China Invests US$3.95bn on UHV DC Transmission Line to Connect Two Regions

China has taken another monumental step towards its clean energy goals as the construction of an ultra-high voltage direct current (UHV DC) transmission line spanning an impressive 1,634km has commenced. The State Grid Corporation of China, the driving force behind this visionary project, revealed that it involves a substantial investment of approximately US$3.95 billion (28.1 billion CNY), accord...

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Cambodia Pioneers Energy Efficiency with New Electrical Appliance Management Sub Decree

In a resolute move towards sustainable energy practices, the Cambodian government has introduced a groundbreaking sub-decree aimed at enhancing the energy efficiency of electrical appliances across the nation. Unveiled under Sub-Decree No. 254, dated 11 August 2023, the legislation outlines a comprehensive framework to govern the responsible use of electricity by mandating adherence to specifie...

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CP Foods Launches First Carbon-Free Cage Egg in Asian Market

In a remarkable stride towards sustainable eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) has introduced an unprecedented innovation - Asia's inaugural carbon-neutral cage-free egg. This pioneering creation, certified by the Thailand Greenhouse Gas Management Organization (TGO), underscores CP Foods' resolute commitment to reducing its ecological footprint. CP Foods' relentles...

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Property Insurance Premiums Reach US$10.7 Million in Q2 2023

The dynamic landscape of Cambodia's insurance sector continues to make waves as property insurance premiums surged to an impressive US$10.7 million in Q2 of 2023. A report, recently released by the Insurance Regulator of Cambodia, sheds light on the sector's resilience and growth. Comparing this data with the preceding quarter of 2023 (read more), a decrease of US$3.3 million is evident, markin...

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MoT Approved Master Plan to Transform Kep into High-End Luxury Tourist Haven

The Cambodian government, with its sights set on fostering unparalleled tourism growth, has granted approval to the Kep Tourism Development Master Plan 2023-2035. This strategic blueprint is set to reshape Kep, infusing it with new dimensions of luxury and allure. This master plan charts an ambitious trajectory for Kep, envisioning its metamorphosis into a premier tourist destination and a capt...

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Cambodia’s Ambitious Climate Agenda Requires US$7.8 Billion for Implementation

Cambodia has set its sights on robust climate change protection, with a financial requirement of approximately US$7.8 billion to realize its commitments under the United Nations Framework Convention on Climate Change (Nationally Determined Contribution: NDC). HE Tin Ponlok, a key advocate for Cambodia's environmental priorities, emphasized this need during a productive bilateral working meeting wi...

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Sihanoukville’s Third Wastewater Treatment Plant Worth US$20M Successfully Completed

A significant achievement in environmental infrastructure has been marked by the completion of Sihanoukville's third wastewater treatment plant. The announcement was made following an inspection visit by the National Committee for Coastal Management and Development of Cambodia, led by HE Deputy Prime Minister Chea Sophara, on 11 August 2023. Harnessing the cutting-edge Membrane Aerated Biofilm ...

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2nd Reminder: Fulfil Your Property Tax Obligations by 30 September 2023

Property owners across the nation are receiving a crucial reminder as the General Department of Taxation (GDT) issues its second announcement urging prompt compliance with property tax and land tax obligations by the looming deadline of 30 September 2023. The announcement, dated 11 August 2023, underscores the significance of meeting tax declaration requirements within the stipulated timeframe....

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Koh Yor Thmey Bridge, Koh Kong, Completed 100% Ready for Traversing Ahead of Formal Unveiling

The picturesque province of Koh Kong is celebrating a significant milestone as the new Koh Yor Thmey Bridge reaches completion, offering temporary access to citizens and tourists ahead of its official inauguration slated for mid-October. Mr. On Davuth, Director of the Department of Public Works and Transport in Koh Kong province, shared during an interview with BTV on 7 August 2023, "Recognisin...

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Koh Pich-Koh Norea Bridge Linked by End August, Ready for Grand Opening by November

The Koh Pich-Koh Norea Bridge, built by OCIC, is reaching its final phases of construction. The much-awaited link that will seamlessly unite the bustling hub of Koh Pich with the allure of Koh Norea is set to be physically connected by the end of August. The entire construction process is expected to culminate by October, paving the way for a momentous soft inauguration in early November. In an...

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Lucky Supermarket Joins Hands with Samraong Village Borey to Forge a Retail Landmark North of Phnom Penh

The partnership between Lucky Supermarket and Samraong Village Borey is now solidified, marking the dawn of a collaborative endeavor that promises to redefine convenience and shopping experiences. On Thursday 10 August 2023, the two entities formalized their alliance through the signing of a Memorandum of Understanding (MOU). This strategic agreement serves as a beacon for the expansion of reta...

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Political Impasse Casts Shadows on Thailand’s Property Landscape, While Investors Yearn for New Policy Measures

Thailand's property market finds itself at a crossroads as the nation grapples with a political impasse, leaving its real estate sector in a state of cautious anticipation. With an eye on the new government, industry stakeholders are yearning for policy measures to stimulate the market, particularly in the wake of the previous government's fee reductions for mortgage registration and ownership tra...

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