VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
MLMUPC plans to renovate 2 boulevards in Phnom Penh using AI technology
The Ministry of Land Management, Urban Planning and Construction plans to renovate two major boulevards in Phnom Penh, Norodom Boulevard and Sisowath Quay, using artificial intelligence (AI) technology. During a recent workshop, HE Leang Monirith, Secretary of State of the Ministry, shared this information. At the workshop, Brian Wong, an architectural expert from Singapore, shared […]
Bassac River Crossing Project (Chak Angre Krom – Prek Pra) Achieves 14% Completion
As of mid-October 2024, the Bassac River Crossing Project (Chak Angre Krom – Prek Pra) has reached 14.50% completion. This update was provided by the Ministry of Public Works and Transport on October 17, 2024. Following eight months of construction that began on February 19, 2024, the bridge project is progressing steadily. Once completed, the […]
Vietnam Ranks as Southeast Asia’s Least Transparent Real Estate Market
Vietnam’s real estate market has been ranked as the least transparent in Southeast Asia, placing 49th out of 89 countries and territories in JLL’s 2024 Global Real Estate Transparency Index. The report places Vietnam behind regional peers Singapore (13th), Thailand (32nd), Malaysia (33rd), Indonesia (40th), and the Philippines (45th) in terms of transparency, highlighting key […]
The Star Mera Garden: Ideal Housing for Every Stage of Life with Exclusive Offers in Phnom Penh
Life in Phnom Penh can often be disrupted by noise, car emissions, and unclean air, which negatively impact the well-being of the elderly. So, where can you find a place that strikes a balance—neither too noisy nor too quiet, with minimal toxic smoke? The Star Mera Garden, a premier housing project by Borey Peng Huot […]
Cambodia’s First Regional Nursery Nears 20% Completion, Pioneering Green Initiatives in Tbong Khmum
Cambodia’s first regional nursery, located in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province, has reached 20% completion, marking significant progress in the country’s ambitious reforestation efforts. The update came during an inspection visit by HE Dr Eang Sophalleth, Minister of Environment, on 8 October 2024. Set across more than 3 hectares, this […]