RMA Launches Mahindra RoadMaster G90 and JCB 3DX with Special Discounts
RMA Cambodia has launched the Mahindra RoadMaster G90 and the JCB 3DX, affordable yet effective machinery that can help raise standards of infrastructure construction in Cambodia to another level. Held on 23 September at Himawari Hotel, the launch event was presided over by RMA Cambodia CEO Ngorn Saing and was joined by Mahindra Export Manager […]
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ADB Revises 2020 Cambodia Growth Forecast Upward, Construction Sector Still at Risk
The Asian Development Bank (ADB) recently re-forecast Cambodia’s economic growth to rebound to 5.9% by 2021, yet the construction and garment sectors remain at risk. The Asian Development Outlook (ADO) 2020 Update also projected that due to the COVID-19 pandemic, Cambodian GDP would drop by 4% in 2020, which is better compared to the previous […]
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Telegram Group to Promote CCA Members’ Business Profiles
The Cambodia Constructors Association (CCA) is launching a new Telegram group to raise the business profiles of its members amid the pandemic. CCA Secretariat General Manager Mr Chhiv Sivpheng said that during the COVID-19 pandemic, the association is trying its best to help its members by creating a Telegram group. “The member can submit the […]
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Thailand Leads ASEAN Smart Cities Initiative
At the ASEAN 2019 Summit prior to the emergence of the COVID-19 pandemic, member nations discussed harnessing technology to achieve sustainable security and development and boost connectivity and cooperation. At the summit, Thailand presented the Eastern Economic Corridor (EEC) initiative with its 4.0 economic blueprint aiming to convert three provinces into smart cities and ultimately […]
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Indonesia’s New Capital On Hold Due To COVID-19 Impact
Photo by: Get About Asia Indonesia’s multi-billion dollar plan to develop a new capital city on the island of Borneo have been formally put on hold as a result of the economic impact of COVID-19. Indonesia’s Minister for National Development Planning, Suharso Monoarfa, told Reuters on 19 August that “We putting as our number one […]
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Australia Supports World’s Biggest Solar Farm to Power Singapore
The Australian government has approved in principle construction of the world’s biggest solar farm in Australia’s Northern Territory (NT) with the electricity to be sent via a 3,700-km-long undersea cable to provide 20% of Singapore’s annual power needs. The US$15.7 billion, the 12,000-hectare solar farm will big enough to be visible from space, according to […]
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Win-Win Memorial Parks 94% Complete
The Win-Win Memorial Parks project is now 94% complete and is scheduled for full completion in November, further to a site inspection by General Commissioner of the National Police General Neth Savoeun on 22 September. The completed parts include the construction of the foundations, the structure of the memorial, the decoration with Khmer traditional styling, […]
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Cambodia Constructors Association Urges Government to Cut Construction Permit Red Tape
The Cambodia Constructors Association (CCA) and private firms in the construction and real estate sector have urged the government to cut some of the complicated and unnecessary procedures when applying for construction permits to attract new investors and ease the business environment in Cambodia. The proposal was made during a meeting between the Ministry of […]
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30-megawatt Solar Power Plant in Pursat Goes Online
A 30-megawatt solar power station in Pursat province has started generating power to the national grid, while three other approved projects are set to generate power by late 2020. Located in Krakor district, the project was approved by the government in April last year, and implemented by Schneitec Infinite Co Ltd with an investment value […]
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US$17 million Steel Recycling Plant to Open in Kampong Speu
A steel-processing plant, which uses recycled steel and metal scraps to produce finished steel products, is soon set to open in Kampong Speu province to help contribute to domestic supply and reduce steel imports. Located in Oudong district, the US$17 million project is to be an investment by Chinese firm Hong De Sheng (Cambodia) Steel […]
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US-China Fight over Union Development Group Could Harm Cambodia’s FDI and Real Estate Market
Economists, analysts, and real estate experts are concerned that the geopolitical fight between US and China over the Union Development Group (UDG) in Cambodia could hurt Cambodia’s Foreign Direct Investment (FDI) and real estate market, especially in Koh Kong province. On 15 September, the US Treasury Department issued a statement imposing sanctions on the UDG […]
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Myanmar Divides “New Yangon” To Generate Investor Competition
Photo by UK-ASEAN Business Council The government of Myanmar has divided its “New Yangon City” commercial development project to generate competition against the giant Chinese-government backed contractor responsible. New Yangon City was planned as an 8,100-hectare industrial-commercial zone on the Yangon River costing around US$8bn. Conceived by Aecom, two bridges, a 13-sq-km industrial estate and […]
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