Why not Phnom Penh or Bangkok? Why Ho Chin Minh ranked in the top 10 Asia Pacific Real Estate for international real estate capital?
Phnom Penh, the thriving capital of Cambodia, has been experiencing robust growth with a surge in size expansion, foreign direct investment (FDI), and flourishing real estate development. Nevertheless, it remains relatively small when comparing investment volumes to other major ASEAN cities. In contrast, Bangkok, the bustling capital of Thailand, stands out as a major attraction […]
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Pioneering the Future of Solar Exploration: UK and Europe Unite to Build Europe’s Largest Solar Telescope in Spain
A groundbreaking collaboration between the University of Sheffield and nine European countries, including the United Kingdom, has been unveiled, heralding the creation of the European Solar Telescope (EST). Poised to be the largest solar telescope in Europe, this ambitious project aims to unlock unprecedented insights into space weather phenomena, revolutionizing our understanding of the sun’s […]
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Distinguished contenders announced for the 8th PropertyGuru Cambodia Property Awards
PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced the nominees shortlisted for the 8th Annual PropertyGuru Cambodia Property Awards, supported by sponsors CBRE Cambodia, Dewan Architects and Engineers, and SALTO Systems. The shortlisted companies, representing outstanding real estate projects from Greater Phnom Penh to Siem Reap, will vie […]
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Unveiling a Towering Marvel: Ministry of Industry’s 18-Storey Office Building Reaches 100% Completion
The architectural masterpiece that is the new 18-storey office building of the Ministry of Industry, Science, Technology, and Innovation has reached a momentous milestone with its 100% completion. Nestled gracefully along Norodom Boulevard, this landmark structure stands tall as a testament to Cambodia’s progress and commitment to innovation. In a moment of pride and celebration, […]
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Australia Grants Over AUD83.6 M to Foster Key Sectors in Cambodia
Australia has extended its support by providing an official development assistance of AUD83.6 million (over US$ 56.5 million). This commitment is aligned with Australia’s dedication to enhancing economic and social prosperity in Cambodia and marks a step towards reinforcing the strong bilateral ties between the two nations. The development assistance, as outlined in a letter […]
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Green Mobility Goes Premium: MPWT to Introduce Electric Vehicle Charging Fees from August
The Ministry of Public Works and Transport (MPWT) has announced the implementation of electric vehicle charging fees at stations under its purview, effective from 1st August 2023. This much-anticipated development, referred to as letter No. 032 of the National Coordinating Committee (NCC) and dated 21st July 2023, marks a significant milestone in Cambodia’s green mobility […]
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China and Pakistan Foster Sustainable Energy Cooperation with US$ 3.5 Billion Nuclear Power Plant
In a landmark collaboration, China and Pakistan have inaugurated the construction of Pakistan’s largest nuclear power plant, a monumental project estimated at US$ 3.5 billion. Set to generate a colossal 1,200 megawatts of electricity daily for the national grid, the initiative signals a significant stride towards sustainable energy for the nation. As per a report […]
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NagaWorld Records Impressive Q2-2023 US$ 83M Profit, Surge of 57%
Hong Kong-based NagaCorp proudly reports NagaWorld’s soaring success in Cambodia, as the net profit for the second quarter of 2023 surged by an impressive 57.4%, reaching a remarkable US$83 million. The significant increase in profit can be attributed to the resurgence of tourism in Cambodia from ASEAN countries and the gradual return of business travelers […]
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Bentley Systems Announces Allen Li has Joined as General Manager, China
EXTON, Pa. – June 6, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as […]
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Navigating a Stagnant Market: Location Remains Key for Selling Houses in Cambodia
As the residential real estate market in Cambodia enters the midpoint of 2023, it faces intensified competition and weakened demand. Sales in the sector have become increasingly challenging, with only a select number of condominium and landed property projects in prime locations managing to maintain or slightly increase their asking prices, according to CBRE Cambodia’s […]
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Vietnam Breaks Ground on Mekong Delta Expressway
The government of Vietnam has broken ground on a 188km expressway which will stretch across the Mekong Delta to Tran De, a South China Sea port city. The six-lane expressway is expected to cost US$1.9 billion from the government budget and is expected to be completed in 2026. The new road will connect with Vietnam’s […]
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Ho Chi Minh City and Hanoi Shine as Top Investment Destinations in the 2023 Asia-Pacific Survey
A recent Asia-Pacific Investor Interest Survey 2023 released by CBRE reveals some great news for Vietnam’s real estate sector. Based on the experience of 500 regional real estate investment experts, Ho Chi Minh City and Hanoi have been ranked as the top 10 most attractive destinations for cross-border investment in the Asia-Pacific region. Ho Chi […]
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