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ខ្មែរ Construction Focus
Grand Unveiling: Siha Hotel & Casino, Malaysia’s US$50m Marvel, Shines in Sihanoukville
- 8 December 2023
On 3 December 2023, Siha Hotel and Casino, a lavish investment worth US$50 million nestled in Group 14, Village 1, Sangkat 3, Sihanoukville, was inaugurated by HE Kouch Chamroeun, Governor of Preah Sihanouk Province. Expressing admiration for Malaysia's significant investment in Sihanoukville's hospitality sector, HE Kouch Chamroeun highlighted the strategic decision by Malaysian investors to c...
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Hanoi Unveils Ambitious US$4.2bn Smart City Project Anchored by Vietnam’s Tallest Skyscraper
- 26 November 2023
In a landmark move to propel urban development, Hanoi unveiled a visionary smart city project in November, covering a sprawling 272-hectare expanse and entailing a colossal investment of US$4.2 billion. The focal point of this monumental undertaking is the Phuong Trach Tower, a striking 108-storey financial skyscraper, slated to be Vietnam's tallest building. It is even taller than Malaysia's ...
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Angkor Wat Secures its Prestige as Eighth Wonder of the World, Surpassing Italy’s Pompeii
- 25 November 2023
In a momentous declaration, the esteemed status of the eighth wonder of the world was officially announced. Angkor Wat's ascension to this prestigious rank signifies its triumph over Italy's historic city, Pompeii. This declaration was made by Samdech Hun Manet, Prime Minister of Cambodia, on 24 November 2023. As per reports from India TV English News, the eighth wonder of the world, Angkor Wat...
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WB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
- 24 November 2023
The World Bank warns that Cambodia's economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB's press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: The World Bank underscores the influence of ex...
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Gov’t Unveils Non-Tax Incentives to Revitalise 364 Stagnant Buildings in Sihanoukville
- 23 November 2023
In response to the challenge posed by nearly 400 incomplete buildings in Sihanoukville, hindering the city's progress, the Cambodian government has introduced groundbreaking initiatives aimed at revitalising these stagnant projects. Out of a total of 965 construction projects in Sihanoukville, equivalent to 1,069 buildings with a substantial investment capital of US$4,056,152,112, the urgency f...
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Gov’t Allocates US$60 Million for New Siem Reap Airport Access Road Expansion
- 18 November 2023
In a strategic move to enhance connectivity and accommodate the growing demands of Siem Reap's evolving infrastructure, Prime Minister Samdech Hun Manet announced a substantial investment of US$60 million in a road improvement project. The endeavor focuses on expanding the route from the newly inaugurated Siem Reap Angkor International Airport to Siem Reap City, covering a span of approximately 20...
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Boosting Trade: Gov’t Announces Customs Duties Exemption for Goods Under US$1,000
- 17 November 2023
Prime Minister Hun Manet declared the waiver of customs duties on both imports and exports valued at less than US$1,000. This pivotal announcement was unveiled during the 19th "Government-Private Sector" forum on 13 November 2023. The PM's visionary decision not only streamlines trade processes but also signifies a significant reduction in the customs clearance fee. From an initial 15,000 Riels...
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New Heights for Siem Reap: Inauguration of Siem Reap Angkor International Airport Marks Milestone
- 16 November 2023
Siem Reap Angkor International Airport reached new heights of significance as it was officially inaugurated on 16 November 2023 by Prime Minister Samdech Hun Manet. This monumental occasion reflects Cambodia's commitment to long-term vision, balancing development and conservation to safeguard the cherished Khmer ancestral property. PM Hun Manet emphasized the strategic decision to relocate the ...
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MOT Unveils Strategic Blueprint for Coastal Tourism Renaissance in Sihanoukville
- 15 November 2023
In a strategic move to fortify Sihanoukville's standing as a coastal tourism gem, the Ministry of Tourism (MOT) recently hosted a consultative workshop on the "Plan to Promote Investment and development of Coastal Tourism" on 8 November 2023, in Sihanoukville. HE Un Wallerro, Secretary of State of the Ministry of Tourism, emphasized the province's untapped potential for tourism and investment i...
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Takeo Provincial High School Breaks Ground on Cutting-edge Technology Centre Construction
- 14 November 2023
The groundbreaking ceremony for the construction of Community Technology Centres (CTCs) at public high schools in Takeo province took place on 10 November 2023. HE Excellency Chea Vandeth, Minister of Posts and Telecommunications (MPT), presided over the ceremony, marking a pivotal step in bolstering digital education and literacy. The primary objective of the Community Technology Centre (CTC) ...
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