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ខ្មែរ 
Japan leads China in SE Asian infrastructure funding
- 11 September 2019
Despite China’s deep pockets and high-profile infrastructure projects in SE Asia via its Belt & Road Initiative, Japan continues to outspend its neighbour on large-scale regional projects. According to data gathered by Fitch Solutions and reported in Bloomberg, Japanese-backed projects in Southeast Asia’s six biggest economies – Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vie...
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Cambodia economy gets boosted with US$2.7 billion airport investment
- 11 September 2019
Along with steady economic growth, Cambodia needs billions of dollars in investment to improve its aviation sector to help facilitate trade as well as accommodate the 15 million air passengers expected to enter the country by 2030. While improving the aviation sector is part of the government’s plan to push the country to become an upper-middle-income economy by 2030, Cambodia over the past few...
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New national fire safety systems code launched in Cambodia
- 11 September 2019
The General Commissariat of the National Police and the National Quality Inspection Centre for Fire Safety Systems has recently launched a new national fire safety systems code to protect occupants and properties by imposing technical standards. The new code entered into force on 12 August and introduced to the public at the 09 September seminar organised by the Association of Fire Prevention E...
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IMF Research: Increase property tax to advance economic growth in Cambodia
- 10 September 2019
A new research paper funded by the International Monetary Fund (IMF) suggests Cambodia should increase property tax to fund billions of dollars of infrastructure spending, a move that will help advance economic growth. Published on 06 September, the ‘IMF Working Paper: Advancing Inclusive Growth in Cambodia’ analyses how increasing either property tax, VAT, or income tax can secure the funding ...
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Cambodia, Laos to sign 2,400 MW power deal
- 10 September 2019
Cambodia and Laos are to sign a power deal allowing Cambodia to import 2,400 MW from Laos, with the Council of Ministers scheduled to discuss the details of the deal on 11 September. The deal is scheduled to be signed next week during the official visit of Lao Prime Minister Thongloun Sisolith to Cambodia. Victor Jona, director-general of Energy at Ministry of Mines and Energy, said on 9 Sep...
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Thai company wins 60 MW solar investment bid
- 9 September 2019
Thailand-based developer and operator of renewable power Prime Road Alternative has won the public bidding on a 60-MW solar project located in Kampong Chhnang province, and will generate the lowest tariff in the Southeast Asia region. The public bidding on the project was started in February this year after a feasibility study conducted by an expert team from the Asian Development Bank was comp...
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New 4-star hotel opens in Kampong Thom province
- 9 September 2019
Kampong Thom Royal Hotel & Restaurant officially opened its doors on 09 September in the heart of Kampong Thom province, adding another 87 rooms to support the tourism sector in the province. Located in Stung Sen city, Kampong Thom Royal was built with US$5 million from Cambodian investors and comprises 87 guest rooms as well as other amenities including conference rooms, a restaurant, club...
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‘Amory 7 Makara’ development phase two plots open for sale
- 9 September 2019
Real estate firm Amory has announced the launch of sales for the second phase of the ‘Amory 7 Makara’ development project over the weekend with around 300 potential customers attending the event, according to their press release. Located along National Highway No 6 to Oknha Ly Yong Phat and links to National Road 5, the ‘Amory 7 Makara’ development project will feature sales of residential buil...
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Walking Street along the riverfront set to open for vendors
- 7 September 2019
The Walking Street project running from the Cambodia Post Office to the Royal Palace will allow vendors to sell all kinds of products to attract national and international tourists, said Phnom Penh Municipality. Met Meas Pheakdey, spokesman for Phnom Penh Municipality, told Construction & Property Magazine on 07 September that the project will be open for businesses selling all kinds of pro...
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Will Cambodia fall into the Chinese infrastructure debt trap?
- 6 September 2019
In the past decade, the Cambodian government has been allocating most of its budget to develop infrastructure. By the end of 2018, a total of more than 16,000 kilometres of national and provincial roads had been restored and rebuilt. On 30 August 2019, the cabinet also approved the US$14.4 billion budget plan for a public investment program for 2020 to 2022, of which the infrastructure sector will...
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Government boosting establishment of more SEZs along border areas
- 6 September 2019
The Council for the Development of Cambodia (CDC) is studying and seeking greater understanding on investment and trade to compile a mechanism to boost the establishment of more special economic zones (SEZ) along border areas, while drafts of a new law on investment and a new law on special economic zones has been completed. CDC Secretariat General H.E. Sok Chandasophea said that boosting indus...
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US$100 million budget approved for infrastructure in Sihanoukville
- 6 September 2019
On 04 September 2019, the Cambodian government approved a US$100 million budget for the construction and rehabilitation of infrastructures in Sihanoukville. The budget was approved after some significant physical infrastructures such as roads and natural waterways were damaged amid rising construction, increasing residents, garbage, and heavy rainfalls. In a 2-page press release, the Ministr...
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