Asian Investors Looking West for Positive Investment Trends
Most Common Reasons International Investors Buy a Home in the U.S. In recent years, while booming economies have created significant wealth across much of Asia, investors from this vibrant region are increasingly looking to the United States as a safe haven for wealth preservation. Steven Kay, Founder and Co-CEO at Golden Gate Global, notes that […]
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CDC Approves Two Investment Projects Worth Over US$500 Million
The Council for the Development of Cambodia has officially approved private firms to invest in building two factories worth over US$500 million in Kampot and Kampong Kampong Chhnang provinces. The first investment permit has been granted to Shunying Pulp and Paper Co Ltd, with the firm investing US$504 million to build a paper processing factory […]
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PM Hun Sen: Cambodia Oil Extraction Going Smoothly, Yet to Contribute to the Economy
After a month of production, the Apsara oil station continues to operate smoothly, but the revenue earned from oil is not yet large enough to contribute to the economic recovery, according to PM Samdech Hun Sen on 01 February. (Read more) Samdech Hun Sen said that Cambodia has been producing oil for 33 days since […]
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Gov’t to Request World Heritage Site Status for Tbaeng Mountain in Preah Vihear Province
The inter-ministerial body will soon propose to UNESCO to designate Tbaeng Mountain in Preah Vihear province as a World Heritage Site, according to Ministry of Environment spokesman Neth Pheaktra during an inspection on 29-31 January 29. Mr Pheaktra said that after a detailed study, the Tbaeng Mountain historical site was selected among three other sites, […]
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Domestic Development Projects Not Solely Dependent on Foreign Debt, says PM Hun Sen
Cambodia Prime Minister Samdech Hun Sen has clarified that the government always contributes to the budget for domestic development projects and does not solely depend on foreign financial aid. During the Bakeng water treatment plant ground-breaking ceremony on 01 February, PM Hun Sen said that the government always saves up and contributes to necessary development […]
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Local Investment Expected to Reach US$1.4 billion in 2021, Infrastructure Projects Allocated Majority
A total of US$1.4 billion local investment is expected for 2021, the majority of which will be allocated for infrastructure development projects, according to PM Samdech Hun Sen during the Bakeng water treatment ground-breaking ceremony on 01 February. PM Hun Sen said that this investment figure does not yet include direct foreign investment. “In 2021, […]
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Ground Broken on Bakeng Water Treatment Plant, Chamkarmorn Plant Inaugurated
Cambodian Prime Minister Samdech Hun Sen broke ground on the morning of 01 February on a huge water treatment plant project in Bakeng and inaugurated another one in Chamkarmon. Both plants in total will be able to produce over 450,000 cubic metres of clean water per day by 2024. The Bakeng water treatment plant will […]
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Land Ministry Issues Procedures to Improve Construction Certifier License Issuance
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued detailed procedures to improve the system of issuing, renewing, and terminating construction certifier licenses both for individuals and companies, according to Prakas No.033 dated 21 January 2021. The Prakas states that professionals or companies with sufficient qualifications and work experience can apply for […]
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Expert: Real Estate Buyers More Cautious Despite Low-priced Opportunities
An expert from the Cambodia Valuers and Estate Agents Association (CVEA) recently explained that real estate buyers in Cambodia are becoming more cautious despite the opportunity to buy at low prices. This is one of the reasons why the number of sales and purchase transactions in 2020 has dropped. According to CVEA Real Estate Investment […]
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World’s Longest Undersea Rail Tunnel Back on Track
The world’s longest undersea railway tunnel project worth over US$17 billion connecting Finland to Estonia appears to be back on track after the Estonian government rejected it due to environmental, economic and safety concerns last year, according to Bloomberg on 26 January The railway will be over 100 kilometres long, mostly spanning under the sea. […]
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Experts Share 7 Key Strategies to Succeed in Real Estate Investment
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with […]
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Siem Reap 38-Road Renovation Project 17.5% Complete
As at 25 January, the 38-road renovation project in Siem Reap is 17.5% complete and still expected to finish as scheduled by the end of this year, according to the Ministry of Public Works and Transports (MPWT). The progress was revealed during a meeting between Deputy Prime Minister Tea Banh, other relevant ministers and officials […]
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