Hyatt Regency hotel Phnom Penh 90 percent complete, expected to open by this year
Construction of Cambodia’s first Hyatt Regency Hotel in downtown Phnom Penh is currently 90 percent completed and is on schedule to open by the year 2020. An executive staff responsible for this project told Construction & Property Magazine that the project is going well following the schedule. After completing the building structure in April last […]
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Cambodia’s first oil production expected in mid-2020
The first drop of oil to be extracted from Cambodia’s offshore oil field territory is closer to reality as the responsible firm KrisEnergy recently cut the first steel for the Apsara oil platform. According to a press release from KrisEnergy Ltd, the first steel cutting ceremony was held to mark the significant completion progress of […]
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Ground broken on new MLMUPC building in Sen Sok
The ground was broken on the new Ministry of Land Management, Urban Planning, and Construction (MLMUPC) headquarters in Sen Sok district on the morning of 28 January, which will replace the current building on Monivong Boulevard. Located in Khmuonh commune, Sen Sok district, in the northern area of Phnom Penh, the new five-storey building will […]
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MLMUPC committee ordered 23 buildings demolished in Sihanoukville in 2019
By the end of 2019, the Construction Review Committee had ordered the demolition of 23 buildings under construction in Sihanoukville due to their inadequate quality. The Construction Review Committee was established by the Ministry of Land Management, Urban Planning and Construction (MLMUPC) in response to the July 2019 collapse of the 7-storey building in Sihanoukville […]
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Sihanoukville International Airport runway extension completed in mid-2020
Construction of the runway extension at Sihanoukville International Airport from 2,500 metres to 3,300 metres is expected to be completed on time around mid-2020 to cater for consecutive increases in passenger traffic at the facility. Khek Norinda, Director of Communication and Public Relations at Cambodia Airports which manages three international airports in Cambodia, said that […]
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Installation of Siem Reap sewage system over 80% complete
The installation of Siem Reap’s new sewage system is now more than 80% complete with the plan for it to be ready prior to the next rainy season. According to a report by the Ministry of Public Works and Transport, as of 19 January 2020, 3,019 meters or about 81.59% of the project has been […]
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Industry Ministry urges Japanese to invest in clean water supplies
The Ministry of Industry and Handicrafts has encouraged Japanese investors to invest in the clean water sector in Cambodia to increase access to sustainable clean water services for all citizens as soon as possible. Investment in the clean water sector will partly contribute to the government’s policy to connect 100% of urban and rural areas […]
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Property-based tax revenue more than doubles in 2019
Stamp duty and property rental tax revenue for 2019 increased more than 111%, compared to 2018, according to a report by the General Department of Taxation. According to a statement released on 21 January, the General Department of Taxation in 2019 collected total tax revenue of more than US$2.8 billion, exceeding the initial plan by […]
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Ministries vow to resolve stamp tax jam
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General […]
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Chinese developer pledges continued investment in Cambodia
China-based property developer Prince Real Estate Group (Cambodia) has pledged to continue investing in the Cambodia real estate market in 2020, after investing billions of dollars in more than ten projects in Cambodia last year. The ten major projects by Prince Real Estate Group in 2019 cover a total area of 1,876 hectares nationwide; six […]
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Malaysian firm to invest US$20million in Bavet solar power plant
Astoria Solar Farm Sdn Bhd (ASF), a subsidiary of leading Malaysian integrated electrical power technology company Pestech, has recently announced its plan to invest US$20 million in a solar farm project in Bavet city, Svay Rieng province, after acquiring a stake from a local Cambodian company. According to a press release from the firm, ASF […]
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Phnom Penh to have priority bus lane by October
Phnom Penh Municipality has recently announced its plan to launch a priority public bus lane on Monivong Boulevard in October, with the aim of reducing traffic congestion as well as to improve the city’s infrastructure system. The announcement was made on 17 January during a meeting between Phnom Penh Governor H.E Khoung Sreng, together with […]
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