Offshore Block D oilfield agreement signed
The Ministry of Mines and Energy has signed an offshore Block D oilfield agreement with Cambodia Resources Energy Development Co. The oil agreement was agreed in December last year and the company is scheduled to start exploration for oil in the Block D in 2020, according to H.E. Cheap Sour, Director-General of Petroleum at Ministry […]
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Domestic cement factories produced nearly 8 million tons of cement in 2019
Local cement factories increased production to almost 8 million tons in 2019, while imported cement was valued at US$129 million in response to the high demand driven by the kingdom’s booming construction sector. A report from the Ministry of Mines and Energy shows that at present, Cambodia has five cement factories with the capacity to […]
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Construction on NR 10 connecting Battambang to Koh Kong to begin in March
Construction work on the new National Road No.10 connecting Battambang to Koh Kong is scheduled to begin in March, with the ground-breaking ceremony to be presided over by Prime Minister Samdech Hun Sen. The announcement on the ground-breaking schedule was made by Samdech Hun Sen during the ground-breaking ceremony for the renovation of National Road […]
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Government to prioritise Chroy Changvar – Svay Chrum Bridge with US$700m S. Korea loan
Prime Minister Samdech Hun Sen will prioritise the Chroy Changvar-Svay Chrum bridge by utilising the US$700 million loan recently provided by the South Korean government for 2019-2023. Samdech Hun Sen announced the plan during the ground-breaking ceremony for the renovation of National Road 2 and 22 on 11 February. “According to the feasibility study, the […]
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Three Japanese firms plan to invest in Phnom Penh waste management system
Three Japanese firms have expressed their interest in investing in a waste management system in Phnom Penh, with the government currently planning to renew the system in the interests of efficiency. The Japanese firms raised the issue during a meeting between Cambodian Prime Minister Samdech Hun Sen and the Japanese Ambassador to Cambodia H.E. Mikami […]
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Advertorial: Chip Mong Land to host a grand discount event on Valentine’s Day
Chip Mong Land, Cambodia’s leading real estate developer, will host a grand discount event called “Love @ Condo” on Valentine’s Day 2020. The event will be held at the Chip Mong Noro Mall from 14 to 16 February from 9 am to 9 pm, the event will give away special officer and hundreds of discount […]
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World Bank: Large construction and property credit downside risk for Cambodia’s economy
The combination of construction, real estate, and mortgage businesses captured the largest share in bank credits, which is one of the main downside risks for the kingdom’s economy, according to the World Bank. According to the latest Economic Development and Outlook Report published in November 2019, economic risks for Cambodia are due to three main […]
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Total power supply reaches 3.382 MW in 2019
Power supply generated from different power sources reached 3.382 MW in 2019, a year-on-year increase of 28% compared to 2018. Government officials said that the increasing power supply was due to the high demand of power consumption amid rapid development. Data from the Ministry of Mines and Energy shows that as of 2019, main power […]
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PM Hun Sen: Akreiy Ksatr to become the next satellite city
Areiy Ksatr and Svay Chrum, on the east bank of the Mekong River from Phnom Penh, will be a huge satellite city in the future, especially after the bridge connecting Chroy Changva to Svay Chrum becomes a reality, according to Prime Minister Samdech Hun Sen. The statement was made during the ground-breaking ceremony for the […]
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Renovation on NR58 complete, scheduled to open by late February
The renovation on National Road 58 from Banteay Meanchey to Oddar Meanchey has been completed and will be officially inaugurated on 26 February 2020. According to a report from the Ministry of Public Works and Transport, the inauguration ceremony will be presided over by Prime Minister Samdech Hun Sen. The renovation project has a total […]
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PM Hun Sen breaks ground on Korean-funded NR 2 and 22 upgrade
Prime Minister Samdech Hun Sen together with the Ambassador of the Republic of Korea to Cambodia Park Heung Kyeong presided over the ground-breaking ceremony on 11 February of the National Road No. 2 and 22 improvement project, connecting Takmao to Angk Ta Saom. The restoration section of National Road No.2 covers a total length of […]
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Government to transform Sihanoukville to be a second Shenzhen
The Royal Government of Cambodia has confirmed its plan to transform Sihanoukville into an industrial city with special economic zones and manufacturing for exports, similar to the Shenzhen industrial city of China. Speaking at the Public Forum on Macroeconomic Management and Budget Law for 2020 on 6 February, H.E. Vongsey Visoth said that the government […]
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