Local News
Gov’t Mulls Cutting Public Infrastructure Spending Amid Ongoing Pandemic
The Cambodian government is considering reducing public investment spending, which also includes expenses on public infrastructure, to prepare the budget to fight against the COVID-19 pandemic. Speaking at the launch ceremony on the vaccination campaign to people aged 12 -17 years old on Sunday 01 August, Prime Minister Samdech Hun Sen said the government is […]
Read MorePM: Expenses on COVID-19 Now Equal to Constructing 10 Mekong River Bridges
The Cambodian government has revealed that expenditures in the fight against the COVID-19 pandemic have reached millions of dollars or equivalent to the cost of construction of 10 Mekong River bridges. Prime Minister Samdech Hun Sen said on Sunday that what Cambodia has spent so far is already over the cost of the construction of […]
Read MorePM Announces Collapse of First Oil Drilling Industry
Cambodia Prime Minister Samdech Hun Sen on Sunday announced the collapse of Cambodia’s first crude oil extraction operated by KrisEnergy. The announcement comes after the company announced its liquidation in June due to the debt crisis. (Read more) Speaking at the opening ceremony of the COVID-19 vaccination campaign for 12- to 17-year-olds, PM Hun Sen […]
Read MorePM: Cambodia Extracts 137kg of Gold on Average per Month
Prime Minister Samdech Hun Sen said on Sunday that Cambodia can extract on average approximately 137kg of gold per month. The announcement comes after an Australian company launched a commercial gold mine operation in Mondulkiri province in June. Speaking at the opening ceremony of the vaccination campaign for teenagers aged 12 to 17 years, PM […]
Read MoreOECD: Cambodia’s Logistics System Needs Reform to Increase Competitiveness
Cambodia’s logistic system in recent years has grown significantly but is still inadequate and limited due to high costs and the complexity of laws and regulations, according to OECD’s recent report which argued that reform is required to increase competitiveness. The report added that logistics prices in Cambodia are relatively high compared to other ASEAN […]
Read MoreMPWT, Japan Accelerate Work on East Siem Reap Smart City Master Plan
The Ministry of Public Works and Transport (MPWT) and the Japan Ministry of Transport held an online meeting on Thursday 29 July to discuss the initial feasibility study result of the east Siem Reap smart city master plan and wastewater treatment and sanitation system enhancement project. The discussion was chaired by MPWT Under Secretary of […]
Read MoreUS$160 million Morodok Techo Stadium Set for Final Completion in August
The construction of the Chinese-funded US$160 million Morodok Techo Stadium has been 100% completed with only some decorating and gardening works remaining. Secretary-General of the National Olympic Committee of Cambodia Vath Chamroeun said that the general construction, seat installation, lighting and sound systems are all complete. The remaining outside decoration work will be completed by […]
Read MoreConstruction of 60mW Solar Power Station in Kampong Chhnang to Begin Next Year
Construction of a 60-mW solar power plant in Kampong Chhnang province will begin early next year, according to the Ministry of Mines and Energy. The project received a concession loan from the Asian Development Bank under the Cambodia National Solar Park project. It is the first phase of the Cambodia National Solar Park project, with […]
Read MoreKingdom’s First Wind Power Project Stuck in Tariff Negotiations
Cambodia’s first wind power investment project in Bokor tariff negotiation process is experiencing delays with Electricite du Cambodge (EDC) since mid-2020 as the government seeking lower cost. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said that the wind power study project has been completed, but the construction has […]
Read MoreNumber of Construction Projects, Value & Area in H1 Dropped by 11.4% 34.3% & 29.9% Respectively
The number of construction projects, the investment value, and total area approved in H1 2021 have decreased by 11.4%, 34.3%, and 29.9% respectively, compared to the same period last year, according to a recent report from the National Bank of Cambodia (NBC) The report added that the drop predominantly stems from the slowdown in tourism […]
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