Gov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom

The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals who have no decent housing. Meanwhile, the land ...

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CCA to Host Business Network Event and Board Member Election in March After Delay

The Cambodia Constructors Association (CCA) has decided to host its business network event and the 4th Board Member Election on 05 March 2021, after being delayed from December last year due to the COVID-19 pandemic. Scheduled to be held at the Dara Airport Hotel, the event will be joined by CCA members, construction companies, and other key players within the industry, where they can share ide...

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Construction of Koh Tonsay Tourism Port 55% complete

Construction of Koh Tonsay Tourism Port is now 55% complete and is scheduled to finish by August after delays due to the COVID-19 pandemic and technical issues. Kep Provincial Department of Public Works and Transport Director Mam Touch said during a press conference on 02 February that the port will have total area 3,400 square metres with depths varying from 3 to 4.70 metres. “This port wil...

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Kampot and Kep to Attract More Development with Forthcoming Investment Guidebook

Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential information before they decide to invest. “Cur...

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Asian Investors Looking West for Positive Investment Trends

Most Common Reasons International Investors Buy a Home in the U.S. In recent years, while booming economies have created significant wealth across much of Asia, investors from this vibrant region are increasingly looking to the United States as a safe haven for wealth preservation. Steven Kay, Founder and Co-CEO at Golden Gate Global, notes that the most common reasons international buyers p...

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CDC Approves Two Investment Projects Worth Over US$500 Million

The Council for the Development of Cambodia has officially approved private firms to invest in building two factories worth over US$500 million in Kampot and Kampong Kampong Chhnang provinces. The first investment permit has been granted to Shunying Pulp and Paper Co Ltd, with the firm investing US$504 million to build a paper processing factory in Changhaon Village, Tuek Chhou District of Kamp...

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PM Hun Sen: Cambodia Oil Extraction Going Smoothly, Yet to Contribute to the Economy

After a month of production, the Apsara oil station continues to operate smoothly, but the revenue earned from oil is not yet large enough to contribute to the economic recovery, according to PM Samdech Hun Sen on 01 February. (Read more) Samdech Hun Sen said that Cambodia has been producing oil for 33 days since 29 December, extracting about 40,788 barrels in total or about 1,236 barrels per d...

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Gov’t to Request World Heritage Site Status for Tbaeng Mountain in Preah Vihear Province

The inter-ministerial body will soon propose to UNESCO to designate Tbaeng Mountain in Preah Vihear province as a World Heritage Site, according to Ministry of Environment spokesman Neth Pheaktra during an inspection on 29-31 January 29. Mr Pheaktra said that after a detailed study, the Tbaeng Mountain historical site was selected among three other sites, including Prek Kampi, Prek Prasop and T...

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Domestic Development Projects Not Solely Dependent on Foreign Debt, says PM Hun Sen

Cambodia Prime Minister Samdech Hun Sen has clarified that the government always contributes to the budget for domestic development projects and does not solely depend on foreign financial aid. During the Bakeng water treatment plant ground-breaking ceremony on 01 February, PM Hun Sen said that the government always saves up and contributes to necessary development projects. “Every project r...

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Local Investment Expected to Reach US$1.4 billion in 2021, Infrastructure Projects Allocated Majority

A total of US$1.4 billion local investment is expected for 2021, the majority of which will be allocated for infrastructure development projects, according to PM Samdech Hun Sen during the Bakeng water treatment ground-breaking ceremony on 01 February. PM Hun Sen said that this investment figure does not yet include direct foreign investment. "In 2021, we plan to invest approximately US$1.4 ...

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Ground Broken on Bakeng Water Treatment Plant, Chamkarmorn Plant Inaugurated

Cambodian Prime Minister Samdech Hun Sen broke ground on the morning of 01 February on a huge water treatment plant project in Bakeng and inaugurated another one in Chamkarmon. Both plants in total will be able to produce over 450,000 cubic metres of clean water per day by 2024. The Bakeng water treatment plant will be built with a budget of about US$190 million, co-financed by the French Devel...

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Land Ministry Issues Procedures to Improve Construction Certifier License Issuance

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued detailed procedures to improve the system of issuing, renewing, and terminating construction certifier licenses both for individuals and companies, according to Prakas No.033 dated 21 January 2021. The Prakas states that professionals or companies with sufficient qualifications and work experience can apply for...

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