Thai Gov’t to Unveil ‘Land Bridge’ Locations by June
The Thai government will unveil the locations of its planned ‘land bridge’ project, a possible replacement of the long-mulled Kra Canal, in June this year, according to Transport Minister Saksayam Chidchob. The project has been studied since September last year with an approved budget of 68 million baht (US$2.2 million). The studies include an environmental impact assessment, a business develop...
Read MoreReal Estate Market Lessons from a Year of Pandemic & Future Trend Projections
The COVID-19 pandemic put quite severe pressure on the real estate market in Cambodia in 2020 with a moderate drop in the number of transactions. Due to the recent surge in the community outbreak, the pressure on the market in 2021 remains high or even higher. According to expert observations in recent months, the number of buying and selling transactions has declined significantly. Given these...
Read MoreMalaysian firms seek business partners within the construction sector in Cambodia
Many Malaysian firms have expressed their interests in investing and establishing business partners within the construction sector in Cambodia, especially after the COVID-19 pandemic subsides, demonstrating a positive growth sign for the sector in the post-pandemic period. The investment consideration was unveiled during an online meeting last weekend between the Cambodia Constructors Associati...
Read MoreMore Land Encroachment Found in Mondulkiri, Governor Warns of Severe Legal Action
The Mondulkiri Provincial Administration has discovered more land encroachment activities along the Cambodia-Vietnam border and warned it will crack down on those encroachers without exception. Mondulkiri Governor Svay Sam Eang said during the borderline inspection on 27 March that the officials have found some people encroaching on state land in Phnom Nam Lyr Wildlife Sanctuary. “We have be...
Read MoreCCA Chairman Donates US$2 million to Help Government Establish a New COVID-19 Treatment Facility
Chairman of the Cambodia Constructors Association (CCA) and the Board of Canadia Group and OCIC Neak Oknha Pung Kheav Se has donated US$2 million to the Cambodian government to buy Nokor Tep Hospital and turn it into a new COVID-19 treatment facility. The donation was made following Prime Minister Hun Sen’s announcement of the acquisition of Nokor Tep Hospital and renamed it “Luang Me Hospital”...
Read MorePreaek Pra Canal Land Encroachers Warned With Legal Action
The Chbar Ampov District Administration has warned about taking legal action against those who continue to build properties on both sides of the Preaek Pra canal in Sangkat Preaek Pra and Sangkat Prek Thmey after many soft warnings have been issued. According to the warning letter issued on 24 March, the objective of stopping this encroachment is to ease the water flow of the canal, which plays...
Read MoreNagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the project would negatively affect the archaeological park so it canno...
Read MoreCDC Approves Five Investment Projects Worth Over US$1.3 billion
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, worth a total budget of approximately US$1.3 billion in Phnom Penh, Preah Sihanouk and Svay Rieng provinces. The first investment permit has been granted to Island Laboratoire Co., Ltd to invest US$6.3 million in building a pharmaceutical factory in Sangkat Bak Kheng, Kh...
Read MoreADB Solid Waste Management Project in Kep 75% Complete, Operational by October 2021
The 8-hectare landfill, or solid waste management, project in Kep province is now 75% complete and scheduled to finish by October this year. Construction site manager Tith Tikea said that the project is located in Sangkat Prey Thom, Kep city and is being constructed with financial aid from the Asian Development Bank (ADB). “Phase 1 of the project includes a 3,500-metre-long and 7-metre-wide ...
Read MorePrivate Firm Accelerating Feasibility of 100-megawatt Wind Power Project in Mondulkiri
A private firm is speeding up the feasibility study on a 100-megawatt wind turbine power project in Mondulkiri province on both the technical and financial details, according to a senior official at the Minister of Mines and Energy. Xinglan Maritime Energy Co., Ltd was granted a permit letter from the ministry to conduct a feasibility study on the wind power project in Mondulkiri province in 20...
Read MorePhnom Penh to Build New River Frontage Road East Side of Bassac River
Chbar Ampov District Administration is planning to build a new river frontage road and a stretch of riverbank on the eastern side of the Bassac River from the base of the Old Monivong Bridge to the Koh Norea Development Zone. According to the district on 22 March, the working team has already started the location marking works in the selected area. The district administration also requested ...
Read MoreGov’t Urges Building owners to Not Terminate Tenant Contracts for Late Payment
The Cambodian government has called on all building owners to not terminate contracts or evict tenants in case they are unable to pay their rent during the COVID-19 crisis. According to the official statement released on 25 March, the request also refers to the landlords of business buildings and factories. Both landlords and tenants shall negotiate to delay payment and, if possible, shall a...
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