment Bank (EIB) secured a EUR 12.7 million (approximately US$13.9 million) grant from the European Union for the construction of the Bakheng Water Treatment Plant and 500 kilometres of water distribution network in the Cambodian capital, Phnom Penh. The infrastructure will bring safe, drinking water and improve quality of living for 700,000 people […]
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COVID-19 poses challenge for extraction of Cambodia’s first oil
The impact of COVID-19 on the first oil extraction in Cambodia will be discussed and evaluated further after the virus crisis has ceased, said H.E Cheab Sour, Director General of the Department of Petroleum, at a press conference on the progress and continued working direction of the Ministry of Mines and Energy on the morning […]
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Hyundai Engineering wins US$164m bid to build third AEON Mall
Hyundai Engineering of South Korea has won a US$164 million project to build the third AEON Mall in Cambodia, according to a Hyundai staff member quoted in the Korea IT TIMES on 19 April 2020. This project is to build a five-story shopping centre and parking facility on a total area of 174,000 square meters […]
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ACF Council Meeting postponed, CCA business networking unlikely to happen
The ASEAN Constructors Federation (ACF) Council Meeting has been postponed due to the current COVID-19 pandemic while the Cambodia Constructors Association (CCA) is unlikely to host its annual business networking event. ACF Council Meeting is an annual meeting that provides the opportunity its members including, Cambodia represent by the CCA, to share information on the […]
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Construction on Road 146 commences in Sihanoukville
Construction on Road 146 started on 17 April 2020 under the technical supervision by H.E Sun Chanthol, Minister of Public Works and Transport (MPWT). The construction project is being implemented by China Road & Bridge Corporation Co.Ltd (CRBC) spending US$S76 million of a US$100 million national budget and is projected to take about 28 months […]
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IMF: Cambodia’s GDP growth to slow down to minus 1.5% in 2020
Cambodia’s Gross Domestic Product (GDP) growth is projected to slow down to -1.5% as the decline in tourist arrivals and the impact on the garment industry resulting from the outbreak of the COVID-19 pandemic in the country. This statement was made during an interview in the Asia and Pacific Department Press Briefing with Mr Changyong […]
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New flood prevention and drainage improvement projects ready for the rainy season
Three flood prevention and drainage improvement projects in three areas including Wat Phnom and Toul Kork drainage projects and a riverside water storage project are in process to prepare for the upcoming rainy season. On April 17, 2020, H.E. Mr MIKAMI Masahiro, Japanese Ambassador in Cambodia, released a short video on the Japanese Embassy in […]
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