Thailand’s Tesco Lotus Supermarket Mulls Entering Cambodia Market
Thailand's Tesco Lotus has expressed interest in opening its first store in Cambodia, while the company is currently looking for a plot of land in Phnom Penh to build the mall, according to the Cambodian Business Council in Thailand. The plan to enter Cambodia is after seeing the success of other Thai retails in Cambodia, such as Makro, Big C, and 7-Eleven. Tesco Lotus is owned by CP Group, ...
Read MoreShopping Centres & Retailers Stay Active Despite Tough Year
By Eric Wong Chon Lap Retail businesses continue to be stressed and are finding it difficult to sustain with the weakening of spending power. It is estimated this current outbreak will have a significant impact on the retail market in the following quarters. As the number of daily COVID-19 cases in Cambodia increased to close to a thousand new cases per day, shopping centres implemented more...
Read MoreUnderstanding Rules & Regulations on Construction Zone to Land Size Ratio
Many landowners often think that they build any constructions covering all the space of their land as long as they are still within their borders. However, it is illegal by law. All constructions that require a construction permit must be built with spare land space between the construction and the land border to a specific distance depending on the type of the constructions, particularly those...
Read MoreNew US$5-million Garment Factory Approved for Kean Svay District
The Council for the Development of Cambodia (CDC) has approved a new US$5 million investment project located in Kean Svay district in Kandal province. The firm receiving the permit is Flourish Garment (Cambodia) Co., Ltd, which will build a garment factory that would help generate 1,414 jobs for the locals. According to a CDC report, in the first half of 2021, the CDC has approved 87 new inv...
Read MoreNew US$1.3-million Water Treatment Plant Set for Kampot Province
The Kampot Provincial Administration has allowed a private firm Sinhour Long Water Industry (Cambodia) Co.Ltd, to invest US$1.3 million to build a new water treatment plant in downtown Kampot. According to Kampot Governor HE Cheav Tay in the meeting with relevant parties on Thursday 9 September, the water treatment plant will be built in O Touch village, Sangkat Andoung Khmer in Kampot city. ...
Read MoreMPWT Institute Joins Hand with RMA Group Strengthening Technical Skills for Students
TECHO SEN Institute of Public Works and Transport has signed an MoU with RMA Cambodia Plc, a company specialising in automotive, construction technic, and heavy engineering equipment, to strengthen the technical skills of students in the institute. Through this MoU, the two parties will jointly establish training programs and exchange the usages of equipment, construction materials, and resourc...
Read MoreNo New Loan Agreements Signed in H1 2021 as Most Development Projects Delayed
In the first half of 2021, the Cambodian government has not signed any new concessional loan agreements as new development projects are under study and preparation phase and are delayed due to the Covid-19 pandemic. According to a report from the Ministry of Economy and Finance, accumulatively, from 1993 to June 30, the government has signed concessional loan agreements with development partner...
Read MoreNA Approves New Investment Draft law and Two Others to Boost Trade & Economic Growth
The National Assembly (NA) has approved three draft laws focusing on boosting economic growth and trade in both national and international frameworks. The approvals were passed during a plenary meeting held on 9 September, chaired by NA President Samdech Heng Samrin. The three draft laws include the new Investment Law, the Law on Regional Cooperation Economic Partnership Agreement, and the L...
Read MoreCambodia Requests World Bank to Initiate Siem Reap Electric Vehicle Project
The Minister of Public Works and Transport HE Sun Chanthol has requested the World Bank (WB) to help encourage the usage of electric vehicles in Siem Reap, while also asking this international body to implement three other projects to help enhance the transport infrastructure system in Cambodia. This proposal was made during a meeting between HE Sun Chanthol and Ms Maryam Salim, the new World B...
Read MoreFirst Large-Scale Home Living Retail Outlet ‘Design Village’ Opens in Phnom Penh
Design Village, a joint venture by leading companies – SCG and Boonthavorn - located on St. 1003 in Sen Sok district, celebrated its soft opening on Thursday 9 September 2021. Design Village becomes Cambodia’s first most complete home & living retail destination offering home-related interior, decorative, and exterior solutions. The first of its kind home-living retail outlet originates fro...
Read MoreGolden Park Launches New Sales Office Along NR6 in Chroy Changvar Area
Advertorial Borey Golden Park officially opened a new sales office today in the Chroy Changvar area for the ease customers to visit the actual site of The Natural project. The new sales office is located along NR6 just 3 minutes from Ly Yong Phat Road and 12 minutes from the Chroy Changvar Bridge. To celebrate the new sales office, Borey Golden Park is also offering special house pric...
Read MoreCity Hall to Remove Messy Cables Along Two Main Streets in Phnom Penh
Phnom Penh Municipality has ordered relevant authorities to remove all messy hanging cables along two major streets in Phnom Penh to improve the city beauty. According to the announcement dated 6 September 2021, the two streets are Preah Ang Yukunthor street (Street 19) linking Street 108 and Street 98 and Santhomok street (Street 89) linking Street 19 and Preah Sisowath Blvd. The Phnom Penh...
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