Evergrande vows to deliver 39,000 units of properties in December despite debt defaulting
China Evergrande Group has vowed to accelerate their construction works with the aim to deliver 39,000 units of properties within this year, despite being downgraded to restricted default earliest this month. According to CNN, Evergrande Chairman Hui Ka Yan said during a meeting on Sunday 26 December that no one at Evergrande would be allowed […]
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Major Infrastructure Projects Broken Ground in 2021
Although 2021 was hit hard by the COVD-19 pandemic with several lockdowns and the spread of new variants, the Cambodian government has continuously upgraded and built infrastructure projects. Thus far, none of the infrastructure projects has been delayed. Here is the list of the major infrastructure projects that saw ground broken in 2021. US$19 million […]
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Future of Cambodia Real Estate Sector in 2022 & Beyond
The real estate sector in Cambodia was hit hard in 2020 at the start of the COVID-19 pandemic. In 2021, opposite to the positive expectations, the market was hit even harder given lockdowns and the widespread new variants. However, after the country’s reopening in November, many real estate analysts have increased their hopes for 2022. […]
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Domestic cement production reaches nearly 8 million tons in 11 months
During the 11-month period of 2021, five domestic cement factories produced a total of 7.9 million tons of cement, which is equal to the amount produced last year, according to Cambodian Cement Manufacturing Association Secretary-General Puth Chandarith. “From January to November 2021, it did not decrease in production, we produced the amount as we did […]
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Internet Providers Given 3 Months to Improve Signal Quality in Boreys or Face Legal Action
The Ministry of Posts and Telecommunications has given three months to internet and telephone service operators to enhance the quality of all internet and telephone services in boreys or face legal action after the deadline. The remarks were made by HE Chea Vandeth, Minister of Posts and Telecommunications, in a meeting with mobile phone operators, […]
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ISI Steel Celebrates 25th Anniversary of Growth
Advertorial ISI Steel, the largest and leading steel product processing and distribution company in Cambodia, on Saturday 25 December celebrated its 25th anniversary with all levels of its staff and customers nationwide. Held with strict health measures, the event gave away many special promotions and souvenirs to customers. The celebration was also to express gratitude […]
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PropertyGuru Asia Real Estate Summit opens its 2021 virtual edition with calls to harness the power of data to revolutionize the sector
DATA-DRIVEN INSIGHTS UNDERPIN TIMELY CONVERSATIONS ON PROPTECH, GREEN BUILDING, URBAN RESILIENCE, SMART CITIES, AND SUSTAINABILITY • Global speakers include senior representatives from the International Finance Corporation/World Bank Group, The Economist Corporate Intelligence Unit, Milken Institute, Bank of Singapore, and the Original Voice of Siri • Acclaimed Thai landscape architect Kotchakorn Voraakhom is named PropertyGuru’s Visionary […]
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Kandal Provincial Administration Accelerates State Public Land Registration
The Kandal provincial administration has urged all 11 district governors to register state public land that has not yet been registered and to resolve in advance land disputes out of court. The remarks were made by Kandal Governor HE Kong Sophoan in the meeting with the provincial land management committee on Thursday 23 December. HE […]
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3,263 Construction Projects Registered in 9 Months
3,263 construction projects were registered in the first nine months of this year, a 476-project decrease from the same period last year. Figures from the Ministry of Economy and Finance issued recently showed that the value of registered construction projects was US$4.6 billion, a year-on-year decrease of 20.6%. Of the total registered construction projects, 2,909 […]
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Construction Officially Begins on US$19 million Siem Reap Provincial Hospital Building
The construction of a new building in the Siem Reap Provincial Hospital under a JICA grant aid of approximately US$19 million has officially begun. Held on Thursday 23 December, the ground-breaking ceremony was presided over by the Director of Siem Reap Provincial Health Department Dr Kros Sarath and joined by other relevant officers. The building […]
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Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date
Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according […]
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Construction of Longest Bridge of PP-SHV Expressway Completed
The longest bridge of the Phnom Penh-Sihanoukville expressway has completed the installation of all box girders and has been fully connected to the pavement on both sides. According to the official Facebook page of the expressway on 22 December, the bridge is located at the 179-kilometre point of the expressway crossing over the river at […]
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