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ខ្មែរ 
New Battambang Solar Power Station Over 90% Complete Receives Additional US$45-million in Funding
- 24 December 2020
Chinese firm Risen Energy has injected an additional US$45-million funding into the new 73-megawatt Battambang power plant project, while the construction of the plant is over 90% complete. Risen Energy has received this additional funding in form of debt from DEG and ICCF (The Interact Climate Change Facility, the European Investment Bank, and eleven European Development Finance Institutions)....
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Gov’t Continues Tourism-Related Business Tax Exemption for Further Three Months
- 24 December 2020
The government has decided to continue the tax exemption for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies for another three months, to help the tourism sector during the pandemic. According to an official announcement released on 23 December, the exemption applies only for businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and Poipet, ...
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Two Private Firms Approved to Mine Over 20,000 hectares in Tbong Khmum and Ratanakkiri
- 24 December 2020
On 21 December, the Ministry of Mines and Energy issued licenses for two private firms to continue their mining activities on over 20,000 hectares in Tbong Khmum and Ratanakkiri provinces. The first company is Renaissance Minerals (Cambodia) Limited, who got permission to mine within the area of 107.1 square kilometres in Memot district of Tbong Khmum province. Meanwhile, approval was given ...
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PM Hun Sen to Inaugurate New MPWT Headquarters in January
- 24 December 2020
The new Ministry of Public Works and Transport (MPWT) building is scheduled to be officially inaugurated on 22 January 2021 under the presidency of Prime Minister Samdech Hun Sen, according to MPWT Minister HE Sun Chanthol. The minister revealed the details about inauguration during a video-call weekly meeting on 23 December. "The objective of the relocation is to bring together all units un...
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Stamp Duty Tax Exemption Extended to December 2021
- 24 December 2020
The government has decided to extend the stamp duty tax exemption deadline for property worth less than US$70,000 from January to December 2021. According to the official announcement released on 23 December, the government also urged developers to provide more discounts to buyers, with the aim to boost the economy through more property transactions. The first announcement of tax exemption w...
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Let’s Find Out! EP55: Is Buying Property Always Better than Renting?
- 24 December 2020
<div class="youtube"> https://www.youtube.com/watch?v=WdhQbDjpN3w </div> Most people think that renting a house is a waste of money. Rather than helping the landlords pay their mortgage, why not buy your own? However, this is not always the case. Is Buying Property Always Better than Renting? Subscribe to the Construction & Property TV Channel for more up-to-date constr...
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S. Korea Mulls Transforming Former Pailin War Zone Into New Development Area
- 23 December 2020
The South Korean government through the Korea International Cooperation Agency (KOICA) is considering transforming a former war zone in Pailin province into a new development area, according to the Pailin Provincial Administration. In a meeting with the Pailin officials on the morning of 23 December, KOICA representative Ro Hun Chun said that the project is still at the feasibility study stage....
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Ground Broken on 8-Road Renovation Project in Kep Province
- 23 December 2020
Kep Governor HE Som Piseth broke ground on the morning of 23 December on the construction of one red gravel road and 7 DBST roads with a total of length of over 3000 metres. HE Som Piseth said that the rehabilitation of the roads is a new achievement in provincial infrastructure development. Upon completion, these routes will help ease the travel of both locals and tourists. He also requeste...
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New Siem Reap International Airport 35% Complete, On Schedule
- 23 December 2020
As of 23 December, construction of the new Siem Reap Angkor International Airport (AIAI) is 35% complete and expected to finish in March 2023 as scheduled. According to the site inspection by State Secretariat of Civil Aviation (SSCA) HE Mao Havannall on 23 December, construction on the airport is proceeding smoothly despite the pandemic. During the inspection, Angkor International Airport I...
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Plan floated for Island Mosaic in Penang, Malaysia
- 23 December 2020
A team of Danish and Malaysian architects and engineers has won a competition to design a masterplan for a 1,800-hectare artificial island development on Penang in the Malaccan strait in Malaysia. The BiodiverCity project will feature villages for 16,000 residents along 25km of waterfront, 4.6km of public beaches and 240ha of parks. Homes will be built from low-carbon materials and energy wi...
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Another housing project to rise along 60-meter road South of Phnom Penh
- 22 December 2020
A new housing project—THE RESIDENCE—will be officially launched on December 23, marking another step forward in transforming Southern Phnom Penh to become a new residential and commercial hub. Spreading on over 88,000 square meters of land, THE RESIDENCE project consists of 574 houses with four types. This project is located in potential location along the 60-metre road and also surrounded b...
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Seven Tourism Projects Planned for Koh Kong Province
- 22 December 2020
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the Ministry of Environment HE Srun Darith and relevant officers on inspected the si...
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