Loose Regulations Blamed for Recent Residential Construction Suspensions
The recent suspension of several Borey residential projects in Phnom Penh due to financial and contract issues has raised concerns about the loose regulations governing the real estate market in Cambodia. As a result, buyers have gathered on the public street, protesting for justice. While some have expressed fears that the suspensions may spread and affect the entire local market, experts beli...
Read MoreTecho Int’l Airport construction progress reaches 44% completion
The construction of Phnom Penh’s Techo International Airport has reached over 44% completion, according to HE Nou Peng Chandara, Deputy Governor of Kandal Province. Speaking at a press conference on “Five Years of Success of Kandal Provincial Administration” on 30 March 2023. HE Chandara provided an update on the settlement of land disputes, saying that the authorities are currently working to ...
Read MoreFairfield Bay Marriott Phnom Penh Officially Launches: The Ultimate in Luxury Hospitality
The Fairfield Bay Marriott Phnom Penh, a four-star luxury hotel, was officially launched on 31 March 2023, at the 45-storey Chip Mong Tower. The inauguration was presided over by HE Dr. HUN Manet and Lok Chumteav Dr Pich Chan Mony, and attended by more than 700 distinguished guests. The opening ceremony was graced by the Chairman of the Board of Directors of Chip Mong, Duke Leang Khun, who expr...
Read MoreGov’t approves 5 energy investment projects with a total capacity of 520 MW
The Government of Cambodia has approved five renewable energy investment projects with a total capacity of 520 megawatts to increase the power supply to the national grid and contribute to reducing the use of carbon dioxide and ensuring the environment, and natural resources. The renewable energy projects were approved agenda of five renewable energy projects for discussion and approval in the ...
Read MoreFirst Faecal Sludge Treatment Plant in Phnom Penh reached 90%
The construction of the Faecal Sludge Treatment Plant in Phnom Penh is about 90% complete, according to HE Nuon Pharath, Deputy Governor of Phnom Penh on March 29, 2023. The first phase of the Faecal Sludge treatment plant will be completed by the end of April and is scheduled to officially inaugurate in mid-May. This project started construction in May 2022 on an area of 3 hectares in Phleu...
Read More$1.58Bln of Over 2K Construction Projects Greenlight in Siam Reap in Last 5 Years
In the last 5 years, Siam Reap has received a total of 2 305 construction projects, which accounted for 2.19 million square meters with total registered capital of US$1.584 billion, according to provincial governor Tea Seiha addressing at a March 29 press conference on the province’s achievements in the past five years. H.E. governor noted that during these last few years, Siam Reap province ha...
Read MoreJapan Provides over US$160k for Emergency Project to a Hospital in Sihanoukville
The Government of Japan has provided $ 166,837 for the procurement of used ambulances and fire trucks for the Cambodia-Vietnam Friendship Hospital in Sihanoukville. This is according to the signing ceremony of the grant agreement on March 28, 2023. This project provides 2 ambulances and 2 fire trucks, which were modified and provided to the Cambodia-Vietnam Friendship Hospital in Sihanoukville....
Read MoreUp to 150K land titles in Siam Reap issued to date
In the last five-year period from 2018 to early 2023, more than 48 476 plots of land were systematically registered for the people in 6 different districts of Siam Reap province, and since the implementation started in 2004, the provincial authorities have registered 150k titles. Addressing at a March 30 press conference on the province’s achievements in the past five years, provincial governor...
Read MoreAFD Increases Funding to €200m for Cambodia, €25M (US$27M) Allocated for Rural Road Development
The French Agency for Development (AFD) has reaffirmed its commitment to supporting Cambodia's economic growth by doubling its cooperation financing from €100 million to €200 million per year. Furthermore, an additional €25 million (US$ 27 million) will be allocated to the Department of Rural Development for rural infrastructure development. At the recent meeting on 28-29 March 2023 between the...
Read MoreRoyal Hong Lai Huot One Company Limited Launches the Royal Group Platinum Condo
Advertorial On 26th March 2023, Royal Hong Lai Huot One Company Limited announced the groundbreaking ceremony for the Royal Group Platinum Condo, a detached aerial villa built to Singaporean standards and management. With 851 residential units and 51 commercial units spread across 100,000 square meters, the Royal Platinum Condominium offers affordable residential and commercial buildings to enh...
Read More165km of 14 New Road Spanning Six Districts in Kompong Speu Officially Inaugurated
A total of 14 new roads spanning more than 165km in length in Kampong Speu province, were officially inaugurated under the auspices of HE Hun Many, an elected lawmaker in the province, on 29 March 2023. The roads, which were constructed under the Ministry of Rural Development's management, include 153.25km of DBST paved roads and 12.38km of paved and concrete roads. The project cost is US$15.15...
Read MoreGiant PTT To Invest US$900M More on Local and Overseas Business
Thailand PTT Oil and Retail Business Pcl, a leading oil and gas retailer, has revealed plans to invest $900 million this year to expand its local and overseas business. The announcement was made by Chief Executive Officer Disathat Panyarachun, as reported by Bangkok Post on 28 March 2023. According to Disathat, approximately 45% of the budget will be allocated to expanding the company's Cafe Am...
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