Gov’t Allocates 6 Hectares of Land in South Phnom Penh to Two Tycoons for Visionary Development
The Cambodian government has granted an expansive parcel of land, spanning nearly 6 hectares, in the burgeoning south of Phnom Penh to two distinguished tycoons. Sub-Decree No. 262, issued on August 15, 2023, paves the way for a visionary development that promises to redefine luxury living and contribute to the city’s urban evolution. The designated […]
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Pinnacle of Progress: J Tower 3 Project Breaks Ground in Phnom Penh as ASEAN’s 8th Tallest Marvel
A new icon graces the skyline of Phnom Penh as the J Tower 3 project, the eighth tallest marvel in ASEAN, commenced construction with a groundbreaking ceremony on 27 December 2023. This towering project, valued at over US$150 million, will stand at an impressive 320 metres, encompassing 77 floors, two basements, and a total of […]
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US$22m Cambodia-Japan Water Treatment Plant Unveiled in Pursat
The Cambodia-Japan water treatment plant in Pursat, valued at an impressive US$22 million, was inaugurated, marking a significant leap forward in the region’s water infrastructure. The official opening ceremony, held on December 28, 2023, was graced by the presence of HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, and HE Ueno Atsushi, Ambassador […]
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CBRE’s Head of Research Hints Real Estate Market Recovery Time
Investment caution is rippling through the Asia-Pacific real estate market, from Singapore to South Korea, as investors tread carefully amidst concerns over rising interest rates and geopolitical instability. Market data from JLL, a leading commercial real estate and investment management company, reveals a 22% year-on-year decline in commercial real estate investment activity in the Asia-Pacific […]
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Cambodia’s Tourism Soars: Nearly Half a Million Chinese Tourists in 2023
In a remarkable surge for Cambodia’s tourism sector, the first 11 months of 2023 witnessed an influx of 498,250 Chinese tourists, constituting a noteworthy 10.1% of the total international tourist arrivals, according to the publication of the Chinese news website XINHUANET on 25 December 2023. A report by the Cambodian Ministry of Tourism indicates that […]
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Chinese Premier Li Spearheads Intelligent Technological Advancements for Sustainable Development in Lancang-Mekong Region
In a visionary move to fortify regional cooperation and technological progress, Chinese Premier Li Qiang took the lead in proposing cutting-edge solutions and sustainable initiatives during the fourth Lancang-Mekong Cooperation (LMC) Leaders’ Meeting. The virtual summit, attended by leaders from Cambodia, Laos, Myanmar, Thailand, and Vietnam—the five ASEAN member states traversed by the Mekong River—marked […]
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The Gov’t urge to implement to build a light rail line connecting Siem Reap to the new airport
An inter-ministerial commission with China Metro Group has been pushing for discussions on a light rail development (LRT) project connecting Siem Reap-Angkor International Airport to Siem Reap. This is according to the meeting chaired by HE Sun Chanthol, Deputy Prime Minister, First Deputy Chairman of the Council for the Development of Cambodia, and Chairman of […]
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Korean Firm Embarks on Ambitious Venture to Establish 100 E-mart 24 Stores in Cambodia by 2028
In a strategic move to tap into Cambodia’s thriving retail landscape, Hanlim Architecture Group, a prominent real estate services company, has finalised a groundbreaking agreement to facilitate the entry of Korean convenience store giant E-mart 24 into the Cambodian market. This collaboration unfolds through the joint venture Saihan Partners, established earlier this year as a […]
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Japan to Transform Cambodian Agriculture with Expansion of Cashew Processing Plant in Preah Vihear
Mirarth Agri Teach Co., Ltd., a Japanese enterprise, has unveiled plans to significantly expand its cashew processing plant in Preah Vihear province. The ambitious project, discussed during a meeting on 25 December 2023, between HE Dr Eang Sophalleth, Minister of Environment, and Mr Sasaki Koji, CEO of Mirarth Agri Teach Co., Ltd, seeks to amplify […]
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US$20 million Boeung Choeung Ek Wastewater Treatment Plant Unveiled
The Boeung Choeung Ek Wastewater Treatment Plant, a state-of-the-art facility valued at over US$20 million, was officially inaugurated on 27 December 2023. The auspicious ceremony, presided over by Samdech Hun Manet, Prime Minister of the Kingdom of Cambodia, and HE Ueno Atsushi, Ambassador of Japan to Cambodia, marks a pivotal moment in the nation’s commitment […]
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PM Signifies Demographic Census Data as a Compass for Policymaking With Over 750,000 Enterprises Updated
As of March 2022, Cambodia boasts a total of 753,670 operational firms, showcasing a staggering 49% increase compared to the 2011 economic census, which recorded 505,134 enterprises. This significant revelation was released the Ministry of Planning on 26 December under the auspices of Samdech Hun Manet, Prime Minister of Cambodia, which disclosed a remarkable surge […]
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Aeon’s Strategic Leap: Revolutionising Logistics with AI Precision
In a groundbreaking move set to redefine the landscape of Japanese retail logistics, Aeon, the prominent retail group, is embarking on an ambitious overhaul of its logistics operations. The initiative, slated for implementation next spring across approximately 3,300 domestic stores, is a proactive response to the impending legal restrictions on driver overtime, set to take […]
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