505 elephant roundtable in Pursat province officially inaugurated
The grand inauguration ceremony of the awe-inspiring 505 Elephant Roundabout, situated at the intersection of National Road 55 and National Road 10 in Bramoy Commune, Veal Veng District, Pursat Province, marked a momentous occasion in the province’s history. Under the presidency of HE Suy Sem, Minister of Mines and Energy, the 505 Elephant Roundabout was […]
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Monivong Flyover Project Progresses: 25% Completion and Bridges Installed
The Monivong flyover construction project has reached a significant milestone, with approximately 25% of the work completed as of July 11. This update comes from Mr. Sam Piseth, Director of the Department of Public Works and Transport of Phnom Penh, in an interview with local newspaper BTV on July 11, 2023. The construction site is […]
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Majestic New Kampong Speu Provincial Hall Nears Completion, a Symbol of Progress
The remarkable new Kampong Speu Provincial Hall, a monumental project worth over US$10 million, is nearing its final stages of construction, with approximately 90 percent of the work completed. This eagerly anticipated landmark is set to be officially inaugurated in the near future, as announced by HE Vy Samnang, the Governor of Kampong Speu Province, […]
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Gov’t Approves Five New Investment Projects Valued at US$50.7 Million, Boosting Economic Development
The Council for the Development of Cambodia (CDC) has granted registration certificates to nine prominent companies, marking the approval of five new investment projects across three provinces. With a cumulative investment of US$50.7 million, these ventures are poised to create approximately 13,722 job opportunities for local residents, further strengthening Cambodia’s employment sector. The CDC’s recent […]
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Techo International Airport Nears Completion as Connecting Road 50% Progresses
The highly anticipated Techo International Airport, a remarkable project by OCIC, is swiftly taking shape, with construction progress reaching significant milestones. As of June 2023, the airport construction has surpassed the halfway mark, standing at an impressive 50 percent completion. Concurrently, the connecting road, spanning 13.5 kilometers and measuring 60 meters in width, has reached […]
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Gov’t Invests $2 Million in New Road Linking Two Districts in Kampong Thom
Cambodian government has allocated approximately $2 million to construct a rubber road spanning 12 kilometers and connecting the Prasat Balong district to the Prasat Sambo district in Kampong Thom province. The newly constructed road, a total length of 12 km and 400 meters and a width of 7 meters, currently undergoing the soil pouring and […]
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SSEZ: A Vital Link between Cambodia and China in the Belt and Road Framework
The Sihanoukville Special Economic Zone (SSEZ) stands as a monumental achievement, serving as a vital bridge connecting Cambodia and China within the framework of the ambitious Belt and Road Initiative. This collaborative project has not only brought economic prosperity but has also created employment opportunities for tens of thousands of Cambodians. Liu Lianchi, the deputy […]
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Gov’t Grants 322 Hec of Social Land Concessions in Rolea Bier District, Kampong Chhnang Province
The Ministry of Land Management, Urban Planning, and Construction, in collaboration with the Kampong Chhnang Provincial Authority, has allocated 322 hectares of land as a judging area for land identification, classification, and registration in Prasnup commune, Rolea Bier district. This announcement, made on July 6, 2023, marks a crucial milestone in the implementation of the […]
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10 Years of Partnership with Toyota, Ignites EV Leadership for Tesla
In a remarkable evolution over the past two decades, Tesla has emerged as the unrivaled leader in the electric vehicle (EV) industry, driven by a transformative partnership with Toyota in 2010. This collaboration, dissolved later on, bestowed Tesla with essential manufacturing expertise and its inaugural factory, propelling its extraordinary trajectory. Today, the tables have turned […]
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China’s Property Market Struggles Persist as Shimao Group Faces Failed Auction and Sino-Ocean Group Sees Bond Decline
The challenges gripping China’s property market continue to intensify, with alarming developments emerging in the country’s ongoing real estate debt crisis. Shimao Group Holdings Ltd., a defaulting developer, experienced a setback as a $1.8 billion project failed to attract a buyer at a forced auction, even with a significant discount, according to Yahoo Finance. In […]
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New Siem Reap International Airport Nears Completion, Set to Open in October 2023
As the construction of the new Siem Reap International Airport nears completion, reaching an impressive 98%, aviation officials have announced that the airport is on track to open its doors to the public in October 2023. This exciting progress was confirmed by Mr. Sin Chanserivutha, Undersecretary of State and spokesperson for the Secretariat of State […]
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Ensuring Fairness and Protection: MOC Introduces Measures to Prevent Real Estate Contract Exploitation
In a bid to safeguard consumer rights and prevent profiteering in the real estate sector, the Ministry of Commerce (MOC) has announced the implementation of the Consumer Protection Law and the Declaration on Unfair Contracts. This significant development was highlighted in a press release issued on 30 June 2023. The MOC acknowledged the rapid growth […]
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