Cambodian Gov’t to Cease Border Infrastructure Fund Donations by 31 October After Raising Over USD 26m
The Cambodian government has announced that it will stop accepting donations for its Border Infrastructure Fund after raising over USD 26.33 million from nearly 700,000 donors to support the construction of a border ring road. The funding effort, which aims to enhance border infrastructure and strengthen national development, will officially conclude on 31 October 2024, […]
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While China Controls Most of the Real Estate Market, Japan Continues to Dominate ASEAN’s Major Economies
Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia focuses more on tertiary industries like finance, construction, and real estate. It is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China’s FDI in these sectors may complement, rather than […]
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Australia & Cambodia Unveil Advanced Food Quality Testing Service to Boost Agro-Food Safety
Australia, in collaboration with the Institut Pasteur du Cambodge, has officially launched a cutting-edge food quality testing laboratory in Cambodia, aiming to enhance food safety and market competitiveness for the country’s agro-food sector, according to a press release from the Australian Embassy on 16 October 2024. The new facility, which adheres to ISO standards for […]
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VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
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Phnom Penh to Undergo AI-Driven Renovation of Norodom Boulevard & Sisowath Quay
The Ministry of Land Management, Urban Planning, and Construction has announced plans to renovate two of Phnom Penh’s prominent boulevards—Norodom Boulevard and Sisowath Quay—leveraging artificial intelligence (AI) technology to enhance urban aesthetics and functionality. The initiative was disclosed by HE Leang Monirith, Secretary of State of the Ministry, during a workshop on infrastructure development held […]
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Bassac River Crossing Project (Chak Angre Krom – Prek Pra) Progresses Towards Completion, Reaching 14.5%
The Bassac River Crossing Project, linking Chak Angre Krom and Prek Pra, has achieved 14.5% completion by mid-October 2024, marking significant progress in the infrastructure development initiative. The Ministry of Public Works and Transport provided this update on 17 October 2024, highlighting that the project began on 19 February 2024 and is steadily advancing towards […]
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Vietnam Ranks as Southeast Asia’s Least Transparent Real Estate Market
Vietnam’s real estate market has been ranked as the least transparent in Southeast Asia, placing 49th out of 89 countries and territories in JLL’s 2024 Global Real Estate Transparency Index. The report places Vietnam behind regional peers Singapore (13th), Thailand (32nd), Malaysia (33rd), Indonesia (40th), and the Philippines (45th) in terms of transparency, highlighting key […]
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The Star Mera Garden: Ideal Housing for Every Stage of Life with Exclusive Offers in Phnom Penh
Life in Phnom Penh can often be disrupted by noise, car emissions, and unclean air, which negatively impact the well-being of the elderly. So, where can you find a place that strikes a balance—neither too noisy nor too quiet, with minimal toxic smoke? The Star Mera Garden, a premier housing project by Borey Peng Huot […]
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Cambodia’s First Regional Nursery Nears 20% Completion, Pioneering Green Initiatives in Tbong Khmum
Cambodia’s first regional nursery, located in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province, has reached 20% completion, marking significant progress in the country’s ambitious reforestation efforts. The update came during an inspection visit by HE Dr Eang Sophalleth, Minister of Environment, on 8 October 2024. Set across more than 3 hectares, this […]
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France & EU Set to Boost Phnom Penh Water Supply’s Capacity for Clean Water Development
The French Development Agency (AFD) and the European Union are gearing up to enhance the capabilities of the Phnom Penh Water Supply Authority (PPWSA) initiative to strengthen Cambodia’s water sector, starting in early 2025. This plan, aimed at advancing the Sixth Sustainable Development Goal of universal access to clean water and improved sanitation, was announced […]
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K Mall Veng Sreng Unveils New Expansion to Elevate Phnom Penh’s Retail Experience
Urbanland, a Cambodian real estate developer, is pleased to announce the highly anticipated expansion of K Mall Veng Sreng, set to launch in late 2024, aiming to redefine shopping in Phnom Penh. This major development will add more retail spaces and generous public areas, enhancing the mall’s capacity to welcome and serve its growing number […]
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Royal Group Launches 900MW Natural Gas Power Plant. Worth USD1.34bn, in Koh Kong
Royal Group Power, a division of the prominent Royal Group led by Neak Oknha Kith Meng, has officially commenced construction on a 900-megawatt natural gas power plant in Botum Sakor district, Koh Kong province. The USD 1.34 billion investment was celebrated during a groundbreaking ceremony on 16 October 2024, attended by high-ranking officials, including HE […]
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