Cambodia-russia Nearing Agreement on Building Nuclear Research Centre
Sample Nuclear Research Centre by Wikipedia Cambodia and Russia are planning to conclude a draft agreement on the construction of a Nuclear Research and Technology Centre located at the Institute of Technology of Cambodia, according to a press release by the Royal Academy of Cambodia on 23 August. The Department of Science and Technology of the National Council for Sustainable Development of...
Read MoreReal Estate Management Provider Inks Mou With Wing
Cambodia’s real estate management provider Capital Management Solutions (CMS) had signed a memorandum of understanding (MoU) with leading mobile payment portal Wing (Cambodia) Limited Specialised Bank to provide seamless payments solutions for its customers. Under the agreement which was signed on 22 August, CMS’s customers can now make their monthly rent, utilities and management fee payments,...
Read MoreCambodia Imports More Than Us$400 Million of Steel From Vietnam
Photo by Pxhere Cambodia has imported more than US$400 million worth of steel from Vietnam in the first seven months of 2018, according to figures released by Vietnam’s Ministry of Industry and Trade. Between January and July 2018, Vietnam’s steel exports to Cambodia total about 717 tons of steel worth US$462.73 million, which accounted for 37% of the total volume of steel Vietnam exported. ...
Read More3rd Asean Real Estate Network Alliance (Arena) Held in Cambodia
In a bid to expand the real estate business across Southeast Asia, the Cambodian Valuers and Estate Agents Association (CVEA) organised the ARENA 2018 convention and exhibition at the Sofitel Hotel Phnom Penh, Cambodia. Under the theme “How to run real estate companies in ASEAN”, the three-day (August 23-25th) event brought together almost 700 real estate salespeople, estate agent valuers, appr...
Read MoreMLMUPC Issues Executive Regulation on Road Layout
In order to ensure the safety and convenience of the public, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has issued an executive regulation on the road layout plan for pavements, pedestrian paths, and bicycle lanes across the country. The executive regulation was signed on 6 June, 2018 by H.E. Chea Sophara, Minister of MLMUPC. Under the regulation, the committee of ...
Read MoreGovernment to Rehabilitate Sre Ambel-koh Kong Road
Photo: MPWT's facebook In a bid to improve citizens’ access to and use of transport infrastructure, the Cambodian government plans to spend more than US$70 million to renovate National Road 48 linking Sre Ambel to Koh Kong Province, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). Speaking to reporters on 23 August, H.E Sun Chanthol said that ...
Read MoreKorea Studies Mekong River Bridge Construction
Sample / photo: Jax Stumpes Korea has expressed interested in the construction project for the bridge connecting Chroy Changvar to Svay Chrum in Lavea Em District, Kandal Province, according to H.E Vasim Sorya, a spokesman from the Ministry of Public Works and Transport (MPWT). Speaking with Construction &Property Magazine on 22 August, H.E Vasim Sorya said that representatives from Kore...
Read MoreGovernment Decentralises Issuance of Small-scale Construction Permits
In response to the increasing demand for housing construction, Deputy Prime Minister and Minister of Interior Samdech Kralahom Sar Kheng has issued a law by decentralising the authority to issue permits for small-scale construction projects. Dated on 16 August 2018, city, district and Khan administrative levels now have the authority to grant permission for housing constructions of a total size...
Read MoreKeller-Williams market entry to increase licensing requirements, raise tax revenues
To help ensure the sustainability and progress of the real estate sector, local firm Khmer Real Estate Co., Ltd. has acquired the right to franchise the world's largest real estate business, Keller Williams. This commitment was made by Dr Kim Heang, CEO of Khmer Real Estate who told Fresh News that, “all land agents in Cambodia will do business with property licenses and must pay tax to the gov...
Read MoreConstruction of High-rise Building Morgan Tower Kick-off
Photo by Skycrapercity Construction of Morgan Tower, a high-rise building located in the heart of the Diamond Island, Phnom Penh, began on Saturday 18 August, 2018. Backed by Chinese firm Morgan, the project is expected to cost US$160 million and feature a five-star hotel, offices, and other facilities. The tower will stand at 46 storeys and approximately 210 metres. The whole building is be...
Read MoreMLMUPC Minister Orders Shutdown on Recognition of Unregistered Property Transfers
Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has ordered the respective authorities to stop checking and certifying property transfer documents that have not been recognised by the cadastral office, according to a document obtained by Fresh News dated August 16, 2018. As stated in the document, the move came as a result of increasing numb...
Read MoreBentley Systems Announces Finalists
Bentley Systems, a leading global provider of comprehensive software solutions for advancing infrastructure, has announced the finalists in the Year in Infrastructure 2018 Awards program. The annual awards program honours the extraordinary work of Bentley users advancing infrastructure design, construction, and operations throughout the world. Twelve independent jury panels of distinguished indust...
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