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ខ្មែរ 
Australia Grants Over AUD83.6 M to Foster Key Sectors in Cambodia
- 26 July 2023
Australia has extended its support by providing an official development assistance of AUD83.6 million (over US$ 56.5 million). This commitment is aligned with Australia's dedication to enhancing economic and social prosperity in Cambodia and marks a step towards reinforcing the strong bilateral ties between the two nations. The development assistance, as outlined in a letter from Senator the Ho...
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Green Mobility Goes Premium: MPWT to Introduce Electric Vehicle Charging Fees from August
- 25 July 2023
The Ministry of Public Works and Transport (MPWT) has announced the implementation of electric vehicle charging fees at stations under its purview, effective from 1st August 2023. This much-anticipated development, referred to as letter No. 032 of the National Coordinating Committee (NCC) and dated 21st July 2023, marks a significant milestone in Cambodia's green mobility revolution. MPWT's com...
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China and Pakistan Foster Sustainable Energy Cooperation with US$ 3.5 Billion Nuclear Power Plant
- 25 July 2023
In a landmark collaboration, China and Pakistan have inaugurated the construction of Pakistan's largest nuclear power plant, a monumental project estimated at US$ 3.5 billion. Set to generate a colossal 1,200 megawatts of electricity daily for the national grid, the initiative signals a significant stride towards sustainable energy for the nation. As per a report on July 14, 2023, the groundbre...
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NagaWorld Records Impressive Q2-2023 US$ 83M Profit, Surge of 57%
- 25 July 2023
Hong Kong-based NagaCorp proudly reports NagaWorld's soaring success in Cambodia, as the net profit for the second quarter of 2023 surged by an impressive 57.4%, reaching a remarkable US$83 million. The significant increase in profit can be attributed to the resurgence of tourism in Cambodia from ASEAN countries and the gradual return of business travelers from China, significantly bolstering Naga...
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Bentley Systems Announces Allen Li has Joined as General Manager, China
- 24 July 2023
EXTON, Pa. – June 6, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as Chief Operating Officer in China. He earned a b...
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Navigating a Stagnant Market: Location Remains Key for Selling Houses in Cambodia
- 24 July 2023
As the residential real estate market in Cambodia enters the midpoint of 2023, it faces intensified competition and weakened demand. Sales in the sector have become increasingly challenging, with only a select number of condominium and landed property projects in prime locations managing to maintain or slightly increase their asking prices, according to CBRE Cambodia’s Mid-Year Review 2023 Market ...
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Vietnam Breaks Ground on Mekong Delta Expressway
- 24 July 2023
The government of Vietnam has broken ground on a 188km expressway which will stretch across the Mekong Delta to Tran De, a South China Sea port city. The six-lane expressway is expected to cost US$1.9 billion from the government budget and is expected to be completed in 2026. The new road will connect with Vietnam’s national expressway system as part of a planned further six expressways to link...
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Ho Chi Minh City and Hanoi Shine as Top Investment Destinations in the 2023 Asia-Pacific Survey
- 23 July 2023
A recent Asia-Pacific Investor Interest Survey 2023 released by CBRE reveals some great news for Vietnam's real estate sector. Based on the experience of 500 regional real estate investment experts, Ho Chi Minh City and Hanoi have been ranked as the top 10 most attractive destinations for cross-border investment in the Asia-Pacific region. Ho Chi Minh City has risen to third place, surpassing even...
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The Gov’t orders to move all illegal structures on the Tasal Dam, Kampong Speu Province immediately!
- 22 July 2023
In a bid to ensure the preservation of the Tasal Dam Reservoir in Tasal Commune, Oral District, Kampong Speu Province, the Department of Water Resources and Meteorology of Kampong Speu Province has issued a firm directive to address the pressing issue of illegal structures encroaching upon the dam's surface. In an official announcement dated July 18, 2023, the department sternly informed the owner...
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The Gov’t allocated 6,234 hectares of land in Botum Sakor National Park for private investment
- 22 July 2023
The Cambodian Government has greenlit the allocation of a substantial 6,234-hectare area within the pristine Botum Sakor National Park, situated in Botum Sakor District, Koh Kong Province. The designated land is set to be leased to Koh Kong Rubber Plantation for private investment, marking a strategic move aimed at bolstering economic growth. According to the official Sub-Decree No. 27, dated Janu...
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Bentley Systems Announces New Capabilities for Carbon Assessment in iTwin Experience
- 21 July 2023
Capabilities Unlock Carbon Data Management for Infrastructure Projects EXTON, Pa. – June 26, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, is announcing at the Environment Analyst Global Business Summit, the availability of new carbon assessment capabilities in iTwin Experience to enable infrastructure professionals to seamlessly quantify ...
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Realestate.com.kh Home & Lifestyle: Cambodia’s Biggest Property EXPO
- 21 July 2023
Realestate.com.kh is bringing back its massively popular Home & Lifestyle EXPO 2023. The event which is just one month away will be happening on the weekend of August 12 & 13, at Koh Pich Exhibition Center. The Home & Lifestyle EXPO is part of Realestate.com.kh's annual events, offering attendees the opportunity to secure the best deals within the Cambodian market and also have the ...
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