China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
Cambodia Establishes National Task Force for Sustainable Forest Protection Land Grant Program
In a significant move towards sustainable development, His Majesty King Norodom Sihamoni has signed on establishing a National Committee dedicated to implementing the Forest Protection Land Grant Program. This initiative is formalized under Royal Decree No. នស/រកត/១១២៤/១៤១២, dated November 6, 2024. Committee Overview: The committee referred to as “ផ.ក.អ” (Committee for the Forest Protection Land […]
Three Cambodian Institutions Shine in Energy Efficiency Awards for Commercial Buildings
In a landmark event celebrating energy efficiency, three Cambodian institutions emerged as winners at the Cambodian Energy Efficiency Competition (CEE Comp) awards, hosted by the Ministry of Environment in partnership with Sevea Co., Ltd. on November 4, 2024. Ecole Paul Dubrule Tourism School in Siem Reap took the top prize, with the Lotus Green Team […]
Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted
In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy, together with other local authorities, successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural […]
Cambodian Gov’t Extends and Expands Real Estate Tax Incentives Through 2025
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025, aiming to ease financial burdens on housing developers and enhance the country’s property market. Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in […]
ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025
The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]