Evolutions of Retail Sector as Cambodia is increasingly digitally connected
Cambodia has reached over 20 million mobile phone subscribers by the Year 2020, most of which used smartphones. As Cambodia’s digital infrastructure continues to improve, this will release the untapped potentials in the ‘mobile internet-users market. The growing number of mobile phone subscribers using smartphones can eventually be translated directly into the markets of advertising and sales s...
Read MoreThird Bakheng Water Treatment Plant Proposed
ambodia has requested France to consider investing or providing financial support for building a third Bakheng water treatment plant in response to the growing clean water demand in Phnom Penh. The proposal was made during a meeting between the Minister of Industry, Science, Technology and Innovation (MISTI) HE Cham Prasidh, and French Ambassador to Cambodia HE Eva Nguyen Binh, during a farewel...
Read MoreInter-Ministerial Committee Established to Accelerate Sihanoukville Multi-Purpose SEZ Plan
The Cambodian government has issued a sub-decree establishing a new inter-ministerial committee, with the designated tasks of creating policies and land management plans to develop Sihanoukville into a multi-purpose special economic zone as soon as possible. According to Sub-Decree No. 82 issued on 09 June 2021, the committee has a total of 25 members, with the Minister of Land Management, Urba...
Read MoreMPWT Intends to Promote Green Logistic Policy in Cambodia
The Ministry of Public Works and Transport (MPWT) is committed to learning from the upcoming International Transport Forum (ITF) on how to effectively implement green policies, such as the usage of electric vehicles, in Cambodia. MPWT Minister HE Sun Chanthol made the declaration during a meeting with the Secretary-General of the International Transport Forum (ITF) Young Tae Kim on Thursday 10 ...
Read MoreHLH, Hei Shi Mineral to Co-Invest US$20 million in Mineral Resource Exploration in Kampong Speu
Hong Lai Huat (HLH) Group’s wholly owned subsidiary HLH Agriculture (Cambodia) signed an MOU with Cambodia Hei Shi Mineral on 08 June to co-invest an estimated US$20 million in mineral resource exploration and mining at the Agriculture Hub in Kampong Speu, reported The Edge Singapore. According to the 10-year MoU with a renewal option, both parties will establish a joint venture (JV) where HLH ...
Read MoreCambodia’s First Industrial Gold Mine Officially Operational, Expected to Produce 3 Tons Per Year
Cambodian Prime Minister Samdech Hun Sen has announced that Cambodia’s first industrial gold mining business in Mondulkiri will be officially operational from 21 June onwards, marking another major achievement for Cambodia. Located in Okvau, Kaew Seima district in Mondulkiri province, this industrial gold mining business is operated by Renaissance Minerals (Cambodia) Limited, where the firm has...
Read MoreAustralia Provides US$900,000 Grant for Cambodia’s Off Electrification Project
The Australian government has provided grant aid of US$900,000 to Cambodia for the development of an off-grid electrification project. The grant agreement was signed by Secretary of State of Ministry of Mines and Energy HE Ty Norin and Australian Charge d’Affaires Luke Arnold on 9 June. The grant is 1.2 million Australian Dollars (approximately $920,000) and will be used for the implementati...
Read MoreConstruction of Steung Treng Water Treatment Plant 90% Complete
The construction of the ADB-funded water treatment plant in Steung Treng Province is 90% complete and is scheduled to go online by the end of 2022. Deputy Director of the Urban Water Supply Project Sorn Chanthy said on 09 June that the instalment of the main pipe is over 35% complete, while the team is speeding up the work. He added the water will be supplied to the people in Steung Treng ci...
Read MoreCVEA Intends to Standardise & Systemise Sales Agents Nationwide
Senior members of the Cambodian Valuers and Estate Agents Association (CVEA) are considering opening a university to train all real estate agents nationwide and also planning to integrate all agents into a single management system. The proposal was made after the association discovered that the majority of investors do not trust Cambodia’s sales agents due to their lack of knowledge and proper ...
Read MoreLarge-Scale Fishery Research Centre in Steung Treng Set for Completion in October
The construction of a large-scale fish hatchery research and production centre in Stung Treng province is scheduled for completion in October, according to the Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon on Wednesday 09 June. Being built on over 10 hectares of land, the project is located in Ba Deum village, Sam Khuy commune in Sesan district. This research centre is a part o...
Read MoreLocal Experts Share Two Key Strategies for Sustainable Real Estate Market Development
Real estate experts have suggested that for long-term and sustainable development of the real estate market, all related firms should not only focus on improving the quality of their own sales agents but also consider educating their customers. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat the main issue in the Cambodian market now is the poor-quality sa...
Read MoreOil Production Continues Despite Driller Announcing Liquidation, Says Mines Ministry Spokesman
The Ministry of Mines and Energy has confirmed that KrisEnergy (Cambodia) still continues its oil drilling operation as normal despite the parent company KrisEnergy recently announcing its liquidation due to its inability to pay debts. HE Cheap Sour, General Director of Petroleum at the Ministry of Mines and Energy, confirmed that KrisEnergy (Cambodia) is still in operation. The firm is expecte...
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