Cambodia’s Construction Investment in First 8 Months of 2020 Decreased by 15%
The total estimated investment capital of construction projects approved by the government in the first eight months of 2020 was approximately US$5 billion, down by 15.1% compared to the same period in 2019, according to a report of the Ministry of Economy and Finance. The report also stated that though the investment decreased, the number […]
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How the Hospitality Industry Recovered with the Participations of Domestic Travellers
By Eric Wong Chon Lap Cambodia is a country with full of festivals, holidays and celebrations. After months of staying home following the COVID-19 outbreak, domestic demand for travel has exploded which can be seen with the recent Pchum Ben holiday where the easing of restrictions became the first sign of recovery for Cambodia’s hospitality […]
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Singapore Launches Track & Trace for Construction Workers
In an effort to halt the spread of COVID-19 among the mostly foreign construction workforce in the country, Singapore started distributed 450,000 contact-tracing tags on 18 October to all construction, shipyard and process industry workers. The workers wear the water-resistant tag on their wrist so any worker who comes into close contact with them can […]
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Groundbreaking on 38-Road Renovation Project in Siem Reap City Delayed
The groundbreaking ceremony of the 38-road construction in Siem Reap, which was previously scheduled to be held in mid-November, has been delayed due to revised COVID-19 restrictions. The delay is mainly due to the fact that PM Hun Sen started his self-quarantine after being in contact with the Hungarian foreign minister who tested positive for […]
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How Developers Thrive for Survival After the Market was Hit Hard
By Eric Wong Chon Lap Property developers are thriving for survival after the market was hit hard by circumstances such as the oversupply of residential units in the market, the outflow of foreign investments and the COVID-19 pandemic. Promotional campaigns became a necessity when the desired sales rates faded away. As a result, developers are […]
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Japanese Firm Mulls Building Waste-to-Energy Plant in Cambodia
A Japanese firm is considering establishing a waste-to-energy plant and liquefied natural gas (LNG) storage stations in Cambodia, according to Japan Ambassador to Cambodia HE Mikami Masahiro. The investment project was raised in a meeting between Minister of Mines and Energy HE Suy Sem and Japan Ambassador HE Mikami Masahiro on November 4, 2020. HE […]
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Cambodia, Hungary Sign Air Transport Agreement
The Cambodian and Hungarian governments have signed a bilateral aviation transport agreement to facilitate the air transport of goods and passengers between the two countries. The agreement was signed on the afternoon of 03 November between Minister in charge of State Secretariat of Civil Aviation (SSCA) Mao Havannall, and Minister of Foreign Affairs and Trade […]
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PM Hun Sen to Break Ground on Siem Reap 38-Road Renovation Project on 16 November
Prime Minister Hun Sen will preside over the ground-breaking ceremony of the Siem Reap 38-road renovation project on 16 November, according to the results of the ministerial meeting on 03 November. Minister of Public Works and Transport HE Sun Chanthol said in the meeting that as of 03 November, plenty of necessary work such as […]
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Four Key Strategies Making Tourism City a Worthwhile Investment in Siem Reap
Despite the COVID-19 pandemic, the construction of Tourism City by the OCIC group in Siem Reap is moving ahead as scheduled. Simultaneously, the project remains a high potential real estate investment target in Siem Reap, proven by continuous support from customers since the first launch in 2017 to phase 9 as of today. Sales Manager […]
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What are the Procedures to Register Private Units in Co-owned Buildings?
The term ‘co-owned building’ refers to a building or construction in which many co-owners live together, such as condominiums, attached houses, detached buildings, semi-detached buildings, and other kinds of buildings with a shared structure. Given the multiple owners, the procedure for registering ownership is also different from normal property registration. What are the procedures to […]
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10% of Hotels in Siem Reap Open, Yet to See Profit
Around 10% of hotels in Siem Reap are now open for operation, however, none of them are able to earn a profit, according to the president of Hotel Association of Cambodia, Siem Reap Branch. David Jaya PIOT, President of the Cambodian Hotel Association in Siem Reap, was quoted in AKP on 27 October that due […]
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OCIC Mulls Building Expressway from New Phnom Penh Airport to City Centre
Overseas Cambodia Investment Corporation (OCIC) is considering building an expressway connecting its new Phnom Penh International Airport in Kandal province to central Phnom Penh to help ease travel after the airport’s completion in 2023, according to the spokesman for the State Secretariat of Civil Aviation. Spokesman of State Secretariat of Civil Aviation HE Sin Chansereyvutha […]
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