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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3,263 Construction Projects Registered in 9 Months

3,263 construction projects were registered in the first nine months of this year, a 476-project decrease from the same period last year. Figures from the Ministry of Economy and Finance issued recently showed that the value of registered construction projects was US$4.6 billion, a year-on-year decrease of 20.6%. Of the total registered construction projects, 2,909 projects or equivalent to...

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Construction Officially Begins on US$19 million Siem Reap Provincial Hospital Building

The construction of a new building in the Siem Reap Provincial Hospital under a JICA grant aid of approximately US$19 million has officially begun. Held on Thursday 23 December, the ground-breaking ceremony was presided over by the Director of Siem Reap Provincial Health Department Dr Kros Sarath and joined by other relevant officers. The building has an area of 7,260 square meters, 4 floors...

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Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date

Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according to the meeting between Vietnamese President Nguy...

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Construction of Longest Bridge of PP-SHV Expressway Completed

The longest bridge of the Phnom Penh-Sihanoukville expressway has completed the installation of all box girders and has been fully connected to the pavement on both sides. According to the official Facebook page of the expressway on 22 December, the bridge is located at the 179-kilometre point of the expressway crossing over the river at Kbal Chhay Waterfall. As of late November, the express...

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Could Chroy Changvar District Become Phnom Penh’s Next CBD?

Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek. Of all Phnom Penh's suburbs, Chroy Changvar is considered the fastest development district in terms of real estate projects, attracting ...

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Expert: Condo Market Recovery Uncertain in 2022, Pending Greater Foreign Investment Inflow

Due to the impact of the COVID-19 pandemic, the condo market in Cambodia has been hit hard for two years in a row, 2020 and 2021. 2021 has been even worse than 202o given lockdowns and the widespread new variants. Cambodian real estate expert and chairman of KW Cambodia Dr Kim Heang has projected that the condo sector market will remain stagnant in 2022 if there is no inflow of foreign buyers d...

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35-Storey GDCE Building Officially Inaugurated 23 December

Prime Minister Samdech Hun Sen on Thursday 23 December officially inaugurated the 35-storey administration building of the General Department of Customs and Excise (GDCE) along with two other buildings— the National Customs School and the Customs Museum. Built on the old site in front of the National Bank of Cambodia on Norodom Blvd, the GDCE administrative building started construction in Febr...

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Tax Exemption for COVID-19 Affected Businesses Extended to June 2022

The Cambodian government has decided to extend tax exemption to the tourism, hospitality, and other COVID-19 affected businesses from March to June 2022. This exemption is to provide additional support to the relevant businesses to improve and be ready to welcome national and international tourists after Cambodia is fully reopened to foreign vaccinated tourists. The information was announced...

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Construction to Begin on New Large-Scale Hospital Complex in Koh Thom in January

Construction on the new Techo Sen Koh Thom Hospital building is set to begin in January 2022, according to the meeting of the construction committee and relevant officers from the Ministry of Public Works and Transport on 21 December. The project includes the construction of three new buildings with a total area of over 12,500sqm. The buildings are interconnected with the central building havin...

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