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Construction Focus
Government to Supply Social Housing in 2017
By Pich Kanhchanak Despite 20 percent of Cambodian people reported to live at or under the poverty line, having access or ownership of decent shelter remains a hot issue for most low-income citizens among the population of 15 million. However, solutions for these low-income residents are set to be deployed in the next two to three years, after a national housing policy drafted by the Ministr...
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Staying Safe With Performance Bank Guarantees
Cambodian banks play a vital role in ensuring business transactions go as planned, especially in the construction sector. Still, many people don’t understand how a “performance bank guarantee” works, especially in Cambodia’s thriving building sector. Unlike a bank guarantee that is used to strengthen general contractual relations between two parties, a performance bank guarantee is specifically...
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Playgrounds in Cambodia- Safety First!
The need for our children to go and out and play is absolutely necessary, but the impact of 21st century technology could be the death of play for tech-savvy children. As playground, safety flooring, park & recreation specialists, it is essential to ensure that the play environments we construct assist in the fundamental development of all healthy children. Playgrounds can improve their phy...
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Chan Sim: Cambodia?s Living Human Treasure
Angkor Wat and its pantheon reflects Cambodia’s pride in traditional sculpture, carving and architectural decoration. But whenever these traditional arts are discussed today, Prof. Chan Sim is usually mentioned. Born in 1936, Prof. Chan is among the nation’s few surviving legendary artists with advanced skills in carving, sculpture and traditional architectural decoration. This master has sacri...
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The Hypothec Revolution
The Cambodian Law on Application of the Civil Code was implemented in 2011 and abrogated some provisions of the 2007 Civil Code, and the 2001 Land Law. The new law has significantly impacted the structuring of business operations related to security rights, including for financial institutions providing credit. “The new law divides mortgage loans (guarantee) into two categories; Pledge and Hypo...
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Construction of ?the Bridge? Kicks Off
Groundbreaking for the 45-story, twin-tower condominium development, “The Bridge”, was launched on June 12 to tap into a growing demand for high-end residential and commercial units. Developers and realtors say the complex will be a gem along the city’s riverbank. The complex is being developed by a joint venture named Oxley World Bridge (Cambodia) Co. Ltd. It is a cooperative effort between Ca...
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