Indonesia’s Construction Growth Remains Strong
Indonesia’s construction industry has been growing at 8-9 percent annually and remains a key part of the nation’s future economic growth according to a report by Market Research Future (MRFR). The MRFR report ‘Investment Analysis of Construction Industry in Indonesia (2016-2021)’ showed that construction accounted for 11.92 percent of Indonesia’s GDP in 2015, with infrastructure development con...
Read MoreKomatsu Profits Fall Sharply
Japanese construction manufacturer Komatsu saw profits fall sharply by 52 percent in Q2 2016 compared to same period in 2015 due to a global economic slowdown and a strong Japanese Yen. Profits in Asia (excluding China and Japan) were down by 23.5 percent.The Middle East (47 percent) and Africa (35 percent) saw the biggest declines. The economic slowdown in China and falling oil and metal price...
Read MoreDisaster Warning System Tested in Indonesia
The Japan International Cooperation Agency (JICA) is funding the trial of a new disaster warning system, designed to monitor structural safety and avoid collapses in the developing world, on three building sites on the Jakarta metro system. The on-site visualisation (OSV) technology system works by attaching devices to walls and pillars as they are constructed which then monitors if the structu...
Read MoreMalaysia to Build Bangladesh Power Plant
Bangladesh has awarded the Malaysian government a USD2.5 billion contract to build a 1,320-megawatt coal-fired power plant. The government to government deal follows an MOU signed in 2014 to build the plant in Maheshkhali, in the Cox’s Bazar district near Chittagong. A Malaysian consortium will conduct a feasibility study prior to construction and will then have an equal equity shareholding ...
Read MoreAiib Goes Global
The 57 members of the China-led Asian Infrastructure Investment Bank (AIIB), held its first meeting at the end of June. One of the main topics for discussion was procedures for admitting new members with a strong focus on expanding into Africa and South America.24 countries from these regions are planning to apply before 30 September including Chile, Colombia and Venezuela in Latin America, and...
Read MoreVietnam Cancels Usd 20bn Oil Refinery
Vietnamese government officials in Binh Dinh province have cancelled plans for a USD20bn oil refinery and petrochemicals plant after four years of delays from the managing contractor. Thailand’s state-owned PTT in association with Saudi Arabia’s Aramco was scheduled to build the Victory Nhon Hoi scheme after it was first proposed in 2012. The 400,000 barrel-a-day capacity plant was to have an a...
Read MoreMinecraft Game to Attract Youth to Cm
A new version of computer game Minecraft has been launched by the UK Chartered Institute of Building (CIOB) to inspire young students to become the next generation of construction professionals. The game, ‘Craft your Future’, lets 12-14 year-olds explore the methods and skills needed to become a construction manager. The lessons cover four areas of construction, maintenance, restoration, new bu...
Read MoreWorld’s First Glass Bottomed Bridge Opens in China
The world’s longest and highest glass bridge has opened in the Shiniuzhai Geopark in Hunan Province, southern China. At nearly half a kilometre (430m) in length, the bridge is suspended a dizzying 300m above ground with a deck made from 99 panes of glass. The 6m-wide bridge cost USD3.4m to build, and was designed by Israeli architect Haim Dotan. To soothe tourists’ nerves, authorities all...
Read MoreFirst Japanese Tile Factory Opens Cambodia
The opening of the first Japanese tile factory in Cambodia means that customers will now have easy access to a range of high quality corolla tiles. With an initial investment of over USD1 million for its first stage, Omura Concrete Co., Ltd set up its production plant in Kean Svay district, Kandal province in July to supply Cambodia’s growing construction market. “This factory has been estab...
Read MoreCCA to Organise Overseas Business Tours
With strong support from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), the Cambodia Constructors Association (CCA) has announced plans to organise overseas business tours for representatives of member companies to enhance their professional knowledge and gain updates on the latest inter- national building technologies. Following a meeting on 23 June where H.E. Chea ...
Read MoreCCA to Finance Two Beach Entrance Gates
The Cambodia Constructors Association (CCA) has announced it will finance the construction of two beach gates at Independence Beach. During a 23 June meeting with H.E. Chea Sophara, Minister of Land Management Urban Planning and Construction (MLMUPC), Neak Oknha Pung Kheav Se, the CCA chairman proposed that the assocation would contribute to the cost of the two beach gates at Independence Beach...
Read More3rd CCA Building Expo to showcase Global Brands
With three months to go until the 3rd Cambodia Construction Industry Expo 2016 in December, dozens of leading global and local building and property brands have already confirmed their presence in the fair. Scheduled for December 1-3, 2016 at the Diamond Island Exhibition and Convention Center, the fair is organised by the Cambodia Constructors Association (CCA) which represents constructors in...
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