Three provinces chosen to be secondary urban tourism destinations
The Ministry of Tourism in partnership with the French Development Agency (AFD) has selected three provinces, namely Kampot, Battambang, and Kratie, to be secondary urban tourism destinations, with the aim to reduce congestion in main tourism destinations and to develop sustainable tourism in Cambodia. The commitment to develop the three provinces was agreed at a meeting between the two parties...
Read MoreNew Road Maintenance Technology Called Cold in Placed Recycling Introduced to Cambodia
A new road maintenance technology called cold in placed recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of...
Read MoreWhy offering Social Media Only Marketing Solution is not sufficient without Video Filming?
Social Media ONLY Marketing Solution is insufficient because 1. It is difficult to attract the right leads today even money is spent for leads which will not even bother to reply with a “Likes” or “Share” 2. Fewer people have the Time to read long copies anymore today, we recorded up to an astonishing 86% drop in people scrolling to the midway point in a few of our landing page copies within the...
Read MoreWill the increase in China’s domestic property developer bankruptcies affect Cambodia construction sector?
The 50 percent rise of bankruptcy rate among the home developers due to the economic slowdown in China this year has caused a controversial question whether or not it would affect the Cambodian construction sector since a large portion of the investment within this sector is the investment from China. Due to restrictions on borrowing in China, 274 homebuilders have filed for bankruptcies this y...
Read MoreNew road maintenance technology called In-Place Recycling introduced to Cambodia
A new road maintenance technology called In-Place Recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of the s...
Read MoreRents to climb in Phnom Penh office market as new supply comes online
The property market in Phnom Penh will keep growing, just as office rents have risen consistently over the past five years despite the continuing increase in the number of office spaces available in Phnom Penh. The market today is still on the rise. Until now, there are no risk factors for the next dip. Currently, low levels of vacancies for Grade B and Grade C office spaces have led to an impr...
Read MoreMorgan Group ground breaks its mega multipurpose project in Sihanoukville
China-based developer Morgan Group on 31 July had ground break its mega multipurpose project in Sihanoukville amid booming construction investment in the city. With an unclose investment capital, Ever Asend Development Co.Ltd , a subsidiary of China-based developer Morgan Group, has begun construction of its multipurpose project called the Morgan The Pure Bay with a total construction area of 4...
Read MoreAsset Management – A course to help us to understand the importance of assets
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. In real estate, assets can cover infrastructure, property, land, buildings etc. (RICS 2012) Under-ma...
Read MoreUS$21.2 million in projects approved across three provinces
The Council for the Development of Cambodia (CDC) approved four investment projects across three provinces on 31 July with a total investment value of more than US$21.2 million, adding more than 1,500 jobs to the market. The Prestige Hospital Co., Ltd, was permitted to build its 100-bed world class hospital in Sangkat Tonle Bassac Khan Chomkamorn, Phnom Penh. With an investment of US$7 million,...
Read MorePM Calls On Land Ministry To Review Construction Permit Process
In response to the complaint of the slow process in obtaining construction permits, the Cambodian Prime Minister on 29 July called on the land minister to review the process. “Some construction sites work illegally because officials refused to approve them [construction permit], so [land minister] needs to look at this,” Prime Minister Samdech Techo Hun Sen said at the Morodok Techo National St...
Read MoreCDC approved US$36 million construction material investment in Sihanoukville
The Council for the Development of Cambodia (CDC) on July 29 approved six construction material investment projects in Sihanoukville with totaling investment value of more than US$36 million. Located mainly in the Sihanoukville Special Economic Zone (SSEZ), the total six projects expected to generate 1,838 jobs using an investment capital of US$36.2 million. TB Flooring (Cambodia) Co.,Ltd, w...
Read MoreDemand for industrial developments increase as Chinese manufacturers shift production overseas
Industrial zones have reported that demand has increased from Chinese manufacturers looking to relocate to Cambodia, due to the US-China trade war that has resulted in products made in China having higher tariffs. As a result, industrial developers are getting enquiries from Chinese companies that want to switch their manufacturing base from China to Southeast Asia and Cambodia has become one of t...
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