All News

Cambodia Receives Usd60 Million Funds From World Bank to Build 25 Roads

14 June 2018

The Ministry of Rural Development has inked a deal with the World Bank to build 25 rural roads in six provinces through USD 60 million of funding from the World Bank. The project is proceeding under the ‘Cambodia and South East Asia Disaster Risk Management Project’. With a total length of 279.78 kilometres, the 25 roads will be DBST constructed and will be built in six provinces including Siem...

Two Chinese Firms Plant to Invest in the Satellite System and Coal-fired Power Plant

14 June 2018

Representatives from two Chinese firms had met with Commerce Minister H.E Pan Sorasak yesterday to disclose their plan to invest in coal-fired power plant and satellite system in Cambodia. According to the Ministry of Commerce (MoC), Mr Liang Shan, deputy director of Shanghai Electronic Communication Technology Co., Ltd said that his company wants to invest in the coal-fired power plant in the ...

National Bank of Cambodia to Build New Headquarters

13 June 2018

The National Bank of Cambodia recently revealed plans to build a new headquarters to replace the old building at the current location on Norodom Boulevard in Phnom Penh. According to an announcement on their Facebook page, the new building will be built in the ‘Prasat Phnom’ structure or the ancient Khmer mountain temple structure. The new building will not only be used as the office, but will ...

Government Encourages Developers to Build Affordable Housing

13 June 2018

H.E Vongsey Vissoth, at the meeting To help improve the lifestyles of average citizens, the Government of Cambodia and the Ministry of Economy and Finance is working on a new regulation to encourage private developers to include affordable housing with low interest rates as 30 percent of their projects. “The government is working on the new policy for affordable housing development in order ...

Construction of National Road 58 to Complete in December

13 June 2018

National Road 58 nearly 100% completed National Road 58—connecting the Plong intersection in Pa-ong village, Kaunkriel commune, Samrong town of Uddar Meanchey to the National Road 5 in Phsar Kandal village, Poipet town of Banteay Menachey—is scheduled to fully complete its consctruction on 10 December 2018, according to the report from the Ministry of Public Works and Transport (MPWT). Const...

WB Provides US$110m Loan to Enhance National Road No.4

13 June 2018

The World Bank has officially granted a loan of US$110 million to enhance Cambodia’s road connectivity following the signing of agreements yesterday, according to the official press release. On 12 July 2018, the Royal Government of Cambodia and the World Bank signed agreements on two projects; the Higher Education Institutions Capacity Improvement Project (HEICP) worth US$90 million; and the Se...

Usd200 Million China Assistance Saught for Koh Kong-battambang Road

12 June 2018

H.E. Xiong Bo, China ambassador to Cambodia talked to PM Hun Sen at the inauguration ceremony Chinese assistance will be saught by the Cambodian government to build the priority project of a new road connecting Koh Kong to Samlot in Battambang, according to Cambodian prime minister Samdech Hun Sen. The premier made the comments during the official inauguration of a 248.53km stretch of Nation...

Cambodia Ready for Global Casino Industry

12 June 2018

Aerial view of Naga World casino in Phnom Penh Cambodia is fast becoming an attractive target for global casino industry brands, according to Andrew Klebanow, senior partner at Las Vegas-based business consultancy Global Market Advisors LLC. “The potentials include an expanding domestic economy, growing tourism, rising investment from China, and the prospect of a casino law to provide the ba...

Renovated 250km Stretch of National Road 6 Inaugurated

11 June 2018

Prime Minster Hun Sen cut the ribbon to officially inaugurate a stretch of National Road 6 in Kampong Thom A 248.53km stretch of National Road 6, linking Thnal Keng in Kampong Cham province to Ang Krong in Siem Reap province was inaugurated on 11 June by Cambodian Prime Minister Samdech Hun Sen. Built by Shanghai Construction Group Co., Ltd.) and inspected by Guangzhou Wanan Construction Sup...

Phnom Penh Municipality to Upgrade Walkway Along Norodom Blvd

11 June 2018

Phnom Penh Municipality has recently announced their plan to upgrade the walkway along Norodom Boulevard on the section from Independent Monument to Wat Phnom Penh. According to Facebook Fanpage of the Municipality this project is being done to improve tidiness and beauty of the city as Norodom Boulevard is one of main Boulevards in Phnom Penh City. The walkway will be equipped modern terrazo t...

Cambodia and Thailand Close to Railway Transportation Agreement

11 June 2018

Cambodia and Thailand are near to reaching a bilateral agreement on the "Railway Transportation Agreement" following a recent meeting between the two countries. Last week, Cambodia Minister for Public Works and Transport (MPWT) H.E Sun Chanthol and his counterpart ArkhomTermpittayapaisith met to finalise the draft agreement on the cooperation to transport goods and people by train through the s...

CDC Approves Another Stainless Steel Pipe Factory Project in Sihanoukville

11 June 2018

The Council for the Development of Cambodia (CDC) has recently given a permit to Robustahl Co., Ltd to invest USD$1 million in a stainless steel pipe plant in Sihanoukville. This new stainless steel tube factory will be located in the Sihanoukville Special Economic Zone, and the establishment of the factory will create at least 552 jobs for locals. Last month, the CDC also approved a request...