Wind Energy in Cambodia Still Under Tariff Negotiations: Mines Ministry
Singapore-based firm The Blue Circle is still negotiating with Electricite du Cambodge (EDC) regarding the tarrif price of energy generated from their wind power plant development in Kampot province. The firm is expecting to reach an agreement and receive a permit from the government soon as they claim to offer the best deal. Chea Sophorn, Development Manager of The Blue Circle, said that th...
Read MoreNew Sub-Decree on Engineers’ Code of Conduct to Help Strengthen Construction Sector
The Ministry of Labour and Vocational Training has been working with the Board of Engineers to accelerate the process of drafting a new sub-decree on an engineers' code of conduct to be completed as soon as possible. According to these two government bodies, the introduction of this sub-decree is one of the essential mechanisms to strengthen the quality of local engineers and to standardise the...
Read MoreMPWT Minister Urges China to Help Train Cambodian Engineers
The Minister of Public Works and Transport HE Sun Chanthol has requested China to send experts to Cambodia to help train local engineers so that they are ready for building large-scale infrastructure in the future. The proposal was made during a bilateral meeting between HE Sun Chanthol and China’s Minister of Transport HE Li Xiaopeng on 22 June. HE Sun Chanthol said that even though Cambodi...
Read MoreKoh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the amortisation and impairment loss made on the intangible assets...
Read MoreMPWT Minster Vows to Speed Up NR2 Renovation Following Slow Progress Complaints
Minister of Public Works and Transport HE Sun Chanthol has promised to push construction firms to speed up work on the NR2 project and following the schedules after receiving many complaints about slow construction progress. HE Sun Chanthol said during a PP-SHV expressway site inspection on 21 June that the ministry is now urging the construction team to build speed up their work, but also to e...
Read MoreUS$5-million Factory Investment Approved for Kampong Speu
The Council for the Development of Cambodia (CDC) officially granted a permit on 21 June to Soki Bag & Accessories (Cambodia) Co., Ltd to invest US$5 million in building a bag factory in Kampong Speu province Located in Prey Pdao village, Trapeang Kong commune, Samrong Tong district, the project is expected to create at 1,300 jobs for Cambodians. From the beginning of 2021 to June 2021, ...
Read MoreCambodia’s First Commercial Gold Mine Officially Goes Online
Renaissance Minerals (Cambodia) officially started production of gold extraction in the Okvoa area of Mondulkiri province on Monday 21 June, marking Cambodia’s first industrial-sized gold mine operation. The official ceremony of the gold extraction was presided over by Minister of Mines and Energy HE Suy Sem. Renaissance Minerals (Cambodia), an Australia-listed Emerald Renaissance subsidiary...
Read MoreTransport Minister: Chroy Chongvar–Svay Chrom Bridge Still Under Study, No Timeline Revealed
The Minister of Public Works and Transport HE Sun Chanthol has confirmed that the Chroy Chongvar–Svay Chrom bridge is still undergoing a feasibility study though the South Korean government has been already agreed to provide financial support for this project. HE Sun Chanthol said during the PP-SHV expressway site inspection on 21 June that at this moment, there is no concrete plan yet as the K...
Read MorePP-SHV Expressway to Be Completed Ahead of Schedule, First Free Ride Trial Set for September 2022
Construction of the Phnom Penh-Sihanoukville Expressway is scheduled to be completed ahead of schedule, changing from the initial date of March 2023 to September 2022, with a free ride trial during the first week or month. Meanwhile, construction is now over 55% complete. Minister of Public Works and Transport HE Sun Chanthol said during an expressway site inspection on 21 June that the ministr...
Read MoreTransport Minister: Final studies for PP-Bavet Expressway Completed Late This Year
The Ministry of Public Works and Transport (MPWT) has urged private companies to complete detailed studies for the Phnom Penh-Bavet Expressway by the end of this year at the latest, with the aim of turning the kingdom’s second expressway into reality as soon as possible. MPWT Minister HE Sun Chanthol made the request during an inspection of the Phnom Penh-Sihanoukville Expressway site on the mo...
Read MoreWork on Kratie-Kampong Thom Bridge to Begin Soon After PM Hun Sen’s Final Approval
Plans and studies of the Kratie-Kampong Thom Bridge are now complete with construction scheduled to begin soon after final approval by PM Hun Sen, according to the Minister of Public Works and Transport HE Sun Chanthol during a PP-SHV expressway site inspection on 21 June. HE Sun Chanthol said that the project has already secured financial support in form of a loan from China, while all related...
Read MoreMinistry of Commerce Urges Sweden to Open IKEA in Cambodia
The Ministry of Commerce has urged Sweden to consider opening renowned furniture megastore IKEA in Cambodia, as the demand for the market is significantly growing. The request was by Minister of Commerce HE Pan Sorasak during the meeting with the Swedish Ambassador to Cambodia HE Björn Häggmark. HE Pan Sorasak said that Cambodia would like to see more Swedish investors enter Cambodia, especi...
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