HLH, Hei Shi Mineral to Co-Invest US$20 million in Mineral Resource Exploration in Kampong Speu
Hong Lai Huat (HLH) Group’s wholly owned subsidiary HLH Agriculture (Cambodia) signed an MOU with Cambodia Hei Shi Mineral on 08 June to co-invest an estimated US$20 million in mineral resource exploration and mining at the Agriculture Hub in Kampong Speu, reported The Edge Singapore. According to the 10-year MoU with a renewal option, both […]
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Cambodia’s First Industrial Gold Mine Officially Operational, Expected to Produce 3 Tons Per Year
Cambodian Prime Minister Samdech Hun Sen has announced that Cambodia’s first industrial gold mining business in Mondulkiri will be officially operational from 21 June onwards, marking another major achievement for Cambodia. Located in Okvau, Kaew Seima district in Mondulkiri province, this industrial gold mining business is operated by Renaissance Minerals (Cambodia) Limited, where the firm […]
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Australia Provides US$900,000 Grant for Cambodia’s Off Electrification Project
The Australian government has provided grant aid of US$900,000 to Cambodia for the development of an off-grid electrification project. The grant agreement was signed by Secretary of State of Ministry of Mines and Energy HE Ty Norin and Australian Charge d’Affaires Luke Arnold on 9 June. The grant is 1.2 million Australian Dollars (approximately $920,000) […]
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Construction of Steung Treng Water Treatment Plant 90% Complete
The construction of the ADB-funded water treatment plant in Steung Treng Province is 90% complete and is scheduled to go online by the end of 2022. Deputy Director of the Urban Water Supply Project Sorn Chanthy said on 09 June that the instalment of the main pipe is over 35% complete, while the team is […]
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CVEA Intends to Standardise & Systemise Sales Agents Nationwide
Senior members of the Cambodian Valuers and Estate Agents Association (CVEA) are considering opening a university to train all real estate agents nationwide and also planning to integrate all agents into a single management system. The proposal was made after the association discovered that the majority of investors do not trust Cambodia’s sales agents due […]
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Large-Scale Fishery Research Centre in Steung Treng Set for Completion in October
The construction of a large-scale fish hatchery research and production centre in Stung Treng province is scheduled for completion in October, according to the Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon on Wednesday 09 June. Being built on over 10 hectares of land, the project is located in Ba Deum village, Sam Khuy […]
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Local Experts Share Two Key Strategies for Sustainable Real Estate Market Development
Real estate experts have suggested that for long-term and sustainable development of the real estate market, all related firms should not only focus on improving the quality of their own sales agents but also consider educating their customers. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat […]
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Oil Production Continues Despite Driller Announcing Liquidation, Says Mines Ministry Spokesman
The Ministry of Mines and Energy has confirmed that KrisEnergy (Cambodia) still continues its oil drilling operation as normal despite the parent company KrisEnergy recently announcing its liquidation due to its inability to pay debts. HE Cheap Sour, General Director of Petroleum at the Ministry of Mines and Energy, confirmed that KrisEnergy (Cambodia) is still […]
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Vietnam’s Phu Quoc Island Intends to Challenge Phuket and Bali as Region’s Top Tourist Destination
The Vietnamese government and private companies have recently expressed their ambition to further develop Phu Quoc island to become the region’s leading tourist attraction, challenging other island paradises such as Phuket in Thailand and Bali in Indonesia, reported Nikkei Asia. Phu Quoc used to be famous for only its fish sauce production before 2013, but […]
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5 Essential Things to Know When Owning Adjoining Property in Cambodia
Did you know that according to the Civil Code, the owner of a landlocked property/land can demand to build an access route passing through neighbouring lands? And if the neighbouring landowner does not agree to the request, you can file a complaint to the court? This is just one of the rights for adjoining property […]
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Kep Authorities Plan to Develop Two New Public Beach Resorts
The Coastal Development Committee is currently studying locations and planning to develop two new public beach resorts in Kep province, according to a meeting of the Kep Provincial Administration on Tuesday 08 June. The two locations that the committee is considering are a natural beach in Thmey Village, Sangkat Prey Thom in Kep City; and […]
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Property Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2021 before 30 September, according to a GDT announcement on Tuesday 08 June. GDT added that, to date, there are still many property owners yet to declare their […]
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