Samrong Blvd. Connecting NR5 to Ring Road3 Officially Inaugurated
Samrong Blvd., situated adjacent to Samrong Village Borey in Khan Prek Pnov, Phnom Penh, was officially inaugurated on Monday 21 August presided over by Samdech Hun Sen, Hosting Prime Minister of Cambodia, and Samdech Kittipritthbandit and attended by HE Khuong Sreng, Governor of the Board of Governors of Phnom Penh. The newly unveiled infrastructure, spanning […]
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GDT Achieves Strong Revenue Collection of US$2.3B in First Seven Months of 2023
The General Department of Taxation (GDT) has marked an impressive milestone in revenue collection for the first seven months of 2023. With approximately US$2,312.95 million collected through the innovative online revenue data management system, the GDT has achieved 64.76% of the Law on Financial Management for 2023. This accomplishment, however, reflects a 21.12% decrease compared […]
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Chinese Real Estate Turmoil: Private Companies Show Declines as State-Backed Shares Rise
China’s property sector experienced a tumultuous start to the week as prominent developer Country Garden Holdings plummeted to a record low, triggering a chain reaction of declining property shares. The crisis unfolded on Monday 14 August, causing Country Garden’s stock to nosedive by 18.4% to HKD 0.80, echoing the company’s weekend announcement of suspending trading […]
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Thai Energy Giant Set to Invest US$100 Million in Cambodian Oil Depot
A well-known Thai gas company SET-Listed PTT Oil and Retail (OR) is poised to infuse approximately US$100 million into the construction of a substantial oil depot in Cambodia. This bold venture, announced by Chairman and CEO Disathat Panyarachun, comes as a testament to OR’s commitment to both Cambodia’s economic resurgence post-pandemic and its overarching expansion […]
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The 8th PropertyGuru Cambodia Property Awards celebrate success in the real estate market
OCIC GROUP AND SIHA PROPERTY CO., LTD LEAD THE LIST OF AWARD WINNERS AT THE GALA PRESENTATION PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced today the winners of the 8th Annual PropertyGuru Cambodia Property Awards, supported by sponsors CBRE Cambodia, Dewan Architects and Engineers, and SALTO Systems. […]
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NR 33 Rehabilitation Surpasses Expectations with Over 35% Completion Ahead of Schedule
The rehabilitation and enhancement project of NR 33 has surged ahead, surpassing anticipated benchmarks by an impressive margin of 35.12%. The infrastructure initiative, executed by China Bridge and Road Corporation (CRBC), has not only defied time constraints but also underscored the potential for swift infrastructure advancements in Cambodia. Elevating the significance of this achievement, HE […]
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Samrong Blvd. Sets to Redefine Urban Connectivity Upon Inauguration on 21 August
The eagerly awaited Samrong Boulevard is preparing for an official inauguration. Spanning an impressive 5.2km, this meticulously crafted concrete thoroughfare is destined to become the iconic new face of the northern reaches of the city. With a breadth of 30 meters and flanked by spacious 9-meter lanes on either side, Samrong Boulevard is poised to […]
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US$1m Landfill in Svay Rieng City Handed Over to Svay Rieng Provincial Administration
Marking a profound investment in a cleaner and greener future, a cutting-edge solid waste landfill, valued at over US$1 million and spanning an expansive 4 hectares, has been entrusted to the stewardship of Svay Rieng Provincial Administration. The new facility was officially opened and handed over by HE Sao Sopheap, Secretary of State of the […]
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EU Reaffirms US$1.5 Billion to Catalyse Cambodia’s Development
The European Union (EU) has reaffirmed its unwavering dedication to Cambodia’s advancement, earmarking an impressive Euro 1.43 billion (equivalent to US$1.5 billion) for pivotal developmental pursuits which was announced in a Ministry of Foreign Affairs and International Cooperation press release on 16 August 2023. This substantial financial commitment takes centre stage in the Common European […]
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Gov’t Bans Fishing & Docking Near Submarine Power Lines
The Preah Sihanouk Provincial Administration has instituted a significant measure prohibiting fishing and docking activities at specific locations along the submarine power lines concealed beneath the seabed in Sihanoukville and Koh Kong provinces effective from 16 August 2023. This regulatory action, born out of a proactive stance towards safeguarding the country’s maritime assets, has far-reaching […]
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Nature’s Guardian: APSARA Authority Plants 2 Million Trees to Shield Angkor’s Timeless Marvel
In a harmonious interplay between heritage and nature, a resolute effort by the APSARA Authority has yielded an awe-inspiring outcome. Over the course of two decades, the revered Angkor region has witnessed the nurturing touch of nature through the planting of an astounding 2 million trees. This pivotal ecological undertaking, unveiled on August 16, 2023, […]
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Kampong Speu Prepares for Influx of 25 Chinese Factories by Year End
By the close of 2023 or early 2024 at the latest, Kampong Speu anticipates the establishment of 25 factories from Chinese investors seeking to establish a significant industrial foothold. This ambitious endeavour was unveiled through an official announcement on 15 August 2023, featured on the Facebook page of HE Vy Samnang, Governor of Kampong Speu […]
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