SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh

SCG Group’s Design Village to Open First Home-living Retail Outlet in Phnom Penh Renowned Thai firm SCG-Boonthavorn has recently announced the launch of new home-living retail outlet ‘Design Village’ in Sen Sok district, which will the first of its kind in Cambodia after the official opening in Q2 this year. Design Village is Thailand’s most complete home & living one-stop-shop, offering...

Read More

Construction of 34 roads in Sihanoukville Completed by March

The construction of 34 roads in Sihanoukville will be completed by 15 March and scheduled to officially open for traffic during the upcoming Khmer New Year, according to Sihanoukville Governor HE Kouch Chamroeun. During a site inspection, HE Kouch Chamroeun urged each company to accelerate their working pace to ensure that the remaining tasks will be completed by the end of March, ahead of Khme...

Read More

Renovation of 146B Road in Stung Hav District 10% Complete

To date, the renovation of 146B road which was damaged by landslides in August, is now 10% completed and scheduled for completion by August 2022, according to the progress update meeting on 2 February. According to the report from the construction company, the construction of Road 146B and Street 148, has started since 17 April 2020. However, the process seems slow due to the impact on the comm...

Read More

Gov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom

The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals who have no decent housing. Meanwhile, the land ...

Read More

CCA to Host Business Network Event and Board Member Election in March After Delay

The Cambodia Constructors Association (CCA) has decided to host its business network event and the 4th Board Member Election on 05 March 2021, after being delayed from December last year due to the COVID-19 pandemic. Scheduled to be held at the Dara Airport Hotel, the event will be joined by CCA members, construction companies, and other key players within the industry, where they can share ide...

Read More

Construction of Koh Tonsay Tourism Port 55% complete

Construction of Koh Tonsay Tourism Port is now 55% complete and is scheduled to finish by August after delays due to the COVID-19 pandemic and technical issues. Kep Provincial Department of Public Works and Transport Director Mam Touch said during a press conference on 02 February that the port will have total area 3,400 square metres with depths varying from 3 to 4.70 metres. “This port wil...

Read More

Kampot and Kep to Attract More Development with Forthcoming Investment Guidebook

Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential information before they decide to invest. “Cur...

Read More

Asian Investors Looking West for Positive Investment Trends

Most Common Reasons International Investors Buy a Home in the U.S. In recent years, while booming economies have created significant wealth across much of Asia, investors from this vibrant region are increasingly looking to the United States as a safe haven for wealth preservation. Steven Kay, Founder and Co-CEO at Golden Gate Global, notes that the most common reasons international buyers p...

Read More

CDC Approves Two Investment Projects Worth Over US$500 Million

The Council for the Development of Cambodia has officially approved private firms to invest in building two factories worth over US$500 million in Kampot and Kampong Kampong Chhnang provinces. The first investment permit has been granted to Shunying Pulp and Paper Co Ltd, with the firm investing US$504 million to build a paper processing factory in Changhaon Village, Tuek Chhou District of Kamp...

Read More

PM Hun Sen: Cambodia Oil Extraction Going Smoothly, Yet to Contribute to the Economy

After a month of production, the Apsara oil station continues to operate smoothly, but the revenue earned from oil is not yet large enough to contribute to the economic recovery, according to PM Samdech Hun Sen on 01 February. (Read more) Samdech Hun Sen said that Cambodia has been producing oil for 33 days since 29 December, extracting about 40,788 barrels in total or about 1,236 barrels per d...

Read More

Gov’t to Request World Heritage Site Status for Tbaeng Mountain in Preah Vihear Province

The inter-ministerial body will soon propose to UNESCO to designate Tbaeng Mountain in Preah Vihear province as a World Heritage Site, according to Ministry of Environment spokesman Neth Pheaktra during an inspection on 29-31 January 29. Mr Pheaktra said that after a detailed study, the Tbaeng Mountain historical site was selected among three other sites, including Prek Kampi, Prek Prasop and T...

Read More

Domestic Development Projects Not Solely Dependent on Foreign Debt, says PM Hun Sen

Cambodia Prime Minister Samdech Hun Sen has clarified that the government always contributes to the budget for domestic development projects and does not solely depend on foreign financial aid. During the Bakeng water treatment plant ground-breaking ceremony on 01 February, PM Hun Sen said that the government always saves up and contributes to necessary development projects. “Every project r...

Read More