Giant Timber Firm to Plant 10m Trees on 8,500 ha in Cambodia
Think Biotech, one of the largest timber companies in Cambodia, has revealed their plan to plant 10 million commercial trees on a total area of over 8,500 hectares within this year, according to a Ministry of Environment press release issued on 25 May. Think Biotech (Cambodia) Co Ltd director Lu Chu Chang said that the […]
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Chinese Investors Main Hope for Property Market Recovery, says Expert
Real estate experts have projected that the real estate market in Cambodia will start to recover from the beginning of 2022 onwards, and Chinese investors are the biggest hope for this recovery. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Mr Lim Socheat said the first reason is […]
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Phnom Penh Airport Accelerates Green Operations, Commissions Environmentally-Friendly Equipment
New systems supplying power and air conditioning to aircraft on ground replace fossil fuelled equipment and cut further CO2 emissions and noise pollution. Following its strong stance to sustainable operations, Phnom Penh international airport – a member of the VINCI Airports network – has installed Fixed Electrical Ground Power (FEGP) units and Pre-Conditioned Air (PCA) […]
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Urbanland Breaks New Ground With Chankiri Palm Creek
Award-winning local real estate developer Urbanland held the groundbreaking ceremony for their latest Borey project ‘Chankiri Palm Creek’ on the weekend of 22 May, marking the first-ever innovative green residential project in the Kour Srov area of Dangkor district, south of Phnom Penh. The event also marked the official launch of Borey Chankiri for public […]
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Construction of New Weigh Station on NR5 Complete, Temporarily Operational
Construction of the new Longvek weigh station on NR5 in Rolea Bier District of Kampong Chhnang province has been completed and temporarily put into operation. The weigh station was officially handed over by the Japan International Cooperation Agency (JICA) to the Department of Public Works and Transport of Kampong Chhnang on the morning of 24 […]
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Land & Houses Gifted to Almost 1,000 Veteran Families in Kompong Thom & Pursat
A total of nearly 1,000 poor and disabled veterans in Pursat and Kompong Thom have been gifted with land plots and new homes for their life of sacrifice. In Pursat province, the Cambodian Red Cross provided US$500,000 to build houses for 628 veteran families. The house is located on over 900 hectares concessional land plot […]
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Ministry Earns US$21 Million in Royalty Revenue from Mining Sector
The royalty revenue, or non-tax revenue, from the mining sector totalled US$21 million for 2020, inching up 5% compared to 2019, according to the Ministry of Mines and Energy. Director-General of Mines at Ministry of Mines and Energy HE Yos Monirath said on 24 May that the royalty revenues were from the registered licenses of […]
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New Phnom Penh International Airport 40% Complete
Photo credit to Cambodia-SkylineSkyscraper As of May, the construction of the new US$1.5-billion Phnom Penh International Airport is approximately 40% complete, with the construction of each major parts proceeding as planned, according to officials of the new Phnom Penh International Airport on Friday 21 May. Overall, the construction is expected to finish and be open […]
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Experts: Property Market Might Not Recover in 2021; Expected to Grow Fast in 2022
By the end of 2020, many analysts predicted that the real estate market would recover in 2021. However, due to the recent COVID community outbreak, the growth forecast has been changed to 2022 at the earliest. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat said that […]
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Home improvement retail brands look to gain a foothold in Cambodia
With the increasing disposable income, rising consumer spending, remodel and renovation of homes; the rapid rate of urbanization of Phnom Penh, and the increasing middle-class population, these major drivers are increasing the number of new and existing home sales and home improvement businesses in Cambodia. In addition, cost control, innovation in products, better logistics, and […]
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171 Families Affected by New Phnom Penh Airport Development Receive New Homes
A total of 171 families affected by the new Phnom Penh international airport development have officially received their new houses in a new location under an exchange agreement. Held on the morning of 21 May, the handover ceremony was presided over by Director General of the Housing Department at the MLMUPC HE Benghong Socheat Khemro, […]
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One High-Voltage Transmission Line & Two Substations Go Online in Mondulkiri
A high voltage transmission line connecting Kratie and Mondulkiri provinces and two substations in Mondulkiri province have officially begun operation, according to Electricite du Cambodge (EDC) Director-General Keo Rattanak. HE Keo Rattanak told Fresh News that the transmission line is a 230 kV line with a length of 133 km. Meanwhile, the two substations include […]
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