Business and Market
KrisEnergy Receives Loan to Secure Scheduled Oil Extraction in Cambodia
KrisEnergy has reached a loan agreement with Kepinvest Singapore to secure oil extraction offshore of Cambodia as planned before the end of this year. According to the firm’s recent announcement, the US$87-million loan will be divided into two parts, with US$30 million to be used for facility A and another US$57 million to be used […]
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Advertorial: ISI STEEL Offering Over 600 Rewards Every Month
ISI STEEL is offering over 600 rewards every month via a scratch-to-win program for customers who purchase ISI PALM, ISI PIPE and ISI STEEL. Those who purchase any of the two products to a value of US$200 upward will get a scratch-off lottery ticket, valid from today until the rewards are out of stock. The […]
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Hyatt Regency Phnom Penh GM Confirms Q1 2021 Opening Date
Hyatt Regency Phnom Penh General Manager Herman Kemp has confirmed that the hotel will finally open in the first quarter of 2021, after a period of delay due to the impact of the COVID-19 pandemic. According to Mr Kemp, as of today, the construction is 100% complete, and currently, the team is working on all […]
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GDT to Strengthen Property Tax Collection Amid 3.5% Tax Revenue Growth in Q3
The General Department of Taxation (GDT) will continue to strengthen property tax collection. This news comes as tax revenue in Q3 2020 has risen to over US$2 billion, according to the GDT quarter report on 12 October. The tax revenue collected by GDT has reached US$2.2 billion or equal to 78.1% of the annual plan. […]
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Cambodian Cultural Village in Siem Reap to Shut Down Next Month
The Cambodian Cultural Village Resort will completely shut down in early November following months due to no tourists following the COVID-19 pandemic. A statement issued on 11 October by the management team said that due to the spread of COVID-19 in recent months, the number of visitors has dropped dramatically and posed severe economic and […]
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Ground Broken on US$290 million Aeon Mall 3
Japanese firm Aeon Mall (Cambodia) Co Ltd broke ground on the morning of 07 October on its third mall located long Hun Sen Blvd in south Phnom Penh, after its success with the first and second malls in Cambodia. The ground-breaking ceremony was presided over by Phnom Penh Governor HE Khuong Sreng and Aeon representatives. […]
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Bentley Systems Announces Finalists in the Year in Infrastructure 2020 Awards Program
Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, has announced the finalists in the Year in Infrastructure 2020 Awards program. The annual awards program honours the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. […]
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Developments with Easy Access More Alluring to Investors
By Eric Wong Chon Lap Cambodians are demanding more and better homes. As a result, urban developments such as units, semi-detached houses, townhouses and shophouses within the Phnom Penh vicinity are becoming an appealing investment option. Units, semi-detached houses, townhouses and shophouses in Phnom Penh’s primary market have seen prices go up. This upward trend […]
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US Firms Mull Exporting Infrastructure Components to Cambodia
Large US firms are considering exporting components and equipment used for infrastructure development to Cambodia, according to a meeting between those firms and the Ministry of Mines and Energy last week. Those US large firms include Chevron, ConocoPhillips, Amazon, Bell Texton, Ford, and Visa. During the meeting, the firms are also planning to invest in […]
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Telegram Group to Promote CCA Members’ Business Profiles
The Cambodia Constructors Association (CCA) is launching a new Telegram group to raise the business profiles of its members amid the pandemic. CCA Secretariat General Manager Mr Chhiv Sivpheng said that during the COVID-19 pandemic, the association is trying its best to help its members by creating a Telegram group. “The member can submit the […]
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