Japan to help ASEAN develop carbon capture & storage technologies
Japan plans for ASEAN nations to develop carbon capture and storage technologies as its vision for a zero-emissions Asian community. According to the Nikkei Asia report, Asian economies are still reliant on cheaper but carbon-intensive coal, thus carbon capture and storage projects are highly needed to them reduce emissions. Those technologies include carbon capture and […]
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Mondulkiri tourism development master plan 2021-2035 officially launched
The National Committee for Tourism Development officially disseminated and launched the “Master Plan For Mondulkiri Tourism Development 2022-2035” which is a guiding document for the development of the tourism sector in the Northeastern area of the country. Held on April 11, the official dissemination was presided over by HE Aun Pornmoniroth, Deputy Prime Minister, Minister […]
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World’s skinniest skyscraper completed in New York
The world’s skinniest skyscraper in the world located in New York City— Steinway Tower or111 West 57th Street— has been completed and is ready for residents to move in. This luxurious apartment tower has a height of 435m, 24 times of its width, with a total of 84 floors and over 530,000 sqm of floor […]
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Engineers ordered not to construct or dismantle unlicensed buildings, or face fine
The Ministry of Land Management, Urban Planning and Construction has instructed engineers registered with the Board of Engineers of Cambodia not to carry out construction work at sites that do not have permits for construction, repair, or demolition from authorities. According to the announcement of the ministry dated 8 April, the implementation of construction work […]
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Five foreign firms eyes resuming oil extraction in Cambodia after KrisEnergy fails
Five foreign companies from different countries have been interested in resuming the oil extraction operation in Block A and exploring other oil blocks in Cambodia after KrisEnergy announced bankruptcy last year. HE Cheap Sour, Director General of the General Department of Petroleum, Ministry of Mines and Energy, said on Friday 8 April that those five […]
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How does the rise of new players affect the Borey market in Cambodia?
In the last six months, there were 39 new Borey projects launched, while the total accumulative Boreys is projected to rise to over 300 by the end of 2022, and to 400 by 2023, according to CBRE Cambodia’s recent report. The most interesting fact about this surge in the number of Borey despite the pandemic […]
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Retail in Q1 2022: Footfall achieves pre-COVID levels, more brands enter local market
The number of footfalls in the retail sector in Q1 2022 has increased significantly passing the pre-COVID baseline after the government announced the reopening of socio-economic activities in November last year. According to the CBRE Cambodia Q1 report published on 7 April, the rise of shoppers to the retail venues is a positive sign of […]
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PP-Bavet Expressway Final Study to Be Completed in 3 Months
The Ministry of Public Works and Transport (MPWT) has set a 3-month deadline for the Chinese firm to finish the final study of the Phnom Penh-Bavet Expressway before moving to the construction stage as planned. The deadline was set during a meeting on 7 April between MPWT Secretary of State So Victor with representatives of […]
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Korea Provides US$66m Loan to Build University of Health Sciences Hospital
The Government of the Republic of Korea has provided a concessional loan of over US$66 million to the Ministry of Health of Cambodia for the construction of a health university hospital, located in Sen Sok district, Phnom Penh. The project was discussed at a meeting held on 6 April between the Secretary of State of […]
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Prince Bank Invests Additional US$35 million in New PP Airport Project Through Bond
Prince Bank has invested an additional US$35 million into the new Techo airport development project through CACI guaranteed bonds. This investment is the second in addition to the first US$15 million investment last year, making the firm hold a total of US$50 million in bonds for the new airport project. The agreement was signed on […]
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Japan, CCA Discuss Plan to Set Up Satellite Land Surveying System in Cambodia
Japanese experts have met with the Cambodia Constructors Association (CCA) to assess the demand and interest in the CORS satellite land surveying system among construction companies that are members of the association. Held on 1 April, the meeting aimed to collect more input from the private sector for the project before the actual implementation. This […]
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Condo Market Remains Stagnant with No New Launches Expected for 2022
In the first quarter of 2022, the condo market in Cambodia has remained stagnant, with no new projects launched, while the price of high-end unit types continues to fall, according to CBRE Cambodia’s Q1 report released on 7 April. With this stagnation, CBRE Cambodia has observed three new norms emerging in the market. First, buyers […]
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