Cambodian Board of Investment Approves US$12.2 Million for Three New Factories
The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO […]
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Gov’t Unveils Eight Measures to Support Construction and Borey Development
The Ministry of Economy and Finance has recently announced eight measures to support the development of the construction and real estate sectors in the Borey industry amidst global economic uncertainty. According to the press release on 12 April 2023, the Economic and Monetary Policy Committee has outlined a package of measures to facilitate the growth […]
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Gov’t approves US$85 million investments in cattle and rubber farms in Kratie and Preah Vihear
The Investment Committee of Cambodia’s Council for the Development of Cambodia (CDC) has approved two investment projects that will contribute to the country’s economic growth and development. Eastern Rubber (Cambodia) Co., Ltd will invest US$73.4 million to establish a large-scale cattle and beef cattle farm in Snuol district, Kratie province, while Rithy Rubber (Cambodia) Co., […]
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US$6 Million Bran Oil Refinery Ready for Sale in Battambang
A $6 million investment in a medium-sized bran oil refinery in Battambang province is set to go on sale after the Khmer New Year, according to RFI on 17 April 2023. The Cambodian jasmine rice refinery can refine more than 10 tons of cooking oil using about 50 to 100 tons of crude bran. Chhem […]
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Buy houses, win a master bedroom decoration and big save on…
Borey Peng Huoth’s April promotion offers huge customers and extraordinary profits. For buying all types of houses and all projects from today until the end of April 2023, customers will receive special offers such as: 🎁 Family headroom decoration according to the standard house standard Instant 🎁 discount up to US$ 30,000. 🎁 Year of […]
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Experts urge real estate players to update ‘playbooks’ to survive in the 2023 market
The Cambodian property market is facing numerous headwinds in 2023 due to global economic crises, the Chinese real estate downturn, and the war in Ukraine. As a result, experts are urging all players in the market to update their playbook to survive in this new context. Lawrence Lennon, Managing Director of CBRE Cambodia, emphasized during […]
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Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?
Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country’s railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 […]
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Siam Makro Plc to Invest Over US$800 Million in Retail and Wholesale Business Expansion
Siam Makro Plc, the operator of Makro cash & carry stores and Lotus hypermarkets, has announced plans to invest 25.3-27.5 billion baht (over US$800 million) this year to expand its retail and wholesale businesses. According to Saowaluck Thithapant, Group Chief Executive of Siam Makro, ” This move is in anticipation of a positive impact on […]
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China Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
China has set its sights on developing the world’s most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The […]
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CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces
The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, “SUNFLOWER ENERGY […]
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US$7.2b Jakarta-Bandung High-Speed Railway Set to Revolutionize Indonesian Transport
Indonesia is set to mark its 78th Independence Day with the opening of the highly anticipated Jakarta-Bandung High-Speed Railway, a landmark project that will connect the capital to the thriving city of Bandung in just 40 minutes. The US$7.2 billion railway, a flagship initiative of China’s Belt and Road Initiative, has been years in the […]
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WSB and Bentley Systems Collaborate to Offer New Digital Construction Management Service Based on SYNCHRO
Will Provide Digital Integrator and Advisory Services for Construction Digital Twins Running in Bentley Infrastructure Cloud Bentley Systems, a leading infrastructure software provider, has partnered with WSB, a digital construction management solution provider, to create a new service that will help civil infrastructure owners and contractors adopt and utilize infrastructure digital twins. The service is […]
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