JLL Forecasts Asia’s Hospitality Investment in 2022 to Rise by 80%
Hotel investment in the Asia Pacific will continue to recover in Q4 of 2022 and into 2023 with more investors pouring their capital into the sector at the highest levels since the COVID-19 pandemic, According to JLL’s Hotels & Hospitality Group’s Global Hotel Investor Sentiment Survey, global hotel investment is projected to rise by 80% […]
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Construction of Vietnam’s Largest Airport Set for Completion in 2025
The construction work on the runway for Vietnam’s largest airport Long Thanh is set to begin in December, almost two years after the project’s ground-breaking ceremony, reported GCR. Nguyen Van Hung, an official at the Airports Corporation of Vietnam (ACV), said tenders had been launched to find a contractor to build the airport’s runways, taxiways, […]
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ISI imports new JIS steel, vowing to contribute to Cambodia’s construction sector modernization
Cambodia’s leading and largest steel processing and distribution company, ISI Steel, recently imported a new type of steel known as ISI DEBA), which is manufactured under a Japanese Industrial Standard (JIS). The ISI DEBAR is globally recognized for its high quality and durability with SD295 and SD390 strength levels. The continuous import and production of […]
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MPWT: Major Kampot-Veal Renh Road Repairs Expected to Delay to 2024, Lacking Funding
The budget for the deep repair of the ‘forever-damaged’ Kampot-Veal Renh road has not yet been approved by China, confirmed Minister of Public Works and Transport HE Sun Chanthol, apologizing that the approval timeline could be in late 2023 or 2024. HE Sun Chanthol said during the expressway inspection on 22 September that the government […]
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WB Projects Cambodia’s GDP Growth at 4.8% in 2022, 5.2% in 2023
Cambodia’s GDP growth is projected to reach 4.8% in 2022. Traditional export-oriented growth drivers—especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture—continue to underpin the economic recovery, according to the World Bank’s forecast. In 2023, economic growth is expected to improve to 5.2%, supported by recovering domestic consumption as employment […]
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UK, Switzerland Jointly Developing Flying Robots to Build or Repair Skyscrapers
Researchers in Switzerland and the UK have developed flying 3D printing robots that can build and repair structures in difficult spots on skyscrapers or other danger zones. The drones are fully autonomous while flying but are monitored by a human controller, reports GCR. The fleet consists of “BuilDrones”, which deposit materials during flight, and quality-controlling […]
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PropNex Cambodia’s Grand Opening
On 23rd September 2022, PropNex Cambodia, a part of Singapore’s Number One Largest Listed Real Estate Agency, held its Grand Opening at Raffles Hotel Le Royal, Phnom Penh, Cambodia. With the belief in adding value and providing the best service, PropNex – led by a management team of visionaries has since been nurturing a group […]
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ADB Lowers 2023 Cambodia’s Economic Growth Forecast from 6.5% to 6.2%
The Asian Development Bank (ADB) has lowered Cambodia’s 2023 economic growth forecast from 6.5% to 6.2% given the slowdown in global growth, according to a recent publication issued on 22 September. Previously, ADB predicted that the Cambodian economy will grow by 6.5% in 2023 and 5.3% in 2022. The factors contributing to the growth are […]
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Gov’t Approves 75 New Non-SEZ Investment Projects Worth US$2.4 billion in H1 2022
From January to June 2022, the Cambodian government approved 75 private investment projects outside of special economic zones (SEZ) with a total investment of US$2.4 billion, an increase of 159.3% compared to the same period in 2021. These newly approved 75 projects created about 62,000 new jobs, an increase of 65.9%, according to a report […]
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PM Orders MPWT to Prioritise Subway Train in PP & High-Speed Railways
Prime Minister Samdech Hun Sen has ordered the Ministry of Public Works and Transport (MPWT) to speed up the progress of feasibility study and fund seeking for the subway train project in Phnom Penh capital as well as the project to upgrade two existing railways to high-speed lines. According to MPWT Minister HE Sun Chanthol […]
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Feasibility Study of New Waterway Connecting PP to Kep to be Finalised in November
The detailed feasibility study of a project to build a new water transport system along the Bassac River connecting Phnom Penh Port to Kep, Kampot, and Sihanoukville Ports is scheduled for completion in November. According to the speech of the Minister of Public Works and Transport HE Sun Chanthol on 21 September, after the study […]
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Phnom Penh-Bavet Expressway Scheduled to Break Ground in Mid-2023
The Ministry of Public Works and Transport (MPWT) will accelerate work to break ground on the construction of the country’s second expressway connecting Phnom Penh to Bavet by mid-2023. HE Sun Chanthol, Senior Minister of the Ministry of Public Works and Transport, provided the upgrade on the project on 21 September. “We have already signed […]
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