Property News Roundup June 14th, 2021
We’re delighted to share the weekly news highlights below.
- MPWT to build Cambodia’s first asphalt concrete production factory
The Ministry of Public Works and Transport (MPWT) is planning to build Cambodia’s first asphalt concrete (AC) factory at the
Kampot and Kep provincial border within this year, aiming to produce its own AC for road construction usage.
June 07th 2021 | Construction Property | Link: https://bit.ly/34QSzDj
- Cambodia, China to ink MoU on telecoms, culture cooperation
Cambodia and China are set to sign two cooperation documents next week in the fields of telecommunications and culture,
according to a press statement by the Ministry of Foreign Affairs and International Cooperation on June 4.
June 07th 2021 | Phnom Penh Post | Link: https://bit.ly/2Rrjgv0
- Swiss gov’t pledges $58M development grant over 2022-25
The Swiss government on June 3 pledged up to $58 million in grants for the Kingdom’s development over the next four years. The pledge was made during an online meeting between the Cambodian-Swiss governmental consultation on the draft Swiss Mekong Region Cooperation Programme 2022-2025.
June 08th 2021 | Phnom Penh Post | Link: https://bit.ly/3z9To8c
- National Road 146B-148 to be completed by August 2022
Senior Minister and Minister of Public Works and Transport Chanthol inspected the progress of the construction of National Road 146B and National Road 148, both of which are scheduled to be completed by August, 2022. The project is being built by the Branch of China Road and Bridge Cooperation in Cambodia under the Road Infrastructure Development Project in Sihanoukville.
June 08th 2021 | Khmer Times | Link: https://bit.ly/2TSUmpf
- HLH Group Sells its Farm Resort Business in Singapore to Focus on Cambodia Operations
Hong Lai Huat (HLG) group will be disposing its entire equity interest in HLH Agri R&D for the price of approximately US$3.6million,
with the aim to focus more on their businesses in Cambodia.
June 08th 2021 | Construction Property | Link: https://bit.ly/3x7Wjft
- Construction of First PP-SHV Expressway Interchange Complete
The first interchange of the Phnom Penh-Sihanoukville Expressway project has been completed, while the overall progress of the entire expressway has reached about 50% to 60% completion. Worth over US$2 billion, the expressway is being built by Cambodian PPSHV Expressway Co., Ltd. and is scheduled to be complete by May 2023
June 09th 2021 | Khmer Times | Link: https://bit.ly/358dsK1
- CDC travel advisory lists Cambodia as ‘moderate’ destination for travelers
The US Centers for Disease Control and Prevention (CDC) has issued new risk assessment levels for travel during the Covid-19 pandemic,
listing Cambodia as Level 2 which means “moderate” risk on its Travel Health Notice (THN).
June 10th 2021 | Construction Property | Link: https://bit.ly/2TgDeJo
- Oil Production Continues Despite Driller Announcing Liquidation, Says Mines Ministry Spokesman
The Ministry of Mines and Energy has confirmed that KrisEnergy (Cambodia) still continues its oil drilling operation as normal despite the parent company KrisEnergy recently announcing its liquidation due to its inability to pay debts.
June 10th 2021 | Construction Property | Link: https://bit.ly/3cxUTDr
- Australia Provides US$900,000 Grant for Cambodia’s Off Electrification Project
The Australian government has provided grant aid of US$900,000 to Cambodia for the development of an off-grid electrification project.
June 11th 2021 | Construction Property | Link: https://bit.ly/2RHR4US
- WHO finds stumbling blocks in bid to end Feb 20 spread
The WHO has identified problems hindering Cambodia’s efforts to contain the spread of Covid-19 caused by the February 20 Community Event.
June 11th 2021| Khmer Times | Link: https://bit.ly/2TicPez