39-storey building slated for Chbar Ampov district
A US$1 billion 39-storey commercial building is planned to be constructed in Nioth commune, Chbar Ampov district, on the east of Bassac River opposite Koh Pich City. Construction on the Vue Aston building is set to start by the end of 2019 and will be completed by 2022. The building is joint venture between Sino-Cambodia […]
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New seminar presents coating technology for industrial and construction
Around 70 participants attended a presentation on new technology for the industrial and construction coating products delivered by industry experts from Thailand, Malaysia and Singapore at the Great Duke Phnom Penh Hotel. On 14 September, NCS Global Coatings (Cambodia) Co., Ltd held a seminar focus on the solution to solve problem for industrial and construction […]
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Hilton to open its first hotel in Phnom Penh by 2022
Hilton has recently signed a management agreement with real estate firm GFC to open the first Hilton hotel in Phnom Penh by 2022, according to a report in TGG Asia. Located 9 kilometres from Phnom Penh International Airport, the Hilton Phnom Penh will be a mixed-use development comprising of 280 guest rooms. The property will […]
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China Decorative Association seeking investment opportunities in Cambodia
The China Association of Decorative Building Materials (CADBM) met with the Cambodia Constructors Association (CCA) on 12 September to study investment opportunities within the construction market in Cambodia. Based in Zhejiang region, the China Association of Decorative Building Materials (CADBM) is a group of Chinese firms operating businesses manufacturing construction materials, ceramic tiles, and decorations. […]
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Sihanouk International Airport to be able handle 10 million passengers
Cambodia Airports will upgrade the capacity of Sihanouk Airport to be able to handle 10 million passengers per year through their master plan on expanding overall terminal building capacity. The master plan for terminal expansion was approved by the State Secretariat of Civil Aviation on Thursday in a meeting between H.E. Mao Havannall, Minister in […]
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Collection of stamp duty on property transfers increases by 60%
The General Department of Taxation has collected almost US$2 billion in tax revenue over an eight-month period with stamp duty on property transfers seeing the sharpest increase. According to a GDT press release dated 12 September, the department collected US$1,952 million, achieving about 85.33% of the national plan. This shows an increase of about 29.89% […]
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Cambodia inks deal with Laos on the 2900-megawatt power purchase
The Cambodian government has inked a deal with the Laos government to purchase a total of 2,900 megawatts of power to fulfil the current shortage of electricity as well as to reduce the cost of electricity in the future. Signed by Cambodian Prime Minister Hun Sen and Laos Prime Minister Thongloun Sisoulith, the agreement includes […]
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Cambodia, Thailand agree to resume OCA talks
After nearly two decades of hiatus, Cambodia and Thailand have agreed to resume talks on development of their overlapping claims area (OCA) on offshore oil fields, on the principle that it should be developed based on mutual interests. The agreement to resume talks was made in a meeting between the Cambodian Ministry of Mines and […]
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Malaysia to introduce strict new construction safety regulations
Following three serious construction site incidents since June, Malaysia’s Department of Occupational Safety and Health (DOSH) will introduce strict new rules holding developers and designers responsible for safety, not just contractors. Four workers died in June when a retaining wall collapsed at a resort construction site, four more were injured when a platform collapsed in […]
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Japan leads China in SE Asian infrastructure funding
Despite China’s deep pockets and high-profile infrastructure projects in SE Asia via its Belt & Road Initiative, Japan continues to outspend its neighbour on large-scale regional projects. According to data gathered by Fitch Solutions and reported in Bloomberg, Japanese-backed projects in Southeast Asia’s six biggest economies – Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam – […]
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Cambodia economy gets boosted with US$2.7 billion airport investment
Along with steady economic growth, Cambodia needs billions of dollars in investment to improve its aviation sector to help facilitate trade as well as accommodate the 15 million air passengers expected to enter the country by 2030. While improving the aviation sector is part of the government’s plan to push the country to become an […]
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New national fire safety systems code launched in Cambodia
The General Commissariat of the National Police and the National Quality Inspection Centre for Fire Safety Systems has recently launched a new national fire safety systems code to protect occupants and properties by imposing technical standards. The new code entered into force on 12 August and introduced to the public at the 09 September seminar […]
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