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ខ្មែរ Uncategorized
Cambodia Attracts US$3.46bn in New Investment in First Nine Months of 2022
- 6 October 2022
Cambodia attracted multiple investment projects worth US$3.46 billion in the first nine months of 2022, up 3% compared to the same period last year, a Council for the Development of Cambodia’s report showed on Thursday 7 October. In terms of the number of projects, over 150 investment projects were approved during the January-September period this year, up 12% from 134 projects over the same pe...
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MRC Reaches ‘Historic Breakthrough’ on Hydropower Dam Constructions
- 6 October 2022
The Mekong River Commission (MRC) has approved a milestone document that clarifies guidelines for how to design hydropower projects, to minimize the impact on ecosystems and communities along Southeast Asia’s largest waterway. According to the MCR meeting on 4 October, beyond this revised Preliminary Design Guidance (PDG), the MRC also agreed on a Guideline on Transboundary Environmental Impact...
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Angkor Resources’ Subsidiary Granted Onshore Oil & Gas Exploration in Cambodia
- 5 October 2022
Angkor Resources Corp’s subsidiary EnerCam Resources Corp. (Cambodia) Co. Ltd. (EnerCam) has received final licensing for exploration, development, and production on Block VIII onshore Cambodia, according to the firm’s press release on 3 October. President of EnerCam Mike Weeks said that this is a monumental change for the entire country. Having its own long-term source of energy for LNG, fuel...
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Two New International Hospitals Worth US$41 Million Approved for Phnom Penh
- 4 October 2022
The Council for the Development of Cambodia (CDC) approved two private companies to build two large hospitals worth US$41million in Phnom Penh. According to a recent CDC announcement, the first project is a 117-bed international hospital with an investment of US$21 million. This hospital is located on Duong Ngiep 2 Street, Damnak Thom 3 Village, Sangkat Steung Meanchey III, Khan Meanchey, Phnom...
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PP-SHV Expressway Opened for Trial; 9,000 Vehicles Recorded on First Day
- 3 October 2022
The Phnom Penh-Sihanoukville Expressway has been open for testing since 1 October 2022, for one-month free of charge. According to the Ministry of Public Works and Transport, on the first day, from 7:00 am to 6:00 pm, there were a total of 8,927 vehicles traveling on this expressway through 8 toll stations. If 9,000 vehicle travels on the expressway per day on average, after the trial period...
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Ground Broken on New Pumping Station in Russey Keo
- 30 September 2022
Construction has begun on the new pumping station in Russey Keo district which will be able to pump up to 30,000 cubic metres/hour. The ground-breaking ceremony was held on 30 September under the presence of Russey Keo District Governor Ek Khun Doeun and Director of the Department of Public Works and Transport of Phnom Penh Sam Piseth. This new pumping station is equipped with four motors, t...
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Eight Investment Projects Worth US$89m Approved for Kep, Kandal, K. Speu, K. Cham and PP
- 30 September 2022
The Council for the Development of Cambodia (CDC) has decided to issue a registration certificate for eight investment projects with a total capital of US$ 89m to build two hospitals, Develop Koh Tbal Island, and establish five factories in Kep, Kandal, Kampong Speu, Kampong Cham and Phnom Penh. These private companies include: The first firm is ORIENDA INTERNATIONAL HOSPITAL CO., LTD which ...
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Germany Provides Over US$670 million in Financing to Cambodia as of 2021
- 29 September 2022
As of 2021, Germany has provided a total of US$670 million in financing to Cambodia, equivalent to 2.6% of the total funding provided by development partners to Cambodia. The figure was shown during a meeting between Secretary-General of the Cambodian Rehabilitation and Development Board HE Chhieng Yanara and German Ambassador to Cambodia HE Stefan Anton Messerer on 28 September. The German ...
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Four Investment Projects Worth US$23.9m Approved for Sihanoukville & Svay Rieng Provinces
- 29 September 2022
The Council for the Development of Cambodia (CDC) has given permits to four private companies to invest a total of US$23.9 million to establish four factories in Sihanoukville and Svay Rieng province. The first firm is HOME STYLE LIVING CO., LTD, which will invest US$6.6 million to establish a furniture and mattress factory in Sin Bavet Special Economic Zone, Svay Rieng province. The second ...
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Gov’t Establishes Inter-Ministerial Committee for PP-Bavet Expressway Development Project
- 29 September 2022
The Cambodian government has set up an inter-ministerial committee to accelerate the Phnom Penh-Bavet expressway project. According to the statement dated 16 September, the expressway connecting Phnom Penh to Bavet has been proposed for investment by China Road and Bridge Corporation under a basic framework of build-operate transfer. HE Sun Chanthol, Senior Minister, Minister of Public Works...
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