Samdech Techo Hun Sen: Phnom Penh has doubled in size
With strong economic growth and rapid development projects across the city, Phnom Penh has doubled in size, according to Prime Minister Samdech Techo Hun Sen. Samdech Techo Hun Sen noted during the Cabinet Plenary Session held on 25 October that Phnom Penh has been developing fast and doubled in size while also pointing that garbage […]
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Asset Management – A course to help us to understand the importance of assets
By Pania Prak and Ngu Kea Yuan The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. […]
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Cambodia drafting port law
On 17-18 October, a workshop conducted by the Ministry of Public Works and Transportation in cooperation with the Japan International Cooperation Agency (JICA) and joined by the Phnom Penh Autonomous Port, Sihanoukville Autonomous Port and private port companies focused on the drafting of an effective port law. The port law would help gain more ship […]
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Is Cambodia retailing industry ready for the change in technology?
Retail suppliers will face a challenge of competitiveness with the innovation of technology. According to CBRE Cambodia, these smart inventions consist of self-checkout counter machines, real time product information and offers via smartphones, guiding customers in-store through location tracking, paying via mobile applications and cameras which have the ability to analyse customer behaviour. Currently, there […]
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Aluminium China and Lightweight Asia 2019 successfully concluded
ALUMINIUM CHINA 2019, held on 10-12 July 2019 in SNIEC together with Lightweight Asia 2019, ended successfully attracting 25,285 professional industry visitors and buyers from across 87 countries. The event showcased leading auto-aluminium brands committed to reducing the weight of next-generation Electrical Vehicles (EVs). As ‘mileage concern’ still puts off many potential consumers, reducing the […]
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CCA participates in Conmart-Expo in China to promote Cambodia’s construction industry
The Cambodia Constructors Associations (CCA) has participated in the Conmart-Expo in Guangzhou, China to promote Cambodia’s construction industry to exhibition visitors and potential trade partners. Conmart-Expo 2019, which was held on 01-03 August 2019 at the Guangzhou Pazhou International Convention and Exhibition Centre, focused on international trade, e-commerce, financial leasing, auction, repair & maintenance, remanufacturing […]
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More underground parking lots needed in Phnom Penh amid rapid growth in vehicles
More underground parking lots are needed in Phnom Penh amid rapid urban development and the rise in number of vehicles in the city, said Prime Minister Samdech Techo Hun Sen. Addressing Cambodia’s rapid development during a meeting with Cambodians residing in Switzerland in July, Samdech Techo Hun Sen said that Phnom Penh is currently facing […]
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Conglomerate Chip Mong acquires Grand Phnom Penh International City
One of Cambodia’s leading conglomerates Chip Mong Group has acquired the Grand Phnom Penh International City which is believed to be one of the largest property development projects in Phnom Penh. Grand Phnom Penh International City is a huge development project spanning across 260 hectares of land in Kmounh commune of Sen Sok district featuring […]
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Government approves US$22 million for Special Economic Zone projects
The Council for the Development of Cambodia (CDC) announced on its Facebook page on 16 October of its approval of several projects, including four projects related to the construction industry, with investment capital worth more than US$22 million and creating 1958 jobs in the Sihanoukville Special Economic Zone (SEZ). One project is a furniture factory […]
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Construction boom causes competition in home loan interest rates
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most […]
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US$6.4 billion invested into construction sector
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction […]
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Belt and Road Initiative book to enhance China – Cambodia friendship
The 11 October launch of the book ‘Belt and Road Initiative (BRI) and Its Implications for Cambodia’s Development’ is intended to enhance the friendship between China and Cambodia. Speaking at the launch event, Zuo Wenxing, a political counsellor of the Chinese embassy to Cambodia admired the group of scholars for making the book a reality. […]
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