Vietnam’s Energy Firm Signs US$400 Power Agreement with Siemens Gamesa

BCG Energy and Siemens Gamesa have signed a cooperation agreement on US$400 wind power development in Vietnam. Under the terms of the agreement, Siemens Gamesa will be the supplier of equipment and technical solutions for BCG Energy to implement more than 500MW of wind power projects in the south-east Asian country, VN Express reported on 1 November. The agreement was signed on the side line...

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Prey Veng Real Estate Businesses Ordered to Get Permits in 30 Days or Face Legal Action

The Prey Veng Provincial Department of Economy and Finance has ordered all real estate development businesses to apply for a permit or license before 30 November; or otherwise face severe legal action. According to the announcement dated 27 October 2021, residential projects with 4 to 30 apartment rooms/villas/condo units, or land plot developments sized under 10,000 sqm must apply for the perm...

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ULS Partners with J Trust Royal Bank to Offer Home Loans to Rose Apple Square Condo Buyers

Innovative lifestyle development firm Urban Living Solutions (ULS, Cambodia) HAS entered into a memorandum of understanding with J Trust Royal Bank for its latest mixed-use project in Siem Reap - Rose Apple Square. This MoU aims to simplify the home loan application process and encourage millennials and young families to venture into homeownership through 3 easy steps: Step 1: Buyer selects the...

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Clean Phnom Penh Campaign Launched; More Waste Management Infrastructure to be Built

Minister of Environment HE Say Sam Al officially announced the launch of the "Clean Phnom Penh" campaign on Monday 1 November to enhance the beauty of the city, strengthen waste management infrastructure, and educate all citizens to care more about the environment. The Clean Phnom Penh Campaign this year will be implemented under the slogan "New Habits, Clean Habits". Not only educating on and ...

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Phnom Penh Bus & Ferry Services Resume From 2 November; Free Rides for 6 Days

Public bus and ferry services in Phnom Penh will resume from Tuesday 2 November onward with free rides for the first 6 days until 8 November. According to the announcement from the Public Bus Authority of Phnom Penh, the lines include: Bus: Line 1: From Prek Pnov Station to Veal Sbov Station Line 2: From Kouch Kanong Roundabout Station to Spean Prek Samrong Station of Takhmao City. Line 3...

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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville

HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and distribution centre that includes a seafood marke...

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Germany Trains Dogs to Sniff for Unexpected Wildlife at Rural Construction Sites

Away from sniffing for mines, dogs are being trained to sniff for wildlife at massive construction sites as part of an acceleration of construction projects. The railroad company - Deutsche Bahn (DB) in Germany started a project on sniffing dogs to search for wildlife and construction site establishments. The training program conducted to the puppies or sniffer dogs is done in order to detec...

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Cambodia’s first international standard baseball court set for Kampong Chhnang

A local real estate company has unveiled an investment plan to build an international-class baseball court in the Samaki Meanchey district of Kampong Chhnang province. The court will be built on an area of 3 hectares with an investment value of about US$400,000, said Mr. Chhim Dara, CEO of Homeland Real Estate and President of the Baseball Association of Cambodia. Mr. Dara said on Monday 1 N...

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Office Market Putting More Pressure on Landlords

By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows a direct impact from COVID-19. The over...

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World’s First Self-Driving High-Speed Train Near Completion

Construction of the world’s first self-driving high-speed railway in China is reaching completion soon ahead of the 2022 Beijing Winter Olympics, reported South China Morning Post last week. Known as the Beijing-Zhangjiakou intercity railway, this new bullet train line connects Beijing and Zhangjiakou – the games’ twin host cities. The route has a length of over 173 kilometres of double-trac...

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Cambodia Stops Licensing Coal-Fired Power Plant Development Projects

The Ministry of Mines and Energy has confirmed that new coal-fired power plant development projects will no longer be allowed as the government is committed to contributing to climate change mitigation. The remarks were made by HE Suy Sem, Minister of Mines and Energy, in a meeting with HE Tina Redshaw, British Ambassador to Cambodia last week. In the meeting, HE Suy Sem highlighted Cambodia...

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Cambodia to Have First International Racetrack Worth Approx. €26 million

Maritime Group has signed an agreement with PHG International, who won the bid to build Cambodia's first international racetrack worth approximately €26 million. According to Fresh News on 28 October 2021, this racetrack is the first one in Cambodia recognised by the FIA (Fédération Internationale de l'Automobile) and is 100% invested in by the Maritime Group. The project will be built on 16...

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