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Construction Contract Signed for Us$26 Million Stung Bot International Border Checkpoint
The Cambodian government and a Thai construction company signed a contract on 24 May 2019 for construction of the Stung Bot international border checkpoint and a road connecting the border to National Road No.5. The contract signed by H.E Sun Chanthol, Minister of Public Works and Transport and construction firm Fin Technic will allow work to begin on the project, which will use a loan of 800 m...
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ADB to Help Build 100-MW Solar Park in Cambodia
The Asia Development Bank (ADB) has approved a US$7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Kampong Chhnang province, for which the government has opened bidding for investment. The loan will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy, according to ADB in a press rel...
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Chip Mong Land Launches Sales of Its First Condominium Project
To capitalise on the strong demand for new modern lifestyles, developer Chip Mong Land launched sales of its 'Park Land Condo TK' on 24 May. Stretching along Oknha Mong Reththy street in the main commercial area of Sen Sok district, this first condo project of Chip Mong Land is a 26-storey luxury condominium featuring many facilities which will best serve new modern lifestyles. 'Park Land Co...
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Government Reviews CLV Triangular Zone Development
Photo by National Assembly of Cambodia The Cambodian government has reviewed the latest progress in the CLV (Cambodia-Laos-Vietnam) triangular zone, saying that significant progress has been made in development on the economy, social initiatives, and security along the border. In remarks shared in a meeting led by H.E. Pan Sorasak, Minister of Commerce and Chairman of National Commission for...
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Macau Casino Operator Eye Business Expansion in Siem Reap
Macau project in Laos by Insite Asia Gaming គម្រោងរបស់ម៉ាកាវនៅប្រទេសឡាវ ដោយ Insite Asia Gaming Casino hotel company Macau Legend Development Ltd is planning to expand its business to Siem Reap, said the company. Speaking with Inside Asia Gaming on 22 May, the company’s Executive Director Mr Sheldon Trainer said that the company is now working on the procedure of purchasing land near the tour...
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Top Chinese Steel Manufacturer Mulling Moving Blast Furnaces to Cambodia
Photo by Xinhua China’s top steel manufacture, China Baowu Steel Group, is conducting a feasibility study to move its blast furnaces from Xinjiang to Cambodia in late 2019, according to Reuters. Speaking to Reuters, an unnamed senior Baowu manager said that the company is studying the possibility of shipping two blast furnaces capable of producing 3.1 million tonnes of metal and two converte...
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Chinese Experts to Help Cambodia Design Master Plan of Preah Sihanoukville Province
Chinese experts from the urban planning and design institute in Shenzhen city will start designing master plan for development in Preah Sihanoukville province, after a senior official explained that a master plan is important for the government which considers Preah Sihanoukville province as a multi-purpose economic zone. In a recent meeting with H.E Cham Prasidh, Senior Minister and Minister o...
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Increasing Capacity of Water Treatment in Sihanouk City Approved
Photo by Ministry of Public Works and Transport Inter-ministries have agreed to upgrade capacity of 4 wastewater treatments in Preah Sihanoukville province from 25,000 cubic meter to 30,000 cubic meter aiming to restore environment in the province. The upgrading of capacity of wastewater treatment is scheduled to be completed ahead of 2022, when Preah Sihanoukville province hosts ASEAN Summi...
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Luxury Branded Residences on Rise in Asia Pacific
The majority of branded residential projects currently under construction globally, equaling 27%, are now located in Asia Pacific, according to a new Savills report. 120 completed, operational branded residential schemes are located in Asia Pacific with Thailand having 6% of schemes globally, making it the world's third biggest country market. Bangkok is one of the world’s biggest urban markets...
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Malaysia’s East Coast Rail Link to Proceed After Costs Slashed
After cancelling the Chinese-sponsored East Coast Rail Link in February 2019 due to concerns about the huge price tag, the Malaysian government has announced work will restart after costs have been slashed by US$5 billion. The first two phases of the 688km rail link will cost about $10.6bn, rather than the original estimate of $15.9bn, according to a statement from the office of Prime Minister ...
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