Local News
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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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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Maruhan Group inks construction deal with Lotte E & C
Japan-based entertainment conglomerate Maruhan Group has signed a contract with Lotte Engineering & Construction Co., Ltd (Lotte E & C) for the construction of Sathapana Bank Plc’s new head office. On 29 August 2018, Maruhan Investment (Cambodia) Co., Ltd, subsidiary of Maruhan Group (owner of Sathapana Bank Plc) signed a contract agreement with Lotte E […]
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Minister Requests Support for Flyover in Stung Bot
Sample photo by Wikimedia Commons In a bid to ease traffic around the Stung Bot border checkpoint, H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT) has asked Japan to support the construction of a flyover at the Stung Bot intersection. Therequest was made during a meeting between H.E. Sun Chanthol […]
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Government Approved Chinese Mega Development Project Along the Riverside
The Council for the Development of Cambodia (CDC) has approved the investment project located along the Tonle Sap River that was requested by Chinese real estate developer, Chean Chhoeng Thai Group, a subsidiary of Yuetai Group.
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