Three New Factories Worth Nearly US$10 million Approved for Phnom Penh, Kandal, Kampong Speu
Sen Sok, Angk Snuol and Samraong Tong districts have attracted three new factory investment projects respectively approved by the Council for the Development of Cambodia (CDC) worth a total of US$9.6 million. The first investment is a garment factory located in Sen Sok in Phnom Penh worth US$4.5 million and an invested by Ruixue (Cambodia) Co., Ltd. Meanwhile, the second project is a US$2.6-...
Read MoreTransport Ministry to Adapt AI technology into Traffic Control System on NR5 after Upgrade
The Ministry of Public Works and Transport (MPWT) is planning to utilise AI technology to manage a traffic system, especially to monitor overweight trucks along NR5 after the upgrade, according to the official meeting between MPWT and the private firm responsible for the NR5 renovation project on 28 May. The new technology is known as the AI Camera and Weigh-in Motion Sensor Centralised Databas...
Read MoreConstruction of NR3 Almost 100% Complete
The National Road 3 (NR3) renovation project from Chom Chao roundabout to Kampot city has been 98.04% completed, with only a small amount of work remaining, according to the Ministry of Public Works and Transport (MPWT) recently. The construction team is currently speeding up work installing speed cameras, security cameras, and underground automatic weighing stations, among others. Meanwhile...
Read MorePlan to build National Assembly’s new admin building takes another step forward
Plan to construct a new US$25-million Vietnamese-funded National Assembly’s administration building proposed since 2017 has taken another step forward, as the government is now reviewing the contract between construction contractors, according to the General Secretariat of the National Assembly’s meeting yesterday. The meeting was held between the General Secretariat of the National Assembly an...
Read MoreHLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule provided in the sale and purchase agreement (SPA), which will be acce...
Read MoreCambodian Government Encourages More Affordable Housing Development
The Cambodian government is urging both domestic and foreign investors to develop more affordable housing in Cambodia in response to increasing demand. HE Benghong Socheat Khemro, Director General of the General Department of Housing of the Ministry of Land Management, Urban Planning and Construction (MLMUPC), said that the government has set out a housing national policy focusing on providing ...
Read MoreBattambang Authorities Pledge to Strengthen Crackdowns on State Land Encroachments
The Battambang provincial administration has pledged to closely work with relevant officers to strengthen the crackdown on state land encroachments, especially in the mangrove forest area, according to an officials’ meeting on 27 May. During the meeting, Battambang Governor HE Nguon Rattanak said that the provincial administration has thus far prevented and taken action against plenty of cases....
Read MoreGov’t Mulls Including Sewage & Wastewater Treatment Fees in Water Bills
The Ministry of Public Works and Transport (MPWT) is considering including the sewage and wastewater treatment services fee into monthly water bills, perceiving it as a mechanism to help responsible companies maintain sufficient funds to upgrade and manage sewage system more effectively. This is according to the 4th progress discussion on the project between MPWT and relevant officials on 26 Ma...
Read MoreConstruction of 14-Storey Information Ministry Building 70% Complete
Construction of a new 14-storey building of the Ministry of Information is over 70% complete and is set for full completion by early 2022, according to the site inspection by Minister of Information HE Khieu Kanharith yesterday. Located inside the Ministry of Information along Monivong Blvd., this new building has 14 floors, is 65 metres tall, and 14 metres wide, with more than 300 working room...
Read MoreReal Estate Agency, Financial Firm Collaborating to Create Joint Property & Credit Evaluation System
Vtrust Appraisal and Credit Bureau Cambodia (CBC) have inked a deal integrating databases for the real estate evaluation system and the consumer credit system, to form an inclusive digital network for quicker and more efficient property SP & loan transactions. According to Z1 News, the MoU was signed yesterday via Zoom by Vtrust Appraisal Chairman Vong Sokhal and CBC CEO Oeur Sothearoath. ...
Read MoreCambodia Gold Mining Set for Late 2021
Renaissance Minerals (Cambodia) has set a goal to extract gold mine in its licensed location in Mondulkiri province by late 2021, as the firm is accelerating preparation procedures. Director-General of Mines at Ministry of Mines and Energy HE Yos Monirath said that the mine extraction will be made from one shaft at a depth of 100m. The extracted gold ore will be shipped to foreign countries ...
Read More17 Families Affected by SR 38-Road Project Receive New Land Plots
17 families in Thlok Andong village affected by the Siem Reap 38-road project have volunteered to move to the newly-arrange plots of land in Banteay Srei district, according to the Siem Reap provincial administration on 26 May. The same source added that 17 out of the 19 families living in the middle of the construction site in Thlok Andong village in Slor Kram commune will soon demolish their ...
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