ADB says real estate credit poses challenge to Cambodia’s GDP growth

The Asian Development Bank (ADB) has recently forecasted that Cambodia’s GDP to grow at 7.0% this year while suggesting that the country should reduce financial risk poses by credit on the real estate sector. According to the recent press release of its latest report, Cambodia’s growth remains driven by the four traditional sectors such as […]

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Cambodia to use income from oil sector on infrastructure development

The Cambodian government has announced that income from the oil sector will be used to build infrastructure such as roads, bridges, and airports. The remarks were made ahead of the first drop of oil expected to be extracted in Cambodian waters by the end of this year or earlier next year. Speaking at a graduation […]

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Land ministry announces land use master plan 2035 for Siem Reap

The Ministry of Land Management Urban Planning and Construction (MLMUPC) published the land use master plan 2035 for Siem Reap on 20 September which will serve as a basis for the land management and development direction of the province. Base on this master plan vision, the government will design and develop ‘Siem Reap City as […]

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Cambodia, Thailand agree to resume OCA talks

After nearly two decades of hiatus, Cambodia and Thailand have agreed to resume talks on development of their overlapping claims area (OCA) on offshore oil fields, on the principle that it should be developed based on mutual interests. The agreement to resume talks was made in a meeting between the Cambodian Ministry of Mines and […]

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Cambodia, Thailand discuss on energy cooperation

Cambodia and Thailand discussed on Thursday on energy cooperation as Thailand have surplus energy generation and Cambodia is in need to increase power. According to Bangkok Post reported today, the discussion meeting was held between Ministry of Mines and Energy led by H.E. Suy Sem and his Thai counterpart Sontirat Sontijirawong in Bangkok in the […]

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Phnom Penh Moving Toward Being Smart City, Say Experts

While the term ‘smart city’ became trendy in response to an increasingly crowded world, experts from across different fields sat down on 25 June

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PM CANCELS AIRPORT EXPRESSWAY

Hope among the public and transport officials for a fast commute between downtown and Phnom Penh International Airport on a new elevated expressway has vanished after Prime Minister Hun Sen cancelled the proposed expressway development in April. Speaking at the inauguration of the new City Hall administration building on 4 April, the prime minister explained […]

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