FDI in 2021 at US$4.3 billion, 47% drop Y-o-Y
In 2021, Cambodia received a total of US$4,357 million in foreign direct investment (FDI), a decrease of 47 % compared to the amount in 2020 with a total FDI of US$8,250 million. According to the Council for the Development of Cambodia (CDC), FDI from China remains the top one at US$2,326 million, a 67% increase […]
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PPAP: Construction of Seven River-Based Ports to Cost Approx. US$70 million
The construction cost of the planned seven river-based ports is estimated at over US$70 million in total, or at least around US$10 million, as it varies depending on the condition and location of each port. HE Hey Bavy, Director General of the Phnom Penh Autonomous Port (PPAP), said on 25 April that four of the […]
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Construction on US$1.3 billion Kampot Multi-Purpose Port to begin in early May
Construction on a new US$1.3-nillion multipurpose port & logistics centre in Kampot province.is set to begin in early May, according to Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol said on 27 April during the SHV port inspection that the development of infrastructure, roads, railways and ports are very vital, responding […]
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Cambodia’s Four Coastal Provinces Receive US$100m for Sustainable Marine Development Projects
A US$100 million fund from the Asian Development Bank (ADB) and French Development Agency (FDA) has been approved for implementing sustainable marine development projects in four of Cambodia’s coastal provinces including Koh Kong, Sihanoukville, Kampot and Kep. ADB will contribute US$70 million including loans and grant aid, while AFD will provide US$30 million. Kep Deputy […]
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Kandal Authorities Establish Special Working Group to Strengthen Waste Management
The Kandal Provincial Administration has established a special committee and sub-committee to strengthen waste management throughout the province and promote a clean, green community. According to the order dated 25 April 2022, the committee has a total of 14 members, chaired by the mayor or district governor. The role is to prepare legal documents and […]
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Government, JICA Agree on Loan for SHV Port Expansion Phase 2 & 3
Sihanoukville Autonomous Port, the Ministry of Economy and Finance and JICA have agreed on the loan package for the second and third phases of the Sihanoukville port expansion projects. The loan agreement from JICA to Sihanoukville Autonomous Port comes after JICA provided a US$203 million loan for the first phase of a container terminal expansion […]
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Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended to End of 2022
The government has decided to extend stamp duty tax exemption for property worth equal to or under US$70,000 till the end of 2022. The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued to the end of 2022, as part of the government’s measures to boost economic […]
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US$40 million Calmette Hospital’s Multipurpose Building 92% Complete
Construction of the Calmette Hospital US$40-million multipurpose extension building has reached 92% completion as of April this year, according to the site inspection by Health Minister HE Man Bunheng on 27 April. HE Man Bunheang said that this building is a major development in the health sector transforming Calmette into a modern and more qualified […]
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ELT, Pointer Join Hands Developing New Large-Scale Innovative Residential Project in Southern Phnom Penh
Two renowned key real estate players—ELT Development and Pointer Property –have joined hands to develop a new residential development in the southern part of Phnom Penh along Hun Sen Blvd, namely Borey ELT Courtyard 60m. ELT Development is a reputable company and has been actively involved in building human resources and education in Cambodia for […]
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GDT to Send Property Tax Bills to Taxpayers’ Homes Annually to Encourage On-Time Payment
The General Department of Taxation (GDT) is planning to issue annual property tax invoices, just like water and electricity bills, and send them to taxpayers’ homes, to increase the efficiency of property tax collection. The remarks were made by HE Kong Vibol, GDT Director-General on 26 April 2022. “We are advising the units under GDT […]
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MPWT Launches Cambodia’s Third Charging Station in SHV
The Ministry of Public Works and Transport (MPWT) has launched the kingdom’s third EV charging station at Furi Time square mall in Sihanoukville. The ceremony was presided over by MPWT Minister HE Sun Chanthol, UNDP representatives, and other relevant officials. Funded by UNDP, this EV charging station was launched after the first EV one opened […]
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Bentley Systems Calls for Nominations for 2022 Going Digital Awards in Infrastructure
Bentley Systems, the infrastructure engineering software company, has announced its call for nominations for the 2022 Going Digital Awards in Infrastructure. This juried awards program celebrates the most exemplary projects that represent going digital advancements in infrastructure. The deadline for nominations is May 23, 2022. The Going Digital Awards in Infrastructure categories include: Bridges and […]
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