English 
ខ្មែរ 
Basic Construction Material Imports Drop as Some Large Development Projects on Hold
- 17 December 2020
As of September 2020, steel and cement imports continued to sharply decline, contracting by 41.4% and 38.1% year-on-year, respectively. This drop is because some large development projects, especially high-rise commercial and residential buildings, were put on hold, according to a recent report by the World Bank. The report entitled Cambodia Economic Update: Restrained Recovery published in Nov...
Read More
Cambodia Public Debt at US$7.9 billion as of Mid-2020; Infrastructure Development Largest Contributor
- 16 December 2020
As of June 2020, Cambodia had a total of US$7.9 billion in public debt, of which 87% was used for physical infrastructure development, according to a World Bank report released in November 2020. Of all foreign loans, China accounted for the largest percentage with a total outstanding debt of US$3.7 billion, or equivalent to 46.8% of total loans. Meanwhile, the Asian Development Bank (ADB) an...
Read More
Ministry Approves KrisEnergy’s Oil Production Deadline Extension to April Next Year
- 16 December 2020
The Ministry of Mines and Energy has approved KrisEnergy's request to extend the deadline of oil production to April 2021, even though the company failed to extract oil many times since mid-2020. HE Cheap Sour, Director-General of Petroleum of the Ministry of Mines and Energy, said that the measures for the failure to extract oil are based on contracts. "The Ministry has given permission bec...
Read More
NagaCorp Chairman: NagaWorld Fully Operational Despite Further Restriction
- 16 December 2020
The casino resort complex NagaWorld in Phnom Penh remains open and fully operational despite a recent spike in community transmission in Cambodia, which led to stricter safety measures and travel restrictions, according to NagaCorp Chairman Tim McNally. Tim McNally told GGRAsia that NagaWorld remains open and fully operational. He added that his casinos have adjusted very effectively following ...
Read More
Malaysia Firm Obtains Piling and Substructure Works for Entertainment Complex in Phnom Penh
- 16 December 2020
Malaysian firm Econpile Holdings Berhad announced on 14 December that it has obtained an US$85.7-million piling and substructure subcontract for a large Integrated Entertainment Complex project in Phnom Penh. The company's announcement does not specify the name of the Integrated Entertainment Complex project. However, Econpile confirms that it has received the subcontract from MCC International...
Read More
Is Buying Property Always Better than Renting?
- 15 December 2020
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. According to Fidelity, there are arguments both for buying and continuing to r...
Read More
Expert: Major Infrastructure Projects in 2021 to Focus on Green Development
- 15 December 2020
Giant developer firms such as Vinci, Ferrovial, and ACS next year will shift their focuses to sustainable development by building more green infrastructure and renewable energy projects. According to an analysis by Fitch Solutions published on the Global Construction Review website on 14 December, this shift aims to follow the country's goals to reduce CO2 emissions and maintain economic growth...
Read More
75 Tunnels Completed on Laos-China Railway
- 14 December 2020
The final of 75 tunnels on the 414km Laos-China mega-rail project has been completed according to contractor Laos-China Railway Company (LCRC). The final section was completed on 29 September with the Xiang Ngeun Number 3 Tunnel in Luang Prabang Province. One of the largest engineering projects in the region, it required construction of 75 tunnels through 120km of mountains and forests, includi...
Read More
Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
- 14 December 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) approved construction projects nationw...
Read More
Five Hectares of Land in Boeung Kanseng Lake in Rattanakiri to Become Multi-Purpose Development
- 14 December 2020
Ratanakkiri Governor Thon Saron recently led an official group to inspect and access impacts of the 5-hectare Boeung Kanseng Infrastructure Development Project in Banlung district, Ratanakkiri province. During the inspection on 14 December, HE Saron said that the 45 families affected by this project have already agreed to voluntarily remove their stalls from the sidewalk to allow the authoritie...
Read More
The Rise of Food Courts in Retail Spaces
- 12 December 2020
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, this is the perfect destinations for those looking for budget-friendly alternatives to the ...
Read More
Feasibility Study for Mondulkiri Airport to be Complete Early Next Year
- 11 December 2020
The feasibility study for Mondulkiri airport is set to be complete early next year, a step towards connecting the northeastern provinces with other provinces in the country. Spokesman of the State Secretariat of Civil Aviation (SSCA) Sin Chanserivutha said the study mainly is focusing on the social and environmental impacts at this stage. "Besides the impact, we are also looking in financial...
Read More