Construction Focus
Chinese Company wants to set up an electric car assembly plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile aims to invest in industrial technology by setting up a factory and assembling electric vehicles in Koh Kong province. This is according to the meeting through the online system on October 22, 2022. The meeting focused on building good relations so that Chinese investors can come to understand the […]
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Two Ring Road Constructions Worth US$140m Planned for Siem Reap
The Cambodian government plans to build two ring roads in Siem Reap city, the northern ring road and the southern ring road, to facilitate traffic in Siem Reap province. The study of the two ring roads has been recently completed, and the construction will proceed under a concessional loan from development partners, Prime Minister Samdech […]
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PM: No charge for electricity connection fee in Run Ta Ek & Peak Snaeng Development Zone
Prime Minister Samdech Hun Sen has ordered Electricité du Cambodge (EDC) to not charge the electricity initial connection fee to the people living in the Run Ta Ek and Peak Snaeng developments to help ease the expense of moving to a new place. Speaking at the third meeting with local people on 21 October, PM […]
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Cambodia Urges Chinese Firm to Expand Real Estate Investment in Cambodia
The Ministry of Commerce has asked Sunwah Property (Cambodia), a subsidiary of Hong Kong-based Sunwah Group, to expand its investment in the real estate sector in Cambodia besides other successful businesses the firm operating in Cambodia. The request was made by HE Kem Sithan, Permanent Secretary of State of the Ministry of Commerce, in a […]
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Cambodia-Korea Friendship Arey Ksat Bridge in Phnom Penh to be Built in 2023
The Cambodia-Korea Friendship Bridge crossing the Mekong River from the night market to Chroy Changva and Arey Ksat, is set to begin construction in 2023, according to HE Khuon Sodary, Second Vice President of the National Assembly. HE Khuon Sodary said during a meeting with a delegation from Kyungyu, Republic of Korea, on 19 October […]
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PM: Residents of Run Ta Ek to Get Full Hard Titles, Not Social Concessional Titles
People who relocated from Angkor Park to Run Ta Ek and Peak Sneng will receive full hard title deeds, not social concessional ownership documents, according to Samdech Prime Minister Hun Sen. PM Hun Sen gave this order during the site inspection on 21 October, asking the Ministry of Land to conduct the systematic land registration […]
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ADB provides more than US$ 32m in financing for border welfare
The Asian Development Bank (ADB) has approved $ 32.5 million in financing to improve access to quality health care in Banteay Meanchey, a border province in northwestern Cambodia. This is according to the press release on October 20, 2022, of the Asian Development Bank. This border area is an area where migrants leave and return, […]
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Construction of Siem Reap-Angkor International Airport Project 44% Complete
The construction of Siem Reap-Angkor International Airport was 44% completed by the end of September 2022, as the company is accelerating work to meet the deadline by March 2023. HE Sin Chansereyvutha, Under-Secretary of State and spokesman for the Secretariat of State for Civil Aviation, said on 20 October that the company is continuing construction […]
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PPAP Earns Over US$30m in Revenue in First 9 Months of 2022, a 21% Increase Y-o-Y
During the first nine months of 2022, the Phnom Penh Autonomous Port earned over US$30 million in revenue before auditing, an increase of 21% compared to the same period in 2021. According to the press release on 7 October, the total revenue came from port operation revenue of US25 million revenue, from the port authority […]
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Booyoung Khmer Mulls Establishing Fintech University in Cambodia
The president of the Booyoung Khmer Co., Ltd expressed his strong interest in opening a university focusing on tax and financial technology (Fintech) in Cambodia in the near future. The proposal was raised during a meeting between Mr Lee Joong Keun, President of Booyoung Group of the Republic of Korea, and HE Aun Porn Moniroth, […]
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