Cambodian and French Firms Team Up for Home Furniture Market
Photo by Facebook Page Men Sam An Cambodia Deputy Prime Minister Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release. On 03 April 2019, both companies signed a memorandum of understanding as a trading partner at Raffles Hotel Le Royal Phnom Penh. Speaking...
Read MoreChroy Changva Bridge Reopens After $33m of Japanese-funded Renovations
Photo by Facebook Page Samdech Hun Sen After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva has been officially opened by Prime Minister Samdech Hun Sen and Japanese Ambassador to Cambodia H.E Hidehisa Horinouchi who jointly presided over the ribbon-cutting ceremony. The Cambodia-Japan Friendship Bridge has been renovated using around US$33 million in funds fr...
Read MoreASA joins forces with NEO to elevate Architect’19 as ASEAN’s Leading Expo, attracting over 850 Thai and international enterprises from 40 countries
The Association of Siamese Architects under the Royal Patronage (ASA) and N.C.C. Exhibition Organizer Co., Ltd. (NEO) have announced their readiness in elevating Architect’19 to emerge as the leading exposition in ASEAN. This year, entrepreneurs from over 850 companies from 40 countries worldwide are showcasing over a thousand of their brands’ products, services and technology in architecture and ...
Read MoreInvestment in Resort Properties in Sihanoukville
In today’s condominium market, buyer focus on location, price and product quality. The ongoing growth of tourism to Sihanoukville has driven a demand for changes in the condominium market, from holiday homes to income-producing properties over a period of time. Until now, the majority of buyers for most developments including villas and condominiums were foreigners, particular mainland Chinese,...
Read MoreGovernment Plans New Road Connecting Kampot to National Road No.4
The government is planning to build a new road connecting Kampot to National Road 4, said Prime Minister Samdech Techo Hun Sen. Speaking about the potential and progress of Kampot province at the inauguration ceremony of Kampot's new water supply system on 2 April 2019 Samdech Techo Hun Sen said “besides National Road No.3, we have National Road No. 41 connected into [Kampot], and we are prepar...
Read MoreNewly Inaugurated Water Supply System Uses New Construction Technology From Japan
Photo by Facebook Page Samdach Hun Sen The new high-tech water supply system built by Japan in Kampot province has been officially opened. The new facility was officially opened and presided over by Prime Minister Samdech Techo Hun Sen on 2 April 2019 following two years of construction that began in July 2016. Speaking at the inauguration, Japanese Ambassador to Cambodia H.E Hidehisa Hor...
Read MoreAmber Kampot Resort to Capitalise on Luxury Accommodation and Western Guests
International hospitality development firm Amber International Holdings has recently launched a high-end resort in Kampot aiming to capitalise on luxury accommodation and Western guests. With an investment capital of around US$10 million, the ‘Amber Kampot Boutique Luxury Resort’ will stretch over a 1.7-hectare site overlooking the Kampot River and will comprise of a range of 35 units each with...
Read MoreGovernment Permits Royal Group to Operate Southern Rail Line
The government, through the Ministry of Public Works and Transport (MPWT) has permitted Royal Railway to continue operating the country’s southern rail line, according to a ministry announcement on 31 March 2019. According to the announcement, the decision to allow Royal Railway to continue operating the line from Phnom Penh to Sihanoukville is because “the Ministry needs enough time to careful...
Read MoreOCIC Begins Construction of Modern International Convention Centre
Cambodia’s leading developer, Overseas Cambodian Investment Corporation (OCIC), began construction of its ‘Chroy Changva International Convention Centre’ on 31 March 2019. According to the project report obtained by Construction & Property Magazine, the ‘Chroy Changva International Convention Centre’ will be constructed on a total land area of 26,774.38 square metres or equal to a total are...
Read MoreCambodia Requests Korea to Build Another Bridge in Phnom Penh
Sample photo by McElhanney The government has requested South Korea to help construct a new bridge in Phnom Penh, according to the transport minister. Speaking to reporters on 31 March 2019, H.E Sun Chanthol, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) said that “he [Prime Minister] has also requested Korea to help construct a bridge in Phnom Penh becaus...
Read MoreJapan to Fund Housing Loans in Myanmar
Credit to shutterstock.com The Japanese government has been in talks with the government of Myanmar to provide to housing loans at a low rate of interest to allow property to be purchased by low-income buyers, according to Eleven Myanmar. “Although the government already sold the apartments to people who made full payment at the time of purchase, it is under negotiation with the Japanese gov...
Read MoreLand Investment Alert in Cambodia
Since Cambodia has enjoyed stability, the country has gained a large volume of foreign direct investments, one area of which is land investment. Recently, the numbers of condominium buildings are increasing in the cities of Phnom Penh, Sihanoukville, Siem Reap etc. The most predominant location is in the capital city Phnom Penh where the majority of businesses and head offices are located. Our ...
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