Local News
HLH Group Sells its Farm Resort Business in Singapore to Focus on Cambodia Operations
Hong Lai Huat (HLG) group will be disposing its entire equity interest in HLH Agri R&D for the price of approximately US$3.6million, with the aim to focus more on their businesses in Cambodia, reported The Business Times. HLH Agri International has entered into a sale and purchase agreement with Gallop Green, a seafood farming and […]
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Cambodia Generates 2,731 mW Energy Domestically, to Increase to 10,000mW by 2030
Currently, Cambodia can domestically produce total energy up to a maximum of 2,731 mW, while the government is boosting more energy investment to increase power capacity to 10,000 mW by 2030. According to the Ministry of Mines and Energy, power sources in Cambodia are from heavy fueled power plants at236 mW, biomass-fueled power plants at […]
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MPWT to Build Cambodia’s First Asphalt Concrete Production Factory
The Ministry of Public Works and Transport (MPWT) is planning to build Cambodia’s first asphalt concrete (AC) factory at the Kampot and Kep provincial border within this year, aiming to produce its own AC for road construction usage. MPWT Minister HE Sun Chanthol said during an inspection on the morning of Friday 04 June that […]
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Review of Draft Law on Payment Guarantee for Four Large-Scale Energy Projects Complete
The National Assembly (NA) Committee has completed the review on four draft laws securing that the government will make payments as agreed to three private firms for investing in four large-scale energy-related projects. These four draft laws will be included in the agenda of the upcoming 6th National Assembly session, according to the NA’s meeting […]
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Two New Factories Worth Over US$10 million Approved for Kandal and Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building two factories, worth a total budget of approximately US$10 million in Kandal and Phnom Penh. The first investment permit has been granted to Impak (Cambodia) Co., Ltd to invest US$5million in building a suitcase and bag factory in […]
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Construction & Real Estate Sectors Growth Conditional on How Gov’t Contains COVID Outbreak: NBC
Due to the 20 February COVID-19 community outbreak, the growth projection of the construction and real estate sectors remain highly conditional on how the government contains the outbreak and how global and regional economic activities will rebound in the second half of 2021, according to the National Bank of Cambodia (NBC). NBC’s Financial Stability Review […]
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Fourth Japanese-Funded Automatic Screen Pit Installed in Phnom Penh Drainage System
The fourth Japanese-funded automatic garbage collection machine in the drainage system (automatic screen pit) in Phnom Penh has been installed and officially put into operation on Thursday 3 June. The inauguration ceremony was held in the presence of the First Secretary of the Japanese Embassy Mr Toshikazu Tokioka, JICA Representative Ms Aya Tokumoto, and Director […]
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FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability […]
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NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 […]
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Construction Begins for Japanese-Funded US$27 million Choeung Ek Wastewater Treatment Plant
The construction of the Japanese-funded US$27-million sewage system and a large-scale treatment plant in Choeung Ek officially began in late May and is scheduled for completion in November 2023. According to an announcement by the Phnom Penh Municipality yesterday, the implementation of the project is divided into 4 stages, including: 1. Filling up 3 hectares […]
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