Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era
Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. Cumins is the first CEO in the company’s 40-year history who is […]
Read More
Unfavourable Business Conditions Force Thailand’s Third-Largest Sugar Firm to Withdraw from Cambodia
Thailand’s third-largest sugar producer, Khon Kaen Sugar Industry Plc (KSL), has announced its decision to withdraw its investment from Cambodia due to unfavourable market conditions and the underutilisation of trade schemes such as the Generalised System of Preferences (GSP) in Cambodia. The company cited these challenges despite a recent rise in global sugar prices following […]
Read More
Pioneering Sustainable Building Practices: Archetype Cambodia Office Achieves LEED Gold Certification
Archetype Cambodia, a leading architectural and engineering consultancy, has been awarded the prestigious LEED Green Building Rating System Certification, achieving a Gold level under the v4.1 Operations and Maintenance: Interiors rating system. This recognition showcases the company’s dedication to environmental stewardship, resource efficiency, and sustainability, leading the green journey of the construction industry in Cambodia. […]
Read More
Rehabilitation & Expansion of NR No. 4 Reaches 55% Completion
As of the end of June 2024, the ambitious project to rehabilitate and expand NR No. 4 from Bek Chan commune in Kandal province to Bit Trang commune in Prey Nob district, Preah Sihanouk province, has achieved 54.80% completion. This significant milestone was confirmed by the Ministry of Public Works and Transport on their official […]
Read More
France Invests US$600m in Cambodia’s Expanding Sectors
French investment in Cambodia has surged to a combined value of €560 million (approximately US$600 million), significantly impacting the construction, agro-industry, and services sectors, according to a report from the French Embassy to Cambodia on Friday. This announcement was made in conjunction with the signing of the second France Cambodia Business Forum, scheduled from 8 […]
Read More
Kampong Cham’s New Landfill Project Achieves Over 80% Completion
The ambitious project to construct a large landfill in Kampong Cham has surpassed the 80% completion mark, with significant progress made over the past six months. Spanning an area of more than 8 hectares in Kampong Siem district, the facility includes standard waste processing and storage infrastructure. This milestone was confirmed during a site inspection […]
Read More
NR No. 48 from Sre Ambel to Koh Kong Construction Progresses Beyond 62%, Set for Dry Season Completion in 2025
The ambitious project to restore and upgrade the 148-kilometre stretch of NR No. 48 from Sre Ambel to Koh Kong has reached a completion milestone of 62.11%, with completion expected in the dry season of 2025. This update was confirmed by HE Phorn Rim, Spokesman of the Ministry of Public Works and Transport, on 3 […]
Read More
Gov’t Resolves Over 85% of Land Disputes with Over 15,000 Cases Addressed
The Ministry of Land Management, Urban Planning, and Construction has resolved 13,329 land dispute cases out of 15,642, achieving an 85.21% resolution rate. This information was shared on the ministry’s official Facebook page on 26 June 2024. The ministry’s efforts addressed various disputes, including land tenure issues, duplicate title applications, and state land title issuance […]
Read More
NR No. 31 Project Connecting Bek Kus to Kampong Trach Nears Completion with Over 95% Progress
By the end of June 2024, the project to restore and upgrade NR No. 31, spanning over 53 kilometres, has achieved 95.38% completion. The Ministry of Public Works and Transport confirmed this progress on their official Facebook page on 3 July 2024. The construction work, which began on 30 December 2022, is on track to […]
Read More
Gov’t Waives Fines for Housing Developments for One Year
The Cambodian Real Estate and Mortgage Regulator has announced a one-year waiver of fines for Borey and condominium projects, starting from 1 July 2024. This decision follows the guidance of Prime Minister Hun Manet and the outcomes of the 19th Royal Government of Cambodia-Private Sector Forum held on 13 November 2023. This announcement was officially […]
Read More
Gov’t Accelerates Resolution of 22 Investment Projects in Sihanoukville
The Cambodian government is expediting the resolution of 22 stalled investment projects in Sihanoukville, with a combined value exceeding $2 billion, under the leadership of HE. Dr Hean Sahip, Secretary of State of the Ministry of Economy and Finance. This announcement was made on the official Facebook page of the Special Task Force on Sihanoukville […]
Read More
Royal Group Phnom Penh SEZ Secures Nearly US$10m from Green Bond Listing
Royal Group Phnom Penh SEZ Plc has successfully raised US$9.96 million from its green bond listing on the Cambodia Securities Exchange (CSX) to fund the construction of a wastewater treatment plant and its infrastructure. The official bond listing ceremony took place on 28 June 2024 at the CSX building, presided over by HE Dr Hean […]
Read More