Cambodian Gov’t Not Yet Approved Vietnam’s Proposal for Importing 2,500 Electric Taxis
Vingroup, the prominent Vietnamese conglomerate, has sought approval from the Cambodian government to initiate a groundbreaking project involving the deployment of 2,500 electric taxis in key cities such as Phnom Penh, Siem Reap, and Sihanoukville. However, the proposal has not yet been approved by Cambodian Prime Minister Samdech Hun Manet, as revealed by the press […]
Read More
Real estate exemplars succeed at the 18th PropertyGuru Asia Property Awards Grand Final
GUOCOLAND WINS BEST DEVELOPER (ASIA) WHILE DEVELOPERS FROM INDONESIA TRIUMPH WITH THE MOST REGIONAL WINS BANGKOK, Thailand — PropertyGuru Group (NYSE: PGRU) today announced the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, at The Athenee Hotel, a Luxury Collection Hotel, […]
Read More
MLMUPC Highly Commends CCA’s Remarkable Contributions to Cambodia’s Construction Advancement
Within 10 months in 2023, the Ministry of Land Management, Urban Planning and Construction has issued 2,924 construction licenses for projects with a total floor area of 12,335,043 m2 and an investment of approximately US$ 5,109,471,023. There are 146 projects upstairs, equivalent to 154 buildings, housing projects and housing complexes, there are 79 projects, equivalent […]
Read More
Gov’t Unveils Transformative Irrigation & Drainage System Projects in West Tonle Sap & Phnom Penh
The Minister of Water Resources and Meteorology (MWRM) officially launched the West Tonle Sap Irrigation and Drainage System Rehabilitation Project, showcasing Cambodia’s commitment to agricultural advancement. The event also marked the commencement of the Southwest Phnom Penh Irrigation and Drainage System Rehabilitation Project under Japanese development assistance. The momentous ceremony was presided over by the […]
Read More
Cambodia Inks Concessional Loans Worth US$1 Billion With Development Partners Amidst a 17% Dip
In the initial nine months of 2023, the Royal Government of Cambodia demonstrated strategic financial prowess by securing new concessional loan agreements with development partners, totaling a significant US$1 billion. This accomplishment, outlined in the Cambodian Public Debt Statistics Bulletin by the Ministry of Economy and Finance, reflects a tactical utilization of financial resources, constituting […]
Read More
Marum Estate Grabs Dual Honours at 18th PropertyGuru Asia Property Awards Grand Final 2023
Setting a Benchmark for Excellence in Real Estate Innovation and Quality Marum Estate, developed by Sir Stamford Raffles (Cambodia) Co. Ltd., emerged triumphant at the esteemed 18th PropertyGuru Asia Property Awards Grand Final. This gala event, held at The Athenee Hotel in Bangkok, Thailand, celebrated Marum Estate’s distinction in two significant categories: Best Residential Development […]
Read More
Japan Extends Generous Grant of US$300,000 to Safeguard Historic Sambor Prei Kuk Resort
In a gesture of cultural preservation, the Government of Japan has announced a generous grant of US$300,000 to Cambodia for the enhancement and rehabilitation of the Sambor Prei Kuk resort in Kampong Thom province. A press release from the Embassy of Japan in Cambodia on 12 December 2023, highlighted Japan’s commitment to supporting the “Human […]
Read More
SAP Surges Ahead with 20.14% Increase, Notching Profit of US$28 Million in First Nine Months of 2023
In a robust financial performance, Sihanoukville Autonomous Port (SAP) proudly reported a stellar net profit of 117,933,270,000 riels, equivalent to over US$28 million, marking an impressive surge of 20.14% during the initial nine months of 2023 compared to the same period in 2022. Delving into the financial details, SAP’s total revenue collection for this period […]
Read More
Government Greenlights 21 New Projects in November, Attracting Investments of US$619 Million
The Council for the Development of Cambodia (CDC) gave the green light to 21 new projects in November 2023. This strategic move, encapsulating a total investment of nearly US$619 million, is poised to generate approximately 22,000 job opportunities, marking a significant leap forward in the nation’s economic trajectory, according to a CDC press release on […]
Read More
Cambodia & Singapore Unveil US$12 Million State-of-the-Art Cashew Processing Plant in Kampong Thom
CSNC Agriculture, a dynamic Cambodian-Singaporean venture, proudly inaugurated its state-of-the-art cashew processing plant Valued at US$12 million, in Sno village, Trapeang Russey commune, Kampong Svay district, Kampong Thom province. The groundbreaking ceremony, held on 6 December 2023, witnessed the presence of Mr. Kong Vimean, Secretary General of the General Secretariat of the Council for the […]
Read More
Gov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land […]
Read More
Vietnam’s Ceramic Industry Soars: Ranks Among Top 10 Global Producers
In a remarkable achievement for Vietnam’s construction sector, Deputy Minister of Construction Nguyen Van Sinh announced that the country has secured a prestigious spot among the world’s top 10 construction ceramic producers. Notably, Vietnam stands out as the world leader in ceramic tile output, claiming the impressive fourth position globally. This revelation, reported by vietnam.postsen.com […]
Read More