S. Korea grants Cambodia US$700 million loan for 10 development projects
South Korea has agreed to grant an additional loan of US$700 million to Cambodia for 10 development projects for implementation from 2019 to 2023, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. During his meeting with Cambodian citizens in South Korea on 3 February 2020, Samdech Hun Sen said that from 1996 to […]
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Cambodia construction sector to slow down in 2020, say experts
Despite ongoing GDP growth, local leading real estate analysts foresee that the construction sector in Cambodia will see a slight slowdown in 2020 due to three significant factors. Given the current economic situation, experts came up with three primary factors being the causes of a real estate slowdown in the kingdom including the outbreak of […]
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Battambang Municipality enhances infrastructure along Sangke River to boost tourism
The Battambang Provincial Administration is currently enhancing the overall infrastructure within the province, especially area along the Sangke River, with the aim to boost tourism within the province as well as to be ready for hosting the 6th River Festival from 13 to 15 March 2020. Battambang Provincial Governor H.E. Nguon Ratanak said the project […]
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Renovation of the Angkor Grand Circuit Road to be completed in March
The renovation of the Grand Circuit road by the Apsara Authority in Siem Reap province is scheduled to be completed in March, marking a key infrastructure improvement in the province. According to the Apsara Authority’s report, the renovation project has a total length of 2,476 metres, which is divided into two sections. The first section […]
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Cambodia’s largest Ferris wheel to open in Siem Reap in March
The multi-million-dollar project for Cambodia’s largest Ferris in Siem Reap province is moving to completion and with the attraction scheduled to open for operation on 1 March this year, marking another significant achievement to boost tourism in the province, according to the Department of Tourism of Siem Reap Province. Located in Box Ville, Krous Village, […]
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Phnom Penh to build new tourist sidewalk along the riverside
Phnom Penh Municipality plans to build a new tourist sidewalk along the riverside from the area in front of Cambodia Post to the Royal Palace, to solve the congestion caused by several construction projects nearby, as well as to boost the city’s tourism. According to a report from the municipality, the whole project also includes […]
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Expansion of National Road 2 and 22 to begin in February
The multimillion-dollar expansion of National Road No.2 and No. 22, is scheduled to break ground in February, after many years of planning. The groundbreaking ceremony will be presided over by Prime Minister Samdech Hun Sen. According to the Ministry of Public Works and Transport (MPWT), the restoration section of National Road No.2 covers a total […]
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PropertyGuru Group announces timeline of the 2020 Cambodia Property Awards
One of Asia’s leading property technology firms PropertyGuru Group held a press conference on 30 January to announce the timeline for the fifth annual PropertyGuru Cambodia Property Awards 2020. According to the announcement, the PropertyGuru Property Awards Cambodia 2020 application has been open since 16 December 2019 and is scheduled to be closed on 27 […]
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PM Hun Sen: Coronavirus outbreak affects Cambodia’s property sector
Prime Minister Samdech Hun Sen and local real estate experts have expressed concern that the coronavirus outbreak could negatively impact Cambodia’s property sector, especially the hotel business, and even possibly reduce new investment if the outbreak prolongs. During the PM’s first official speech regarding the coronavirus situation in Cambodia on 30 January, Samdech Hun Sen […]
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Thai firm to invest in electronic component manufacturing project in Pursat province
Thai firm –Precise Electric Manufacturing Co Ltd—a subsidiary of Bangkok-based Precise Corporation, has unveiled its investment plan to establish an electronic compliance factory in Krakor district, Pursat province. Pursat governor Mao Thonin said on 29 January that the company has asked for support from Pursat Provincial Hall on the project to ease the implementation procedures. […]
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Foundations complete on first Fairfield by Marriott Hotel in Cambodia, expected to open by 2022
Foundations on the first Fairfield by Marriott international hotel project in Cambodia have been completed with the hotel expected to open in early 2022. According to Mr Ken Nhan, Director of New Business Development of Chip Mong Group, the company in charge of the project, the construction process has been going smoothly and will be […]
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Regulated sand mining poses no threat to the riverbank says Mines Ministry
The Ministry of Mines and Energy condemned a recent report regarding the potential of the Mekong riverbank collapsing due to excessive sand mining, arguing that the mining volume in Cambodia is remarkably low and under strict technical regulation. The condemnation comes in response to research done by the University of Southampton, which discovered that the […]
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