Cambodia Proposes Establishment of Hungarian Trade Office to Boost Trade Volume from 9.53% Increase Last Year
Cambodia has proposed the establishment of a Hungarian Chamber of Commerce in Cambodia to enhance trade and investment cooperation between the two countries. This initiative comes as the trade volume between Cambodia and Hungary for the first 11 months of 2023 surpassed US$7.7 million, reflecting a 9.53% increase compared to the same period in 2022. […]
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MLMUPC Distributes Over 9,000 Land Titles in Svay Rieng Amid Efforts to Register Nearly 200k Remaining Plots
The Ministry of Land Management, Urban Planning and Construction (MLMUPC), in collaboration with the Svay Rieng Provincial Administration, has distributed 9,349 land titles to residents in seven villages in Romeas Hek district, Svay Rieng province. Despite this progress, nearly 200,000 land plots in the province remain unregistered. This announcement was made during a ceremony attended […]
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Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines
The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak […]
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Gov’t Accelerates Resolution of US$737m in 14 Stalled Projects in Sihanoukville
The Cambodian government is expediting the resolution of 14 stalled projects in Sihanoukville, collectively valued at approximately US$737 million. This initiative aims to boost investment through incentives, concessions, mediation, and dispute resolution efforts. This information was disclosed in a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance […]
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WLCC Explores Investment Opportunities in Cambodia’s Construction & Real Estate Sectors
The World Lin Chamber of Commerce (WLCC) is investigating investment prospects in Cambodia’s priority sectors, particularly construction and real estate. This initiative was discussed during a meeting between Mr Tan Sri Dato Lim Soon Peng, President of the World Lin Chamber of Commerce, and PM Samdech Hun Manet on 28 May 2024. Mr Tan Sri […]
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New Road Connecting Oral Kampong Speu to Koh Kong Port Announced by PM
PM Hun Manet has unveiled plans for a new road connecting Kampong Speu to the Koh Kong port, aimed at harnessing the region’s potential akin to that of Phnom Penh. The announcement was made during the inauguration ceremony of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. The PM highlighted the […]
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Po Leaf Project Inaugurated at Buddhist Cultural Centre with US$5.5 Million Investment
The Buddhist Cultural Centre has officially inaugurated 38 construction projects shaped like po leaves, with a total investment exceeding US$5.5 million. The ceremony, presided over by PM Samdech Hun Manet, took place on 30 May 2024. The key elements of this monumental project include a 9-storey Cholamoni stupa, four large stupas, eight small stupas symbolising […]
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PM Announces Funan Techo Canal Project Set to Launch in August 2024
The Cambodian government has announced the commencement of the US$1.7 billion Funan Techo Canal project in August 2024. The announcement was made by PM Hun Manet during the inauguration of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. “The construction of the Funan Techo canal will begin in August 2024,” stated […]
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People’s Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of […]
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NR No. 31 Rehabilitation Project Nears 90% Completion
As of 29 May 2024, the ambitious project to restore and upgrade NR No. 31, which extends over 53 kilometres, has achieved an impressive 87.19% completion. This major infrastructure initiative is set to be finished more than a year ahead of schedule. This update was confirmed via the official Facebook page of the Ministry of […]
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Cambodia Renames Third Ring Road to “Xi Jinping Boulevard” in Honour of Strengthened Ties with China
In a significant move to honour the enduring partnership between Cambodia and China, the “Third Ring Road” has been officially renamed “Xi Jinping Boulevard”. This key infrastructure, connecting NR No. 1 to NR No. 4 and spanning nearly 53 kilometres, was inaugurated in a ceremony presided over by Samdech Hun Manet and HE Wang Wentian, […]
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Bassac River Bridge Project Surpasses Milestone, Completes 10.50% Ahead of Schedule
The construction of the bridge across the Bassac River, connecting Chak Angre Krom and Prek Pra, has achieved a completion rate of 10.50%, surpassing the planned progress by 1.03%. This update was confirmed by the Ministry of Public Works and Transport on their official Facebook page on 28 May 2024. The completed work includes the […]
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