Australia to Support Smart City Development in Sihanoukville
The Australian Embassy in Cambodia has selected Sihanoukville as one of the priority destinations for smart city development and will continue to support this plan through the AU$49m Investing in Infrastructure (#3i) program. This is according to a virtual ‘Smart City Initiative Prioritisation Workshop’ held in late June. Second Secretary at the Australian Embassy Anthony […]
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Construction of US$2.5-billion Koh Norea Satellite City 30% Complete
Construction of the US$2.5-billion Koh Norea satellite city being developed by OCIC has reached 30% completion, with the company confirming that construction is on schedule despite the COVID-19 crisis. According to Touch Samnang, a senior official of the Koh Norea Satellite City Development Project, to date, landfilling work is 60% complete, bridge construction at 20%, […]
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Two Months’ Notice Given to PP Sidewalk Businesses: Demolish or Relocate
Phnom Penh municipality has placed a new order giving two months to all business owners to remove or relocate their shops located on sidewalks; otherwise face drastic legal action. In a meeting with authorities from the 14 districts on 29 June, Phnom Penh Governor HE Khoung Sreng ordered the local authorities to take action immediately […]
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PM Hun Sen Urges Private Firms to Conduct COVID-19 Rapid Self-Testing to Save National Budget
Prime Minister Samdech Hun Sen has urged all private firms, especially construction companies and factories, to conduct COVID-19 rapid test on their employees by themselves, to reduce national spending, ease doctors’ workloads, and more importantly, preemptively preventing large-scale spread. PM Hun Sen said on 1 July that if stricter measures are not taken against the […]
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PM Warns Against Abusing COVID-19 Fatality Management to Encroach Upon State Land
Prime Minister Samdech Hun Sen announced this morning that each provincial administration must continue to prepare land as burial and cremation sites for COVID-19 fatalities, as well as to prepare wood for building coffins. However, Samdech Hun Sen strongly warned all officials and influential people to not take this opportunity to encroach on state land […]
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New US$80 million Chinese-funded Preah Kossamak Hospital Building to Start Operation in September
Construction of the new US$80-million Chinese-funded Preah Kossamak Hospital building is going smoothly and is scheduled to begin a test operation in September and the full operation earlier next year. Minister of Health HE Mam Bunheng revealed the progress during a construction site inspection yesterday. “Before the Lunar New Year 2022, the construction of Cambodia-China […]
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China Starts World’s Second Largest Baihetan Hydropower Dam Project
On Monday 28 June, China began operating the world’s second largest Baihetan hydropower station on the upstream branch of China’s Yangtze River, reported Reuters. The Baihetan dam is 948 feet tall and is located on China’s longest river at the border between the southwestern provinces of Yunnan and Sichuan. In the first stage, two 1-gigawatt […]
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Transport Minister, Japan Ambassador Inspect NR5 Construction to Ensure Quality
The Minister of Public Works and Transport, the Japan Ambassador to Cambodia, representatives of Japan International Cooperation Agency (JICA), and the Japanese Technical Inspection firm this morning co-inspected the construction of site of NR5 renovation section fom Battambang to Banteay Meanchey, which is now almost 100% completed. Minister of Public Works and Transport HE Sun […]
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Construction of Khmer-Thai Stueng Bat International Border Checkpoint 20% Complete
The construction of the US$24 million Stueng Bat-Ban Nong Ian international border checkpoint located nearby the existing Khmer-Thai Poipet checkpoint in Banteay Meanchey province is now 21.05%. This is according to a site inspection by the Minister of Public Works and Transport HE Sun Chanthol on the morning of 30 June. Besides giving an update […]
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Interior Ministry to Build New US$20 million Administration Building
The Ministry of Interior will build a new administration building worth approximately US$20 million inside the current ministry complex as it has already received approval from the government. In a letter from the Office of Council of the Ministers dated 29 June, the government agreed in principle to allow the Ministry of Interior to build […]
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The Change in Rental Behaviours Amid Current Market Conditions
Phnom Penh’s condominiums are patiently waiting for recovery, despite limited sales performance during the three-week complete lockdown due to COVID-19 market conditions. Some developers have implemented significant price promotions to clear their unsold inventory, while others have adopted a “wait-and-see” approach and shifted their attention to the daily-rate market and waiting for the market to […]
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How Developers are Offloading their Stuck Residential Inventory in this Challenging Time
COVID-19 has impacted the residential market broadly with no significant improvements during the first quarter of 2021. There were almost no new condominium units launched for the first three months of this year, and most of the major developers are rushing to revamp their strategies, focused on making quick revenue in order to manage and […]
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