Local News
Gov’t Approves US$2m Budget to Renovate Siem Reap-Oddar Meanchey Road
The Ministry of Economy and Finance has approved a US$$2 million fund to renovate and upgrade a 68-kilometre road from Siem Reap to Oddar Meanchey, according to a official meeting last weekend. The renovation of this road is to facilitate the travel and transportation of agricultural products between the two areas. The construction is set […]
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Major Road Renovation Project in Svay Rieng 70% Complete
The renovation of a major 11km major in Svay Rieng province has been 70% completed as of January and is scheduled to be completed in March 2023, according to the Ministry for Rural Development. Being upgraded to double DBST at 8 metres wide, the road connects NR18 at O’Don Am village to Samyong village in […]
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Construction & Real Estate Loan Shares 18% of Total Credit
Bank loans provided to major sectors grew 19.3% compared to last year, while construction and real estate grabbed approximately 18% of the total loans of US$46 billion, according to a recent official summary. Real estate businesses received 9% of total loans, while construction also took 9%. Personal housing loans accounted for 14%, hotel and the […]
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China & Cambodia aviation remains uncertain despite China’s opening
After China announced the reopening, the flights between Cambodia and China as of January 2023, remained uncertain. According to data from the Secretariat of Civil Aviation, in August 2022, Cambodia had 30 flights between China and Cambodia weekly (quota set by the Chinese side), which means that Cambodian airlines fly 15 times weekly to China […]
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Incentives of new investment law
New investment law has been publicly promulgated since October 2021, which is universal to increase revenue collection by embracing long-term business and attracting new investment. (Read more) Particularly, this new law has provided many favourable conditions on tax and customs for qualified investment projects (IQP). (Read more) Besides, it also has many special guarantees for […]
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CDC Approves Four Major Projects Worth US$65.4m in Three Provinces
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest US$65.4 million to establish four factories in Kampong Speu, Kandal and Svay Rieng provinces. These private companies include: “AROMA SUCCESS GARMENT CO., LTD”, which will invest US$36.6 million to establish a garment factory located in Taing Sno village, […]
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Construction of Techo Peace Hospital Over 80% Complete
The construction of the Techo Peace Hospital is more than 80% complete and is scheduled for completion in June 2023, according to site inspection by Prime Minister Samdech Hun Sen on 19 January. Equipped with modern facilities and tools, the hospital will be specialised in treating cancer patients, especially women, said PM Hun Sen. “Also, […]
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Cambodia to Name Two Roads in Phnom Penh After Indonesian Leaders
The Cambodian government will name two roads in Phnom Penh after Indonesian leaders, according to the official farewell meeting between Phnom Penh Governor HE Khuong Sreng and the Ambassador of the Republic of Indonesia HE Sudirman Haseng on 17 January. The two roads are roads that link from NR6 to Win Win Blvd in Chroy […]
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KOICA Approves US$3m Project to Preserve Tuol Sleng Museum Phase II
The Korea International Cooperation Agency (KOICA) approved a US$3 million budget for the preservation of Tuol Sleng Museum (Phase II), according to the official meeting on 17 January. The project will be implemented in five years starting from 2024 under the cooperation between the Ministry of Culture and Fine Arts, KOICA, and UNESCO. Besides this […]
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Royal Group to Build US$300m International Airport on Koh Rong Island
The Royal Group Koh Rong Development Company, a Royal Group Co Ltd subsidiary, will build an international airport on Koh Rong which will take five years to complete. The agreement on the airport master plan was signed on 18 January under the presidency of the Minister in charge of the State Secretariat of Civil Aviation […]
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