Facebook to Build Us$1.4 Billion Data Centre in Singapore
Photo by Facebook According to a report by Channel NewsAsia (CNA), social media company Facebook is to construct an 11-storey data centre in Singapore with a capital investment of US$1.4 billion. Located at Tanjong Kling, the data centre will feature a total area of 170,000 square metres and create hundreds of construction and many other […]
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Cambodian Government to Construct Another Multi-million Stadium
In a bid to promote the sports sector, the Cambodian government has announced plans to build another multi-million dollar sports stadium located Serey Sophorn City, Banteay Meanchey Province, according to government news agency Agence Kampuchea Presse (AKP). During the first phase of construction, the complex will cover 5.5 hectares of land while the next phase […]
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Real Estate Agent UAS Sees Bright Future for Retail Malls
The rapid growth of Cambodia’s retail sector in recent years, thanks largely to the emergence of a middle class now numbering two million, have together been catalysts for the significant rise in retail mall tenancies,
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World Bank to Grant US$50m for Development Projects in Cambodia
Senior Cambodian government officials have confirmed that the World Bank plans to grant US$50 million to Cambodia for development projects of which US$20 million is for a water and drainage system project in Siem Reap Province.
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After Deadly Quake, Indonesians Urge Return to Traditional Building Methods
Photo by nl.wikipedia.org After the collapse of modern concrete buildings was responsible for a high death toll and homelessnessfollowing the deadly earthquakes in Indonesia, many have called for a return to traditional construction methods using natural materials. The Associated Press reported that 436 people died as a result of the 5 August earthquake on the […]
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China to Inject Us$1.2billion on Tourism Project in Koh Kong
China Union Development Group Co., Ltd has revealed plans to invest billionsof dollars on the construction of a “Tourism City” located in the coastal city Koh Kong Province.
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Cambodia Receives Significant Investment on Furniture and Construction Materials
While construction sectors continues to boom in Cambodia, investment in furniture and other construction materials are also increasing.
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Cambodia Needs Over 100,000 Hotel Rooms by 2030
Minister of Tourism H.E Thong Khon, has forecast that Cambodia will need more than 100,000 hotel rooms to accommodate the increasing number of national and international tourists which is expected to total to around 28 million by 2030.
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Savills’s Forum Showcases Investment Opportunities in Hotel and Hospitality Industry
On 29 August, 2018, Savills Hotel APAC organised a panel discussion where experts presented key trends in the hotel and hospitality industry as well as investment opportunities in Cambodia.
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Chip Mong Breaks Ground on 271 Mega Mall
Chip Mong Retail, a subsidiary of Cambodian conglomerate Chip Mong Group, held a groundbreaking ceremony on 30 August for its first-ever world-class shopping center Chip Mong 271 Mega Mall located along Yothapol Khemarak Phoumin Blvd (271). The 271 Mega Mall covers a total area of 160,000 square meters (about 16 hectares) offering a mix of […]
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Malaysian PM Pulls the Country Back From Infrastructure Plans With China
Photo by World Economic Forum Malaysian Prime Minister Mahathir Mohamad continues to indicate his plans to abandon the multi-billion dollar Chinese-sponsored infrastructure program agreed to by previous PM Najib Razak. PM Mahathir has already suspended almost US$25 billion of Chinese projects including the $20 billion East Coast Rail Link and two huge petroleum pipeline projects. […]
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Eurocham’s Breakfast Talk Marks a Milestone on Energy Outlook
The European Chamber of Commerce in Cambodia (EuroCham Cambodia) organised a Breakfast Talk regarding “Bloomberg’s 2018 New Energy Outlook” on 30 August 2018,
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