Infrastructure

Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research published yesterday. ...

The slowdown of regional and global economies, especially in China, US dollar appreciation, unfavourable weather and global stock market speculation have plunged rubber prices, the Association for Rubber Development in Cambodia said.   ...

Axiata Group sold a 10 percent stake of its Cambodian subsidiary Smart Axiata to Japanese group Mitsui Co Ltd to form a strategic partnership and further the firm’s activity in the Kingdom, according to a company release on Friday. ...

Villagers in Mondulkiri province have pleaded with local authorities to intervene after a company behind a nearby rubber plantation began charging them 20,000 riel ($5) to use a local road. Security guards at the Tong Min Group property told villagers from Pech Chreada district’s Pou ...

Earlier this month, Makro, a well-known wholesale supermart based in Bangkok, Thailand, began putting up signs on the zinc walls surrounding its sales office in Phnom Penh’s Sen Sok district, advertising its imminent opening at the end of the year. ...

The demand for shopping precincts has risen three percent in this year’s first quarter when compared to the same time last year, a study by Bonna Realty Group has shown. ...

Cambodia-based JC International Airlines plans to expand direct flights to Bangkok’s Don Mueang Airport to tap into the growth of tourists between the neighboring nations after the airline’s launch just two months ago. ...

Royal Group, led by prominent businessmen Kith Meng, signed the agreement with China-based Railway 17th Bureau Group and​​ Sino Great Wall International Engineering​​ at the Belt and Road Forum in Beijing. ...

At the Peace Palace in Phnom Penh on May 5, during an official visit between Cambodian Minister Hor Namhong and Japanese Minister Keiichi Ishii, the Minister of Land, Infrastructure, Transport and the Tourism Minister in charge of the Water Cycle Policy of Japan, an agreement ...

Cambodia is expecting to gain more capital for its infrastructure development projects through its membership in the Sustainable Development Investment Partnership (SDIP), which can sustain long-term economic growth, according to a senior official. ...

Asia’s largest budget airline AirAsia, headquartered in Kuala Lumpur, plans to open a subsidiary company in Cambodia to handle an anticipated increase in the number of passengers travelling to Phnom Penh, Siem Reap and Sihanoukville from Malaysia. ...

Cambodia hopes to leverage its membership in the Sustainable Development Investment Partnership (SDIP) to access much-needed funding for large-scale infrastructure development, state officials have said. ...

Cambodia sits at a crossroads in the Asean region, potentially making it a key part of regional economic development and trade flows, though improved infrastructure and more innovative financing approaches are still needed, infrastructure experts meeting in Phnom Penh said yesterday. ...

Local logistics firm Kerry Worldbridge officially launched its customs bonded warehouse yesterday, allowing firms to import and store materials in the facility without paying duties and taxes provided the final product is re-exported. ...

Provincial tourism department director Soy Sinol said a construction study of the Asian Development Bank-funded project had been completed.The $18-million tourism seaport is due to come into service by 2019.​   ...

Japan-based company Metawater will provide its power-saving inverter technology to a water treatment plant in Cambodia’s capital through an arrangement that will help the Japanese government earn carbon reduction credits, according to a Nikkei Asian Review report. ...

Speaking at a pagoda inauguration on Saturday, Phnom Penh Governor Pa Socheatvong said City Hall is looking to move warehouses and automobile repair shops out of the city centre to the outskirts to reduce pollution and traffic congestion – a move Hun Sen’s sister Hun ...

Nearly 100 residents living along a stretch of land running from a railway in Boeung Kak to National Road 5 have gathered again outside City Hall to demand information about the development of a new road threatening to destroy their homes. ...

Phnom Penh is to get five new bus routes when China donates 100 buses within two months, according to City Hall.​​ ...

Sihanoukville Autonomous Port (SAP) is to build a $200 million container terminal as part of an expansion project due to be completed by 2022. ...

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Cambodia and China reiterated their commitment to speed up the construction of the Phnom Penh to Sihanoukville super highway and the building of a new airport in Siem Reap, according to the government’s Press and Quick Reaction Unit yesterday. ...

Aeon plans to open the stores across the capital and surrounding provinces following the success of its flagship 68,000 square-meter mall, which opened in 2014. ...