Projects Development
Cambodia, Japan Inaugurate Multiple Education Facilities in Battambang
Multiple infrastructure and facilities within the Battambang Provincial Teacher Education College have recently been inaugurated under the presidency of Education Minister HE Hang Chuon Naron and Japan Embassy representative Karimata Atsushi. Those facilities include an administration building with 2 floors and 29 rooms, a teaching building with 3 floors and 30 classrooms, an IT & […]
Read More
Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. […]
Read More
Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
Read More
Tourism Development Master Plan focuses on three main connections in Mondulkiri province
The Master Plan on Tourism Development in Mondulkiri province 2022-2035 focuses on connecting the three main means of transportation for Mondulkiri province. The sixth strategic direction of the master plan stated the connection to facilitate travel and integrate within the national and regional framework, in three ways air, waterway, and expressway connections. Currently, the Royal […]
Read More
Gov’t plans to build standardized heavy trucks parking lots around Phnom Penh suburb
The Ministry of Public Works and Transport (MPWT) has requested Phnom Penh Hall to set up standardized parking lots for heavy vehicles and cargo trucks in Phnom Penh, especially in the suburban area. HE Min Manavy, secretary of state for the Ministry of Public Works and Transport, said on 7 April that the Ministry has […]
Read More
Gov’t approves four investment projects worth US$31M in PP, SHV, & Svay Rieng
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest in four projects worth over US$31 million in Phnom Penh, Sihanoukville, and Svay Rieng. The first company is Covered Bridge Cabinetry Manufacturing Co., Ltd. investing US$8.8 million in building a furniture factory in Sihanoukville. The second company is […]
Read More
Five foreign firms eyes resuming oil extraction in Cambodia after KrisEnergy fails
Five foreign companies from different countries have been interested in resuming the oil extraction operation in Block A and exploring other oil blocks in Cambodia after KrisEnergy announced bankruptcy last year. HE Cheap Sour, Director General of the General Department of Petroleum, Ministry of Mines and Energy, said on Friday 8 April that those five […]
Read More
PP-Bavet Expressway Final Study to Be Completed in 3 Months
The Ministry of Public Works and Transport (MPWT) has set a 3-month deadline for the Chinese firm to finish the final study of the Phnom Penh-Bavet Expressway before moving to the construction stage as planned. The deadline was set during a meeting on 7 April between MPWT Secretary of State So Victor with representatives of […]
Read More
Prudential Invests US$5 million in CAIC Guaranteed Bonds
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the […]
Read More
Korea Eyes Investments in Water Supply, Wastewater Treatment & Recycling Systems in Cambodia
South Korea firm -Techcross Water & Energy – has sought to understand investment opportunities in Cambodia by focusing on the environment, such as water supply, wastewater treatment, and recycling. The information was shared in a meeting between Commerce Minister HE Pan Sorasak and representatives of Korea’s Techcross Water & Energy held in Phnom Penh in […]
Read More