Chip Mong 271 Mega Mall to Open on​ 12 September

Chip Mong 271 Mega Mall will open to the public on Monday 12 September, showcasing multiple renowned international and local brands with restaurants, clothing, and electronics as well as many other ​​products and services. With an investment of over US$150 million from Chip Mong Retail, the Chip Mong 271 Mega Mall has partnered with many famous brands such as H&M, Adidas, Calvin Klein, Parf...

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Gov’t Approves Over 100 New Investment Projects Worth US$3.4bn in First 8 months of 2022

In the first eight months of 2022, the Council for the Development of Cambodia (CDC) approved more than 100 investment projects worth approximately US$3.4 billion. According to the CDC’s reports obtained by Construction & Property News, these projects help create over 63,000 jobs for people in the areas where the projects are located. Those projects are in different sectors ranging from ...

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Major New Road in Stung Treng Officially Inaugurated

A newly built major road in Borey O’Svay Senchey district in Stung Treng province was officially inaugurated under the presidency of Governor Svay Sam Eang on Tuesday 6 September. This road is a DBST type with a length of over 10km and a width of 7m (Provincial Road No. 379A). The road is equipped with over a hundred drains to prevent flooding. The road was built in two phases, 4.4km of whic...

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Cambodia’s renowned hospitality group Shinta Mani to launch in first property aboard in 2023

Cambodia’s renowned hospitality group Shinta Mani has partnered with Kathmandu-based Sherpa Hospitality Group to open the first Shinta Mani hotel outside of Cambodia. The 29-suite Shinta Mani Mustang - a Bensley Collection luxury lodge is scheduled to open on 1 March 2023. Designed by Bill Bensley, Shinta Mani Mustang perches high above the town of Jomsom at the gateway of Mustang, an isolat...

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OCIC & Malaysian Association Expand Cooperation in Boosting Construction & Real Estate Sector

Overseas Cambodian Investment Corporation (OCIC) and Malaysia Retail Chain Association (MRCA) have signed more MoUs to boost their respective lines of business in Cambodia. According to the OCIC announcement on 5 September, the cooperation will help expand both parties' businesses including shopping centers, aviation, satellite city development, real estate development, construction and constru...

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NBC to issue US$25 million Government bond on September 7

The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per unit is worth 1 million riels (US$250). Investors who ...

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Kampong Spue Stadium Officially Inaugurated

Kampong Speu Provincial Stadium was officially inaugurated on 6 September under the presidency of the Deputy Prime Minister and the Minister of Land Management, Urban Planning and Construction HE Chea Sophara. Located in Ta Mol Village, Sangkat Chbar Morn, Chbar Morn City, Kampong Speu Provincial Stadium is a standardised size stadium spreading over 4 hectares of land. HE Chea Sophara said t...

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Kampot Governor Mulls Building More Luxurious Beach Resorts & Public Parks

Kampot provincial authorities plan to build more luxurious resorts and beaches to attract more tourists, according to Provincial Governor HE Mao Thanin on 5 September. The governor said that Kampot is a coastal province with rich potential and resources, but the province has yet to offer luxurious beaches for tourists. He added that the provincial administration plans to build a 2km beach al...

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Chinese Gov’t to Issue US$29bn Loan to Help Developers Complete Housing Projects

The Chinese government plans to issue 200 billion yuan (US$29 billion) in special loans to help developers finish their stalled housing projects, according to Caixin. This loan will be issued under the cooperation of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the central bank. The loan may be provided by China Development Bank, Agricultural Development ...

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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals

After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...

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Chinese gov’t gives greenlight to first fully autonomous taxi service

The Chinese government has granted permits to Chinese technology company Baidu to first develop and run the fully driverless “robotaxi” service on open roads. Named “Apollo Go”, the service is now authorised to run in Chongqing and Wuhan, with five Apollo vehicles operating in each city, according to GCR. The areas of service cover 13 square kilometres in the Wuhan Economic and Technological...

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Australian chemists invents self-glueing bricks from cooking oil

Researchers at Adelaide’s Flinders University have invented bricks from wasted cooking oil that can bond without mortar. According to GCR, the brick is a lightweight and durable polymer block that undergoes a sulfur-based adhesive reaction when brought into contact with each other in the presence of a catalyst. The bond created by the process is comparable to that achieved by super glue. ...

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