Japan’s Robust Investment: US$706m Fuels Construction of Three AEON Supermarkets, Unveiling Plans for a Fourth Location by 2023
AEON Mall (Cambodia) Co., Ltd., the Japanese retail giant has invested a substantial US$706 million in constructing three supermarkets in Cambodia as of 2023. This update was revealed during a productive meeting between HE Sun Chanthol, Deputy Prime Minister, and first Vice President of the Council for the Development of Cambodia, and Mr Tsboya Masayuki, […]
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Hong Kong Court Orders Liquidation of China Evergrande Amidst Ongoing Financial Turmoil
In a significant development, the Hong Kong Supreme Court issued a verdict mandating the liquidation of China Evergrande, the embattled real estate giant, on 29 January. This decision follows a prolonged period of financial distress, spanning over a year, during which the company struggled to meet its debt obligations. Despite granting more than 18 months […]
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First Phase of Thailand’s US$28bn Landbridge Project Kicks Off
In a strategic bid for infrastructural advancement, Prime Minister Srettha Thavisin, joined by Interior Minister Anutin Charnvirakul and Transport Minister Suriya Jungrungreangkit, conducted a thorough examination of the Land Bridge megaproject on 21 January 2024. The project, designed to seamlessly connect Ranong province with Chumphon province, unfolds as a multi-faceted initiative encompassing deep-water ports, an […]
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VINCI Airports Unveils Ambitious Plan for New Terminal at Sihanoukville International Airport
VINCI Airports, the renowned French airport developer with a robust footprint in Cambodian International Airports, has announced plans for the construction of a cutting-edge terminal at Sihanoukville International Airport. The revelation came during a courtesy call on 1 February where Mr Emmanuel Menanteau, Regional Director of VINCI Airports, presented the ambitious project to HE Sun […]
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Ang Pao from Peng Huoth Borey for Chinese New Year Promotion
On the special occasion of celebrating the traditional Chinese New Year, customers looking for a family or business house in February will receive an unprecedented discount with Ang Pao from Borey Peng Huoth. From today until the end of February 2024, all customers who book a house in all projects will receive promotions such as: […]
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Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month
The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia’s economic landscape. The CDC, in a press release on 1 […]
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Gov’t Unveils Special Program to Revitalise Stalled Real Estate Projects in Sihanoukville
In a bid to invigorate economic growth and industrial development, the Cambodian government, led by Prime Minister Samdech Hun Manet, officially inaugurated an ambitious special program to promote investment in Sihanoukville on 31 January 2024. The initiative introduces a comprehensive set of measures designed to facilitate and incentivize three distinct categories of investment in the […]
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Vital Irrigation & Drainage Rehabilitation Project in Southwest Phnom Penh 10% Complete
The Roleang Chrey and Stung Bati sub-projects of the Irrigation and Drainage Improvement and Rehabilitation Project in the southwest of Phnom Penh have successfully achieved a commendable 10% completion. This milestone was reported by the Ministry of Water Resources and Meteorology (MoWRM) on 30 January 2024. During his visit to the project sites, HE Minister […]
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ADB Grants Cambodia US$40m to Build National School of Local Administration in Prek Pnov
The Asian Development Bank (ADB) has committed a US$40 million loan to fund the construction of the National School of Local Administration in Prek Pnov. The groundbreaking ceremony, presided over by HE Dr Sar Sokha, Deputy Prime Minister, and Minister of Interior on 19 January 2024, marked the initiation of a transformative project set to […]
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As of January 2024, Takeo Province Still Grapples with 220,000 Unregistered Land Plots
Takeo province is grappling with approximately 220,000 unregistered land plots according to HE Say Sam Al Minister of Land Management, Urban Planning, and Construction on 29 January 2024. The government, under the strategic plan of the seventh legislature, is committed to expediting the land registration process. Highlighting the magnitude of the task, the deputy PM […]
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World Bank Outlines Key Reforms to Elevate Cambodia to Upper-Middle-Income Status, Government Affirms Implementation Progress
Proclaiming the government’s dedication, Prime Minister Hun Manet has said, “The government steadfastly adheres to its commitment in realizing the aspiration of becoming an upper-middle-income country by 2030 and ultimately achieving a high-income country by 2050.” His unwavering commitment was underscored during a poignant address at the Cambodia Development Resource Institute conference in November. As […]
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Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation’s total trade volume, […]
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