PM Hun Sen: Gov’t to spend approx. US$100m in electricity loss this year
The Cambodian government estimates that in 2022, Cambodia may lose approximately US$100 million of the national budget to electricity expenses, due to rising fuel prices caused by the Russia-Ukraine war. Cambodian Prime Minister Samdech Hun Sen stated on 6 July that investment in electricity has already been operating at a loss; however, the government decided […]
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Gov’t to turn mining land into community tourism destinations
Cambodian Prime Minister Samdech Techo Hun Sen has urged relevant authorities to increase their efforts in mine-clearing activities, only to create a safe living environment for locals but also to transform those areas into community tourist sites. PM Hun Sen said after the war ended, the government has actively been turning the minefields into development […]
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CDC to attract more foreign investment through new investment law
The Council for the Development of Cambodia (CDC) has announced Cambodia is ready to facilitate all types of investment, especially foreign direct investment through its newly-enforced investment law. CDC Secretary-General HE Sok Chenda Sophea said during the 6th “ASEAN-Italy High-Level Dialogue on Economic Relations” in Malaysia that Cambodia has been actively amending policies to help […]
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Gov’t Urges All Property Owners to Pay Taxes before September Deadline
The Sihanoukville Provincial Tax Office has urged all property owners to pay their taxes at the Provincial Tax Branch before September 30 to avoid fines. According to the announcement dated 28 June, all property owners can make tax payments through banks such as ACLEDA, Canadia, Cambodia Public, and Vattanac. For some property owners who want […]
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Thailand Urged to Establish Joint SEZs with Bordering Countries
The Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment. Surong Bulkul, Vice-Chairman of the Chamber, said it proposed the government speed up the reopening of border checkpoints between Thailand and Malaysia, Laos, Cambodia, and Myanmar in order […]
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US$1.5 Trillion to be Spent on Smart Infrastructure in China in 2021-2025
China’s State-owned enterprises (SOEs) have revealed plans to invest over US$1.49 trillion in more than 1,300 smart infrastructure schemes across the country during from 2021 to 2025, to boost sustainable economic growth. According to a China Daily report in June, those development projects are not the traditional types like railways, roads, and water conservancy, but […]
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Gov’t Sets Four Roadmaps to Transform Mondulkiri to International Eco-Tourism City
The Cambodian government has set four roadmaps to transform Mondulkiri into an international eco-tourism destination. These four roadmaps were announced on 04 July and will be implemented following the Tourism Master Plan (2021-2035). First, Mondulkiri will be a hub to supply flowers, vegetables, fruit, and meat for both domestic and foreign markets. Second, by 2035, […]
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WB: Cambodia Needs Systematic Approach Beyond Building Roads to Boost Competitiveness
A recent World Bank report has suggested Cambodia needs a clear systematic approach beyond just building physical assets such as roads and bridges to boost its connectivity and trade competitiveness in the region. The report entitled ‘Cambodia Economic Update June 222’ claimed Cambodia’s infrastructure remains underdeveloped, and the country’s performance in logistics has been significantly […]
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Three Major Reservoir Rehabilitation Projects to Support Mondulkiri Tourism Master Plan
The project to rehabilitate and restore three major water reservoirs in Mondulkiri province is an integral part of the work to support the tourism development master plan for Mondulkiri province. The project was part of the discussion among the members of the steering committee for the implementation of the Mondulkiri Tourism Development Plan 2021-2035 on […]
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ROAD CARE Supervision Plan 70% Complete
The process of preparing a “detailed design for an information and data management website” for the road quality control function development project (ROAD CARE Supervision) is 70% complete as reported in a meeting of the technical working group of the Ministry of Public Works and Transport on 01 July 2022. Speaking at the meeting, Mr […]
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Ministry of Resources Starts 21-km Trapeang Thmor Dam Road Construction
The Ministry of Water Resources and Meteorology has started work on the 21-kilometre road on the Trapeang Thmor Reservoir dam in Phnom Srok district, Banteay Meanchey province. The ground-breaking ceremony was held on 03 July 2022, in the presence of HE Lim Kean Hor, Minister of Water Resources and Meteorology. During the operation, the ministry […]
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MEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and […]
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