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ខ្មែរ 
Indonesia Implements Cloud Planting Techniques to Mitigate Rain Impact on New Capital Construction
- 24 July 2024
Indonesia is employing climate modification techniques known as cloud seeding to reduce heavy rains that have impeded the construction of its future capital, Nusantara. The new city, set to open on 17 August 2024, aims to alleviate issues faced by the current capital, including heavy traffic congestion and potential flooding, according to Business Times on 21 June 2024. Tri Handoko Seto, a seni...
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Gov’t Plants 4,500 Palm Trees Along Cambodia-Vietnam Border to Promote ‘Annual 9 July Planting Day’
- 24 July 2024
Kampot provincial authorities have planted 4,500 palm trees along a 3-kilometre stretch of the Cambodia-Vietnam border road in Koh Veng, Koh Chamkar village, Boeung Sala Khang Tbong commune, Kampong Trach district. This initiative took place on 21 July 2024 to celebrate the "Planting Day", held annually on 9 July to enhance historical significance and promote environmental consciousness. Addres...
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Cambodia National Bank Reports Loan Disbursement to Real Estate & Construction Continues to Surge
- 24 July 2024
Loan disbursement from banking institutions to the construction and real estate sectors continues to grow significantly, with the sectors projected to see slow growth in 2024. As of the first half of 2024, loans to real estate trading activities reached US$5,996 million, accounting for 11.3% of the total outstanding loan amount of US$52.8 billion. This marks a 25.1% increase compared to the sam...
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Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
- 23 July 2024
The Phnom Penh real estate market is currently undergoing a necessary correction phase, which is painful yet vital for moving forward to the next cycle. This correction is seen as a necessary step to stabilize the market and prepare it for future growth, according to Ms. Kim KinKesa, Managing Director of CBRE Cambodia in a Phnom Penh Real Estate Market Update Workshop on 16 July 2024. During th...
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Thailand Accelerates Completion of 873km High-Speed Rail Project Linking Bangkok to China’s Kunming
- 23 July 2024
Thailand is fast-tracking the development of an 873-kilometre high-speed rail project that will connect Bangkok with the Lao-China railway, significantly easing the transport of people and goods from Bangkok to Kunming, the capital of China's Yunnan Province. The project, estimated to be worth between US$5 billion and US$9.9 billion, is expected to be completed in 2028, according to Asean Briefing...
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
- 23 July 2024
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic zones while promotin...
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Vietnam Seeks China’s Expertise for High-Speed Rail & 1,500 km North-South Railway Project
- 22 July 2024
Vietnam is seeking China's support for the development of its high-speed rail network, including the China-Vietnam cross-border railway project, to enhance trade between the two countries. On 25 June 2024, VnExpress reported that Vietnamese Prime Minister Pham Minh Chinh conveyed this request to Lou Qiliang, Chairman of China Railway Signal Information, during the World Economic Forum in Dalian. ...
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
- 22 July 2024
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was reported by Global Construction Review on ...
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Gov’t Introduces Fees for First Systematic Land Registration
- 22 July 2024
The Cambodian Government has mandated the Ministry of Land Management, Urban Planning, and Construction to manage the revenue collection for the first systematic cadastral registration fee, aiming to accelerate land registration completion within two to four years. This directive is outlined in Sub-Decree No. 158, dated 15 July 2024. This sub-decree empowers the ministry to plan and collect rev...
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
- 21 July 2024
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of 10 GWh per year, the pla...
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Key Insights for Buying a Shophouse in Borey Peng Huoth The Star Diamond Project
- 20 July 2024
The Borey Peng Huoth The Star Dimond project is strategically located on Samdech Techo Hun Sen Road, near the Techo Heritage Bridge, set for completion in 2025. Positioned between the Moradok Techo flyover and the Bassac River Bridge, this location offers seamless access to the Chbar Ampov Chak Angre area and the city centre. Given this prime location, the shophouses in Borey Peng Huoth The Star D...
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Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
- 20 July 2024
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan agreement, specifically: Hu...
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