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ខ្មែរ Projects Development
Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
- 25 August 2020
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in the PPEZ have also been affected...
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Cambodia, Japan Discuss Port Development in Sihanoukville
- 24 August 2020
Cambodia and Japan have recently discussed the development of new deep container ports in Sihanoukville, aiming to expand economic activities between the two nations. The project was raised for discussion during the two-day official visit of the Japanese Foreign Affairs Minister Motegi Toshimitsu in Cambodia on August 21-22. The discussion is timely given that Cambodia is also seeking funds ...
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
- 24 August 2020
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, the fo...
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US$25 million Coastal Business Centre Proposed for Kampot
- 14 August 2020
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star hotels, shopping malls...
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World’s Tallest Prefab Building Set for Singapore by 2023
- 13 August 2020
The world’s tallest prefabricated skyscraper is currently under construction and is scheduled to rise in Singapore by 2023, according to a CNN report on 10 August. Named Avenue South Residences, the project comprises of two 192 metre-tall buildings or about 56 floors. The uniqueness of this project is the Prefabricated Prefinished Volumetric Construction (PPVC) building technic, where the co...
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Government to dredge Prek Thnaot river to mitigate Phnom Penh flood risk
- 13 August 2020
The Ministry of Water Resources and Meteorology has been working with a Chinese firm to dredge the Prek Thnaot river next year, aiming to mitigate flood risk in Phnom Penh City. Secretary of State and spokesman for the Ministry of Water Resources and Meteorology H.E Chan Yutha said at a press conference on August 10 that the flood issue in Phnom Penh is very severe, due to heavy rainfall, exces...
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Completion of Chinese-funded Morodok Techo Stadium Delayed to Early 2021
- 12 August 2020
The construction of the Morodok Techo Stadium is now 80% complete, but work will not be finalized this year as scheduled. The project’s completion is now expected to be delayed until March 2021. Secretary-general of the National Olympic Committee of Cambodia Vath Chamroeun said on 12 August that the delay is due to the COVID-19 pandemic, which has imposed travel restrictions on Chinese experts ...
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MRC: Dams Not Main Cause of Low Mekong River Level
- 12 August 2020
The Mekong River Commission has asserted that dams are not the main cause for lowering the water level of the Mekong River, but rather drought, climate change, and El Niño are the principal causes which differs from the opinions of other environmental experts. Secretary-General of the Cambodia National Mekong Committee Te Navuth said at a press conference on 11 August that hydropower dams reser...
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
- 11 August 2020
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to its shorter distance from Phnom Penh. "T...
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Tax on Unused Land in Cambodia
- 10 August 2020
In Cambodia, some properties are taxable, while others are not. Among them, unused land is considered taxable, although tax payments on properties are not, all the same, depending on the type, size, and location of the property. For instance, the tax base of unused land is not the same as the tax base of immovable property, as stated in Article 13 of the Finance Law in 2010, which refers to land, ...
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