Credit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions’ loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of […]
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US Firm Wins Bid for Singapore’s Mass Transit Line
Giant US engineering firm Jacobs has won a bid to act as a design consultant on the construction of the Tavistock Station and tunnels linking it in the first phase of Singapore’s Cross Island mass transit (MRT) line. The US$302 million contract is an integral part of the 29km underground line which will be Singapore’s […]
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Construction of New 14-Storey Information Ministry Building Nearly 90% Complete
Construction of the new 14-storey building of the Ministry of Information is nearly 90% complete and is set for full completion soon, according to the site inspection by Minister of Information HE Khieu Kanharith on 1 July 2022. Located inside the Ministry of Information along Monivong Blvd., this new building has 14 floors, is 65 […]
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A 2,000-meter concrete road in Arey Ksat was officially inaugurated
A 2,000-meter-long concrete road in Arey Ksat commune, Lvea Em district was officially inaugurated on June 30, 2022, under the presidency of HE Kong Sophoan, Governor of Kandal Province. This concrete road is 2,000 meters long, 9 meters wide and 0.2 meters thick in Barach village and Svay Chrum village, Khsach Kandal district and Arey […]
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ADB Approves US$4.3bn Loan for Philippines Rail Line
The Asian Development Bank has announced the approval of a US$4.3 billion loan for the construction of the 55km South Commute Railway Project between Metro Manila and Calamba. The project will include 18 stations and a connecting tunnel as an interchange with the planned Metro Manila Subway. The line will ultimately form part of the […]
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Century Entertainment Looking to Launch Cambodian Table Gaming Business in September
Hong Kong-listed Century Entertainment International Holdings Ltd says it hopes to launch operations of its gaming table business at a new casino in Dara Sakor, Cambodia, by late September following a series of setbacks. Announcing its financial results for the year ending 31 March 2022 – which saw revenue plummet 72.5% to HK$200,000 (US$25,500) but […]
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The United States is choosing priorities to invest in transport projects in Cambodia
The United States Department of Transportation (DOT) is considering prioritizing investment in transportation projects in Cambodia, while the United States is currently in discussions with the Department of Public Works and Transport to explore the sector. Discuss video work remotely on June 24, 2022. Jiga Phat, Transportation Technology Technology Policy Analyst at the US Department […]
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Northern Phnom Penh’s Swiss-designed Samraong Village launches mock-up units
Prek Pnov’s largest residential development project Samraong Village has officially launched its new mockup unit, the twin villa, giving more choices to buyers and potential key real estate players in the Northern region of Phnom Penh capital. Developed by renowned real estate developer Prince Huan Yu, Samraong village is dedicatedly designed by a Swiss architect, […]
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MRD Turns 16 Km Red Gravel Road into Concrete Road Along Mekong River in Siem Bouk District
Ministry of Rural Development (MRD) has been constructing a 16 km red gravel road into a concrete road along the Mekong River from Kang Memay Village, Sangkat Preah Bat, Krong Stung Treng to Damrei Phong Village, Siem Bouk District, Stung Treng Province, according to National Radio reported on 29 June 2022. The new concrete road […]
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Korea Provides US$ 2.5M Cambodia to build Occupational Safety and Health Training Center
The Korea Occupational Safety and Health Agency (KOSHA) and the Ministry of Labor and Vocational Training have signed an agreement to implement the establishment project of an occupational safety and health training centre for 3 years (2022-2024), which is worth over US$2.5 million, according to the meeting on 29 June 2022. In addition to the […]
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CDC Approves A New project in Kampong Speu Worth US$3.5M
The Council for the Development of Cambodia (CDC) has approved a private company to invest about $ 3.5 million in Kampong Speu province. This project is invested by HAO JIA LI (CAMBODIA) GARMENT CO., LTD To establish a garment factory with an investment location in Bosta village, Kaheng commune, Samrong Tong district, Kampong Speu province. […]
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CCA to Host Business Network Event after Postponed Due to Pandemic
The Cambodia Constructors Association (CCA) has decided to host its business network event on 08 July 2022, after being delayed during the COVID-19 pandemic. Scheduled to be held at the Koh Pich City under the main sponsor by OCIC and co-sponsor by Taing Cheng Oing Construction & Import-Export, and HTS Water Pipes. The event will […]
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