Economy and Finance
Preah Sihanoukville set to become sustainable national development hub
Based on the 2030 vision of Urban Planning, the Cambodian government has set Preah Sihanoukville province as a sustainable national development hub in the country’s coastal area, as province booms with investment and tourists. The urban planning report states that Preah Sihanoukville province will be a hub of a modern city, a world’s beautiful beach […]
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Ministry of Planning proposes US$14.4 billion budget for public investment
The Ministry of Planning is proposing a US$14.4 billion budget for public investment projects which is set to get approval from the cabinet in an upcoming meeting. The proposed plan would mean that Cambodia needs about US$14.4 billion for 608 public investment projects in various sectors for a period of three years 2020-2023. Speaking with […]
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Over 16,000 km of roads rebuilt by 2018 says Transport Minister
By the end of 2018, a total of more than 16,000 kilometres of national and provincial roads have been restored and rebuilt, according to the Minister of Public Works and Transport. H.E. Sun Chanthol provided the statistics while reading the achievement report to Deputy Prime Minister Samdech Sar Kheng at the inauguration ceremony of five […]
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Canadian firm receives approval for Cambodian oil and gas concession
Canadian oil exploration firm Angkor, through its subsidiary EnerCam Resources Co. Ltd, has recently gained approval from the Government of Cambodia on its request for a 7,300 km2 oil and gas concession in the Kampong-Som Basin. According to the firm’s announcement on 13 August, the approval will allow Angkor to perform oil and gas exploration […]
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Plan floated to establishing Sihanoukville as logistics centre
The Cambodian government plans to turn Sihanoukville town into one of the major logistics centres in the country, since Sihanoukville is a major centre for the transport of goods and products through its deep-sea port. The development of Sihanoukville town as a logistics centre is aimed at ensuring sustainable economic, social and environmental development and […]
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CDC approves two construction projects worth US$166 million in Phnom Penh and Kampot
The Council for the Development of Cambodia (CDC) on 07 August approved a total of US$165 million in investment in a hotel and a construction materials factory in Phnom Penh and Kampot. According to the announcement, the hotel project is proposed by Royal Field Development Company Co., Ltd, a subsidiary of Chip Mong Group. This […]
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Special economic zone for Mondulkiri province studied
The Cambodian government has been studying the establishment of a special economic zone (SEZ) in the north-eastern area of Cambodia to diversify the economy. The establishment of this SEZ is in line with the economic and social development goals of the northeast area. H.E. Vongsey Visoth, Secretary of State at the Ministry of Economy and […]
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Government Gives Green Light to Another New SEZ in Sihanoukville
The Cambodian government has recently approved the construction of another special economic zone project on more than 55 hectares of land in Sihanoukville, to help boost the kingdom’s economic growth. This approval comes as a result of the second inter-ministerial meeting regarding the Environmental and Social Impact Assessment (ESIA) discussion on this project on 01 […]
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Will the increase in China’s domestic property developer bankruptcies affect Cambodia construction sector?
The 50 percent rise of bankruptcy rate among the home developers due to the economic slowdown in China this year has caused a controversial question whether or not it would affect the Cambodian construction sector since a large portion of the investment within this sector is the investment from China. Due to restrictions on borrowing […]
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Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit
Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which […]
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