All News

New underpass planned for Russian Federation Blvd

10 January 2020

Phnom Penh City Hall has unveiled a plan to build a new underpass on Russian Federation Road in front of the Royal University of Phnom Penh to facilitate student travel. The tunnel project was discussed at a meeting held on 9 January in the presence of the Phnom Penh governor Khoung Sreng. The tunnel construction will be built in front of the Royal University of Phnom Penh and the Institute ...

Legal construction warranties and stakeholder liabilities in the construction sector: A new business opportunity for insurance companies

9 January 2020

The Construction Law introduces various legal construction warranties which all contractors and sub-contractors participating in construction projects must now undertake while also imposing new liabilities upon stakeholders in construction projects in Cambodia. As a result, insurance companies now have the opportunity to play a sizeable role in this sector by covering these risks. According to ...

Draft of Master Plan on Transport and Logistics Expected to Finish This Year

9 January 2020

Draft of Master Plan of Intermodal Transport and Logistics Connectivity is expected to finish drafting in mid of 2019 and then submitted to the Council of the Ministers for check and approval. H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport, said that the interim master plan on the intermodal transport and logistics connectivity was completed and approved in a meet...

Laos links 195MW of power to Cambodia’s grid

8 January 2020

Laos has linked 195MW of hydropower from one its dams to Cambodia’s national grid with the power transfer scheduled to come into operation in the first quarter of 2020. According to Ministry of Mines and Energy, the power linked to a transmission line in Cambodia’s Stung Treng province is subject to a power purchase agreement between Don Sahong Dam in Laos and Cambodia’s Electricity Authority (...

Park Land 50M Opens For Sale With Offer 8% Discount

8 January 2020

Phnom Penh: Chip Mong Land will open for sales its Park Land 50M project on 18 to 19 January 2020 with offering a special discount of 8 percent and 100 percent instalment. The Park Land 50M project is located at the corner of street 50M and street 30M in Chamkor Duong area which is an economic potential zone and fast development. The project is just 2 minutes away from Chamkar Doung market,...

NBC: Building material imports to continue growing in 2020

6 January 2020

Imports of building materials are projected to continuing growing in 2020, according to the National Bank of Cambodia, an indication of the sustained health of the construction sector. According to the Macroeconomic and Banking for 2019 and 2020 Outlook report of the National Bank of Cambodia (NBC) issued on 03 January, the construction sector is projected to be one of the main economic drivers...

PM says new construction law to help reduce building collapse

6 January 2020

Prime Minister Samdech Techo Hun Sen said the newly adopted construction law will help reduce building collapses caused by failure in construction standards and quality. The Prime Minister made the statement as he was speaking at a press conference on 05 January 2020 on the result of the rescue mission of the building collapse in Kep which killed and injured more than 50 people. (Read more) ...

59 Dead and Injured in Kep Building Collapse

5 January 2020

After more a rescue mission lasting more than 43 hours, a total of 59 dead and injured were confirmed as a result of the building collapse in Kep, according to a press conference given by Cambodian Prime Minister Samdech Techo Hun Sen. According to Samdech Techo Hun Sen, the building collapse in Kep province on 03 January killed 36 people (14 women) and left 23 people injured (15 men and 8 wome...

Six-storey building collapses in Kep province, killing 7 and injuring 25

4 January 2020

A six-storey building under construction in Kep province collapsed on 03 January, killing 7 people and injuring 25 others as rescue work continues. The building, located in Kep Village, Sangkat Kep, Kep City, Kep Province, collapsed at 4:15 pm on 03 January. According to a press release from Kep Provincial Hall, as of 04 January, the rescue team and local authorities are continuing searches ...

Cambodia’s economic growth expected to reach 7% in 2020

3 January 2020

Cambodia's economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that economic growth will be based on a forecast o...

Ministry of Interior to reform national level land management-related service

3 January 2020

The Ministry of Interior is committed to strengthening the quality of service providing information about land management, urban planning, and construction at the national level through a one-window service to give quality service provision to the people. The study plan was discussed in a meeting between H.E. Khoung Sreng, Phnom Penh Governor and an inter-ministry working group led by H.E. Prak...

Experts: Luxury hotel closures related to internal issues

2 January 2020

A number of four-star and five-star hotels have recently announced the closure of their businesses citing economic reasons for their demise. Tourism experts have said that business closures are not a bad sign for tourism in general. The 23-year-old former Inter-continental in Phnom Penh -The Great Duke Hotel - announced the closure of its operations on 31 December with an economic downturn cit...