PropertyGuru Asia Real Estate Summit Announces its ‘Data Revolution’ & Speaker Line-Up for 2021 Virtual Edition
Global experts will deliver insights and practical studies on PropTech, smart cities, and sustainable development • Now marking its seventh year, the virtual summit will open on 8 December 2021 during ‘PropertyGuru Week’ until 8 January 2022 • This year’s agenda will focus on the importance of data science and innovation in real estate, as well as the economic recovery and reinvention of marke...
Read MoreSiem Reap 38-Road Construction 84% Complete, 2% Faster Than Schedule
The 38-road construction in Siem Reap city is now 84% complete, which is about 2% ahead of schedule. The project is expected to be completed by year-end along with the NR6 renovation, a separate project funded by ADB. This is according to a site inspection on 25 October led by Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol also urged construction contractors to add m...
Read MoreChina to Expand Property Tax Trail to Check Speculation
The Chinese government has decided to expand the property tax trail, which is a part of reforms in the sector aimed to promote "rational housing consumption". China's top legislature, the National People's Congress Standing Committee, on Saturday approved the latest plan, according to Xinhua. The announcement comes with President Xi Jinping pushing for more "common prosperity" in China aimed...
Read MoreWhy Is Toul Kork District First Choice for Residential Living?
Toul Kork is one of Phnom Penh's districts known as the most popular area for residence after Boeung Keng Kang and Chamkarmon district. Among the 10 communes of the district, two main communes, Boeung Kak I and Boeung Kak II, are most popular for residence with good infrastructures, especially the 3 main business roads: St. 289, 315, and 337. Commenting on Toul Kork district, Seak Neardey, H...
Read MoreCambodia Gov’t Mulls Issuing Bonds Worth Over US$300 million in 2022
The Cambodian government plans to issue its first sovereign bonds worth US$300 million worth next year to raise more funds for public investment projects to boost economic growth and productivity. The Ministry of Economy and Finance (MEF) unveiled this plan in the executive summary of the Draft Law on Finance for 2022, which was approved in the cabinet meeting held on Friday 22 October chaired ...
Read MoreNew Villa Type and Sales Open House: Chankiri Palm Creek Marches Towards A Better Way of Living
Award-winning real estate developer Urbanland held a groundbreaking ceremony to officially launch the new phase development of Chankiri Palm Creek, followed by an Open House launching event on Saturday 23 October. Designed to put people’s needs first and reflect buyers’ aspirations for a better future, the new development brings to life Urbanland’s people-centered design philosophy. With a s...
Read MoreRussey Keo-Chroy Changva Concrete Bridge 60% Complete
Construction of the concrete bridge across the Tonle Sap River from National Road 5 in Khan Russey Keo to National Road 6 in Khan Chroy Changvar was 60% complete as of 23 October 2021, according to the Department of Public Works and Transport of Phnom Penh. This concrete bridge is being built parallel with the temporary iron bridge. After the completion of this concrete bridge, which is schedul...
Read MoreOver 700kg of Gold Ore Refined in Three Months
Renaissance Minerals has refined over 700kg of gold ore in three months of the refinery production process in northeastern Cambodia’s Mondulkiri province, while over 500kg has already been exported to Australia for purification. Speaking at the cabinet meeting held last Friday, Samdech Techo Hun Sen, Prime Minister of Cambodia, said, “In the three-month period, Cambodia has produced more than 7...
Read MoreCambodia Needs 1.6 billion SDR to Develop Six Prioritised Sectors in 2022
The Cambodian government would need a total of 1.6 billion SDR (international reserve assets) to develop six prioritised sectors or equivalent to 35 public investment projects in 2022, according to the new Draft Law on Financial Management. The SDR will be allocated to sectors such as energy (8 projects), irrigation (5 projects), physical infrastructure (7 projects), health (3 projects), educat...
Read More‘Clean Energy Week’ to Bring Inclusive Development of Green energy for Cambodia
Clean Energy Week, Cambodia’s biggest convention on clean energy, has already begun, hoping to bring Cambodia a more advanced and inclusive development plan in green energy. Held between 21-28 October online, the virtual event organised by EngeryLab Cambodia shares how clean energy can bring much needed green investment and jobs, while supporting energy security, improving energy independence a...
Read MoreVarious Investment Projects Worth US$95 million Approved for Four Provinces
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest a total of US$94.9 million in establishing seven factories in Phnom Penh, Kampong Speu, Sihanoukville, and Svay Rieng. The first investment permit has been granted to TREND APPAREL CO., LTD to invest US$2 million to build a garment factory in Trapeang Mean village, Sangkat Krang Thnong, Khan ...
Read MorePM Hun Sen to Begin Chairing National events Marking Cambodia’s Resilience to COVID-19
Cambodian Prime Minister Samdech Hun Sen has announced that he will start to preside over inauguration or groundbreaking ceremonies of infrastructure projects from now on after the number of COVID-19 cases have dropped significantly in the past months. This also marks the new normal of Cambodia being resilient to the COVID-19 pandemic, said PM Hun Sen by stating that the first event will be the...
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