Local News
MLVT: Surge in High-Rise Building Constructions Uplift Demand for Skilled Human Resources
The recent surge in high-rise building constructions in Cambodia has scaled up the demand for skilled human resources in the elevator business sector to a large extent, according to the Ministry of Labour and Vocational Training (MLVT). MLVT Secretary of State HE Pech Sophoan made this remark at the opening ceremony of the training course […]
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New Investment Law Indirectly Provides Tax Incentives for Construction Sector
Cambodia has recently officially endorsed the new investment law, which provides a wide range of favourable conditions, tax exemption, and non-tax incentives for qualified investment projects (IQP). What is IQP? Are construction companies/projects eligible for incentives? QIP refers to an investment project that has received a registration certificate from the Council for the Development of […]
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FDI in Cambodia at US$39 billion as of H1 2021; Real estate & Construction Contribute 15.9%
As of H1 of 2021, Cambodia received a total of US$39 billion in foreign direct investment (FDI), an increase of 9.6% compared to the same period last year, according to statistics released by the National Bank of Cambodia on 27 November. The real estate sector ranked third, accounting for 12.2% of total capital, equivalent to […]
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France Mulls Setting Up Modern Drainage System in Battambang to Halt Flooding Issue
The French Agency for Development (AFD) is mulling conducting a feasibility study to establish a standardised drainage system in Battambang province, to halt the annual flooding stemming from the rise of the water level in the Sangke River. The plan was proposed by AFD Country Director to Cambodia Ms Bourhis Ophélie during the meeting with […]
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Law on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public services at […]
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MPWT to Soon Begin Expansion Work on NR21B Section in Kandal Province
The Ministry of Public Works and Transport (MPWT) will soon start expansion work on a 3km section of NR21B, from the junction with NR2 to the roundabout of Prek Samrong Bridge in Kandal province. MPWT Minister HE Sun Chanthol said during a site inspection on Wednesday 24 November that NR21B has a total length of […]
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith […]
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New Prakas: Construction Projects Must Request Architectural & Structural Design Approval
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued a new Prakas requiring construction projects to request architectural and structural design approval from the ministry prior to becoming eligible to apply for a construction permit. According to the Prakas dated 22 November 2021, design verification/approval is a must for all types of […]
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on […]
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US$50 million Chinese-funded Tbong Khmum Hospital 97% Complete
The construction of the US$50 million Cambodia-China Friendship Hospital in Tbong Khmum is now over 97% complete and set for final completion by the end of November, according to a site inspection by Minister of Health HE Mam Bunheng on Tuesday 23 November. Upon completion, this hospital will become a modern standardised facility and the […]
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