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ខ្មែរ Business and Market
Sen Sok Attracts Most Boreys While Chroy Changva Becomes Most Popular
- 9 April 2019
Among the 12 districts in Phnom Penh, Sen Sok district holds most borey projects while Chroy Changva district is becoming more popular, according to the first quarterly report by international real estate agent CBRE Cambodia issued on 09 April 2019. Among the four sectors studied, the landed property sector is becoming one of the main sectors for the property market with the report finding that...
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Cambodia, Thailand to Officially Open Railway Connection
- 8 April 2019
Sample photo by railwaygazette.com The rail lines between Cambodia and Thailand will be officially connected on April 22, increasing the facilitation of cross-border travel, logistics and trade by rail. H.E Sun Chanthol, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT), said that prime ministers of the two countries will attend the official inauguration cerem...
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Structure of Five-star Hyatt Regency Completed
- 8 April 2019
Photo by Facebook Page Chip Mong Group The building structure of the five-star Hyatt Regency hotel in downtown Phnom Penh has been completed, according to project developer Chip Mong Group. On 05 April, Chip Mong Group celebrated the topping off ceremony while announcing that the hotel is expected to be finished and welcoming guests in the first quarter of 2020. According to the company, ...
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Government Approves Three Electricity Plants
- 6 April 2019
Sample photo by GE.com The government approved three electricity projects on 05 April 2019 in Pursat and Kompong Chhnang provinces with an investment capital of more than US$347 million, according to the Government Spokesperson Unit. The government has permitted SPHP (Cambodia) Co., Ltd. to build the Pursat1 hydroelectric power plant which will have the capacity to generate up to 80 megawatt...
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Jakarta Plans 10-year Infrastructure Investment
- 5 April 2019
Sample photo by Fakhri Anindita Indonesian authorities have agreed on investing US$40bn over the next decade to improve the efficiency and livability of the capital Jakarta. The move comes ahead of Indonesia’s general election in April and is designed to relieve the notorious congestion in Jakarta. During the 1960s and 1970s, the capital saw massive growth but without adequate urban planning...
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Naga Secures Former White Building Land for Its New Us$4 Billion Project
- 5 April 2019
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019. According to the 29-page report, NagaCorp Ltd said that “the Group would expect to incur approximately US$3.8 billion to US$4.0 billion in capital expendi...
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ZHENG HENG (Cambodia) Co., Ltd and Cushman & Wakefield Sign Strategic Cooperation
- 5 April 2019
As a leader in the Sino-Cambodia Road Model for Economic Cooperation and with its key Dara Sakor Tourism "Belt and Road" resort project in Cambodia, ZHENG HENG (Cambodia) Co., Ltd held a signing ceremony for cooperation on project market research and land valuation with Cushman & Wakefield, one of the four leading global real estate consultants. The ceremony took place at the ZHENG HENG office...
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Cambodia Requests Australia to Provide More Funds for Electricity and Water Supply
- 4 April 2019
Photo by Facebook Hor Channarith The Cambodian government has asked the Australian government to provide more funds for electricity and water supply projects in Cambodia, according to the results of a meeting between the two sides on 03 April 2019. According to the Council for the Development of Cambodia (CDC), the meeting between H.E Chhieng Yanara, Minister Attached to the Prime Minister a...
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Cambodian and French Firms Team Up for Home Furniture Market
- 4 April 2019
Photo by Facebook Page Men Sam An Cambodia Deputy Prime Minister Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release. On 03 April 2019, both companies signed a memorandum of understanding as a trading partner at Raffles Hotel Le Royal Phnom Penh. Speaking...
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ASA joins forces with NEO to elevate Architect’19 as ASEAN’s Leading Expo, attracting over 850 Thai and international enterprises from 40 countries
- 3 April 2019
The Association of Siamese Architects under the Royal Patronage (ASA) and N.C.C. Exhibition Organizer Co., Ltd. (NEO) have announced their readiness in elevating Architect’19 to emerge as the leading exposition in ASEAN. This year, entrepreneurs from over 850 companies from 40 countries worldwide are showcasing over a thousand of their brands’ products, services and technology in architecture and ...
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