Local News
Private Firm to Build New Eco-Tourism Port in SHV’s Prey Nob District
The Sihanoukville provincial administration has given the green light to a private firm to develop a new eco-tourism port in the Prey Nup district, aimed at expanding the province’s tourism potential. According to the site inspection by Sihanoukville Governor HE Kouch Chamroeun on Tuesday 14 December, the port will be a small-scale structure so that […]
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ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport. The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank. The bond is […]
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Ground Broken on US$22-million Japanese-Funded Clean Water System in Pursat
The Government of Japan has provided US$21.9 million in grant aid to build a new water supply system in Pursat province to increase access to clean water for the local people. The ground-breaking ceremony of this water supply system took place on 13 December, in the presence of Japan Ambassador to Cambodia HE Mikami Masahiro […]
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Phnom Penh Autonomous Port Earns US$30 million in 11 Months
During an 11-month period of 2021, the revenue of Phnom Penh Autonomous Port (PPAP) was at US$30 million, a 14% increase compared to the same period in 2020. According to the PPAP’s report published on 9 December, of total revenue, port operation revenue was at US$24.37 million (up 16% y-o-y), port authority revenue at US$3.23 […]
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Construction of New Road Connecting Steung Treng to Kratie Completed
Construction of a new rural road connecting Steung Treng and Kratie provinces, which was built with the donation from Prime Minister Samdech Hun Sen, has been completed. The road is 15km long and 6m wide, connecting O’Mreah commune to Siem Bok commune in Siem Bok district which is on the border of Kratie province. Steung […]
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Construction of PP-SHV Expressway Over 70% Complete
The construction of the 190-kilometre Phnom Penh-Sihanoukville Expressway was 70.93% complete as of November. The updates were shared in an inspection visit led by HE Yit Bonna, Secretary of State of the Ministry of Public Works and Transport (MPWT) on Friday 10 December. Having started construction on March 2019, the road is being built by […]
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued […]
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WB: High Credit Growth in Construction & Real Estate Remain Key Risks to Cambodia’s Economy
The high credit growth and concentration of domestic credit in the construction and real estate sector remains a key risk to Cambodia’s financial stability despite the GDP growth rate projection of 4.5% in 2022, according to the latest World Bank report issued on 9 December. The report added that domestic credit in the construction and […]
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DPM Tea Banh: New National Defence Ministry Equipped with Numerous Unique Features
Deputy Prime Minister and Minister of National Defence Samdech Tea Banh has expressed his pride in the newly completed Ministry of National Defence headquarters, citing that the building is equipped with numerous special features. Not revealing all the features, DPM Tea Banh only said that one of the special functions of the building is the […]
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Construction Starts on Cambodia’s Largest Biomass Power Plant
Heineken Cambodia has begun the construction of its biomass power plant to generate thermal energy for its brewing process. The company said during the ground-breaking event held on 8 December that the plant will be Cambodia’s largest Biomass Power Plant as a key part of the firm’s commitment to Brew a Better Cambodia. Built under […]
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