Cambodia Unveils Ambitious US$5bn Plan for Maritime Infrastructure to Serve 1.2m Passengers and 41m tons of Cargo by 2030
In a strategic move to bolster Cambodia’s water transport capabilities and fortify its logistics system, the Royal Government has proposed a comprehensive master plan comprising 20 maritime projects. With a total investment requirement of US$5.461 billion, these initiatives aim to support the country’s transformation into a high-middle-income nation by 2030. The ambitious plan, disclosed in […]
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Borey Peng Huoth Unveils Upcoming Project, Invites Visitors to Explore Nearly Ten New Model Houses!
Mark your calendars for 23-24 March 2024, as Borey Peng Huoth prepares to launch its highly anticipated new project, offering unparalleled investment opportunities and stunning home designs for savvy investors. The unveiling of The Star Platinum Eco Poly marks a significant milestone for Borey Peng Huoth, presenting an exquisite collection of residences within the prestigious […]
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PM Issues Directive on Dormant Tourism Projects to be Revoked Licenses If Remain Inactive for 6 Months
Prime Minister Hun Manet made a significant announcement regarding the status of small-scale tourism projects in Cambodia by emphasising the necessity of reviewing and potentially revoking licenses for projects that have remained inactive for six months after obtaining approval. This directive was announced during a recent plenary session of the Council of Ministers on 15 […]
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Dauntri Dam in Battambang Province Reaches 81% Completion, to be completed by October Next Year
Construction of the Dauntri Dam in Battambang province, funded by South Korea, has reached an impressive 81% completion and is on track to be operational by 2025, as announced by the Ministry of Water Resources and Meteorology (MWRM). The latest progress update was revealed during a site visit led by HE Chuon Beth Thul, the […]
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
Chinese investment in Southeast Asia has surged to nearly US$20 billion, marking a substantial 37% increase from the previous year, according to a report jointly conducted by Griffith University and Fudan University. Published by Thailand-business-news on 11 March 2024, the report underscores the resilience and strategic growth of Chinese investment in the region, particularly in […]
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NRPC Issues Warning Against Purchasing Plots in Four Unlicensed Projects
The National Real Estate and Mortgage Regulator (NRPC) has issued a cautionary notice advising residents to exercise caution when engaging in the sale, purchase, or lease of land in four unlicensed projects located in Prey Veng and Kandal provinces. The announcement was made by the regulator on 11 March 2024. The unlicensed land development projects, […]
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Thailand’s Paper Tree Eyes Expansion in Cambodia’s Horticultural Industry for Export
Paper Tree (Cambodia) Co., Ltd, a Thai company, has revealed its plans to register as a qualified investor in Cambodia’s tree industry, focusing on horticultural production for export. This announcement came during a meeting between Mr Yuenyong Subsaud, Director of Paper Tree (Cambodia) Co., Ltd, and HE Nuth Un Vanra, Deputy Secretary-General of Cambodia’s Investment […]
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Bentley Systems Issues Call for Nominations for the 2024 Going Digital Awards in Infrastructure
Winners to be Selected and Announced at The Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, Pa. – March 14, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced its call for nominations for the 2024 Going Digital Awards in Infrastructure. The awards, which are judged by […]
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Vietnam Spends US$63m to Build 5,000 New BTS Stations, Ranking 5th in APEC
Viettel Construction Joint Stock Corporation has embarked on a substantial investment project, committing 1,460.4 billion VND (approximately US$63.5 million) to construct 5,000 Base Transceiver Stations (BTS) for lease in 2024. This expansive project will span all 63 provinces and cities in Vietnam, aiming to bolster Viettel Construction’s BTS station count to a total of 9,975 […]
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Rehabilitation of Main Canal 96 Reaches 35% Completion
The project rehabilitating the main Canal No. 96, a vital component of the effort to manage water flow and divert rainwater away from Phnom Penh, has achieved approximately 35% completion, as reported by the Ministry of Water Resources and Meteorology (MoWRM) on 13 March 2024. According to the ministry, HE Tho Chetha, Minister of Water […]
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Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years
Global real estate network IQI has forged a Memorandum of Understanding (MoU) to establish an advanced technology manufacturing park in Cambodia. The initial phase of the high-tech park, known as the Cambodia Malaysia China High-Tech Park, boasts a gross development value of US$300 million and spans an area of up to 100 hectares, with potential […]
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NR 33 Rehabilitation Project Exceeds Expectations, Progress at 55% Faster Rate
The rehabilitation and enhancement project of NR 33 has surpassed expectations, achieving over 55% completion as of 15 March 2024, which is 17% faster than initially planned. This notable progress was confirmed during a meeting chaired by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport and Project Director. Also […]
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