Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
Many business executives have suspended their projects for fear of themselves of their workers being affected by the spread of the COVID-19 pandemic, which remains a serious threat to global health with no certainty when it will be resolved. However, as an outstanding real estate investor in Cambodia, Dr Kim Heang continues to develop his […]
Read More
New Flyover at Kbal Thnal area officially opened for official use
Kbal Thnal Flyover connecting Monivong Boulevard to Norodom Boulevard will open for public use from May 1, 2020, onward to address traffic congestion in the Kbal Thnol area. According to the official website of the Ministry of Information on 30 April 2020, Mr. Met Measpheakdey, spokesperson for Phnom Penh City Hall, said that “This new […]
Read More
CBRE: Office rental rates on downward trend from Q2
Occupancy rates of office rental business began to decline from April after remaining robust in Q1. Meanwhile, new rental rates will also begin to decline towards the end of the year, after initial upward movements only a month before the COVID-19 eruption. The dropping trend in rent rates is likely to reverse the increasing supply […]
Read More
MPWT holds technical training on National Road 2 & Road 22 renovation for young engineers
The Ministry of Public Works and Transport (MPWT) held a technical training on the National Road 2 and Road 22 renovations for 10 young engineers to improve their knowledge on how to conduct technical inspections and project site coordination, according to a post on the Ministry of Public Works and Transport (MPWT) Facebook page on […]
Read More
The northern section of National Road 5 renovation 80.02% complete
The renovation of the northern section of National Road 5, also known as ASEAN Highway 1, from Battambang to Serei Sophoan, is 80.02% complete. The central section part from Thlea Ma Om to Battambang is 14.90% complete and the southern part from Preak Kdam to Thlea Ma Om is 23.90% complete as of 24 April […]
Read More
CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing […]
Read More
Chinese researchers: Service industry hugely affected, after nine infected with COVID-19 via air-conditioning
Chinese researchers have announced that nine people from three healthy families have been found to be infected with the COVID-19 virus after sitting at tables next to an infected person while dining in a windowless restaurant in Guangzhou, China. They have theorized that the air-conditioning in the restaurant could have blown the viral droplets from […]
Read More
Singapore converts Changi Exhibition Centre to the community isolation facility
Singapore has converted the Changi Exhibition Centre into a community isolation facility to treat COVID-19 patients, as the country becomes Asia’s most infected nation after China and India. A former Singapore Airshow venue, the Changi Exhibition Centre (CEC) is now being used as a community isolation facility with an indoor capacity of 33,000 square meters […]
Read More
Malaysian PM resignation signals concern for infrastructure projects
The shock resignation of recently-elected Malaysian Prime Minister Mahathir Mohamed has raised concerns over-scheduled though controversial major infrastructure projects. Among his first actions on becoming prime minister in 2018 was to cancel the Chinese-funded high-speed Singapore-Kuala Lumpur rail line and the MRT 3 Circle Line projects among concerns about the levels of debt incurred, estimated […]
Read More
Renovation completed of international standard Olympic Stadium swimming pool
The renovation of the international standard swimming pool at the Olympic Stadium, costing nearly US$3 million, has been completed. The statement was delivered by H.E. Sun Chanthol, Minister of Public Works and Transport and President of the Khmer Swimming Federation during the inspection of progress on construction of the swimming pool at the Olympic Stadium […]
Read More
CDC approves construction equipment factory project worth US$1 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently approved Mountain Moon Millwork Co., Ltd’s US$1 million investment proposal to build a construction equipment factory in Sihanoukville province. The Mountain Moon Millwork company is developing this furniture production factory to supply construction materials for the Cambodian market especially in Sihanoukville. […]
Read More
Korea approves request for an additional loan to upgrade National Road 48
The Korean government has approved a Cambodian request for an additional loan to rehabilitate National Road 48 and in preparation for signing an MoU on 24 April 2020 prior to the opening of public bidding. The agreement was announced at a meeting on the request for an additional loan for National Road 48 between representatives […]
Read More