Land Ministry gifts over 700 land plots to locals in Kratie province

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by 458 targeted families from Sambok, Changkong, Dar, Thme...

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CPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development

Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung Kheav Se as the witness The funds raised from the guaran...

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Japanese firms mull establishing natural gas and solar power plants in Cambodia

The Embassy of Japan in Cambodia said that a number of Japanese firms plan to establish many development projects in Cambodia, especially in the renewable energy sector. The information was stated by the Japanese Ambassador to Cambodia HE Masahiro Mikami in the meeting with Cambodian Prime Minister Samdech Hun Sen on Tuesday 28 December. "Japan has a number of companies planning to build nat...

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Cambodia Utility Infrastructure & Digitalisation: Koh Kong Substation Project Selected as Finalist at Bentley YII 2021

The Koh Kong 230/22-kV Substation of Pestech International Berhad has been selected as one of the finalists of the Bentley System’s 2021 Going Digital Awards in Infrastructure, reflecting another small step of Cambodia’s utility sector toward digitalization. Being one among 57 finalists selected from nearly 300 nominations across 45 countries is an achievement not only for Pestech but also for ...

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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 to "lie flat," urging employees to fight day and nig...

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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 Siem Reap Provincial Hospital Building_De...

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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. CBRE Cambodia Managing Director James Hodge said that the o...

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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 last year. We still have 7,989,864 tons fr...

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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, internet service providers, and residents of B...

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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 to clients that alway...

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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 Kotchak...

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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 Kong Sophorn also urged officials to cooperate with the pr...

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