Progress on Clay-Thoma Kor Bridge Construction
The construction of the temporary steel bridge across the Mekong River at Clay-Thoma Kor is progressing steadily, with 5.40% of the work completed, as reported by His Excellency Phan Rim, Spokesperson for the Ministry of Public Works and Transport. Currently, the China Road and Bridge Corporation (CRBC) is actively working on the western side of the temporary bridge, measuring 271 metres in len...
Read MoreASEAN Real Estate Markets Navigate Headwinds as China’s Economy Falters
The USD 722 billion trade relationship between China and ASEAN faces unprecedented pressure as China's property sector, which accounts for over 25% of its GDP and 70% of household wealth, shows serious signs of distress amid plummeting consumer confidence that reached near-record lows of 86 in July 2024, according to Evrimagaci.org on 31 January 2025. Southeast Asian real estate markets are exp...
Read MoreKorean Firm Donates 8,000 Electric Motorbikes to Cambodian Government to Combat Emissions
In a significant move to address climate change, South Korean company VeryWords has pledged to donate 8,000 electric motorbikes to Cambodian government officials. This initiative aims to reduce greenhouse gas emissions in Cambodia and promote the use of environmentally friendly transportation. The announcement was made during a signing ceremony of a Memorandum of Understanding (MoU) held on 7 F...
Read MorePhnom Penh Addresses Dilapidated Buildings
Phnom Penh currently has 21 dilapidated buildings across the Daun Penh, 7 Makara, Por Sen Chey, and Boeung Keng Kang districts. In a recent meeting, HE Minister of Land Management, Urban Planning & Construction (MLMUC) Say Sam Al discussed urgent safety concerns with residents living in these structures. The minister emphasised the importance of government-citizen collaboration to ensure sa...
Read MoreCelebrate Love This February with Borey Peng Huoth’s Exclusive Month of Love Promotion!
Valentine's Day is just around the corner, and at Borey Peng Huoth, love is in the air! This February, we are thrilled to introduce our Month of Love promotion, designed for those looking to invest in their dream home while enjoying fabulous rewards. Promotion Details From now until 28 February 2025, every customer who purchases a new home in any of our exquisite Borey Peng Huoth projects will...
Read MoreProgress Update on the Bassac River Bridge Project: 19% Completion Marked
The ambitious project to construct a bridge across the Bassac River has achieved a significant milestone, with 19% of the work now completed after 11 months of construction. The project, which connects Chak Angre Krom and Prek Pra, remains on schedule, with no delays reported, according to a statement from the Ministry of Public Works and Transport. Key achievements to date include substantial ...
Read MoreUK Firm Eyes Investment Opportunities in Cambodia
In a significant development for Cambodia's investment landscape, UK-based Bridgemount Ltd. has announced plans to explore investment opportunities in key sectors within the Kingdom. The company officially met with the Council for the Development of Cambodia (CDC) on 7 February 2025, marking the start of what could be a fruitful partnership. During the meeting, Kalyan Ghosh, Managing Director o...
Read MoreCambodia Accelerates Irrigation Land Registration for Development
In a significant move to bolster agricultural development, Cambodia is intensifying efforts to register irrigation land and reservoirs across the country. The initiative, led by the Ministry of Water Resources and Meteorology, aims to classify these vital resources as public property to enhance management and ensure sustainable use. During a meeting held on 6 February 2025, HE Chhea Bunrith, th...
Read MoreRCEP Agreement Set to Transform China-ASEAN Maritime Trade with Unprecedented Blue Economy Integration
The Regional Comprehensive Economic Partnership (RCEP) is poised to revolutionize maritime trade between China and ASEAN, with marine transport currently accounting for 94% of China's foreign trade and over 60% of ASEAN's foreign trade while representing 65% of bilateral trade between the two regions in 2023. This landmark development emerges as part of a broader initiative to promote sustainable ...
Read MoreDigital Park Initiative Unveiled to Boost Cambodia’s Digital Literacy & Start-Up Scene
The Ministry of Posts and Telecommunications of Cambodia has announced an ambitious plan to establish a digital park to enhance digital literacy and foster the growth of digital start-ups in the country. This initiative, inspired by Thailand's successful Thailand Digital Valley project, was revealed by HE Hak Sokheng, Undersecretary of State of the Ministry of Posts and Telecommunications. The ...
Read MoreCambodia Revamps Investment Policies to Attract Global Companies Amid Trade Wars
Cambodia is revising its investment policies to enhance its appeal to multinational corporations and attract businesses looking to relocate from countries affected by ongoing trade tensions. The Council for the Development of Cambodia (CDC) is leading these reforms to offer increased incentives and streamline investment procedures. This initiative is particularly relevant as many companies and ...
Read MoreCambodia Enhances Investment Climate with Adoption of 21 International Standards
Cambodia is taking significant strides to boost its economy and attract foreign investment by adopting 21 new international standards as national standards. This pivotal decision was made during the National Standards Council’s 30th meeting on 30 January 2025, which focused on reviewing and approving key standards across various sectors. The adoption of these standards aligns with the ASEAN ini...
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