Global Investors Eye Investments in ASEAN to Diversify Risk; Cambodia to Gain Benefit
Southeast Asia saw foreign direct investment surge by 42% in 2021, and that trend has continued this year, with some countries seeing record levels of FDI, according to the ASEAN Investment Report 2022. One of the reasons for the FDI surge is that a majority of investors are looking to spread their risk by diversifying […]
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MRC Reaches ‘Historic Breakthrough’ on Hydropower Dam Constructions
The Mekong River Commission (MRC) has approved a milestone document that clarifies guidelines for how to design hydropower projects, to minimize the impact on ecosystems and communities along Southeast Asia’s largest waterway. According to the MCR meeting on 4 October, beyond this revised Preliminary Design Guidance (PDG), the MRC also agreed on a Guideline on […]
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Chip Mong Bank Opens New Branch at Chip Mong Mega Mall 271
The new Chip Mong Bank’s 271 Mega Mall branch was officially inaugurated on the morning of October 5, 2022, at the Chip Mong 271 Mega Mall. The inauguration of this new branch is part of our efforts to bring Chip Mong Bank’s services and products closer to its customers at all times with the highest […]
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Street Vendors in Kep Given 10 days to Demolish Disorganised Stalls, or Face Fine
The Kep City Administration has ordered all vendors to demolish their disorganized stalls along Kep’s streets before 15 October 2022 or face legal action. Kep City Governor Kheng Yuan said on 4 October that vendors and authorities have met and reached an agreement. Vendors are allowed to sell and temporarily build their stalls only during […]
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Demark to build US$34bn world’s first windfarm artificial island
Denmark, the nation that built the world’s first offshore wind farm, is planning for another global first – an energy island in the North Sea which could supply energy to 10 million homes. According to World Economic Forum, this gigantic project will create a critical boost to the world’s offshore wind capacity. The scheme will […]
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Angkor Resources’ Subsidiary Granted Onshore Oil & Gas Exploration in Cambodia
Angkor Resources Corp’s subsidiary EnerCam Resources Corp. (Cambodia) Co. Ltd. (EnerCam) has received final licensing for exploration, development, and production on Block VIII onshore Cambodia, according to the firm’s press release on 3 October. President of EnerCam Mike Weeks said that this is a monumental change for the entire country. Having its own long-term source […]
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New Chip Mong 271 Mega Mall Attracts Young & Modern Shoppers
The newly-opened Chip Mong 271 Mega Mall has been attracting plenty of shoppers especially young generations as they enjoy finding and shopping multiple famous brands. 20 influencers with tens of thousands of followers on social media also came to visit and enjoy the unique atmosphere in Chip Mong 271 Mega Mall. Want to learn more […]
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Gov’t Enforces New Guideline for Small-Scale Ecotourism Projects in Two Protected Zones
The Ministry of Environment (MoE) and related partners have announced the implementation of guidelines for small-scale ecotourism development projects with an area of fewer than 10 hectares in two protected zone—protected forests and biodiversity corridors. MoE Secretary of State HE Rath Virak said on 3 October that the technical guidelines are necessary to effectively manage […]
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Two New International Hospitals Worth US$41 Million Approved for Phnom Penh
The Council for the Development of Cambodia (CDC) approved two private companies to build two large hospitals worth US$41million in Phnom Penh. According to a recent CDC announcement, the first project is a 117-bed international hospital with an investment of US$21 million. This hospital is located on Duong Ngiep 2 Street, Damnak Thom 3 Village, […]
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US$17m Development Project Approved on Koh Tbal in Kep Province
The Council for the Development of Cambodia (CDC) has given a permit to TRY PHEAP KOH TUNSAY RESORTS CO., LTD to build a US$17-million development project on Koh Tbal in Kep province. The project will create 105 jobs; however, CDC did not specify the details of the project, saying it is a tourism-related project. […]
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Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]
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Battambang Governor Vows to Fix Flood-Damaged Roads Across the City After Rainy Season
Battambang Provincial Governor HE Sok Lou has vowed to repair the flood-damaged pot-holed roads across the city after the end of the rainy season. This statement was made in response to social media that posted photos of damaged roads in Battambang city with criticism that “Battambang is a civilised city, but do not look at […]
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