Japanese, Singaporean Firm to Jointly Establish First Transit-Oriented Mixed-Use Development in Jakarta
Photo credit to GCR Japanese firm Mitsubishi and Singaporean state-owned developer Surbana Jurong will jointly establish the first transit-oriented mixed-use development in Jakarta, Indonesia, according to the Global Construction Review recently. The project will be developed on an area of 6 hectares of land connected to Cisauk Train Station in the Intermoda district of Bumi Serpong Damai (B...
Read MoreCambodia, Japan Officially Sign Construction Contract for Choeung Ek Wastewater Treatment Plant
The Phnom Penh Department of Public Works and Transport (DPWT) and Kubota Metawater Joint Venture officially signed a construction contract on Tuesday 20 April for a large-scale wastewater treatment plant at Choeung Ek Lake in the southern part of Phnom Penh. Construction is expected to begin by the end of the month. The signing ceremony came after Japanese private firm Kubota Metawater Joint V...
Read MoreTop Five Green Buildings of 2021
Photo credit to Procore Since climate change has become one of the major issues of our world, architects around the world are turning their designs into innovative, eco-friendly, and green buildings. US construction project management software firm Procore Technologies, Inc. has listed their top five innovative green building in 2021: Valley in the Netherlands This project is designed by ...
Read MoreWhy Don’t We Build the World’s Largest Solar Farm in the Sahara Desert?
Photo: Aerial view of a large concentrated solar power plant. Novikov Aleksey/Shutterstock. Credit to the conversation. Renewable energy from solar panels has now become one of the most popular energy alternatives. However, solar farm require large space and strong light. So, why don’t we build a large-scale solar farm on the world’s largest desert in the Sahara? The Sahara Desert is the lar...
Read MorePhnom Penh’s Largest Wholesale Fresh Market Moved to Kandal for COVID-19 Safety Measures
After hundreds of people were found to be COVID-19 positive in Phnom Penh, the Phnom Penh authorities have decided to close down Phnom Penh’s largest wholesale fresh market Psar Deumkor for 14 days and temporarily moved all the stalls to a new location in Kandal province. According to the Phnom Penh municipality announcement on 18 April, the new location of this market is on the Kandal football...
Read MoreGov’t Approved Over US$7.7 billion in Construction Projects During 2020, Down by 32% Y-o-Y
A recent report by the Ministry of Economy and Finance has shown that the value of approved construction projects during 2020 was recorded at US$7.7 billion, down 32% compared to 2019. The report added the total area of the approved projects is about 17 million square metres, which was also a decrease of 27%. The ministry did not specify the total number of projects approved but forecasted t...
Read MoreUS$160-million Morodok Techo Stadium Almost 100% Complete
Construction of the US$160-million Chinese-funded Morodok Techo Stadium is almost 100% complete and is expected to be finished next month despite the recent surge in the COVID-19 community outbreak. The stadium is being built by China State Construction Engineering Corporation on an area of 94 hectares in Sangkat Prek Ta Sek of Russey Keo district. With ground broken in April 2017, the stadi...
Read MoreGov’t Approves Three Major Investment Projects Worth Approx. US$8 Million
The Council for the Development of Cambodia (CDC) has recently approved three major investment projects worth approximately US$8 million in Phnom Penh, Kandal and Kampong Speu. The first permit was given to Vanzel Printing & Packaging (Cambodia) Co., Ltd, which will invest US$2.1 million to build a garment and printing accessories factory along NR3 in Kandal Steung district, Kandal province...
Read MoreNew Zealand Firm Unveils Tyres-to-Cement Production Technology
A New Zealand construction company Fletcher Building has recently completed a study to divert used tyres from landfill to cement manufacture, which could help reduce carbon emissions by over 13,000 tons per year. According to the Global Construction Review's report on 1 April, the company will burn a total of 3 million used tyres a year at 1,400 degrees Celsius for cement production. The fir...
Read MoreSeven Expressways Worth US$6.5 Billion to Boost Logistics Network in Mekong Delta Region
At least seven expressways with a total length of over 1,000 km are gradually emerging on the Mekong Delta region in the next 5 to 10 years, marking another major infrastructure that regional logistic system. According to Vietnam VnExpress, those seven projects include: 1. Trung Luong-My Thuan Expressway Project The project has a total length of 51 km and is being built with an investmen...
Read MoreComparing Two Types of Real Estate Business Licenses in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or long-term leasing must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential development building apartments and villas for sale, 2) co-ownership building bus...
Read MoreGov’t to Collect VAT on Online Business
The Generation Department of Taxation (GDT) announced on 13 April that it will begin to collect value-added tax (VAT) on all online businesses soon, while the detailed procedures are set to be announced later. This announcement is made following the new sub-decree issued on April 8, which states that the tax will be applied to all digital trading businesses, even with or without permanent addre...
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