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ខ្មែរ Uncategorized
Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
- 5 April 2021
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan Commune, Angk Snuol District, Kandal. Another per...
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Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
- 5 April 2021
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by 48.59% from US$128 million in 2019 to US$66 million in ...
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Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
- 2 April 2021
Malaysia's MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia's three major airports: Phnom Penh, Siem Reap and Sihanoukville airports. ...
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Large-Scale Infrastructure Renovations in Siem Reap and Sihanoukville Part of Tourism Recovery Roadmap
- 2 April 2021
The government earlier this week approved the Roadmap on Cambodia's Tourism Restoration Plan, of which the large-scale infrastructure renovations in Sihanoukville and Siem Reap are the most crucial drivers in attracting more tourists after the pandemic subsides. The road map is divided into three stages. The first and the most important is the rehabilitation of tourism through public investment...
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Century Entertainment Hopes to Open Large Koh Kong Casino by late April After Delays
- 1 April 2021
Hong Kong-based casino operator Century Entertainment International Holdings Ltd hopes to open its casino at a new venue in Dara Sakor district in Koh Kong province by late April after delays due to the COVID-19 pandemic, reported IAG. According to the initial plan, the casino was set to open start operations by February after finishing the relocation procedure from Sihanoukville. However, due ...
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Apsara Authority Warns Locals to Stop Land Selling Transactions in Angkor Protected Area
- 1 April 2021
The Apsara Authority has repeatedly warned the public to immediately cease any land buying and selling transactions in the Angkor heritage protected site or face legal action. The Authority issued the warning letter on 01 April after discovering a Facebook page posting contents selling land plots in the Angkor protected area. “The purchase and sale of land in the Angkor area are prohibited a...
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Construction of COVID-19 Cremation Site in Kampong Speu Set for Completion After Khmer New Year
- 31 March 2021
The Phnom Penh Municipality and Kampong Speu Provincial Administration are speeding up the construction of the 10-hectare COVID-19 fatalities crematorium in Aoral district, expecting to finish the project after the Khmer New Year in April. Phnom Penh Governor HE Khuong Sreng told the Khmer Times that as the crematorium in Kampong Speu is not ready, all fatalities in Phnom Penh will now be crema...
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Preaek Pra Canal Land Encroachers Warned With Legal Action
- 27 March 2021
The Chbar Ampov District Administration has warned about taking legal action against those who continue to build properties on both sides of the Preaek Pra canal in Sangkat Preaek Pra and Sangkat Prek Thmey after many soft warnings have been issued. According to the warning letter issued on 24 March, the objective of stopping this encroachment is to ease the water flow of the canal, which plays...
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NagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
- 27 March 2021
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the project would negatively affect the archaeological park so it canno...
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Private Firm Accelerating Feasibility of 100-megawatt Wind Power Project in Mondulkiri
- 26 March 2021
A private firm is speeding up the feasibility study on a 100-megawatt wind turbine power project in Mondulkiri province on both the technical and financial details, according to a senior official at the Minister of Mines and Energy. Xinglan Maritime Energy Co., Ltd was granted a permit letter from the ministry to conduct a feasibility study on the wind power project in Mondulkiri province in 20...
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