Local News
Prey Veng Province Generates US$ 5 Million from Construction Stone Business in 5 Years
The collection of tax revenue from all types of construction stone businesses in the province has amounted to approximately US$ 5 million in the past five years. The revenue was collected from all kinds of sand and stone processing businesses, totaling around US$ 4.57 million from 2018 to 2022, with US$ 2.19 million collected in 2022 alone, according to HE Chea Somethy, Governor of Prey Veng Provi...
Read MoreCambodia-Chinese Accelerate Phnom Penh-Poipet Expressway Project
Cambodia and China are working together to accelerate infrastructure development projects in Cambodia, focusing on the Phnom Penh-Poipet Expressway. The Department of Foreign Capital and Foreign Investment in China has expressed strong support for the priority project and plans to establish a technical working group to expedite activities related to the high-speed railway project. This was announc...
Read MorePreah Vihear Authority warns mining investors to be careful as 22 mining companies are currently operating
The Preah Vihear province currently has 22 licensed mining companies conducting exploration and research in the area, prompting the provincial governor to issue a warning to potential investors to be careful and not fall prey to land brokers' scams. HE Kim Rithy, the Governor of Preah Vihear Province, confirmed the number of mining companies present in the province on March 23, 2023. He stated ...
Read MorePhnom Penh and Takhmao City facing water shortage, plans to increase production capacity
Phnom Penh and Takhmao City, Kandal Province are currently facing a water shortage of about 250,000 cubic meters per day, with the demand reaching up to 890,000 cubic meters. The Phnom Penh Water Supply Authority has a production capacity of only 640,000 cubic meters per day, leading to a shortage of water supply in some areas of the two cities. In response, the Phnom Penh Water Supply Authorit...
Read MoreBuilding Owners Who Constructed Prior to 2019 Construction Law Must Apply for Occupancy Certificate
The Ministry of Land Management, Urban Planning and Construction has issued a letter on March 22, 2023, requiring all building, factory, or warehouse owners who constructed prior to the enactment of the 2019 Construction Law to obtain a construction use certificate. According to Prakas No. 177 DONS/PRK, dated December 6, 2019, building or factory owners who constructed without a construction pe...
Read MorePrey Veng Province’s Investment in Real Estate and Services Nears US$ 200M Over 5 Years
Prey Veng Province has invested almost 200 million dollars in real estate and other services from 2018 to 2022, according to HE Chea Somethy, Governor of Prey Veng Province, in a statement on March 22, 2023. The governor emphasized that the province had attracted national and international investors in the past five years, significantly increasing private investments in real estate and services...
Read MoreAustralian Business Delegation Explores Investment Opportunities in Cambodia
An Australian business delegation recently visited Cambodia to explore investment opportunities in key sectors such as food and beverage, retail, and education. The visit was in collaboration with AUSCHAM CAMBODIA, DCG, and other companies, with a focus on creating valuable partnerships and new investment opportunities by partnering with credible businesses in Cambodia. The delegation includes ...
Read MorePrey Veng Province Boasts 43 National and Provincial Roads, Totaling Over 852km in Length
Prey Veng Province has announced that it has a total of 43 national and provincial roads with a length of over 852km. The announcement was made during a press conference on "Success in the past 5 years" of Prey Veng Provincial Administration on March 22, 2023. According to the statement, the province has 6 national roads spanning 214.24km and 37 provincial roads covering 638.18km. In addition t...
Read MoreCambodia Receives US$31M from Mekong-Lanchang Cooperation
Cambodia has received US$31 million from the Mekong-Lanchang Cooperation (MLC) Special Fund to support 80 development projects, including infrastructure, according to HE Prak Sokhon, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation. In celebration of "Mekong-Lan Chang Cooperation Week 2023", HE Prak Sokhon stated that the MLC Special Fund has responded to the ...
Read MoreThai Company OLS Seeks Investment in Cambodian-Thai Overlapping Areas for Oil and Gas Exploration
Thai company Onshore Logistics Services Co., Ltd (OLS) is seeking to invest in oil and gas exploration in the overlapping area (OCA) between Cambodia and Thailand. According to a meeting between Mr Thuch Dalin, General Advisor of the Embassy of Cambodia in Thailand, and Mr Phakin Pataradittakul, Director General, on 17 March 2023. The company presented its Multi-Client Seismic 3D Survey (MC3D) ...
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