Cambodia News
Solid economic growth and strong foreign investor demand are helping to drive Cambodia’s condo boom, but some worry it could lead to a glut Cambodia’s real estate market is heating up, especially in its capital Phnom Penh, with foreign developers from China, Singapore, Taiwan and Korea looking to expand their footprint in the fast-growing city. […]
Continue ReadingThe construction joint venture company formed by Vinci Group and Muhibbah Engineering (M) Bhd have secured a US$23mil (RM88mil) contract from Societe Concessionnaire De L’Aeroport. The joint venture consortium with a 70:30 equity interest will design and construct a new domestic terminal at the Phnom Penh Airport in Cambodia. In a filing with Bursa Malaysia, […]
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Passenger train services resumed in Cambodia on Saturday for a limited period following a 14-year suspension because of poor railway conditions. A train with nearly 200 passengers on board left Phnom Penh station at 7am for an eight-hour, 264-kilometre trip to a popular beach resort in the southwestern coastal province of Sihanoukville. John Guiry, CEO […]
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Ground has been broken on the Thai Boon Roong Twin Tower World Trade Centre, a project to build two 500m-high towers in the Cambodian capital of Phnom Penh. The scheme, whose value is reported by sources in the Cambodian media as either $2bn or $3bn, is to be built opposite NagaWorld, the country’s only casino. […]
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Cambodia, Laos and Myanmar are amongst ASEAN’s smaller economies, yet all different and facing different issues. Taken as a trio, their collective GDP performance is still less than that as China’s Yunnan Province, which lies to the north of Cambodia and Laos, and also borders with eastern Myanmar. Such statistics make interesting reading: Neither of […]
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Malaysian-owned Sunway Hotels & Resorts will spend $223 million in a redevelopment and expansion plan on its hotels in Malaysia, Cambodia and Vietnam within three years, according to Malaysian media. About $135.3 million of that will be used for new investments while the remainder will be spent on refurbishments and expansion. Sarena Cheah, the managing […]
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China National Heavy Machinery Corporation (CHMC) reached a contract with Cambodia’s state-owned Electricité du Cambodge (EdC) on Wednesday to build rural power transmission lines, which will cover 13 provinces. The contract was inked here between CHMC’s chairman Lu Wenjun and EdC director-general Keo Rattanak. According to a press release, about 85 percent of the nearly […]
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The Royal Group conglomerate has signed off on a $10 million loan from the Bangkok-based Export-Import Bank of Thailand (EXIM Thailand) for the construction of a five-star hotel and resort in Koh Rong Island. The $16 million Royal Sands Koh Rong project is a joint-venture between Royal Group, owned by media and telecom tycoon Kith […]
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Siemens has a strong focus on ASEAN, and under its local-for-local concept, the multinational firm seeks to answer customers’ power needs by mixing local resources with its proven international expertise. “Where the customer needs us, we are acting accordingly to build up our local resources,” said Markus Lorenzini, President & CEO Siemens Thailand, Myanmar & […]
Continue ReadingThai paint manufacturer TOA Paint (Thailand) plans to invest at least 1 billion baht (about $28.2 million) in three new factories in Cambodia, Myanmar and Indonesia, according to a report in Thai newspaper The Nation. Pongcherd Jemeekornkul, the president of TOA Paint (Thailand), told the paper that after establishing its sales representative offices and warehouses […]
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