Koh Tonsay Tourism Port Reaches 90% Completion, Marking Milestone for Kep Province
A significant milestone has been achieved in Kep province as the construction of the tourist port on Koh Tonsay nears completion, reaching an impressive 90% as of 19 March 2024. This progress was confirmed during an inspection conducted by HE Dr. Som Piseth, Governor of Kep Province, and the accompanying working group, underscoring the province’s […]
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China’s Minister of Housing: No Bailouts for Struggling Developers, Some Property Developers Can Go Bankrupt If Necessary
In a pivotal move to address the enduring crisis in China’s real estate sector, the government has unequivocally rejected the rescue of financially beleaguered property developers, emphasising the adherence to market laws and principles. The announcement, reported by NBC New York on 11 March 2024, underscores China’s commitment to rectifying the real estate market’s dysfunction […]
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MoE’s Swift Action: 3,942 Hectares Seized in Pursat Crackdown
In a decisive move to combat natural resource crimes, the Ministry of Environment (MOE) led a five-day operation resulting in the confiscation of 3,942.73 hectares of land in Pursat province. The crackdown, conducted from 13 to 17 March 2024, marks a significant stride in curbing illicit activities impacting the region’s environmental integrity, as reported by […]
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SSCA Urges Collaborative Efforts in Issuing Building Permits Near Techo International Airport
The Secretariat of State for Civil Aviation (SSCA) has called for enhanced cooperation among relevant authorities before granting building permits in the vicinity of the Techo International Airport, underscoring the importance of adherence to aviation safety standards. HE Dr Mao Havannall, Minister in Charge of the Secretariat of Civil Aviation, emphasised the necessity for close […]
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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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