Local News
Large-Scale Modernisation of Cambodia’s Port Control System Almost 100% Complete
As of 30 November, the development of the Electronic Data Interchange System or Port EDI system has reached almost 100% completion with only some technical works remaining. Secretary of State of the Ministry of Public Works and Transport HE Ros Vanna unveiled the progress during the monthly follow-up meeting yesterday. During the meeting, the working […]
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UNDP Pledges to Help Cambodia Raise More Funds for Clean Energy Projects
The United Nations Development Program (UNDP) in Cambodia has pledged to seek technical and financial assistance from other partners for the development of Cambodia’s energy sector, particularly on energy efficiency and climate change mitigation projects. The remarks were made by UNDP Cambodia Director Ms Alissar Chaker in a meeting with Minister of Mines and Energy […]
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Phnom Penh Governor Urges Establishing More Cancer Hospitals
Phnom Penh Governor HE Khuong Sreng has urged both the private and public sectors to build more modern specialised cancer hospitals and clinics while existing ones shall be equipped with updated technology to meet the rise in demand. HE Khuong Sreng made the remarks at the inauguration ceremony of Orange Cancer Clinic on Tuesday 30 […]
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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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