Save The Lives to Build Sustainable Plastic Cement Brick Factory in Siem Reap
A groundbreaking initiative poised to redefine waste management and environmental sustainability is taking shape in Siem Reap. Save The Lives (Cambodia) Co., Ltd, a trailblazing entity in the realm of social responsibility, is set to establish an innovative urban solid waste recycling plant on over 5 hectares of land. The vision to convert waste into […]
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Gov’t Unveils Kampot Kep Salt Community Flourishing with Over 4,000 Hectares
In a resolute step towards fostering sustainable production, diversification, and conservation, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has unveiled a visionary blueprint through Prakas No. 195 MISTI / 2023, dated 16 August 2023. This landmark legislation is poised to breathe new life into the salt production landscape of Kampot and Kep, orchestrating […]
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
Amidst the labyrinthine landscape of China’s property market, a distressing trend is emerging, encapsulated by the term ‘zombification’. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament rippling out to […]
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Eternal Splendour Revived: APSARA Authority’s Restoration of Preah Khan Temple
The APSARA Authority has embarked on the second phase of the meticulous restoration of Preah Khan temple while preserving the ancient architectural style. Building upon the triumphant completion of the initial phase in October 2022, this endeavor reflects Cambodia’s enduring commitment to preserving its cultural heritage. The Ministry of Culture and Fine Arts unveiled their […]
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Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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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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