New Draft Investment Law to be Submitted for Government Approval Next Week
The long-waited draft of the new investment law will be submitted for government approval next week after the respective ministries completed compiling new inputs with the updated situation in Cambodia. HE Sok Chanda Sophea, Minister attached to Prime Minister and Secretary-General of the Council for the Development of Cambodia (CDC), said that the draft will […]
Read More
Vietnam’s GDP in H1 Increases 5.6%, Driven by Industry & Construction Boom
Vietnam saw a year-on-year GDP growth of 5.64% in the first half of 2021, three times higher compared to the same period last year, thanks to the industry and construction boom as the main driving factor, reported Xinhua. According to the General Statistics Office on 29 June, the growth was driven by sectors such as […]
Read More
Cambodia’s First Car Tire Factory Under Construction, Using Over 150,000 Tons Local Rubber in Next 5 Years
The construction of US$350-million car tire production factory in Svay Rieng, an investment by Chinese firm Cart Tire Co., Ltd, is on track, with the company promising to buy 100% local rubber products estimated to be 150,000 tons in the next five years. This information was revealed during a construction site inspection by H.E. Sok […]
Read More
Cambodia’s Energy Sources to Depend on Cleaner Fossil Fuels in Future: Mines Minister
Cambodia’s energy sources will still depend on fossil fuel in the future to ensure power security and economic growth but will utilise more advanced technology for cleaner usage. Speaking at the First Asia CCUS Network Forum held recently, Minister of Mines and Energy HE Suy Sem said that in 2020, Cambodia’s primary energy supply consists […]
Read More
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 […]
Read More
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%, […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More