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ខ្មែរ Business and Market
Vietnam to Approve National High Speed Rail Link
- 27 March 2019
Sample photo by NWC Vietnam Consulting railway Final plans for a US$56bn high-speed rail link between Hanoi and Ho Chi Minh are expected to be approved by the Vietnamese National Assembly in 2019. The 1,137km-long high-speed link would reduce travel time between the two cities from 30 hours to five and a half. The project was rejected by the National Assembly in 2010, on the basis that US...
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Water and Electricity Shortages Due to Booming Construction
- 25 March 2019
The shortage of water and electricity across the country over the last few weeks is due to the sharp growth in construction, according to the government’s spokesperson unit. According to a press release dated 22 March 2019, the unit said that “this event [shortages] is due to the hot weather caused from changes in climate creating unusual water shortage combined with the sharp rise in consumpti...
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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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