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ខ្មែរ 
Hyatt Regency Phnom Penh completed around 97% and to be open in the next few months
- 11 May 2020
“As of this moment, we are almost finished with the construction component of the hotel. It is approximately 97%. The final fit-out is ongoing, interior works, décor and artwork, loose furniture, spa, and other similar areas,” according to Mr. Simon Dell, Senior Vice President of Hotels and Hospitality of Chip Mong, commenting on the construction progress of the Hyatt Regency Phnom Penh in an inte...
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Kampot major deep seaport plans progress
- 11 May 2020
The construction of a massive deep seaport project in Kampot province starts is progressing with the docking space and seaport entrance complete, according to Mr. Soy Sinol, Deputy of Kampot Tourism Department, at a press conference on “Progress and Continuing Direction of Kampot Provincial Administration” on 08 May 2020. “This port is invested in by him [a private investor]. For the progress o...
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7-Eleven franchise to open in Cambodia
- 9 May 2020
Since May, the opening of a 7-Eleven franchise in Cambodia has been a hot topic and subject to analysis by experts at the Thai stock market. "CP All, Cambodia has received a 7-Eleven business contract in Cambodia, which can be said to be a very positive thing for CP," said Three Thip Wongsaengphaibun Senior Director, Analysis Department of Kasikorn Securities. He also pointed out that the co...
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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%
- 8 May 2020
The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal letter, GMAC stated that to date, 180 factories have suspended producti...
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MPWT: Phnom Penh-Sihanouk Expressway construction continues smoothly despite COVID-19 and geographical challenges
- 8 May 2020
The Phnom Penh-Sihanoukville expressway construction project continues smoothly despite some challenges in terms of geographical factors and the COVID-19 pandemic, thanks to the Ministry of Public Works and Transport (MPWT) cooperating well with relevant institutions and workers’ efforts to get the job done on schedule. This explanation was given by H.E Kong Vimean, Deputy Secretary of State of...
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Largest concrete pour celebrated in Bangkok
- 8 May 2020
The developer responsible for the One Bangkok project in Thailand has claimed the biggest continuous concrete pour ever in Southeast Asia while building one of the office towers on the US$.7 billion development. During the mammoth concrete our, 547 trucks delivered 23,725 cubic meters of concrete over 33.25 hours to make the 4.5-meter-deep raft foundation reinforced by 2,200 tons of concrete in...
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MPWT writes warning letter to company constructing National Road 2 and Road 22
- 7 May 2020
The Ministry of Public Works and Transport (MPWT) has issued a warning letter to Korean Company Hanshin contracted to build National Road 2 and National Road 22 following the discovery of delays in construction works, inadequate machinery equipment on sites, and lack of technical expertise in the implementation. The warning was made by MPWT Minister, H.E Sun Chanthol, during his inspection visit ...
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Kep Tourism Master Plan includes construction of new tourist port and expansion of two beaches
- 7 May 2020
The Kep Provincial Governor is building a Kaoh Tonsay tourist port and planning to expand two beaches - a public beach and Angkoal natural beach - to advance major infrastructure development and to welcome increasing numbers of tourists. The beach expansion project sites include A 3km public beach (running from the water treatment station to the mangrove forest), and the expansion of the 3.5km ...
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Land Ministry to draw up a budget of about US$100 million for LASED III
- 6 May 2020
The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses. The proposed project will utilize a budget of US$100 million, according to Mr Rithy Ratanakcheysith, Deputy Director...
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Chinese company proposes USD160 million parking garage on Phnom Penh outskirts
- 6 May 2020
China Good Cars Holding Ltd plans to propose the construction of a large modern parking garage on the outskirts of Phnom Penh with an investment budget of USD160 million to reduce traffic congestion in Phnom Penh. This investment plan was revealed by representatives of China Good Cars Holding Ltd to H.E Sun Chanthol, Minister of MPWT during a meeting on 5 May 2020 at the ministry, according to ...
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KrisEnergy secures US$87 million loan for offshore project in Cambodia
- 5 May 2020
KrisEnergy has said that on 30 April 2020 it entered into a credit facility agreement with Kepinvest Singapore Pte. Ltd. as a lender for a loan of up to USD87 million for its offshore development project in Cambodia. This is according to a press release published in Offshore Engineer on 01 May 2020. KrisEnergy will use the seed money to further develop its oil extracting project in the 3,083 sq...
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AIIB announces US$5 billion COVID-19 recovery fund
- 5 May 2020
The Asian Infrastructure Investment Bank (AIIB) announced plans in April to launch a US$5bn crisis recovery fund to support a quick turnaround after the coronavirus pandemic. The US$5bn fund is intended to meet emerging demand among its low-income members, whose economies could be hit the worst by the Coronavirus. Cash would be made available for health infrastructure, emergency plans, or indus...
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