Four Firms Submit Proposals to Redevelop Cambodia’s Block A Oil Project
The Ministry of Mines and Energy has announced that four companies have officially submitted proposals to redevelop Block A, Cambodia’s prominent oil exploration site. These proposals come as part of a broader effort to revitalize the country’s energy capacity following the suspension of operations due to KrisEnergy’s bankruptcy in 2021. An additional five companies have expressed interest but ...
Read MoreCambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid
Cambodia has inaugurated a modern National Assembly administration building with a USD 25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and HE Tran Thanh Man, President of the National Assembly of Vietnam, symbolizing the enduring friendship between the two nations. The 12-storey buildin...
Read MoreBrunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia
Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November ...
Read MoreChinese Firm Proposes Oxygen Supply Systems & Nursing Homes in Cambodia
Henan Taiyi Medical Technology Co., Ltd., a prominent Chinese medical equipment manufacturer, has unveiled plans to collaborate with Cambodia's Ministry of Health to install oxygen supply systems in public hospitals and establish nursing homes nationwide. The proposal, aimed at strengthening the country's healthcare infrastructure, was discussed during a meeting on 18 November 2024 between HE P...
Read MoreJapan Invests Over USD 40 Million in Cambodia, Enhancing Economic Partnerships in 2024
Japan has invested over USD 40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Okhna Association and the Japan-Cambodia Association...
Read MoreChinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri & Mondulkiri
China's Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signaling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, Yunnan prov...
Read MoreThailand Looks to Revamp Real Estate Laws with Cambodia’s Leasehold Model in Focus
Thailand is revising its real estate laws to attract foreign investment, proposing significant amendments to extend lease terms from the current maximum of 30 years to up to 99 years. This initiative, championed by Finance Minister Pichai Chunhavajira, is aimed at revitalizing the country’s sluggish economic growth and addressing rising household debt. The proposed changes, announced on Aseannow.c...
Read More30-year journey of creating norms for Pebsteel’s pre-engineered steel building and steel structure industry
Being a global enterprise with solutions for pre-engineered steel building and steel structure, Pebsteel has gained credibility from customers with a series of projects in over 50 countries. Pebsteel has made continuous efforts to improve itself and maintain its pioneering and leading position for 30 years. Build a solid foundation for the pre-engineered steel industry in Cambodia and Asi...
Read MoreKorean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector
Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee Changkeun from Chung-Ang Universit...
Read MoreBorey Peng Huoth Launches Exclusive Pre-Sales for Eco Poly 2 with Attractive Investment Opportunities
Visit the Video Here Borey Peng Huoth, a prominent leader in Cambodia’s real estate sector, has announced the highly anticipated pre-sales event for its latest development, Eco Poly 2. This exclusive event will run from 22 to 24 November 2024, taking place at the newly constructed Villa Queen Modern Model House in the Grand Star Platinum area, Boeung Sno, Khan Chbar Ampov. Early buyers can s...
Read MoreARK Electronics Group Unveils USD 1.3 Billion AI-driven Industrial Park Project in Kampong Speu
ARK Electronics Group, a leading Chinese company, has announced an ambitious USD 1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK Electron...
Read MoreThai Office Space Vacancy Rate Rises 26.3%, Yet Thailand’s Richest Billionaire Optimistic on Market Demand Growth
Bangkok's office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to the Bangkok Post on 19 September 2024. With a USD 3.6 billion investment in the ‘One Bangkok’ pro...
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