SME Bank Provides Over US$41m in Loans to 291 Tourism Businesses

As of December 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) has provided US$41.52 million in loan to 291 tourism businesses, according to the bank's announcement on 3 January 2023.  The loan is part of the Tourism Restoration and Growth Sector (TRCS) co-financing project with a total budget of about US$150 million.  Of these, 26% were in the hotel business, 28% in the gu...

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CDC Approves Three Projects Worth US$16m in Kampong Speu

The Council for the Development of Cambodia (CDC) has given permits to three private firms to invest US$16 million to establish three factories in Kampong Speu province.  These private companies include:  The first firm is “WINDARA INTERNATIONAL CO., LTD” which will invest US$5.4 million to establish a backpack factory for sleeping bags, tents, garments, and bedding, located in Building C, L...

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Kandal Authority Gives Closure Warning to Non-Standard Ferries

The Kandal Provincial Administration has warned any ferry businesses that they will be shut down if they do not properly implement the safety principles, according to an official meeting on 5 January.  Mr Chi Sivutha, Director of Administration of Kandal Provincial Hall, said that the provincial administration had to immediately stop the usage of rudder boats and replace them with steel boats o...

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NR5 Prek Kdam-Thlear Maam Section Opened for Traffic

The newly-renovated NR No. 5 (Prek Kdam-Thlear Maam section) has been opened for traffic on both sides, according to a press release from the Department of Public Works and Transport of Kampong Chhnang Province on 2 January.  In the meantime, the NR5 section between Kampong Chhnang city from km 74 + 000 to km 115 + 000 in Rolea Bier and Boribo districts in Kampong Chhnang province has also been...

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Thailand to Help Set Up Modern Irrigation System in Cambodia

Experts from Thailand have shared know-how knowledge on setting up a modern and effective irrigation system with Cambodian officials and promised to help Cambodia implement the project.  The matter was on the table for discussion during a 5-day trip of Cambodia's Ministry of Water Resources and Meteorology officials to Thailand on 19-23 December under a program called the National Irrigation St...

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CDC Approves 10 Projects Worth US$48.7 million in December​ 2022

In December 2022, the Council for the Development of Cambodia (CDC) approved 10 investment projects with a total value of US$48.7 million to establish 10 factories in Takeo, Kampong Cham, Sihanoukville, Kandal, and Phnom Penh.  The first firm is QUAN MING SHUN (CAMBODIA) NEW MATERIALS CO., LTD which will invest US$6.6 million to establish a factory to produce plywood in the special economic zon...

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AEON3 has Fourth Largest Solar Roof Compared to All Malls in Japan

Aeon Mall Meanchey or Aeon Mall 3 of Aeon (Cambodia) Co., Ltd. has installed 1.9 MW of solar panels on the roof, or equivalent to an 8,848.21 sqm of the roof. This solar panel is the fourth largest solar roof panel compared to all the malls in Japan, according to a press release dated 2 January.  The newly installed solar panels have been generating power to the national grid since 2 January. T...

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Renovation of Four Major Roads in Kratie to Begin Before April 2023: PM

The renovation of four major roads in Kratie province will begin before April 2023, which was confirmed by Cambodia Prime Minister Samdech Hun Sen during the ground-breaking ceremony for the construction of the new Mekong River bridge in Kratie on 2 January 2023.  The first road is NR73 which connects Tbong Khmum and Kratie provinces with a length of 50km.  The procurement procedure of the reno...

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Construction of Mekong River Bridge in Kratie Officially Begins

The construction of the Chinese-funded US$111-million Mekong River bridge in Kratie province officially began on 2 December under the auspices of Cambodian Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian.  The project includes the construction of a new Mekong River bridge and a new road connecting NR7 to NR60B.  The bridge across the Mekong River will be 1,7...

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Gov’t boosts cement plant investment to meet growing demand

Cambodian Prime Minister Samdech Hun Sen stated that there is a high demand for cement in Cambodia, which requires additional investment, while the five cement factories produce about 9 million tons per year. During the groundbreaking ceremony for the reconstruction and upgrading of two roads in Kampot and Kep provinces on 30 December, PM Hun Sen​ said that Cambodia currently produces about 9 m...

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