Local News
Four Regions in Kep Province Selected as Main Development Zones in 2021-2035 Masterplan
The draft of the Kep Tourism Development Masterplan for 2021-2035 is currently under discussion as four major areas have been selected as strategic development poles, including the old Kep town, Angkol beach area, the Phnom Voar zone, and offshore islands zone. The draft master plan was discussed at a meeting on 29 September under the […]
Read More
Oil on MT Strovolos Belongs to Cambodia, not KrisEnergy or Others, says Mines Ministry
The Ministry of Mines and Energy claims that all the crude oil on board the MT Strovolos legally belongs to the Kingdom of Cambodia at all times and does not belong to any parties, stating that all parties must stop making demands and return the oil to Cambodia. The claim is in response to a […]
Read More
Solar Components & Bag Factories Worth Over US$33m Approved for PP and K. Speu
The Council for the Development of Cambodia (CDC) has issued permits to two private firms to invest US$33.1 million for setting up two factories in Kampong Speu and Phnom Penh. According to a CDC announcement on 30 September, the two companies include Xin Xingle Leather Products Co., Ltd., which will invest US$3.1 million to set […]
Read More
Kampot Tourism Port 84% Complete, Set for Operational by Year’s End
The overall construction on the Kampot Tourism Port is over 84% complete as of September and is scheduled for final completion by the end of 2021, according to a site inspection by the Minister of Tourism HE Thong Khon on Wednesday 29 September. Meanwhile, construction of the passenger terminal is also over 73% completed. Located […]
Read More
ADB Provides US$82-million Loan to Upgrade Roads in Prey Veng & Kandal Provinces
The Asian Development Bank (ADB) has approved an US$82 million loan to rehabilitate 48km of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor. According to a press release issued on 29 September, the project will also help the Ministry of […]
Read More
World Bank, IMF forecast Cambodia’s 2021economic growth at 2.2%, approx. 4-5% for 2022
The World Bank (WB) and the International Monetary Fund (IMF) have recently lowered Cambodia’s economic growth forecast in 2021 to only 2.2% but predicted that the rate will rebound to 4.5 to 5% in 2022. According to a World Bank report, the 2.2% is the drop from a 4% forecast in April 2021 due to […]
Read More
WTM: Cambodia’s Accusation of Oil Theft Without Foundation; Vessel Under No Obligation to Return
World Tankers Management (WTM), the firm managing the alleged missing oil ship, released a statement on Monday that Cambodia’s accusation of theft was without foundation, and the vessel was under no obligation to return to Cambodia as requested by the government. As reported in Nikkei Asia on 28 September, the firm said that the question […]
Read More
MPWT to Launch Training Campaign for Officials on New Port EDI System in November
The Ministry of Public Works and Transport (MPWT) will launch a campaign to train relevant officials on how to use the new electronic data exchange system known as Port EDI in mid-November 2021. Secretary of State of the MPWT HE Ros Vanna said during the meeting on Tuesday 28 September that the first Port EDI […]
Read More
JICA’s Phnom Penh Flood Protection Phase 4 Completed, Officially Put into Use
Phnom Penh Flood Protection and Drainage Improvement Project Phase 4 which was built under a Japanese grant aid of US$36 million, was completed and officially put into use on 17 September. Though equipped with the new flood protection system, Phnom Penh city can be still at risk of flooding during the heavy rainy reason if […]
Read More
Mineral Resources in Ratanakkiri ‘s Oyadao District Sufficient for Gold Mining, says Indian Research
Indian-owned Mesco Gold (Cambodia), which has been licensed to conduct exploration for mine in Ratanakkiri province’s Oyadao district, has announced that the amount of mineral resources in the designated area is high enough to set up a gold refinery in the future. HE Eung Dipola, Director General of the General Department of Mineral Resources, Ministry […]
Read More