Local Firm Uses AI-Driven Research & Analysis to Modernise Cambodia’s Real Estate Sector
A local firm Z1 Data Co., Ltd has unveiled a product using AI-driven research and data analysis to modernise and boost the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman. His computer science and artificial intelligence background...
Read MoreCity Hall to Transform Stueng Meanchey into a Model Liveable Community
The Phnom Penh Capital Administration plans to re-organise, build, and upgrade public infrastructure in the Stung Meanchey area to transform the community into a model organised liveable community. According to an official meeting held on 7 March, the project will include building public spaces, common areas, community centres, sidewalks, gyms, gardens, among other amenities. The project als...
Read MoreCAIC to Adjust Alignment of New Road Connecting 60m Road to New Airport
Cambodia Airport Investment Co., Ltd (CAIC) has proposed adjusting the alignment and lanes details of the road connecting Samdech Techo Hun Sen Blvd. (St. 60m) to the new Techo International Airport. The proposal is currently under consideration by the Kandal Provincial Administration, as the relevant working group held a meeting on 7 March to discuss the proposal. However, no results have been...
Read MoreGround broken on new US$3-million Sihanoukville provincial hall complex
Construction of the new Sihanoukville provincial Hall complex has officially begun with the groundbreaking ceremony presided over by Sihanoukville Governor HE Kouch Chamroeun on Monday 7 March 2022. The new building is a replacement of the old one with the approval from PM Samdech Hun Sen and Minister of Land Management, Urban Planning, and Construction HE Chea Sophara. Built with a budget o...
Read MoreLarge-scale US$30m Clean Water System Expansion to Begin Construction in June
The Phnom Penh Water Supply Authority (PPWSA) and KKKCT Consortium on Monday 7 March signed a construction contract for the expansion of the Takmao clean treatment plant using Japanese Grant Aid. Under the contract, the project will start construction in June 2022 and finish in December 2024. According to PPWSA Director-General Long Naro, the plant capacity expansion will cost US$30 million,...
Read MoreGDT to Launch New Real Estate ID Management System: No Tax, No Title Transfer
The General Department of Taxation (GDT) will soon launch a new real estate ID management system for boreys and housing developers to register and pay real estate tax. The remark was made by HE Kong Vibol, Director General of the General Department of Taxation, in a seminar on annual income tax obligations held on March 3. "With this new system, if developers do not pay taxes and do not have...
Read MoreConstruction of Techo International Airport 32% Complete; US$414m Spent
Construction on the new Techno International Airport is 32% complete as of early March, according to a Cambodia Airport Investment Co., Ltd. (CAIC) press release of 4 March. CAIC added that a total amount of US$414 million has been spent to date on the development excluding the airport land investment. Even though the COVID-19 pandemic and flooding during the rainy season caused some disrupt...
Read MoreMEF Issues New Regulations to Speed Up Local Infrastructure Projects Procurement
The Ministry of Economics and Finance (MEF) has instructed all sub-national administrations to accelerate local infrastructure construction projects procurement. According to Circular No.002 dated 03 March 2022, the new order has been made after the ministry discovered many delays in project preparation, technical review, and payment for construction firms. Procurement is the process of find...
Read MoreUS$50-million Cambodia-China Friendship Hospital Tbong Khmum Officially Inaugurated
The China-backed Tbong Khmum Cambodia-China Friendship Hospital, the first modern hospital in the eastern part of the country, was officially inaugurated on Monday 7 March 2022. The inauguration ceremony was presided over by Cambodian Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The Tbong Khmum Cambodia-China Friendship Hospital was built on 24,300 sqm o...
Read MoreJapan Provides Approx. US$300k grant for Infrastructure Projects in Six Provinces
The Government of Japan has provided a total of nearly US$300,000 through the KUSANONE scheme t to build small water treatment plants, provide water supply equipment, and assist in the installation of artificial motion therapy equipment in various provinces. The grant agreement was signed between Cambodian and Japanese representatives on 4 March 2022. The project to install artificial motion...
Read MoreHattha Bank Invests US$15 million in CAIC Bond to Fund New Airport Development
Hattha Bank Plc has invested US$15 million in guaranteed bonds of the Cambodia Airport Investment Co., Ltd. (CAIC) to fund the development of the Techo International Airport. The agreement was signed on 4 March held between CAIC Director Mr Charles Vann, Hattha Bank President and CEO Oknha Hout Ieng Tong, in the presence of Neak Oknha Dr Pung Kheav Se, Chairman of Overseas Cambodian Investment ...
Read MoreMondulkiri Authorities Issue New Orders to Crackdown on Illegal Divided Land Plot Businesses
Mondulkiri provincial authorities have warned of severe fines and legal action against any unlicensed divided land plot businesses (Dey Lo), while they currently crack down on these businesses at their locations. The warning came after provincial authorities have found many businesses operating illegally without permits. In some cases, the developers refuse to transfer land ownership to buyers ...
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