Local News
Phnom Penh Monorail Feasibility Study Complete, Subway Option to Follow Next Month
The feasibility study of the monorail project has been completed, while the study of the subway option is scheduled to be completed in the next month, according to Public Works and Transport Minister Sun Chanthol this morning. During the meeting with the Asian Development Bank (ADB), HE Sun Chanthol said that the ministry also requested […]
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Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan […]
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Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by […]
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Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
Malaysia’s MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia’s three major airports: Phnom Penh, Siem […]
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Large-Scale Infrastructure Renovations in Siem Reap and Sihanoukville Part of Tourism Recovery Roadmap
The government earlier this week approved the Roadmap on Cambodia’s Tourism Restoration Plan, of which the large-scale infrastructure renovations in Sihanoukville and Siem Reap are the most crucial drivers in attracting more tourists after the pandemic subsides. The road map is divided into three stages. The first and the most important is the rehabilitation of […]
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Century Entertainment Hopes to Open Large Koh Kong Casino by late April After Delays
Hong Kong-based casino operator Century Entertainment International Holdings Ltd hopes to open its casino at a new venue in Dara Sakor district in Koh Kong province by late April after delays due to the COVID-19 pandemic, reported IAG. According to the initial plan, the casino was set to open start operations by February after finishing […]
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field […]
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Construction of Mondulkiri Airport Moved to 2023, Prelim Study Completed
Construction of the Mondulkiri airport is expected to begin in 2023 as the investment firm will take at least one full year to conduct a comprehensive study on the recently-completed preliminary study, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman. SSCA spokesman Sin Chansereyvutha said this morning that although the preliminary report has […]
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Rehabilitation of 29 Flood-Damaged Phnom Penh Roads Over 50% complete
The rehabilitation of 29 flood-damaged roads across Phnom Penh is now over 50% complete, of which 16 of them have successfully been repaired and repaved. According to the Phnom Penh Municipality, as of March 28, the working group had completed paving many roads around the ‘Gun’ roundabout (Old Stadium). The team is now paving Street […]
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Construction of COVID-19 Cremation Site in Kampong Speu Set for Completion After Khmer New Year
The Phnom Penh Municipality and Kampong Speu Provincial Administration are speeding up the construction of the 10-hectare COVID-19 fatalities crematorium in Aoral district, expecting to finish the project after the Khmer New Year in April. Phnom Penh Governor HE Khuong Sreng told the Khmer Times that as the crematorium in Kampong Speu is not ready, […]
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