Anco Group proposes multi-purpose investment project on over 6,000ha of land in Koh Kong

A large-scale local company Anco Import Export Co., Ltd has proposed to invest in building a multi-purpose project on 6,145 hectares in Botum Sakor National Park, Botum Sakor, and Kirisakor district of Koh Kong Province. Koh Kong Deputy Governor Ouk Pheaktra and Under-Secretary of State of the Ministry of Environment HE Sok Kheng Norin led a delegation to inspect the proposed location on Decemb...

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Tbong Khmum issues new guidelines strengthening control over construction & real estate businesses

The Tbong Khmum Provincial Administration has ordered all departments and municipal administrations under its supervision to strengthen control over the land plot selling businesses, construction, excavation, and land reclamation work, aiming to prevent state land and forest encroachment. According to Letter No. 042/21 KP, dated December 21, 2021, below are the orders: -The Provincial Depart...

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CPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development

Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung Kheav Se as the witness The funds raised from the guaran...

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Japanese firms mull establishing natural gas and solar power plants in Cambodia

The Embassy of Japan in Cambodia said that a number of Japanese firms plan to establish many development projects in Cambodia, especially in the renewable energy sector. The information was stated by the Japanese Ambassador to Cambodia HE Masahiro Mikami in the meeting with Cambodian Prime Minister Samdech Hun Sen on Tuesday 28 December. "Japan has a number of companies planning to build nat...

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Domestic cement production reaches nearly 8 million tons in 11 months

During the 11-month period of 2021, five domestic cement factories produced a total of 7.9 million tons of cement, which is equal to the amount produced last year, according to Cambodian Cement Manufacturing Association Secretary-General Puth Chandarith. "From January to November 2021, it did not decrease in production, we produced the amount as we did last year. We still have 7,989,864 tons fr...

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Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date

Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according to the meeting between Vietnamese President Nguy...

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Cambodia, China Set SSEZ as Bilateral Industrial Cooperation Zone

Sihanoukville Special Economic Zone (SSEZ) will soon become a special hub for bilateral industrial cooperation between Sihanoukville and Jiangxi Province of China, according to senior officials of both countries. Sihanoukville Deputy Governor Long Dimanche and Party Secretary of the Communist Party of China Committee of Wuxi City Du Xiaogang chaired an online meeting on 17 December. In the m...

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LYP Group to Build New Deep-Sea Port on Over 490ha in Koh Kong

The Koh Kong provincial authority has given the initial green light to Koh Kong SEZ Co., Ltd. of the LYP Group to develop a new deep-sea port in Kirisakor district, while the relevant parties are currently conducting the impact assessment. The initial approval was given by Koh Kong Deputy Governor Ouk Pheaktra during the meeting with the firm’s representative on Wednesday 15 December to discuss...

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Japan to Provide US$13.9 million Grant Aid to Upgrade Sihanoukville Deep Seaport

The Japanese government will provide some US$13.9 million in grant aid to Cambodia, contributing to the development of the Sihanoukville deep seaport. The agreement of the grant aid will be signed on 16 December by Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E Prak Sokhonn and Japanese Ambassador to Cambodia HE Mikami Masahiro, according to the ministry...

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PM Hun Sen Officially Inaugurates US$180-million Hyatt Regency Phnom Penh

The US$180-million Hyatt Regency Phnom Penh invested in by Chip Mong Group was officially inaugurated in the presence of Prime Minister Samdech Hun Sen on Wednesday 15 December. During the ceremony, PM Hun Sen said that this five-star hotel is another achievement for the whole Cambodian society, not just for Chip Mong Group. The hotel will contribute to the growth of the tourism sector by attra...

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