Construction Focus
Cambodia’s Business Landscape Faces Dual Trends: Drop in New Registrations 17%, Surge in Eliminations 32%
Cambodia’s entrepreneurial environment is undergoing a marked shift, with the Ministry of Commerce reporting 9,530 new company registrations in 11 months of 2024. This figure represents a decline of 17.17% compared to the same period last year, highlighting growing challenges in the business sector. Concurrently, company eliminations surged by 32.78%, totalling 1,284 businesses removed from […]
Read More
Shangri-La Phnom Penh Sets a New Benchmark in Luxury with $580 Million Investment
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its $580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivalled comfort and sophistication. The hotel held its temporary inauguration on 15 December […]
Read More
SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations
In a major stride towards improving public safety, Preah Sihanouk Province has successfully installed 433 new security cameras across key strategic locations. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by His Excellency Mang Sineth, Governor of Preah Sihanouk Province, with over 60 journalists in […]
Read More
Southeast Asia’s Largest Solar Projects Lead Global Renewable Energy Growth
Southeast Asia continues to lead the renewable energy charge with landmark solar projects across Vietnam, Indonesia, and Thailand, showcasing the region’s commitment to sustainable development. With ASEAN member states targeting 35% renewable energy capacity by 2025, the region currently boasts 28 GW of utility-scale solar and wind power, contributing 9% to its total electricity capacity, […]
Read More
Funan Techo Canal Completes 142 demarcation points, Sets Stage for Transformative Infrastructure Shortly
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometres of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone […]
Read More
IFC to Invest Over $37 Billion in Cambodia’s Infrastructure and Logistics by 2033
The International Finance Corporation (IFC) has announced its readiness to explore investments exceeding $37 billion in Cambodia’s infrastructure and logistics sectors. This ambitious initiative was unveiled during a recent high-level meeting between HE Sun Chanthol, Cambodia’s Deputy PM and First Vice President of the CDC, and Mr Riccardo Puliti, Vice President of the IFC and […]
Read More
France’s USD 192.2 Million Boost for Cambodia’s Water Infrastructure Sets a New Benchmark
The French government has pledged a remarkable USD 192.2 million to transform Cambodia’s water infrastructure, focusing on two major projects: the rehabilitation of the Stung Svay Chek reservoir and the third phase of the Bak Kheng water treatment plant. This monumental agreement was formalised on 18 December 2024 by Cambodia’s Minister of Economy and Finance, […]
Read More
Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment aimed at serving over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister […]
Read More
Cambodian Gov’t Revives 40 Stalled Buildings in Sihanoukville, 7 Buildings Already Completed
In a significant step towards revitalising Sihanoukville’s economy, the Cambodian government has successfully initiated the reconstruction of 40 out of 101 stalled buildings in the province. This announcement was made recently by Mr Mang Sinet, Governor of the Sihanoukville Provincial Government. The governor attributed this progress to the Sihanoukville Investment Promotion Policy 2024, which offers […]
Read More
Japan Commits USD 900K to Restore Bayon Temple, Enhancing Cambodia’s Cultural Legacy
To boost Cambodia’s cultural heritage preservation efforts, the Japanese government has pledged an additional grant of USD 900K for the Bayon Temple Preservation and Restoration Project. This funding will support a vital three-year initiative, running from 2025 to 2028, aimed at revitalising the iconic UNESCO World Heritage site. The announcement was made on 13 December […]
Read More