Investment and Funding
China to Fund Three More Major Infrastructure Developments in Cambodia
China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7. The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and […]
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Cambodia Never Asks to Delay Loan Repayments from Foreign Creditors
Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. […]
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Chinese Firm Finishes Phnom Penh-Bavet Railway Feasibility Study
The assigned Chinese firm has recently finished the feasibility study of the railway project connecting Phnom Penh to the Vietnam border Bavet City, according to a senior official of the Ministry of Public Works and Transport (MPWT). Ministry spokesman HE Vasim Sorya said on 06 October that the railway project is part of the development […]
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Century Entertainment to Relocate Casino from Sihanoukville to Dara Sakor
Century Entertainment International Holdings, one of Hong Kong’s largest casinos, will relocate its gaming floor from Sihanoukville to Dara Sakor district of Koh Kong province, according to G3 Newswire on 01 October. The operator said the gaming floor will be moved from its current location at the Sunshine Bay Hotel in Sihanoukville to a new site, as […]
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US Firms Mull Exporting Infrastructure Components to Cambodia
Large US firms are considering exporting components and equipment used for infrastructure development to Cambodia, according to a meeting between those firms and the Ministry of Mines and Energy last week. Those US large firms include Chevron, ConocoPhillips, Amazon, Bell Texton, Ford, and Visa. During the meeting, the firms are also planning to invest in […]
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Construction & Property Weekly Video News (26 September 2020)
This week content (26 September 2020): #1. HLH Group Acquiring 1.2-Hectare Plot in Toul Kork for New Mixed-Use Development [Click] #2. Construction of Kampot International Tourism Seaport Delayed [Click] #3. Kampot Studying Centralized Administrative Area and New Stadium Project [Click] #4. Singapore Mulls Investing in Phnom Penh SuperPort [Click] #5. Thailand Transforming 72 Prisons Nationwide into Tourist Destinations [Click]
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Indonesia’s New Capital On Hold Due To COVID-19 Impact
Photo by: Get About Asia Indonesia’s multi-billion dollar plan to develop a new capital city on the island of Borneo have been formally put on hold as a result of the economic impact of COVID-19. Indonesia’s Minister for National Development Planning, Suharso Monoarfa, told Reuters on 19 August that “We putting as our number one […]
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Cambodia Constructors Association Urges Government to Cut Construction Permit Red Tape
The Cambodia Constructors Association (CCA) and private firms in the construction and real estate sector have urged the government to cut some of the complicated and unnecessary procedures when applying for construction permits to attract new investors and ease the business environment in Cambodia. The proposal was made during a meeting between the Ministry of […]
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30-megawatt Solar Power Plant in Pursat Goes Online
A 30-megawatt solar power station in Pursat province has started generating power to the national grid, while three other approved projects are set to generate power by late 2020. Located in Krakor district, the project was approved by the government in April last year, and implemented by Schneitec Infinite Co Ltd with an investment value […]
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US-China Fight over Union Development Group Could Harm Cambodia’s FDI and Real Estate Market
Economists, analysts, and real estate experts are concerned that the geopolitical fight between US and China over the Union Development Group (UDG) in Cambodia could hurt Cambodia’s Foreign Direct Investment (FDI) and real estate market, especially in Koh Kong province. On 15 September, the US Treasury Department issued a statement imposing sanctions on the UDG […]
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