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ខ្មែរ 
Sihanoukville Port Expansion Project Phase 1 Postponed to Mid-2022
- 9 March 2021
The construction of Sihanoukville port expansion project phase 1, which was first scheduled to begin this year, will now be postponed to mid-2022 due to the COVID-19 pandemic, according to a senior official at Sihanoukville Autonomous Port. The Administrative Director of the Project Management Unit of the Sihanoukville Autonomous Port Sokkoul Chenda recently told Cambonomist that besides the CO...
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NagaCorp Sees Over 80% Y-O-Y Profit Drop Amid Pandemic
- 9 March 2021
NagaCorp has posted a net profit of US$102.3 million for its 2020 financial year, an 80% drop compared to the amount earned in 2019, mainly due to the April-July closure in response to the COVID-19 pandemic. According to their annual report released on 08 March, the total revenue of the firm in 2020 was recorded at US$878.7 million, also down by 49.9% from US$1.76 billion in the previous year. ...
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Overseas Investors Eye Hanoi Office Market
- 6 March 2021
The strong performance of the dynamic Hanoi office market is generating increasing interest among international investors who see great future potential in the Vietnamese capital’s corporate space. The low number of vacant spaces together with high demand, Vietnam’s impressive record in controlling the COVID-19 pandemic, its strong economy and international interest, particularly from China and...
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Kampot Administration Puts Travel Restriction on National Road 3
- 6 March 2021
Kampot Provincial Administration has announced travel restrictions on National Road 3 at the border point of Prey Nob District of Sihanoukville and Teuk Chhou District of Kampot Province with maximum caution. Kampot Governor Cheav Tay said on 04 March that to prevent the spread of COVID-19, the provincial administration decided to close traffic between Kampot and Sihanoukville temporarily, exce...
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What Is Homeowners Insurance? How Does It Work?
- 5 March 2021
Homeowners insurance is a form of property insurance that covers losses and damages to an individual's house as well as other assets within. It also provides liability coverage against accidents in the home or on the property, according to Investopedia. A homeowner’s insurance policy in most of the case covers four kinds of incidents on the insured property including interior damage, exterior d...
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CDC Licenses Another Investment After Over 12 Approved in First 2 Months of 2021
- 5 March 2021
The Council for the Development of Cambodia (CDC) has officially given the permit to a private firm to develop another factory in Kandal province, after over a dozen of projects worth more than US$700 million have been approved in just the two months of 2021. The investment permit this time has been granted to Jiangyao (Cambodia) Garments Co., Ltd, with the firm investing US$2.1 million to buil...
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Vietnam Planning US$53 billion 30-year Airport Expansion
- 5 March 2021
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between 2030 and 2050. New constructions include the new Long T...
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Ground broken on first river dam at Khmer – Thai border in Battambang
- 4 March 2021
Ground was broken on the Mongkul Borei River dam, the first-ever dam built at the Khmer - Thai border area, on 04 March, marking another rural infrastructure development in Battambang province. The dam is located in Mneas Kal and Kampong Chamlong Krom village in Kamrieng district. The groundbreaking ceremony was presided over by Battambang Governor HE Nguon Rattanak and representatives of ot...
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Cambodia, Singapore Officially Sign Agreement on Phnom Penh Logistics Centre Project
- 4 March 2021
The Ministry of Public Works and Transport (MPWT) and Singapore's YCH and Infrastructure Asia (IA) officially signed a framework agreement on the Phnom Penh Logistics Centre on 04 March. As a result, Cambodia has decided to select Singapore's YCH and Infrastructure Asia (IA) as private partners to study and develop the Phnom Penh Logistics Centre project. Meanwhile, the Ministry of Public Wo...
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New Borey Project to Boost Economic Potential of Dangkor District
- 4 March 2021
Advertorial A large Borey project in Dangkor district Ti Leang Dangkor Green Park has recently announced a new brand ambassador, former Miss Universe 2018 Roeun Nath, together with its news mission to boost the Dangkor district economic potential to the highest extent possible. Located on Prey Sar Road, this new Borey will be constructed on over 20 hectares of land. Besides having many varie...
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National Road 48 Rehabilitation Project Reaches Bidding Phase
- 4 March 2021
The Ministry of Public Works and Transport (MPWT) has said that the project to rehabilitate NR48 connecting NR4 to Koh Kong Province is in the bidding phase, and the procedure is scheduled to be completed soon. MPWT's spokesman HE Vasim Sorya said on Wednesday 03 March that the NR48 rehabilitation project will be implemented with a South Korean loan. At the end of the bidding process, the Mi...
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Construction Complete for New National Laboratory in Chak Angrae Leu
- 4 March 2021
Construction of the Science, Technology, and Innovation National Laboratory (STINL) building located along NR2 in Sangkat Chak Angre Leu has been completed, with the handover ceremony held on 03 March. The handover agreement is between HE Cham Prasidh, Minister of Industry, Science, Technology and Innovation (MISTI) and the construction firm Ly Chhuong Construction Co., Ltd. This new industr...
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