Ring Road 3 is temporarily open and will be officially inaugurated on August 3
Ring Road 3, a vital infrastructure project in Cambodia, is set to bolster connectivity and drive economic growth in the country. The road construction has reached its completion milestone, and a temporary opening is currently in effect. The official inauguration is scheduled for August 3, 2023, with the esteemed presence of Samdech Techo Hun Sen, […]
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Office Sector Update: Increasing Supply Puts Pressure on Rents and Occupancy in Mid-2023
In the first six months of 2023, the supply of new office buildings in the Cambodian real estate market will increase by about 39% over existing offices. From the middle of the year to the end of this year, with an anticipated addition of 215,000 square meters of office space this year, the total office […]
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Fantastic! Deposit only 5%, and get a dream house immediately in Borey Peng Huoth
Are you looking for a business house that you can buy and move in immediately, but are worried about not having enough money? Now you no longer have to worry, on this special occasion, Borey Peng Huoth offers a more interesting payment policy this July. Low-interest rate, which makes it impossible for you to buy […]
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CBRE issued mid-year real estate review: highlighting globalization as the key factor for the slow recovery
CBRE, Cambodia’s Leading Real Estate Appraisal Company, has just released its Phnom Penh Real Estate Market Rating Report for the second half of 2023, highlighting the impact of global macroeconomic conditions, particularly the slowdown in the Chinese economy combined with the oversupply of markets domestically, pushing Cambodia to prolong the recovery of the real estate […]
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Medusa Submarine Cable System: A Game-Changer for Mediterranean Connectivity
In a monumental stride towards transforming connectivity in the Mediterranean, Alcatel Submarine Networks (ASN), Elettra, Medusa, and Orange have officially broken ground on the Medusa Submarine Cable System. Spanning over 8,700 kilometers, this visionary project is set to become the region’s longest cable, facilitating essential connections between ten countries, including Morocco, Portugal, Spain, France, Algeria, […]
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Decrease in Chinese Tourists Impacts Southeast Asian Economies, While Cambodia Sees Growth
The decrease in Chinese tourists has impacted Southeast Asian economies, hindering their post-Covid recovery plans. Slower-than-expected economic recovery in China has made its population more hesitant to spend money on international travel. Official data compiled by Bloomberg News show that Chinese arrivals in five Southeast Asian countries varied between 14 percent and 39 percent in […]
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Cambodia-Australia Collaborate to Unveil Investment Handbook to Fuel Economic Growth
The Council for the Development of Cambodia and the Australian Embassy have jointly unveiled a comprehensive investment handbook. The book, launched by Nicholas Moore, Australia’s Special Envoy to Southeast Asia, and HE Sok Chenda Sophea, Deputy Prime Minister and Secretary-General of the Council for the Development of Cambodia, on 11th July 2023, serves as a […]
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FDI in Cambodia Surges to US$45 Billion in Q1 2023
In an impressive display of investor confidence, Cambodia’s foreign direct investment (FDI) has soared to over US$45.8 billion in the first quarter of 2023. According to a report from the National Bank of Cambodia, the country has witnessed a steady inflow of capital from major sources including China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, […]
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Monument Aux Morts: A Symbolic Tribute to World War I Victims in Cambodia
The official inauguration of the Monument Aux Morts, also known as the “Two Statues,” took place at the intersection of Monivong Blvd., France Blvd., and Oknha Techo Ind Blvd. in Phnom Penh. The solemn ceremony, presided over by Prime Minister Hun Sen on 14th July 2023, commemorated the victims of World War I from 1914 […]
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Gov’t Approves Payment Guarantee for 670 MW Power Plant Projects in 4 Provinces
The King of the Kingdom of Cambodia has promulgated a law endorsing the government’s payment guarantee for 07 power plant projects, totaling 670 megawatts, in Koh Kong, Prey Veng, Svay Rieng, Kampong Chhnang, and Pursat provinces. These projects are being implemented by four companies, each contributing to the growth of Cambodia’s power generation capacity: Khmer […]
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Enhancing Worker Safety: MOLVT Launches Strategies to Safeguard Construction Workers in Cambodia
In a significant move to protect the well-being of workers, especially those in the construction industry, the MOLVT has introduced the third master plan on occupational safety and health for the period 2023-2027. The plan encompasses various sectors, including textiles, garments, footwear, bags, and travel products, as well as agricultural and construction activities. During the […]
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Progress Update: NR 33 Rehabilitation Project Reaches 33.39% Completion
The ambitious endeavor to restore and enhance the quality of NR No. 33 has reached a completion milestone of 33.39%, according to the site visit conducted by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, and the technical working group of China Road Bridge Corporation (CRBC) on July 13, […]
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