Developments with Easy Access More Alluring to Investors
By Eric Wong Chon Lap Cambodians are demanding more and better homes. As a result, urban developments such as units, semi-detached houses, townhouses and shophouses within the Phnom Penh vicinity are becoming an appealing investment option. Units, semi-detached houses, townhouses and shophouses in Phnom Penh's primary market have seen prices go up. This upward trend has not changed in the pa...
Read MoreUS Firms Mull Exporting Infrastructure Components to Cambodia
Large US firms are considering exporting components and equipment used for infrastructure development to Cambodia, according to a meeting between those firms and the Ministry of Mines and Energy last week. Those US large firms include Chevron, ConocoPhillips, Amazon, Bell Texton, Ford, and Visa. During the meeting, the firms are also planning to invest in oil, gas, and renewable energy in Ca...
Read MoreAustralia Gifts eWater Source Modelling Platform to Cambodia
The Australian Government has officially gifted to Cambodia access to Australia’s national water modelling platform or eWater Source to help strengthen Cambodia’s irrigation infrastructure and management. The official giving ceremony was presided over by Minister of Water Resources and Meteorology HE Lim Kean Hor and Australian Ambassador to Cambodia HE Pablo Kang. eWater Source, Australia’s...
Read MoreNew US$3-million Olympic Stadium Swimming Pool to Officially Opened
The new US$3-million international-standard swimming pool of the National Olympic Stadium will be officially opened on 28 September, after construction was completed in April. The opening ceremony was presided over by Deputy Prime Minister Samdech Tea Banh and joined by representatives of the Ministry of Education, Youth and Sports, and the National Olympic Committee of Cambodia. The swimmin...
Read MoreLand Encroachers Ordered to Demolish Properties Immediately for SR Road Renovation
The Siem Reap Provincial Administration has called for the demolition of any illegally-built properties that affect the renovation of 38 roads within 10 days starting from 23 September onward. According to the announcement on 23 September, the illegally-built properties includes those located on public roads, walkways, canals, and other state lands, especially the locations needed for the renov...
Read MoreGovernment Extends Property Tax Payment Deadline to 31 October
The Cambodian government has decided to extend the property tax payment deadline to 31 October 2020, according to an official notice from the General Department of Taxation (GDT)’s on 25 September. The deadline was originally set for 30 September. However, since many property owners have yet to pay their tax, the GDT decided to extend the deadline to October. The notice also stated that thos...
Read MoreJapanese Firm to Light Up 34 Sihanoukville Roads with 5,300 Smart Lights
Sihanouk Governor HE Kouch Chamroeun has allowed Minebea (Cambodia) to install 5,300 smart lights on 34 roads in Sihanoukville, according to the Sihanouk Provincial Administration on 25 September. Vice President of Minebea Mr Kei Nishihara said that the lights are 58-watt smart LEDs, which can save up to 60% of electricity and yet provide adequate lighting on the road. Governor Chamroeun, in...
Read MoreRMA Launches Mahindra RoadMaster G90 and JCB 3DX with Special Discounts
RMA Cambodia has launched the Mahindra RoadMaster G90 and the JCB 3DX, affordable yet effective machinery that can help raise standards of infrastructure construction in Cambodia to another level. Held on 23 September at Himawari Hotel, the launch event was presided over by RMA Cambodia CEO Ngorn Saing and was joined by Mahindra Export Manager Rangrez Suhel, Charge d'Affaires of Embassy of Indi...
Read MoreADB Revises 2020 Cambodia Growth Forecast Upward, Construction Sector Still at Risk
The Asian Development Bank (ADB) recently re-forecast Cambodia’s economic growth to rebound to 5.9% by 2021, yet the construction and garment sectors remain at risk. The Asian Development Outlook (ADO) 2020 Update also projected that due to the COVID-19 pandemic, Cambodian GDP would drop by 4% in 2020, which is better compared to the previous forecast in June, estimated at 5.5%. This economi...
Read MoreTelegram Group to Promote CCA Members’ Business Profiles
The Cambodia Constructors Association (CCA) is launching a new Telegram group to raise the business profiles of its members amid the pandemic. CCA Secretariat General Manager Mr Chhiv Sivpheng said that during the COVID-19 pandemic, the association is trying its best to help its members by creating a Telegram group. “The member can submit the company’s material such as videos, posters, and a...
Read MoreThailand Leads ASEAN Smart Cities Initiative
At the ASEAN 2019 Summit prior to the emergence of the COVID-19 pandemic, member nations discussed harnessing technology to achieve sustainable security and development and boost connectivity and cooperation. At the summit, Thailand presented the Eastern Economic Corridor (EEC) initiative with its 4.0 economic blueprint aiming to convert three provinces into smart cities and ultimately develop ...
Read MoreIndonesia’s New Capital On Hold Due To COVID-19 Impact
Photo by: Get About Asia Indonesia’s multi-billion dollar plan to develop a new capital city on the island of Borneo have been formally put on hold as a result of the economic impact of COVID-19. Indonesia’s Minister for National Development Planning, Suharso Monoarfa, told Reuters on 19 August that “We putting as our number one priority the recovery of the economy and overcoming the pandemi...
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