CVEA to Increase Members in Sixth Mandate With Discount Strategy
The Cambodian Valuers and Estate Agents Association (CVEA) has successfully closed its fifth mandate and has announced an attractive strategy to increase its members. Newly-elected CVEA President for the sixth mandate Mr Chrek Soknim also announced a new 50% discount policy to attract companies and real estate agents to join the CVEA. “I will continue to increase the number of member to more...
Read MorePM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration. “W...
Read MoreUs$70 Million Adb Loan to Develop National Roads No. 1 and 6
The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from...
Read MoreCitizen across Cambodia can improve road quality through new mobile app
The Ministry of Public Works and Transport (MPWT) on 13 December, 2018 has created new history with the launch of new mobile app aimed at improving road quality across Cambodia. Called Road Care, this phone application is the world first road maintenance program created by Cambodians under the 100-day mission instructed by MPWT. This application enables citizen to participate in improving the q...
Read MoreEco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd
With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern ...
Read MoreADB to Help Cambodian Youth on Construction Skills
In a bid to help develop Cambodia human resources, the Asia Development Bank (ADB) has decided to continue providing additional assistance to Cambodian youth on several vocational skills, especially related to construction. The announcement was made on Facebook post of H.E Dr Ith Sam Heng, Minister of the Ministry of Labour and Vocational Training (MLVT), on 12 December, 2018. As quotedon the F...
Read MoreSingapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX). According to the announcement dated 11 December, 2018, PH One Development, a subsidiary of Hong LeaiHuat decided to terminate the sale and purchase agreement of the D'HotelSeaview ...
Read MoreUs-based Firm Submits Proposal for Affordable Housing Project in Cambodia
Affordable housing has become one of Cambodia's most important issues in addressing housing shortages, and the United Nations Development Programme (UNDP) recently laid out a design competition for a 3,000 unit affordable housing project for low-income factory workers. US-based architectural firm qastic lab has participated in the competition with a design concept that is suitable for the const...
Read MoreLand Plot Development Boom a Concern for Cambodian Economy
Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy. A recent World Bank report 'Cambodia Economic Update' highlights a concern for the financial sector in Cambodia with the buying and selling of propertyamong the issues raised. The report also pointed out the increases in both r...
Read MoreSewage System Project Supported by World Bank Loan Underway
Construction on a sewerage system project supported by a World Bank loan is in progress, according to the Ministry of Public Works and Transport (MPWT)'s Facebook page. On 6 December, 2018, the General Department of Public Works conducted a meeting attended by multiple relevant agencies regarding the provisions of connecting public drainage and the technical issues involved. As quoted on the...
Read MoreJapan Cooperates With and Challenges China Over Asia Infrastructure Influence
Japan and China have agreed to cooperate on the highly competitive railway infrastructure sector in the Asian region, while Japan has unilaterally pledged support for 150 projects in the region in a bid to curb Chinese dominance via its One Belt Initiative (OBI). The two nations plan to agree to enter into 20-30 joint ventures in the rail infrastructure sector, after the two nations have repeat...
Read MoreNew Chip Mong Factories to Boost Cambodia’s Industrial Sector
One of Cambodia largest conglomerates, the Chip Mong Group, has showcased its ambition to lift Cambodia’s industrial sector through the establishment of two new factories. On 7 December, 2018, Chip Mong Industries, a subsidiary of Chip Mong Group officially opened two new factories producing roof tiles and PVC pipes located in Dangkor District, Phnom Penh. The roof tile and PVC pipes factori...
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