Investment and Funding
First Wellhead Platform of Apsara Oil Field Complete, Going Online This Year
The construction of the minimum facility wellhead platform (Mini-Platform) for the Apsara oil is completed, while the first oil production is expected to be within this year. According to KrisEnergy’s press release on 27 August, the company has completed the mini-platform for Cambodia’s maiden oil field in Indonesia on 25 August. This fabricated structure is […]
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Controversial China-backed Koh Kong Airport to Complete First Phase This Year
The massive controversial Dara Sakor Aiport Project in Koh Kong province is set to see completion of the first phase of construction by the end of this year. The announcement was made during a meeting between Minister of the Secretariat of Civil Aviation HE Mao Havanna and Chairman of the Board of Union Development Company […]
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Government Approves US$40 million Solar Power Plant in Banteay Meanchey
The Council for the Development of Cambodia (CDC) on 25 August gave the green light to Ray Power Supply Co., Ltd to invest US$39.8 million to build a 30-megawatt solar power plant in Banteay Meanchey province. Located in Russey Khang and Samrong Thom villages of Preah Net Preah district, the project is expected to create […]
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Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Cambodia, Japan Discuss Port Development in Sihanoukville
Cambodia and Japan have recently discussed the development of new deep container ports in Sihanoukville, aiming to expand economic activities between the two nations. The project was raised for discussion during the two-day official visit of the Japanese Foreign Affairs Minister Motegi Toshimitsu in Cambodia on August 21-22. The discussion is timely given that Cambodia […]
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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US$25 million Coastal Business Centre Proposed for Kampot
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star […]
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How to avoid disputes in property sale and purchase transaction
The real estate sector in Cambodia is growing steadily. The Cambodian government has thus far closely monitored and issued regulations to ensure that all types of land transactions being done legally. Despite the government’s attempt, there are still some loopholes which leads to disputes while making sale and purchase transaction of the property. Therefore, to […]
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US$230 million Pursat River Dam Construction Starts
Construction of the US$230 million 80MV dam in Pursat province has begun and is set to go online by the end of 2023, according to the Ministry of Mines and Energy’s spokesman. Located on the Pursat River in Pramuoy commune, Veal Veng district, the project is being built by South Korean firm SPHP (Cambodia) Co […]
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