Local News
Korea approves request for an additional loan to upgrade National Road 48
The Korean government has approved a Cambodian request for an additional loan to rehabilitate National Road 48 and in preparation for signing an MoU on 24 April 2020 prior to the opening of public bidding. The agreement was announced at a meeting on the request for an additional loan for National Road 48 between representatives […]
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1 million ounces of gold expected from Okvau, says Ministry of Mines
A senior official of the Ministry of Mines and Energy said that Cambodia expected to extract nearly 1 million ounces of goal based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. The statement was made by H.E. Yous Monyrath, Director General of Mines in […]
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Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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COVID-19 poses challenge for extraction of Cambodia’s first oil
The impact of COVID-19 on the first oil extraction in Cambodia will be discussed and evaluated further after the virus crisis has ceased, said H.E Cheab Sour, Director General of the Department of Petroleum, at a press conference on the progress and continued working direction of the Ministry of Mines and Energy on the morning […]
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Hyundai Engineering wins US$164m bid to build third AEON Mall
Hyundai Engineering of South Korea has won a US$164 million project to build the third AEON Mall in Cambodia, according to a Hyundai staff member quoted in the Korea IT TIMES on 19 April 2020. This project is to build a five-story shopping centre and parking facility on a total area of 174,000 square meters […]
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Construction on Road 146 commences in Sihanoukville
Construction on Road 146 started on 17 April 2020 under the technical supervision by H.E Sun Chanthol, Minister of Public Works and Transport (MPWT). The construction project is being implemented by China Road & Bridge Corporation Co.Ltd (CRBC) spending US$S76 million of a US$100 million national budget and is projected to take about 28 months […]
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IMF: Cambodia’s GDP growth to slow down to minus 1.5% in 2020
Cambodia’s Gross Domestic Product (GDP) growth is projected to slow down to -1.5% as the decline in tourist arrivals and the impact on the garment industry resulting from the outbreak of the COVID-19 pandemic in the country. This statement was made during an interview in the Asia and Pacific Department Press Briefing with Mr Changyong […]
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New flood prevention and drainage improvement projects ready for the rainy season
Three flood prevention and drainage improvement projects in three areas including Wat Phnom and Toul Kork drainage projects and a riverside water storage project are in process to prepare for the upcoming rainy season. On April 17, 2020, H.E. Mr MIKAMI Masahiro, Japanese Ambassador in Cambodia, released a short video on the Japanese Embassy in […]
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COVID-19 considerably affects Cambodia’s aviation sector
Statistics from the Secretariat of Civil Aviation indicate that Cambodia’s aviation sector has experienced considerable impacts as a result of the outbreak of the COVID-19 epidemic including some obstacles in the construction process of the new airport, coagulating airfreight, and the drastic decline in air travellers. The details were given in a statement made by […]
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Gov. reveals US$3.5 bn investment to upgrade Cambodia’s airports
The government has announced that US$3.5 billion is to be invested will building, expanding and renovating all Cambodian airports in the aviation development program from 2015 to 2023, as part of the Open Sky policy and the government’s vision to accelerate domestic transportation and link Cambodia to international trade hubs. This aviation development plan was […]
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