Investment and Funding
Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan […]
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Construction & Property Weekly Video News (03 April 2021)
This week content (03 April 2021): #1 Three Communes Extracted from Kampot Province to Form New Bokor City [Read more] #2 NagaCorp Working Fresh Plans for Recently-Dismissed Siem Reap Resort, says Chairman [Read more] #3 Private Firm Unveils Study on Mondulkiri Airport Project [Read more] #4 Private Firm Accelerating Feasibility of 100-megawatt Wind Power Project in Mondulkiri [Read more] #5 Phnom Penh to Build New River Frontage Road East Side of Bassac River [Read more] #6 Thai Gov’t to Unveil ‘Land Bridge’ Locations by June [Read more] Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field […]
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Thai Gov’t to Unveil ‘Land Bridge’ Locations by June
The Thai government will unveil the locations of its planned ‘land bridge’ project, a possible replacement of the long-mulled Kra Canal, in June this year, according to Transport Minister Saksayam Chidchob. The project has been studied since September last year with an approved budget of 68 million baht (US$2.2 million). The studies include an environmental […]
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Malaysian firms seek business partners within the construction sector in Cambodia
Many Malaysian firms have expressed their interests in investing and establishing business partners within the construction sector in Cambodia, especially after the COVID-19 pandemic subsides, demonstrating a positive growth sign for the sector in the post-pandemic period. The investment consideration was unveiled during an online meeting last weekend between the Cambodia Constructors Association (CCA) and […]
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NagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the […]
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CCA Hosts Online Seminar Promoting Construction Law Implementation
Cambodia Construction Association (CCA) on 24 March 2021 held an online meeting to share knowledge among members and the public about the new sub-decree regarding the certificate of occupancy for old and new buildings. The meeting was held through Zoom and attended by more than 50 participants from different sectors. CCA Secretariat General Manager Chhiv […]
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Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino […]
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Japan Provides More Grant Aid for Infrastructure Development in Cambodia
he Japanese government has agreed to provide approximately US$600,000 in grant aid to build infrastructure in Pailin, Kampong Thom and Svay Rieng provinces, after also providing around US$500,000 last week for other development projects in five provinces. The grant contracts were signed on 19 March between Japan Ambassador to Cambodia HE Mikami Masahiro, and the […]
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Gov’t Approves Seven Investment Projects Worth Over US$60 million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building six factories, and an aquaculture centre, worth a total budget of US$60 million in Takeo, Pursat, Svay Rieng, Kandal, Preah Sihanouk and Phnom Penh. The first investment permit has been granted to Yuan Shuo (Cambodia) Co., Ltd to […]
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