Lower Sesan II dam opens

Source : Phnom Penh Post 

The nearly $800 million Lower Sesan II hydropower dam was inaugurated on Monday. It is Asia’s longest at 6.5km, situated in Stung Treng province’s Sesan district. fresh news

Prime Minister Hun Sen opened the nearly $800 million Lower Sesan II hydropower dam on Monday, marking the successful completion of the 11-year-long, three-nation joint venture.

Situated in Stung Treng province’s Sesan district, the hydropower dam is Asia’s longest at 6.5km. It is a joint venture by Chinese company Hydrolancang International, Cambodian company Royal Group, and Vietnamese company Vietnam Electricity. Continue reading

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Dam in Sesan begins operations

Source : Khmer Times 

The Lower Sesan II Dam, an $800 million project, launches yesterday after more than four years of construction. AKP

The Lower Sesan II Dam, an $800 million project, was officially launched yesterday after more than four years of construction.

The dam is Cambodia’s biggest power-generation infrastructure, and will account for 20 percent of the country’s output. Continue reading

Listed real-estate companies on rise

Source : Phnom Penh Post

Several on-going construction projects fill the Phnom Penh skyline. Hong Menea

The number of listed real-estate companies in Cambodia continues to increase due to the sector’s growth in the Kingdom, data from the Cambodian Valuers and Estate Agents Association (CVEA) said.

CVEA figures show that its membership has increased from 96 companies early this year to 107, 18 of which are foreign-owned. Continue reading

Belt and Road Initiative set to bring opportunity, but comes with risks

Source : Phnom Penh Post 

The Belt and Road Initiative could offer good opportunities for Cambodia to achieve its development goal, but it is not without risks. Heng Chivoan

The China-backed Belt and Road Initiative (BRI) project could offer good opportunities for Cambodia to achieve its development goal, but comes with risks. The Kingdom must carefully study the two-sided story of the project, experts said on Tuesday in a dialogue hosted by the UN. Continue reading

Foreign help for construction safety

Source : Khmer Times 

There are moves to make Cambodia’s construction industry safer. Realestate.com.kh

According to the latest semi-annual report from the National Bank of Cambodia (NBC), the construction sector is set to be one of the biggest contributors to the Kingdom’s forecasted 7 percent economic growth this year. Sitting neck and neck with both exports and tourism, the building industry is expected to be responsible for 11.5 percent of the yearly growth. By all accounts, the industry is as strong as it has ever been. Continue reading

Siem Reap to clear sidewalks for public

Source : Khmer Times 

Authorities dismantle illegal constructions in the city. Supplied

Authorities in Siem Reap city are looking to take action against illegal constructions built on sidewalks and public property.

The decision came after authorities removed two shops illegally built on a sidewalk in the city last week. Continue reading

JICA holding tax seminars at universities

Source : Khmer Times 

The seminars run until the end of the month. KT/Pav Suy

The General Department of Taxation and the Japan International Cooperation Agency are holding a series of tax seminars in universities across the country to promote the importance of tax revenue.

The series of seminars, which began last month, will run until the end of December.

JICA chief adviser Muto Shizuki said during Tuesday’s seminar at Asia Europe University that education on what taxes can do is key to promoting its importance. Continue reading