Kampot Administration Puts Travel Restriction on National Road 3

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?

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

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

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

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

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

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

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

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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Land Ministry HQ to Move to New Location This Month, Ahead of Official Inauguration

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) headquarters will move to a new location in Sen Sok district on 15 March, while the official inauguration will take place in April as planned, according to the Ministry’s announcement on the morning of 03 March. The ministry will relocate from Monivong Blvd in Sangkat Boeung Trabek to the new location on Street 307 in Sen...

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Raising Property & Wealth Tax Could Speed Up Pandemic Recovery, says ADB Blog

Cambodia and other countries in the Asia-Pacific should raise tax collection, in particular on the tax on property and wealth, to speed the economic recovery once the pandemic ends, according to the Asian Development Bank (ADB) blog. In the article entitled ‘How governments can use tax policy to speed pandemic recovery’, the authors suggested that taxing the wealthy, many of whose incomes have ...

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Second Border Market Project Ready for Ground-Breaking in Kampot Province

The Ministry of Commerce and Kampot provincial municipality have finalised the location for a new border market in Kampong Trach district, with construction set to begin soon and is expected to be completed by mid-2022. The ‘Prek Chak Border Market’ will be built on over 2 hectares in Thgov village, Russie Srok commune in Kampong Trach district. The location is nearby the Prek Chak-Kien Giang C...

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