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ខ្មែរ Business and Market
US$8bn Deal Creates Largest Real Estate Group in Asia
- 23 March 2019
Photo: Yahoo finance Singapore-based real estate developer CapitaLand announced in January that it had reached an agreement with Temasek to purchase Ascendas-Singbridge Pte Ltd in a deal worth US$8bn that would create the largest diversified real estate group in Asia. Ascendas-Singbridge manages three listed trusts, Ascendas Reit, Singapore’s first industrial and business space trust; Ascend...
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Government to Construct New Airport in Mondulkiri or Ratanakiri
- 22 March 2019
Photo by Facebook Page Samdach Hun Sen The government plans to build a new airport in either Mondulkiri or Ratanakiri, according to Prime Minister Samdech Techo Hun Sen. Speaking at the groundbreaking ceremony of the Phnom Penh-Sihanouk Expressway on 22 March 2019, Samdech Techo Hun Sen said the government is studying and examining the feasibility to construct a new airport in the northeast ...
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Singapore Looks to Assist Cambodia With Construction Techniques
- 21 March 2019
With construction techniques one of the factors that will help drive Cambodia’s booming construction industry, Singapore is keen to help guide the sector in the kingdom. On 20 March 2019, H.E Ambassador of Singapore to Cambodia and representatives of a Singapore company met with H.E Lim Sidenine Secretary of State of Ministry of Public Works and Transport (MPWT) to share experiences on long-las...
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PP-SHV Expressway is CCRBC’s Biggest Project Worldwide
- 21 March 2019
Photo by Samdach Hun Sen Facebook Page With the groundbreaking ceremony approaching, the developer of Phnom Penh-Sihanouk Expressway has said that this project is the company’s largest, according to the official Facebook post of the Cambodian Prime Minister. Mr Weng Gang, Vice Chairman of China Road and Bridge Corporation (CRBC), constructor of the project, told Prime Minister Samdech Techo ...
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Cambodia Recommends Kampong Chhnang Airport as Alibaba Logistics Hub
- 20 March 2019
Photo by Adventures of a Regular Guy Cambodia has asked 4PX Express of Alibaba Cainiao Logistics Group to consider selecting Kompong Chhnang Airport as logistics hub as part of the cross-border e-commerce trade within the Cambodian marketplace. Speaking during the meeting with the company on 18 March 2019, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) H.E ...
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New Market Trends in Phnom Penh’s Office Properties
- 18 March 2019
Amidst the slow growth of property markets across Southeast Asia apart from Thailand and the Philippines, the office market in Phnom Penh continues to remain strong with steady demand. Both demand and supply continue to be on a positive trend. As a result, landlords have enjoyed an increase in rental rates. Office spaces in Phnom Penh continue to sustain growth, amidst moderate levels of vacanc...
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Measures Set for Hotels, Restaurants and Construction
- 16 March 2019
The government, through the National Committee for Cambodia Bay Management and Development, is setting out measures for hotels, restaurants and construction in Sihanoukville, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) on 25 March 2019. During an inspection trip to Sihanoukville province, the committee told all hotels, restaurants and construction to in...
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Japan Provides Jpy100 Million for Home Restoration in Tbong Khmum
- 7 March 2019
The Japanese government and the United Nations Human Settlement Programme (UN-Habitat) have signed an exchange note on house restoration for Cambodians living in Tbong Khmum province. On 06 March 2019, Japanese Ambassador to Cambodia H.E Hidehisa Horinouchi and UN-Habitat Cambodia representative Mr Sok Vanna signed the house restoration agreement for Cambodians living in Tbong Khmum province wh...
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Oknha Pung Kheav Se Pledges to Finish New Airport Before Turning 87 Years Old
- 5 March 2019
Picture by Ministry of Land Management Urban Planning and Construction (MLMUPC) Renowned investor in Cambodia Neak Oknha Pung Kheav Se has committed to finishing construction of the new Phnom Penh International Airport before turning 87 years old, marking another major achievement of him for Cambodia. Neak Oknha Pung Kheav Se, Chairman of the Board of Directors of Canadia Bank and Overseas C...
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Scmp: Dara Sakor Seashore Resort is for Chinese Tourists or Chinese Military?
- 5 March 2019
Source: South China Morning Post After an article entitled ‘Is Cambodia’s Koh Kong project for Chinese tourists – or China’s military?’ was published by renowned media outlet, South China Morning Post (SCMP), on 05 March the question has become a controversial topic among domestic and international readers. The article has raised questions as to whether the analysis is true and over the futu...
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