CVEA President Chosen to Lead ASEAN Valuers Association Next Term
The Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has been chosen to be the next president of the ASEAN Valuers Association (AVA). Cambodia is also honoured to also be hosting the AVA congress meeting next year. Mr Chrek told Construction & Property Magazine that he and all the CVEA members are very […]
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Chip Mong Land Launches New Villa at the Landmark 60m Project with 8% Discount
Chip Mong Land has launched several new villa models at the Landmark 60m project with a discount of up to 8%. The launching ceremony will be held on 29-30 August 29 at the sales office of the Landmark project. Those new models include Villa King, Villa Queen II, Villa Queen B II; and the launch […]
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First Wellhead Platform of Apsara Oil Field Complete, Going Online This Year
The construction of the minimum facility wellhead platform (Mini-Platform) for the Apsara oil is completed, while the first oil production is expected to be within this year. According to KrisEnergy’s press release on 27 August, the company has completed the mini-platform for Cambodia’s maiden oil field in Indonesia on 25 August. This fabricated structure is […]
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Controversial China-backed Koh Kong Airport to Complete First Phase This Year
The massive controversial Dara Sakor Aiport Project in Koh Kong province is set to see completion of the first phase of construction by the end of this year. The announcement was made during a meeting between Minister of the Secretariat of Civil Aviation HE Mao Havanna and Chairman of the Board of Union Development Company […]
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AIIB & ADB to loan Philippines with US$750m loan to manage COVID-19 impacta
The Philippines has been offered a US$750 million loan from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) to assist the nation to kickstart its economy following a slump caused by the COVID-19 pandemic. The loan is intended to help the Philippines increase its testing program and provide support to affected […]
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Government Approves US$40 million Solar Power Plant in Banteay Meanchey
The Council for the Development of Cambodia (CDC) on 25 August gave the green light to Ray Power Supply Co., Ltd to invest US$39.8 million to build a 30-megawatt solar power plant in Banteay Meanchey province. Located in Russey Khang and Samrong Thom villages of Preah Net Preah district, the project is expected to create […]
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Exclusive Interview: IKO International’s Business Strategies in Cambodia
Roof shingle is an innovative technology in the field of construction or can be considered as a new product for Cambodia. Therefore, to provide knowledge related to this new field, Construction & Property Magazine’s reporter sat down and interviewed with a representative of IKO, a leading international firm specializing in roof shingles. Not only sharing […]
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Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Cambodia, Japan Discuss Port Development in Sihanoukville
Cambodia and Japan have recently discussed the development of new deep container ports in Sihanoukville, aiming to expand economic activities between the two nations. The project was raised for discussion during the two-day official visit of the Japanese Foreign Affairs Minister Motegi Toshimitsu in Cambodia on August 21-22. The discussion is timely given that Cambodia […]
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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Mekong Homes Unveils Affordable Housing Model
The Mekong Homes project by ISI Steel has launched a new affordable house model to fulfil the needs of small and medium land plot owners in Cambodia. Launched on 14 August, the event hosted real estate developers and microfinance partners from over 80 institutions who expressed optimism and plan to collaborate with Mekong Homes. Through […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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