Gov’t Temporarily Shuts Down Six Casinos in Kandal and reopens 26 properties in Phnom Penh
The Cambodian government has announced the temporary closure of six casinos in Kandal province after five people were found to be COVID-19 positive related to the February 20 incident, but also reopened 26 properties in Phnom Penh. The Kandal Provincial Administration on 09 March announced the closure of six casinos, including the Jinsakungfu Casino and […]
Read More
Kandal Land Department Suspends Land Title Issuance Service for 7 Days
The Department of Land Management, Urban Planning and Construction of Kandal Province has suspended property ownership title and taxing related document issuance services for 7 days from 09 to 15 March 2021. The temporary suspension is due to the surge in the COVID-19 community outbreak and the order from Prime Minister Samdech Hun Sen last […]
Read More
Sihanoukville Port Expansion Project Phase 1 Postponed to Mid-2022
The construction of Sihanoukville port expansion project phase 1, which was first scheduled to begin this year, will now be postponed to mid-2022 due to the COVID-19 pandemic, according to a senior official at Sihanoukville Autonomous Port. The Administrative Director of the Project Management Unit of the Sihanoukville Autonomous Port Sokkoul Chenda recently told Cambonomist […]
Read More
NagaCorp Sees Over 80% Y-O-Y Profit Drop Amid Pandemic
NagaCorp has posted a net profit of US$102.3 million for its 2020 financial year, an 80% drop compared to the amount earned in 2019, mainly due to the April-July closure in response to the COVID-19 pandemic. According to their annual report released on 08 March, the total revenue of the firm in 2020 was recorded […]
Read More
Overseas Investors Eye Hanoi Office Market
The strong performance of the dynamic Hanoi office market is generating increasing interest among international investors who see great future potential in the Vietnamese capital’s corporate space. The low number of vacant spaces together with high demand, Vietnam’s impressive record in controlling the COVID-19 pandemic, its strong economy and international interest, particularly from China and […]
Read More
Kampot Administration Puts Travel Restriction on National Road 3
Kampot Provincial Administration has announced travel restrictions on National Road 3 at the border point of Prey Nob District of Sihanoukville and Teuk Chhou District of Kampot Province with maximum caution. Kampot Governor Cheav Tay said on 04 March that to prevent the spread of COVID-19, the provincial administration decided to close traffic between Kampot […]
Read More
What Is Homeowners Insurance? How Does It Work?
Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s house as well as other assets within. It also provides liability coverage against accidents in the home or on the property, according to Investopedia. A homeowner’s insurance policy in most of the case covers four kinds of incidents on […]
Read More
CDC Licenses Another Investment After Over 12 Approved in First 2 Months of 2021
The Council for the Development of Cambodia (CDC) has officially given the permit to a private firm to develop another factory in Kandal province, after over a dozen of projects worth more than US$700 million have been approved in just the two months of 2021. The investment permit this time has been granted to Jiangyao […]
Read More
Vietnam Planning US$53 billion 30-year Airport Expansion
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between […]
Read More
Ground broken on first river dam at Khmer – Thai border in Battambang
Ground was broken on the Mongkul Borei River dam, the first-ever dam built at the Khmer – Thai border area, on 04 March, marking another rural infrastructure development in Battambang province. The dam is located in Mneas Kal and Kampong Chamlong Krom village in Kamrieng district. The groundbreaking ceremony was presided over by Battambang Governor […]
Read More
Cambodia, Singapore Officially Sign Agreement on Phnom Penh Logistics Centre Project
The Ministry of Public Works and Transport (MPWT) and Singapore’s YCH and Infrastructure Asia (IA) officially signed a framework agreement on the Phnom Penh Logistics Centre on 04 March. As a result, Cambodia has decided to select Singapore’s YCH and Infrastructure Asia (IA) as private partners to study and develop the Phnom Penh Logistics Centre […]
Read More
New Borey Project to Boost Economic Potential of Dangkor District
Advertorial A large Borey project in Dangkor district Ti Leang Dangkor Green Park has recently announced a new brand ambassador, former Miss Universe 2018 Roeun Nath, together with its news mission to boost the Dangkor district economic potential to the highest extent possible. Located on Prey Sar Road, this new Borey will be constructed on […]
Read More