Construction Focus
Kampot Tourism Port 84% Complete, Set for Operational by Year’s End
The overall construction on the Kampot Tourism Port is over 84% complete as of September and is scheduled for final completion by the end of 2021, according to a site inspection by the Minister of Tourism HE Thong Khon on Wednesday 29 September. Meanwhile, construction of the passenger terminal is also over 73% completed. Located […]
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ADB Provides US$82-million Loan to Upgrade Roads in Prey Veng & Kandal Provinces
The Asian Development Bank (ADB) has approved an US$82 million loan to rehabilitate 48km of national and provincial roads in Prey Veng and Kandal provinces to boost economic development along the Greater Mekong Subregion (GMS) Southern Economic Corridor. According to a press release issued on 29 September, the project will also help the Ministry of […]
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World Bank, IMF forecast Cambodia’s 2021economic growth at 2.2%, approx. 4-5% for 2022
The World Bank (WB) and the International Monetary Fund (IMF) have recently lowered Cambodia’s economic growth forecast in 2021 to only 2.2% but predicted that the rate will rebound to 4.5 to 5% in 2022. According to a World Bank report, the 2.2% is the drop from a 4% forecast in April 2021 due to […]
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WTM: Cambodia’s Accusation of Oil Theft Without Foundation; Vessel Under No Obligation to Return
World Tankers Management (WTM), the firm managing the alleged missing oil ship, released a statement on Monday that Cambodia’s accusation of theft was without foundation, and the vessel was under no obligation to return to Cambodia as requested by the government. As reported in Nikkei Asia on 28 September, the firm said that the question […]
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MPWT to Launch Training Campaign for Officials on New Port EDI System in November
The Ministry of Public Works and Transport (MPWT) will launch a campaign to train relevant officials on how to use the new electronic data exchange system known as Port EDI in mid-November 2021. Secretary of State of the MPWT HE Ros Vanna said during the meeting on Tuesday 28 September that the first Port EDI […]
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Japan’s Mitsubishi Invests in Building SEA’s Biggest Onshore Wind Power Plant
Japan’s Mitsubishi Corp has purchased 24% in a 600-MW onshore wind farm project in Laos through its subsidiary Hong Kong-based Imperial Energy Asia Development Ltd (IEAD). The development activities of the project will start next year and are to be built in a southern Laos province. Power generation is set to start in 2025. Imperial […]
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JICA’s Phnom Penh Flood Protection Phase 4 Completed, Officially Put into Use
Phnom Penh Flood Protection and Drainage Improvement Project Phase 4 which was built under a Japanese grant aid of US$36 million, was completed and officially put into use on 17 September. Though equipped with the new flood protection system, Phnom Penh city can be still at risk of flooding during the heavy rainy reason if […]
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Ford, SK Innovations Co-Invest US$11.4 billion to Build Enormous Electric Vehicle Factories
Ford Motor Co. and South Korea-based energy company SK Innovations are co-investing US$11.4 billion to build two new enormous manufacturing campuses for electric vehicles, reported CNN on 27 September. Ford plans to share US$7 billion in the investment, which is part of its mega US$30 billion spending toward its shift to building more electric vehicles […]
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Mineral Resources in Ratanakkiri ‘s Oyadao District Sufficient for Gold Mining, says Indian Research
Indian-owned Mesco Gold (Cambodia), which has been licensed to conduct exploration for mine in Ratanakkiri province’s Oyadao district, has announced that the amount of mineral resources in the designated area is high enough to set up a gold refinery in the future. HE Eung Dipola, Director General of the General Department of Mineral Resources, Ministry […]
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Cambodia Mines Over 555kg of Gold in 3 Months; 355kg Exported for Purification
Renaissance Minerals (Cambodia) Limited has refined a total of 48 gold bars, or equivalent to approximately 555 kg as of 27 September, after three months of operation in O’Khvav area, Keo Seima district, Mondulkiri province. A report from the Ministry of Mines and Energy shows that the company has to date exported 34 gold bars, […]
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