Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
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Over 1,000 Construction Sites in Angkor Park Inspected
During the first quarter of 2022, the APSARA National Authority (ANA) inspected, consulted, and provided technical assistance to home construction sites for 1029 families in Angkor Park within the Angkor Archaeological Park. According to an ANA announcement on 12 April, the inspection has been done to ensure safety and public order within the park. Before […]
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Iron & Steel Imports Value in Q1 at US$84 million, 3.5% Y-o-Y Increase
The value of steel and steel imports in Q1 2022 was US$84 million, an increase of 3.5% compared to the same period last year, according to the three-month report of the General Department of Customs and Excise. In March alone, the value of steel and steel imports amounted to US$26.29 million, the report added. During […]
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Indonesia’s First High-Speed Railway to Start First Trial in November
Indonesia’s first high-speed railway connecting the country’s largest cities of Jakarta and Bandung is set to begin a test run in November in time for the G20 meeting in Bali, reported GCR. After a difficult six-year construction period, the project is now at 80% completion, according to the governor of West Java province Ridwan Kamil. […]
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Oman’s US$1bn Sustainable Tourism City Launched in Oman
Oman has officially launched the first phase of its US$1-billion mega coastal tourism city development— the Yiti Sustainable City. Spreading on over 100ha of land in Muscat, the project is being implemented by Tourism Development Company (Omran Group) and Diamond Developers. According to the firm’s press release on 30 March, the first phase will include […]
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Tourism Development Master Plan focuses on three main connections in Mondulkiri province
The Master Plan on Tourism Development in Mondulkiri province 2022-2035 focuses on connecting the three main means of transportation for Mondulkiri province. The sixth strategic direction of the master plan stated the connection to facilitate travel and integrate within the national and regional framework, in three ways air, waterway, and expressway connections. Currently, the Royal […]
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Denationalization Vs Nationalization of State Property
In Cambodia, the government has divided its property into two types: state public property and state private property. These two types of property can be reclassified through denationalization or nationalization. What are these two types of property? and how do denationalization and nationalization work? State public property refers to the immovable property of the state […]
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Gov’t plans to build standardized heavy trucks parking lots around Phnom Penh suburb
The Ministry of Public Works and Transport (MPWT) has requested Phnom Penh Hall to set up standardized parking lots for heavy vehicles and cargo trucks in Phnom Penh, especially in the suburban area. HE Min Manavy, secretary of state for the Ministry of Public Works and Transport, said on 7 April that the Ministry has […]
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Canada to build multibillion-dollar hyperloop train linking 2 major cities
French Canadian firm TransPod says it has already raised US$550 million for its multibillion-dollar project to build an ultra-fast vacuum tube link between Calgary and Edmonton, reported GCR. The money was raised from UK project finance group Broughton Capital and Chinese state-owned industrial trading company China-East Resources Import & Export. If it is built, the […]
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Gov’t approves four investment projects worth US$31M in PP, SHV, & Svay Rieng
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest in four projects worth over US$31 million in Phnom Penh, Sihanoukville, and Svay Rieng. The first company is Covered Bridge Cabinetry Manufacturing Co., Ltd. investing US$8.8 million in building a furniture factory in Sihanoukville. The second company is […]
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Japan to help ASEAN develop carbon capture & storage technologies
Japan plans for ASEAN nations to develop carbon capture and storage technologies as its vision for a zero-emissions Asian community. According to the Nikkei Asia report, Asian economies are still reliant on cheaper but carbon-intensive coal, thus carbon capture and storage projects are highly needed to them reduce emissions. Those technologies include carbon capture and […]
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Mondulkiri tourism development master plan 2021-2035 officially launched
The National Committee for Tourism Development officially disseminated and launched the “Master Plan For Mondulkiri Tourism Development 2022-2035” which is a guiding document for the development of the tourism sector in the Northeastern area of the country. Held on April 11, the official dissemination was presided over by HE Aun Pornmoniroth, Deputy Prime Minister, Minister […]
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