English 
ខ្មែរ 
AIIB OPENS FOR BUSINESS
- 7 April 2016
Chinese President, Xi Jinping officially launched the Asian Infrastructure Investment Bank (AIIB) in Beijing on 16 January in a move expected to change the global economic balance of power. “Asia’s financing needs for basic infrastructure are absolutely enormous,” Xi said in a speech at the launch, adding the bank would aim to invest in projects that were “high-quality, low-cost”. The Chines...
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New Cbd Slated for Capital
- 5 April 2016
According to a filing to the ASX by developer Kingsland Global Ltd, an agreement with a subsidiary of Shukaku Inc has been signed to develop 10,000 square metres of undisclosed prime real estate in Phnom Penh’s “central business district”. The agreement paves the way for a JV to build a mixed use development to include a hotel, residential units, retail outlets and office space according to the...
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Thailand and Uk Create Anti-corruption Initiative
- 5 April 2016
The British Embassy in Bangkok and Thailand’s State Enterprise Policy Office have co-hosted a seminar on the Construction Sector Transparency (CoST) Initiative. Last year Thailand signed up to become the 14th member country of CoST, a global initiative to reduce corruption in the construction industry. Mark Kent, British Ambassador to Thailand, said, “it is a challenging process, with constr...
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Construction Law Draft Complete
- 5 April 2016
The Council of Ministers will soon receive the draft Construction Law which may be passed into legislation by mid-2016 according to senior government advisor Sok Siphana. “There are about 300 articles of the draft and we have taken models from many countries and adapted them to meet the requirements in our country,” Mr. Siphana said. “Many laws from foreign countries do not fit the situation he...
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LEGISLATE TRANSACTIONS URGES CVEA
- 1 April 2016
To ensure sellers to use a registered real estate company to value their property before placing it on the market, the CVEA has called on the government to regulate all property transactions as part of the pending management law. The initiative would mirror the US model and is designed to control speculation and artificial price jumps in the local real estate market. Ensuring stability and cons...
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Bosch’s 2015 Sales Surpass €70bn
- 1 April 2016
Robert Bosch, a world leader in technologies and services, announced that its 2015 sales exceeded €70 billion for the first time in its history—marking a 10 percent growth against 2014 sales of about €65 billion. Driven mainly by an increasing number of solutions for the connected world, the growth varied among its four business divisions, according to the company’s press release published in e...
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Views Vary on Future of Phnom Penh at Gac
- 1 April 2016
The recent announcement of the Phnom Penh Urban Master Plan provided the backdrop for a robust discussion on the future development of the capital among industry insiders at the 2nd Annual Global Alumni Convention (GAC) organised by IDP Education in January. December 2015 saw the Cambodian government adopt a comprehensive urban master plan for Phnom Penh to ensure the sustainability o...
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CM Joint Committee Proposed for Cambodia
- 28 March 2016
The Construction Management Association of Korea (CMAK) has been assisting Cambodia to implement the Construction Management System (CM) with the aim to improve construction quality for future buildings in the kingdom. To ensure effective CM improvement, CMAK proposes setting up a joint committee called the Cambodia-Korea Construction Collaboration Committee that will comprise of entities from ...
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Meng Leng Eav Opens Innovative Showroom
- 28 March 2016
With Meng Leng Eav Group’s innovative new showroom now open, customers and visitors will have more satisfying and compelling experience when sourcing their needs from the largest supplier of power tools and agriculture and engineering equipment in Cambodia. Located along Mao Tse Tung Blvd in front of Chinese Embassy, the 3-floor showroom was officially launched on 26 February and doesn’t only s...
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From Supply to Manufacturing: a Market Leader’s Perspective
- 28 March 2016
For Meng Leng Eav Co. Ltd, regional economic integration will not result in any significant impact on business. Cambodia’s leading specialist in supplying quality power tools, agricultural, and engineering equipment currently distributes over 10 exclusive and another 5 non-exclusive brands after first establishing the business over 20 years ago. In today’s more competitive environment, the company...
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Setting Up a Joint Venture: the Risks and Realities
- 27 March 2016
Joint ventures (JVs) in the construction industry are common around the world. Although more companies in Cambodia are entering into such business agreements, the concept is still not widely understood here. A contractual JV could be an unincorporated or incorporated arrangement among firms created by a contract, usually referred to as a JV agreement, to develop a specific business opportunity....
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OCIC, Cambodia’s Leading Developer
- 18 March 2016
Despite being one of the largest financial and infrastructure / property development companies in the nation, there are many in the industry that remain unclear on the background of OCIC. In this exclusive profile, Construction & Property Magazine lifts the lid on the background and portfolio of this business empire. Established in 2003, the Overseas Cambodian Investment Corporation (OCIC) ...
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