AIIB & ADB to loan Philippines with US$750m loan to manage COVID-19 impacta
The Philippines has been offered a US$750 million loan from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) to assist the nation to kickstart its economy following a slump caused by the COVID-19 pandemic. The loan is intended to help the Philippines increase its testing program and provide support to affected […]
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Government Approves US$40 million Solar Power Plant in Banteay Meanchey
The Council for the Development of Cambodia (CDC) on 25 August gave the green light to Ray Power Supply Co., Ltd to invest US$39.8 million to build a 30-megawatt solar power plant in Banteay Meanchey province. Located in Russey Khang and Samrong Thom villages of Preah Net Preah district, the project is expected to create […]
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Exclusive Interview: IKO International’s Business Strategies in Cambodia
Roof shingle is an innovative technology in the field of construction or can be considered as a new product for Cambodia. Therefore, to provide knowledge related to this new field, Construction & Property Magazine’s reporter sat down and interviewed with a representative of IKO, a leading international firm specializing in roof shingles. Not only sharing […]
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Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Cambodia, Japan Discuss Port Development in Sihanoukville
Cambodia and Japan have recently discussed the development of new deep container ports in Sihanoukville, aiming to expand economic activities between the two nations. The project was raised for discussion during the two-day official visit of the Japanese Foreign Affairs Minister Motegi Toshimitsu in Cambodia on August 21-22. The discussion is timely given that Cambodia […]
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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Mekong Homes Unveils Affordable Housing Model
The Mekong Homes project by ISI Steel has launched a new affordable house model to fulfil the needs of small and medium land plot owners in Cambodia. Launched on 14 August, the event hosted real estate developers and microfinance partners from over 80 institutions who expressed optimism and plan to collaborate with Mekong Homes. Through […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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US$25 million Coastal Business Centre Proposed for Kampot
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star […]
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How to avoid disputes in property sale and purchase transaction
The real estate sector in Cambodia is growing steadily. The Cambodian government has thus far closely monitored and issued regulations to ensure that all types of land transactions being done legally. Despite the government’s attempt, there are still some loopholes which leads to disputes while making sale and purchase transaction of the property. Therefore, to […]
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World’s Tallest Prefab Building Set for Singapore by 2023
The world’s tallest prefabricated skyscraper is currently under construction and is scheduled to rise in Singapore by 2023, according to a CNN report on 10 August. Named Avenue South Residences, the project comprises of two 192 metre-tall buildings or about 56 floors. The uniqueness of this project is the Prefabricated Prefinished Volumetric Construction (PPVC) building […]
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Government to dredge Prek Thnaot river to mitigate Phnom Penh flood risk
The Ministry of Water Resources and Meteorology has been working with a Chinese firm to dredge the Prek Thnaot river next year, aiming to mitigate flood risk in Phnom Penh City. Secretary of State and spokesman for the Ministry of Water Resources and Meteorology H.E Chan Yutha said at a press conference on August 10 […]
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