Laos links 195MW of power to Cambodia’s grid
Laos has linked 195MW of hydropower from one its dams to Cambodia’s national grid with the power transfer scheduled to come into operation in the first quarter of 2020. According to Ministry of Mines and Energy, the power linked to a transmission line in Cambodia’s Stung Treng province is subject to a power purchase agreement […]
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Park Land 50M Opens For Sale With Offer 8% Discount
Phnom Penh: Chip Mong Land will open for sales its Park Land 50M project on 18 to 19 January 2020 with offering a special discount of 8 percent and 100 percent instalment. The Park Land 50M project is located at the corner of street 50M and street 30M in Chamkor Duong area which is an […]
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NBC: Building material imports to continue growing in 2020
Imports of building materials are projected to continuing growing in 2020, according to the National Bank of Cambodia, an indication of the sustained health of the construction sector. According to the Macroeconomic and Banking for 2019 and 2020 Outlook report of the National Bank of Cambodia (NBC) issued on 03 January, the construction sector is […]
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PM says new construction law to help reduce building collapse
Prime Minister Samdech Techo Hun Sen said the newly adopted construction law will help reduce building collapses caused by failure in construction standards and quality. The Prime Minister made the statement as he was speaking at a press conference on 05 January 2020 on the result of the rescue mission of the building collapse in […]
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59 Dead and Injured in Kep Building Collapse
After more a rescue mission lasting more than 43 hours, a total of 59 dead and injured were confirmed as a result of the building collapse in Kep, according to a press conference given by Cambodian Prime Minister Samdech Techo Hun Sen. According to Samdech Techo Hun Sen, the building collapse in Kep province on […]
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Six-storey building collapses in Kep province, killing 7 and injuring 25
A six-storey building under construction in Kep province collapsed on 03 January, killing 7 people and injuring 25 others as rescue work continues. The building, located in Kep Village, Sangkat Kep, Kep City, Kep Province, collapsed at 4:15 pm on 03 January. According to a press release from Kep Provincial Hall, as of 04 January, […]
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Cambodia’s economic growth expected to reach 7% in 2020
Cambodia’s economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that […]
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Ministry of Interior to reform national level land management-related service
The Ministry of Interior is committed to strengthening the quality of service providing information about land management, urban planning, and construction at the national level through a one-window service to give quality service provision to the people. The study plan was discussed in a meeting between H.E. Khoung Sreng, Phnom Penh Governor and an inter-ministry […]
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Experts: Luxury hotel closures related to internal issues
A number of four-star and five-star hotels have recently announced the closure of their businesses citing economic reasons for their demise. Tourism experts have said that business closures are not a bad sign for tourism in general. The 23-year-old former Inter-continental in Phnom Penh -The Great Duke Hotel – announced the closure of its operations […]
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France Provides US$100 Million for Clean Water Treatment Plant Construction in Bakeng Phase II
French government through the Agence Francaise de Developpement (AFD) has provided US$101 million in sovereign loan for Bakeng Clean Water Treatment Plant in Phase II which is capacity of producing 195,000 cubic meter per day. According to a press release issued on December 31 from Ministry of Economy and Finance, agreement of the sovereign loan […]
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Two Footbridges Constructions in Phnom Penh Launched
Phnom Penh City Hall started construction of two footbridges along the Mao Tse Tong Blvd to facilitate the pedestrians. Once the constructions finished, the footbridges in Phnom Penh will be 5. The groundbreaking ceremony of the footbridge constructions was held on December 28 under the presence of H.E. Khoung Sreng, Phnom Penh Governor. The footbridges […]
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Royal Group announces US$300 million investment on Koh Rong Island
The Royal Group, one of the largest investment companies in Cambodia, has announced a joint venture investment project with a Chinese investment company which worth 2 billion Chinese Yuan (approximately US$285 million) to build a five-star hotel and resort on Koh Rong Island in Preah Sihanouk province. The project was announced in a meeting with […]
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