Local News
Gov’t Approved Over US$7.7 billion in Construction Projects During 2020, Down by 32% Y-o-Y
A recent report by the Ministry of Economy and Finance has shown that the value of approved construction projects during 2020 was recorded at US$7.7 billion, down 32% compared to 2019. The report added the total area of the approved projects is about 17 million square metres, which was also a decrease of 27%. The […]
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US$160-million Morodok Techo Stadium Almost 100% Complete
Construction of the US$160-million Chinese-funded Morodok Techo Stadium is almost 100% complete and is expected to be finished next month despite the recent surge in the COVID-19 community outbreak. The stadium is being built by China State Construction Engineering Corporation on an area of 94 hectares in Sangkat Prek Ta Sek of Russey Keo district. […]
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Gov’t Approves Three Major Investment Projects Worth Approx. US$8 Million
The Council for the Development of Cambodia (CDC) has recently approved three major investment projects worth approximately US$8 million in Phnom Penh, Kandal and Kampong Speu. The first permit was given to Vanzel Printing & Packaging (Cambodia) Co., Ltd, which will invest US$2.1 million to build a garment and printing accessories factory along NR3 in […]
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Comparing Two Types of Real Estate Business Licenses in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or long-term leasing must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential development building apartments and villas for sale, 2) co-ownership building business […]
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Japanese Firm Wins Bid for Choeung Ek Wastewater Treatment Plant Construction Work
A Japanese private company Kubota Metawater Joint Venture has won a bid to construct a US$27 million large-scale wastewater treatment plant at Choeung Ek Lake in the southern part of Phnom Penh. The bidding ceremony was held in Tokyo, Japan on 12 April. With the capacity to treat water up to 5,000 cubic metres/day, the […]
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Chinese Loan Not a Debt Trap, Says Chinese Embassy
The Chinese Embassy in Cambodia yesterday issued a letter stating that China has no intention of setting up a debt trap or seizing Cambodia’s sovereignty. However, the Chinese loans rather have helped promote development in Cambodia to a large extent. The letter was issued in response to RFA’s recent allegations that the Chinese loans to […]
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Sihanoukville Not Best Strategic Spot for Chinese Naval Base: The Diplomat
An article by The Diplomat has recently asserted that Sihanoukville’s Ream bay is not the ideal strategic spot for a Chinese naval base. The article was written by local analyst and researcher Chen Heang where he provided four key arguments to support his claim. 1) Ream Bay is not deep enough to undertake major naval […]
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Over 50 Private Firms Show Interest in Cambodia’s Infrastructure Investment
More than 50 national and international companies have recently expressed interest in investing in Cambodia’s infrastructure, according to an online meeting between the Ministry of Public Works and Transport (MPWT) and those firms on 07 April. MPWT Minister HE Sun Chanthol, in response, fully supported and welcomed all investments related to infrastructure. The minister has […]
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Cambodia Produces Over 8.5 Billion Kilowatt-Hours of Electricity in 2020
Cambodia produced over 8.5 billion kilowatt-hours of electricity through various power plants such as coal-fired and hydropower plants over the course of 2020, a slight decrease of approximately 1.87% compared to 2019, according to Prime Minister Samdech Hun Sen’s recent keynote issued on 5 April. He added that the number of houses connected to the […]
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Old Monivong Bridge Closed for 3 Days for Repairs
The old Monivong Bridge will be temporarily closed for three days for new pavement works, according to a Phnom Penh Municipality announcement on 07 April. The traffic closure starts from 8am on 08 April until 10 April 2021. Therefore, the traffic will be diverted to the new Monivong Bridge, in both directions. The renovation of […]
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