Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
Malaysia's MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia's three major airports: Phnom Penh, Siem Reap and Sihanoukville airports. ...
Read MoreWorldBridge Sport Village Project Launched, Set for Completion in 2023
Sales for a large-scale commercial building and residential project “WorldBridge Sport Village” have officially been opened, while construction is set for completion by 2023 when Cambodia hosts the SEA games. The project is spread over 6 hectares next to Morodok Techo Stadium north of Phnom Penh, or in the so-called Samdech Techo Hun Sen Dragon City. Invested in by a subsidiary of the WorldB...
Read MoreVietnam Plans to Build Over 9,000km of Expressways by 2050
Vietnam’s Transport Minister Nguyen Van The has said the nation is striving to build a total of 5,000km of expressways by 2030 and over 9,000km by 2050, according to Vietnam Plus. The ministry’s report issued last month revealed that Vietnam currently has a total of 1,046km of expressways in operation. The ministry is also currently building an additional 900km. Given this current amount, ex...
Read MoreLarge-Scale Infrastructure Renovations in Siem Reap and Sihanoukville Part of Tourism Recovery Roadmap
The government earlier this week approved the Roadmap on Cambodia's Tourism Restoration Plan, of which the large-scale infrastructure renovations in Sihanoukville and Siem Reap are the most crucial drivers in attracting more tourists after the pandemic subsides. The road map is divided into three stages. The first and the most important is the rehabilitation of tourism through public investment...
Read MoreMalaysia Compensates Singapore US$76million After Cancelling KL-Singapore HSR
Malaysia has compensated Singapore over US$76 million after terminating the KL-Singapore High-Speed Railway (HSR) project, according to CNA on 29 March. The project was officially abandoned in early January 2021 due to disagreements between the two governments, especially over high costs and Malaysia’s political issues. (Read more) However, Singapore had already signed and published five ten...
Read MoreCentury Entertainment Hopes to Open Large Koh Kong Casino by late April After Delays
Hong Kong-based casino operator Century Entertainment International Holdings Ltd hopes to open its casino at a new venue in Dara Sakor district in Koh Kong province by late April after delays due to the COVID-19 pandemic, reported IAG. According to the initial plan, the casino was set to open start operations by February after finishing the relocation procedure from Sihanoukville. However, due ...
Read MoreApsara Authority Warns Locals to Stop Land Selling Transactions in Angkor Protected Area
The Apsara Authority has repeatedly warned the public to immediately cease any land buying and selling transactions in the Angkor heritage protected site or face legal action. The Authority issued the warning letter on 01 April after discovering a Facebook page posting contents selling land plots in the Angkor protected area. “The purchase and sale of land in the Angkor area are prohibited a...
Read MoreApsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field started production from a single well, A-01D,...
Read MoreProperty Title QR Code Scanning Service Back Online After Temporary Suspension
The Ministry of Land Management, Urban Planning and Construction announced yesterday that the property title QR code scanning system is back online after a temporary suspension for two weeks. According to the ministry announcement, the technical team has already re-programmed the system. Thus, the service will be easier and smoother than before. (Read more) The QR code scan application was l...
Read MoreConstruction of Mondulkiri Airport Moved to 2023, Prelim Study Completed
Construction of the Mondulkiri airport is expected to begin in 2023 as the investment firm will take at least one full year to conduct a comprehensive study on the recently-completed preliminary study, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman. SSCA spokesman Sin Chansereyvutha said this morning that although the preliminary report has been completed, there are oth...
Read MoreBentley Systems Calls for Nominations for the 2021 Going Digital Awards in Infrastructure
The world’s leading infrastructure engineering software company Bentley Systems has announced its call for nominations for the 2021 Going Digital Awards in Infrastructure program. Formerly known as the Year in Infrastructure Awards, this global awards program recognises infrastructure projects for digital innovations that improve project delivery and/or asset performance. The deadline for nomin...
Read MoreRehabilitation of 29 Flood-Damaged Phnom Penh Roads Over 50% complete
The rehabilitation of 29 flood-damaged roads across Phnom Penh is now over 50% complete, of which 16 of them have successfully been repaired and repaved. According to the Phnom Penh Municipality, as of March 28, the working group had completed paving many roads around the ‘Gun’ roundabout (Old Stadium). The team is now paving Street 47, starting from the roundabout to Wat Phnom in Daun Penh dis...
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