Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
The Phnom Penh real estate market is currently undergoing a necessary correction phase, which is painful yet vital for moving forward to the next cycle. This correction is seen as a necessary step to stabilize the market and prepare it for future growth, according to Ms. Kim KinKesa, Managing Director of CBRE Cambodia in a […]
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Thailand Accelerates Completion of 873km High-Speed Rail Project Linking Bangkok to China’s Kunming
Thailand is fast-tracking the development of an 873-kilometre high-speed rail project that will connect Bangkok with the Lao-China railway, significantly easing the transport of people and goods from Bangkok to Kunming, the capital of China’s Yunnan Province. The project, estimated to be worth between US$5 billion and US$9.9 billion, is expected to be completed in […]
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic […]
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Vietnam Seeks China’s Expertise for High-Speed Rail & 1,500 km North-South Railway Project
Vietnam is seeking China’s support for the development of its high-speed rail network, including the China-Vietnam cross-border railway project, to enhance trade between the two countries. On 25 June 2024, VnExpress reported that Vietnamese Prime Minister Pham Minh Chinh conveyed this request to Lou Qiliang, Chairman of China Railway Signal Information, during the World Economic […]
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was […]
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Gov’t Introduces Fees for First Systematic Land Registration
The Cambodian Government has mandated the Ministry of Land Management, Urban Planning, and Construction to manage the revenue collection for the first systematic cadastral registration fee, aiming to accelerate land registration completion within two to four years. This directive is outlined in Sub-Decree No. 158, dated 15 July 2024. This sub-decree empowers the ministry to […]
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of […]
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Key Insights for Buying a Shophouse in Borey Peng Huoth The Star Diamond Project
The Borey Peng Huoth The Star Dimond project is strategically located on Samdech Techo Hun Sen Road, near the Techo Heritage Bridge, set for completion in 2025. Positioned between the Moradok Techo flyover and the Bassac River Bridge, this location offers seamless access to the Chbar Ampov Chak Angre area and the city centre. Given […]
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Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan […]
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press […]
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Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
Cambodia imported construction materials worth a total of US$753 million in the first six months of 2024, marking an 18 percent increase from the previous year, according to a report by the Ministry of Commerce. Cement imports were valued at nearly US$10 million, showing a 9% decrease, while iron and steel imports soared to US$384 […]
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PM Urges Streamlined Airport Procedures to Boost Tourism
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement […]
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