Policy and Strategy
ACF discusses How to Overcome COVID-19 Pandemic at 49th Meeting
The ASEAN Constructors Federation (ACF) conducted it 49th meeting via Zoom video conferencing on 10 June 2020 to discuss the development of the construction industry in the region. ACF Council Meeting is an annual meeting that provides opportunities for its members including, Cambodia which is represented by the Cambodia Constructors Association (CCA), to share information […]
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Cambodia and other 5 Countries Agree to Donate US$180.2 million to Fund BRI Projects
Cambodia and other 5 countries including China, Egypt, Saudi Arabia, Hungary, and the Philippines have agreed to donate US$180.2 million as a multilateral fund to support Belt and Road Initiative (BRI) infrastructure projects, according to China Daily on 08 July 2020. The fund was set up by the Multilateral Cooperation Center for Development Finance and […]
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Gov’t will not cut infrastructure spending
The Cambodian government is excluding funding for building and restoring infrastructure from its COVID-19 budget cuts. According to the government announcement, the 2020 fiscal budget cut is being implemented to save money for economic recovery, which has been hit hard by the pandemic. The budget gained expenditure cutting will be used as a subsidy fund […]
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Cambodia’s construction investment reached US$4 billion in H1 2020, a 13% increase
Despite the global crisis of Covid-19, Cambodia’s construction investment value in the first half of 2020 has reached nearly US$4 billion, indicating a 13% increase compared to the same period in 2019, according to the data of the Ministry of Land Management, Urban Planning and Construction dated 02 July 2020. According to the same source, […]
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Government to Strengthen Mineral Resource Management for State Projects
The government is strengthening royalty collections and management of mineral resources used for state infrastructure projects, according to a new inter-ministerial Prakas on 01 July. Signed by HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and HE Suy Sem, Minister of Mines and Energy, the enforcement of this Prakas covers the […]
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PM Hun Sen: Real estate market continues as usual despite COVID-19
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen’s official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite […]
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ASEAN top leaders touch on green infrastructure development and sustainable tourism to bolster regional trade
What have ASEAN leaders learned from COVID – 19? Top ASEAN leaders recently held an online video conference gathering for the 36th ASEAN Summit on 26 June 2020 with representatives of the ASEAN Business Advisory Council (ASEAN-BAC). The meeting achieved a joint statement based on the theme of “Cohesive and Responsive ASEAN in 2020”. The […]
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Tbong Khmum Governor initiates 8,000 hectare flooded forest preservation area for ecotourism
The Tbong Khmum provincial administration plans to transform over 8,000 hectares of flooded forest into s flooded forest preservation area for serving the ecotourism sector, according to H.E. Cheam Chansophorn, Provincial Governor of Tbong Khmum at a press conference on Progress and Continuing Direction of Tbong Khmum Province on 25 June 2020. “If we can […]
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PM Hun Sen: US$100 million to help developing rural infrastructure while creating more jobs
The USD$100 million in rural infrastructure projects that the government is providing not only helps develop local infrastructure but also provide jobs for people. The statement was made by Prime Minister Hun during the delivery on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. The Prime Minister explained […]
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PM calls for loan restructuring for private educational institutions
Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia […]
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