Gov’t to Inaugurate Five Infrastructure Projects & Break Ground on Several Others in 2022

After the country’s reopening on 1 November, the Cambodian government has jump-started the economy by restarting operations in almost all sectors. Infrastructure development is one of those that the government has put significant effort and resources into. In early November, several ministries have been inaugurated and saw ground broken on. On Tuesday 23 November, Prime Minister Samdech Hun Sen...

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PM Hun Sen Inaugurates Stueng Trang-Krouch Chmar Bridge, Breaks Ground on NR71C

Prime Minister Samdech Hun Sen presided over the official inauguration of the Stueng Trang-Krouch Chmar Bridge, as well as the groundbreaking ceremony for the NR71C construction project on 23 November. The Stueng Trang-Krouch Chmar Cambodia-China Friendship Bridge connects the west bank of Mekong River at Boeung Deng village, Stung Trang district in Kampong Cham province to the east bank at Kdo...

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HLH Group Successfully Sells US$12-million Hotel in Sihanoukville

Hong Lai Huat (HLH) Group’s subsidiary PH One Development has successfully sold its US$12-million D’Seaview hotel project in Sihanoukville. The sale was completed on 17 November with ownership titles already transferred, according to HLH Cambodia Public Relation Manager Kuoch Lengkheang. HLH Group announced the sale of its 98-key hotel in its D’Seaview project in Sihanoukville for approximat...

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Four Private Firms Join Hands with Local Authorities to Boost SHV Development

Four private companies have entered a partnership with the Sihanoukville Provincial Administration to attract more investors and boost development within the province. The MoU on attracting investment to contribute to the development of SHV was signed by the representatives of the five parties on Wednesday 17 November. According to the provincial administration’s press release, the four comp...

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Ground Broken on Second Building of Krouch Chhmar Referral Hospital

Construction of the second building of Krouch Chhmar Referral Hospital in Tbong Khnum province has officially begun, while the first building is over 90% complete. The ground-breaking ceremony was held on Monday 22 November in the presence of the Minister of Land Management, Urban Planning and Construction HE Chea Sophara along with other relevant officials. The second building is 18 metres ...

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Ministry of Interior Orders Relevant Authorities to Solve Land Disputes Transparently

The Ministry of Interior has requested relevant authorities to address all types of land disputes nationwide in a transparent and effective manner, especially for local and indigenous peoples. The ministry gave the order during the 14th National Conference on Land and Natural Resources Governance with 53 partnered NGO partners on Tuesday 17 November. Secretary of State of the Ministry of Int...

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ADB Provides US$180-million Loan for Infrastructure Development in Three Cambodian Cities

The Asian Development Bank (ADB) has approved a US$180-million loan to help three cities in Cambodia improve urban infrastructure and boost economic competitiveness. The Livable Cities Investment Project will help more than 140,000 residents in Bavet, Kampot, and Poipet access better wastewater and solid waste management services, according to a press release issued on 19 November. The proje...

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Resort-Style Lennar Masterplan Community in Homestead, Florida

Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community of Pine Vista in Homestead, Flor...

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Which Locations Better for Borey and Condo Development in Phnom Penh?

Thanks to the rapid real estate development in Phnom Penh, every location in the capital has attracted a huge investment from local and international investors who are willing to build projects such as factories, markets, schools, and especially Boreys & condos. This trend has pushed land prices inside and outside Phnom Penh to significantly increase in value, especially for the locations a...

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Importance of air purifier and ventilation in building construction

During the COVID-19 pandemic era, air purifiers and ventilation systems have become essential in both commercial buildings and residential units. If a closed building does not have adequate airflow and a proper air purification system, the risk of getting infected is higher, if someone in the building is positive. The smart ventilation system includes the installation of exhaust fans that can s...

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Cambodia issues new regulations strengthening control over steam power plants

The Ministry of Mines and Energy (MME) has issued a new Prakas to regulate steam power operations, requiring all businesses related to this sector to request a permit prior to operation. According to Prakas No. 0305 dated 4 November 2021, any companies willing to develop, build, install, and operate steam power, both direct and indirect usages, must first apply for a permit from MME. Compani...

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Real Estate Crisis Could Drag China’s Economic Growth Down to Lowest Level Since 1990s

Experts have projected that China’s economy could slow down to the lowest level seen since way back in the 1990s, mainly due to its new policies to reduce dependence on the property sector. Beijing’s pressures on the real estate sector such as increasing tax, restricting mortgage, among other policies, could cut their growth forecasts in 2022 to below 5%, as the real estate sector contributes a...

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