Preah Sihanouk Provincial Administration Approves US$500,000 Investment Project of Water Amusement Park
Preah Sihanouk Provincial Administration has approved the investment project of the water amusement park of LE SOLEIL MEILAN INTERNATIONNAL TRAVEL Co., LDT, which is worth about US$ 500,000 at Ochheuteal Beach 2, Village 4, Sangkat 4, Sihanoukville, according to the meeting on 22 June 2022. To the company’s presentation, the investment site will be built […]
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. […]
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Property insurance values US$41 million in 2021
Property insurance has a total premium of US$41.5 million by 2021, or 33.1% of the gross premium of general insurance, which is worth 501 billion riels or approximately US$125 million. The gross premium of property insurance accounted for the largest share of general insurance with other insurance services such as medical insurance and auto insurance, […]
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Minister of MAFF Asks WB to Help Build Solar Irrigation System for Cambodian Farmers
Minister of Agriculture, Forestry and Fisheries (MAFF), HE Veng Sakhon, has asked the World Bank (WB) to examine the possibility of constructing a solar irrigation system to help reduce the cost of electricity and fuel for Cambodian farmers. HE Minister made remarks in a discussion meeting and evaluation of the results of the Mid-Term Project […]
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Phnom Penh Administration, Thailand’s Ministry of Transport discuss on smart transportation system
The Phnom Penh Autonomous Bus Transportation Authority (City Bus) and Thailand’s Ministry of Transport have discussed on a smart public transportation system in the city. The discussion was held in a meeting between the delegation of Phnom Penh Autonomous Bus Transportation Authority led by Mr Keut Chhe, Deputy Governor of Phnom Penh Municipal Administration and […]
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OCIC Partners with Spectrum KH to Present Alta Moda – A Night of High Fashion Meeting Luxury Properties
The Overseas Cambodian Investment Corporation (OCIC) has partnered with Spectrum KH to bring together the country’s prominent fashion mavericks, Armada by Abello, The Privé, & Natacha Van to present Alta Moda– a night of glamour, fashion, and a showcase of the architectural developments for Cambodia by OCIC complementing the craftsmanship and artistry of three of […]
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The Philippines moves closer to building the world’s largest solar project
The solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet the rising demand for electricity while shifting away from coal. The planned facilities “would help address the country’s potential power shortage” and significantly boost the nation’s grid-connected […]
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Cambodian Private Commercial Center in Atsugi of Japan officially inaugurated
The Cambodian Private Commercial Center, which serves business affairs between Cambodia and Japan located in Atsugi, Kanagawa Prefecture of Japan, has been officially inaugurated on 18 June 2022. Ambassador Extraordinary and Plenipotentiary of the Kingdom of Cambodia to Japan, HE Tuy Ry said the establishment of this Cambodian Private Commercial Center is a new achievement […]
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Government Approves New Eco-Tourism Investment Project on Nearly 2,000 Hectares in Koh Kong
The Ministry of Environment and the Koh Kong Provincial Administration have given permission to a private company to invest in a new eco-tourism project on 1843 hectares located in Ta Tai Kraom and Kaoh Kapi commune, Koh Kong district of Koh Kong province. According to a site inspection on 15 June 2022, this investment project […]
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NR71C 37 per cent completed and scheduled to be completed in October 2024
National Road No. 71C from Tbong Khmum District, Tbong Khmum Province to Chamkar Leu District, Kampong Cham Province, with a total length of nearly 115 km, completed 37%, and the project is scheduled to be completed in October 2024. The progress of the construction project of National Road No. 71C was made during the inspection […]
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US$18m Siem Reap Zoo Opening in October
The US$18 million Siem Reap Zoo is set to open in October 2022 officially. This is according to the inspection of the progress of the zoo by HE Veng Sakhon on 16 June. The company’s CEO, Roger Reynolds, said that the zoo was established to display the aquatic and wildlife species in the Kingdom of […]
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Star Vegas Resumes Operation in Poipet City
ASX-listed Donaco International Limited says it will recommence casino operations on 18 June, almost 14 months since closing its doors due to COVID-19. The reopening comes after the Cambodian government and local authorities lifted a temporary closure order on all casinos in Banteay Meanchey province, which includes Poipet on the border with Thailand. “We are […]
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