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ខ្មែរ Uncategorized
Mines Ministry Issues Sand Dredging Licenses in Rivers & Streams for Over 2,000ha to Date
- 10 August 2022
The Ministry of Mines and Energy has clarified that sand mining businesses along rivers and streams are carefully monitored and studied before getting their licenses issued while revealing that to date licensed sand mining activities cover an area of over 2,000ha. HE Ung Dipola, Director-General of the General Department of Mines and spokesman for the Ministry of Mines and Energy, acknowledged ...
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Construction Begins on Major New Road in Prey Veng Province
- 10 August 2022
Construction has officially begun on a new 10km road in Prey Veng province, with the road being upgraded to DBST and concrete. The road connects Chi Poch village to Pra Hear village in Mesang district, Prey Veng province. This project is being built under the National Restoration of Rural Productive Capacity Project (NRRPCP) 2021-2023 with a total budget of US$67 million US dollars, of which...
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New Gold Mining Firm Starts Trial Operation; Over 20kg Extracted
- 9 August 2022
Another private company, Delcom Campuchea PLC Ltd, started a trial operation on gold production in Preah Vihear province in early August and to date has extracted over 20kg of gold. HE Ung Dipola, Director General of the General Department of Mineral Resources, Ministry of Mines and Energy, provided this figure at a press conference on 09 August. “Cambodia has a new company, Delcom, which is...
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Five Cement Plants in Cambodia Produce 4.6 million Tons of Cement in H1 2022
- 9 August 2022
Five domestic cement factories in Cambodia produced 4.6 million tons of cement in the first half of 2022, contributing to cheaper construction costs in the kingdom. The Ministry of Mines and Energy released this figure at a press conference at the Government Spokesperson’s Unit on 09 August. The ministry did not reveal figures for the same period last year but stated that by the end of 2021,...
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Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
- 9 August 2022
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export bird nests to China on 08...
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Construction of Koh Tonsay, Landfill and Coastal Road in Kep Province 62% Complete
- 6 August 2022
Construction of Koh Tonsay tourism port, landfill, and coastal road in Kep Province has been 62% complete, according to the meeting on 4 August 2022. Deputy Technical Advisor of the Asian Development Bank (ADB), Mr. Horm Nimol, said that sub-project of the landfill, coastal road, and Koh Tonsay tourism port have been 98.8%, 10.4%, and 8.5% complete respectively. He added that the coastal roa...
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What are Chinese developers’ plans for unfinished construction in SHV?
- 6 August 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville's economy plummeted while the overheated real estate market in the province finally burst. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in the province also dr...
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Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
- 5 August 2022
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that appeared in the press release w...
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Government bond issuance is expected in August or September this year
- 5 August 2022
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while the ministry is currently finalizing procedure...
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
- 5 August 2022
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of 42.9% compared to the total employees last year. “The increase in investment value is due t...
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