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ខ្មែរ Uncategorized
Number of Construction Projects, Value & Area in H1 Dropped by 11.4% 34.3% & 29.9% Respectively
- 29 July 2021
The number of construction projects, the investment value, and total area approved in H1 2021 have decreased by 11.4%, 34.3%, and 29.9% respectively, compared to the same period last year, according to a recent report from the National Bank of Cambodia (NBC) The report added that the drop predominantly stems from the slowdown in tourism and commercial construction projects. Meanwhile, import...
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Laws on Payment Guarantee for Four Large-Scale Energy Projects Promulgated
- 29 July 2021
His Majesty the King of Cambodia has signed and officially promulgated four new laws securing that the government will make payments as agreed to three private firms for investing in four large-scale energy-related projects. The first and second laws are made for SchneiTec Co Ltd for developing a 500 kV transmission line from Battambang to the Cambodian-Thai border, and a 500 kV transmission li...
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Construction of 700-megawatt Coal-Fired Power Plant in Koh Kong 10% Complete
- 29 July 2021
Construction on the US$1.1-billion 700-megawatt coal-fired power plant in Koh Kong province has been approximately 10%, completed according to a senior official at the Ministry of Mines and Energy. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said on Wednesday 28 July that the construction project has seemly been behind the schedule, so the company still has a...
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Two Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang
- 28 July 2021
The Council for the Development of Cambodia (CDC) approved two investment projects on Wednesday 28 July worth over US$12 million for Kandal and Kampong Chhnang provinces. The first investment permit has been granted to General Enterprises Garment (Cambodia) Co., Ltd to invest US$7.3 million to build a garment factory in Kadal Stueng district, Kandal province. The second is Sortics Alliance C...
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Consumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%
- 28 July 2021
As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC). Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, or equivalent to US$4.44 billion, US$3.22 billion, ...
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Over 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
- 28 July 2021
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the construction sector, or equal to US$840 million. Among which, U...
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Boeung Tumpun Canal Dredging Complete, Facilitating Flood Prevention in Five PP Districts
- 28 July 2021
Dredging and rehabilitation work on the 4km Boeung Tumpun canal has been 100% completed, which hopefully will help mitigate floods in the five main districts of Phnom Penh during the current rainy season. In the rehabilitation operation, over 12,250 cubic metres of waste and floating grass were collected and removed from the canal to ease the water flow, according to the Cambodian News Agency r...
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UNDP Advises Cambodia to Issue Sovereign Bonds to Expand Financial Resources
- 27 July 2021
UNDP has recommended Cambodia to issue sovereign bonds to expand domestic financial resources for urban development projects. This UN body published the advice in their recent report while also forecasting that Cambodia will graduate from its Least Developed Country (LDC) status in either 2027 or 2028. The report added it is time for Cambodia to prepare new sources of financing. Thus, being ...
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Construction of 10-hectare Landfill in Kampot Set for Completion by July 2022
- 27 July 2021
The construction of the ADB-funded 10-hectare landfill in Kampot province is over now 16% complete and scheduled for final completion by July 2022, according to Kampot Provincial Governor Cheav Tai during a site inspection on Tuesday 27 July. Located in Thmey commune, Teuk Chhou district, ground was broken on the project in early July this year and is being implemented by the Heng Sambath Const...
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Transport Minister Urges Relevant Officials to Speed Up Work on Drafting New Port Law
- 27 July 2021
Minister of Public Works and Transport HE Sun Chanthol urged all relevant officials to speed up works on drafting the new port law during an official meeting on Monday 26 July. According to HE Sun Chanthol, to date, the working group has completed most of the draft. “Currently, we are still revising the meaning, wording, and spelling of some parts to make the draft more comprehensive,” said ...
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