Business and Market
Indonesia Eyes Construction & Real Estate Investment in Cambodia
Indonesia is looking for opportunities to partner with three Cambodian tycoons to invest in several key sectors in Cambodia, while construction and real estate are among the top priority. The interest was expressed through the Indonesian Ambassador to Cambodia Sudirman Haseng during a meeting with President of WorldBridge Group Oknha Sear Rithy, President of Mong […]
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LABS Group to Auction World’s First NFT Resort in Indonesia, Name Cambodia as Next Target
By LABS Group/ACCESSWIRE LABS Group, an end-to-end blockchain property investment platform, will begin its auction of the world’s first-ever community-owned resort and Rewarding Timeshare (RTS) non-fungible token on 15 July 2021. The Kunang Kunang Glamping is a brand new resort located in Banyuwangi, Indonesia and is developed and operated by LABS Group partnered with Gravity […]
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US Firm Brink’s Partners with WorldBridge Group to Provide Valuable Logistics Services in Cambodia
US firm Brink’s, which has over 150 years’ expertise in logistics services, has officially partnered with WorldBridge Group subsidiary WorldBridge Secure Logistics to provide valuable logistics services in Cambodia. The partnership between Brink’s and WorldBridge Secure Logistics was announced in the second week of July, with the new joint venture rebranded as Brink’s WorldBridge Secure […]
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79 New Factories Registered, 135 Close in H1: Industry Ministry
During the first half of 2021, there was a total of 79 new industrial investment projects registered in the kingdom, while 135 others have announced closures due to the pandemic. This is according to the primary report from the Ministry of Industry, Science, Technology and Innovation (MISTI). Secretary of State and Spokesperson of MISTI HE […]
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CBRE: Property Market Still Facing High Degree of Uncertainty Despite Vaccine Roll-Out
The real estate market in Cambodia remains under pressure and is still facing a high degree of uncertainty despite the very impressive vaccine roll-out by the government, with experts not expecting to see a recovery this year. According to the CBRE Cambodia 2021 Mid-Year Review Webinar yesterday, all four main sectors of the property market […]
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Golden Park to Launch Official Pre-Sale with up to a 12% Discount
Advertorial One of Cambodia’s leading real estate developers Golden Park will launch an official pre-sale of The Natural Project on Thursday 8 July with up to a 12% discount and a 24-month instalment term without interest. The Natural Project is a modern borey (Landed Property) spread out on over 50 hectares with 4.5 hectares of […]
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1,829 Construction Projects Worth US$2.3 Billion Approved in First Five Months
During the first five months of 2021, a total of 1,829 construction projects have been approved, a decrease of 278 projects compared to the same period last. These projects have a total amount of estimated investment value of US$2,349 million, which also dropped by 32%. This is according to the recently published Social-Economic Trend report […]
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Macau Casino Operator Delays 1200-hectare Land Acquisition in Siem Reap Again
Macau-based gaming operator Macau Legend Development Ltd has once again failed to reach an agreement on its 1200-hectare land acquisition in Siem Reap but has stated that it is now negotiating with the seller for amicable solutions, reported IAG. Macau Legend Development Ltd first revealed its plan to build an integrated resort in Siem Reap […]
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Koh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the […]
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MPWT Discusses Infrastructure Investment Opportunity with US Chamber of Commerce
Ministry of Public Works and Transport (MPWT) Minister HE Sun Chanthol met with the American Chamber of Commerce in Cambodia (AmCham) on Tuesday 15 June to discuss the potential and investment opportunities in transportation infrastructure. The meeting was attended by several AmCham members led by AmCham President and CEO of Cambodia Investment Management Anthony Galliano. […]
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