Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth
Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialized real estate […]
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Three Cambodian Institutions Shine in Energy Efficiency Awards for Commercial Buildings
In a landmark event celebrating energy efficiency, three Cambodian institutions emerged as winners at the Cambodian Energy Efficiency Competition (CEE Comp) awards, hosted by the Ministry of Environment in partnership with Sevea Co., Ltd. on 4 November 2024. Ecole Paul Dubrule Tourism School in Siem Reap took the top prize, with the Lotus Green Team […]
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Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted
In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy and other local authorities successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural resources, […]
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NR No. 33 (Kampot-Chrak Lok) Reaches 99% Completion, Strengthening Provincial Transport Network
NR No. 33, connecting Kampot to Chrak Lok, is on the cusp of completion, with an impressive 98.89% of the project finalized as of early November 2024. This achievement was highlighted in an official inspection conducted on 6 November 2024 by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, […]
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Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment
Chinese tire manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tire factory. This key decision was highlighted during discussions between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PM Hun Manet at the 8th Greater Mekong […]
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Gov’t Establishes New Village “Bun Rany Sen Chey Damnak Troyeung” in Phnom Kravanh District, Pursat
The Ministry of Interior has officially established a new village named “Bun Rany Sen Chey Damnak Troyeung” in Pro’ngel commune, Phnom Kravanh district, Pursat province. This development, outlined in Prakas No. 6762, takes effect from 8 November 2024, underscoring the ministry’s commitment to the administrative organization. This newly established village has been formed by separating territory […]
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Chinese Firm Expands Investment with New Cashew Processing Plant in Cambodia
Shandong (Cambodia) Economic and Technological Development Zone, a major Chinese agricultural firm, has announced a substantial capital increase to establish a new cashew processing plant in Cambodia, further advancing its agricultural production footprint. This decision was revealed during a meeting on 6 November 2024 between Cambodian PM HE Hun Manet and Mr. Wu Yu Jie, […]
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Techo Int’l Airport Nears Completion at Over 90%, Already Costs USD 1.3 Billion
The Techo International Airport project has surpassed 90% completion as of early November 2024, with construction costs exceeding USD 1.3 billion. This milestone was announced by HE Sinn Chansery Vutha, Secretary of State and Spokesman for the Secretariat of State for Civil Aviation, on 6 November 2024. HE confirmed that major construction would conclude by […]
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NR No. 48 Rehabilitation Progresses to 67.45% Completion, Targeting Full Upgrade by 2025
The rehabilitation and upgrade project for Cambodia’s NR No. 48, spanning 148 km from Sre Ambel to Koh Kong, has reached 67.45% completion as of 6 November 2024, according to an update from the Ministry of Public Works and Transport. Efforts are currently focused on advanced asphalt concrete (AC) ironing along the route to ensure […]
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Cambodia’s Gold Production Nears 13 Tonnes by Early November, Boosting Mineral Wealth
Cambodia’s gold refineries have reached a significant milestone, refining nearly 13 tonnes of gold by early November 2024, as the Ministry of Mines and Energy reported. Leading the charge, Renaissance Minerals Company in Mondulkiri province produced 807 gold bars weighing a total of 12,536 kg. At the same time, Rong Cheng Company, also located in […]
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Chinese Investment in Cambodian Manufacturing Surpasses USD 9 Billion, with 1,273 Factories Established
Cambodia’s manufacturing sector now hosts 1,273 factories funded by Chinese investors, representing a total investment of over USD 9 billion and accounting for 45.49% of the country’s overall foreign investment capital. The details were highlighted in a meeting between the Minister of Industry, Science, Technology, and Innovation, HE Hem Vanndy, and China’s Ambassador to Cambodia, […]
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Cambodian Gov’t Extends & Expands Real Estate Tax Incentives Through 2025
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025 to ease financial burdens on housing developers and enhance the country’s property market. Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in Cambodia’s […]
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