Stockholm Wood City: Pioneering the World’s Largest Wooden Urban Development

Renowned Swedish developer Atrium Ljungberg has unveiled plans to construct Stockholm Wood City, set to become the world's largest wooden city. This groundbreaking project will transform the former industrial quarter of Sickla in southern Stockholm, spanning an impressive 250,000 square meters of land. With a vision encompassing 2,000 homes, 7,000 office spaces, as well as an array of shops and re...

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Groundbreaking Innovation: Cambodian-Made Product to Revitalize Phnom Penh’s Major Roads

The Cambodian government has chosen to employ a revolutionary product developed locally, known as Cold Mix AC, for the repair and revitalization of three prominent roads. This momentous decision was announced by HE Dr. Om Yentieng, Chairman of the National Working Group, during the highly anticipated groundbreaking ceremony held on 30 June 2023. HE Dr. Om Yentieng emphasized that the constructi...

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Aeon Mall Meanchey Selected as a Prime Station for Phnom Penh-Techo International Airport Rail Line

In an exciting development for Cambodia's transportation infrastructure, the Ministry of Public Works and Transport (MPWT) has officially announced that the upcoming light rail or underground train project connecting Phnom Penh to Techo International Airport in Kandal province will include a strategically located station at Aeon Mall Meanchey. This significant update was disclosed by HE Sun Cha...

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CICC Unveils Five Transformative Projects to Foster Siem Reap’s Development

The Cambodia International Trade Association (CICC) has recently announced the launch of five groundbreaking projects aimed at driving the growth of Siem Reap province and generating employment opportunities for its residents. This momentous revelation came to light during a meeting between Mr. Johnny Mo, Director of the International Trade Association of Cambodia (CICC), and HE Tea Seiha, Governo...

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PM Announces Free Healthcare at Cambodia’s Largest Hospital for All Citizens, Especially Workers

PM Hun Sen has declared that all Cambodian citizens, particularly workers, can avail themselves of free medical treatment at the newly constructed "Techo Santepheap" Hospital, the largest healthcare facility in Cambodia. The PM made this announcement during a gathering with approximately 20,000 workers in Kandal province's Ang Snoul district on 29 June 2023. Expressing his enthusiasm about the ...

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Gov’t Strengthens Real Estate Regulations to Boost Investor Confidence

In a significant move to enhance transparency, efficiency, and investor trust in the real estate sector, the Government of Cambodia has recently issued a comprehensive sub-decree aimed at managing and controlling the real estate development business. Sub-Decree No. 50, dated 2 March 2023, outlines measures to ensure fairness, attract investment, and foster a thriving real estate market. The sub...

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Booyoung Group’s Milestone Agreement: 1,000 Modern Buses to Enhance Cambodia’s Transportation Network

Booyoung Khmer II Co., Ltd., a prominent subsidiary of BOOYOUNG GROUP from the Republic of Korea, has inked a significant agreement with the Cambodian government to provide a total of 1,000 buses in three phases. The official press release by the Ministry of Economy and Finance on June 29, 2023, sheds light on this remarkable collaboration. Under this agreement, Booyoung Khmer II Co., Ltd. will...

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Koh Kong Provincial Authority Implements Ban on Land Purchase and Ownership Transfers in Sre Ambel District

The Koh Kong Provincial Authority has made an important announcement regarding land transactions in Sre Ambel district. As per the press release dated June 23, 2023, all land transfer licenses pertaining to the remaining land from the policy settlement have been rendered null and void. This decision affects two groups comprising 175 and 200 families respectively, residing in Chik village, Chhou...

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A Modern co-educational hall of Techo Sen Institute of Public Works officially inaugurate

The Techo Sen Institute of Public Works and Transport Costing a remarkable US$ 650,000.00, proudly inaugurated its latest addition, the Techo Sen Modern Co-educational Hall, in a grand ceremony on June 28, 2023. The prestigious event was presided over by Samdech Pich Sena Tea Banh, Deputy Prime Minister and Minister of National Defense, emphasizing the significance of this new milestone. The st...

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Kampong Speu Attracts Chinese Investors for Priority Industries

Kampong Speu Province has caught the attention of Chinese investors from Henan Province who are actively studying the region for potential investment opportunities in three key sectors: industry, agro-industry, and agriculture. HE Vy Samnang, Governor of Kampong Speu Province, made this announcement on June 28, 2023, highlighting the growing interest from Chinese investors in the province. The ...

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Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million

The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng Ly J Company's Kouch Educat...

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New Investment Law Implementation Unveiled: Government Enhances Tax Incentives for Qualifying Projects

The Government of Cambodia has recently introduced a significant sub-decree pertaining to the implementation of the Investment Law of the Kingdom of Cambodia. Referred to as Sub-Decree No. 139, this new legislation, dated June 26, 2023, encompasses 7 chapters and 28 articles. Its provisions apply to investment projects that have been duly registered and acknowledged by the Council for the Developm...

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