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ខ្មែរ Local News
China, Singapore Sign Obor Mou
- 22 July 2016
"PT Sans"">International Enterprise (IE) Singapore and the China Construction Bank Corporation (CCB) have signed an MOU to provide USD22 billion for infrastructure projects under China’s ambitious ‘One Belt, One Road’ (OBOR) initiative. mso-bidi-font-family:"PT Sans";color:black">This first CCB MOU with a Southeast Asian nation will provide funding for Chinese and Singaporean companies to...
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Myanmar Material Production Boosted
- 22 July 2016
"PT Sans";color:black">Myanmar’s building boom is attracting significant investment in concrete-based construction materials from regional companies. mso-bidi-font-family:"PT Sans";color:black">Hollow block manufacturer JJ-Pun Tiostone Co Ltd aims to target airport terminals, ports and hotel projects in 2017 following additional investment at their Yangon manufacturing plant. "PT Sans"...
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Nation’s First Oil Refinery Online for 2018
- 22 July 2016
After years of uncertainty and controversy in the local petrochemical sector, Cambodia’s first oil refinery plant is expected to go online in 2018 thanks to a USD3 billion joint venture between Cambodian and Chinese firms. The Cambodia Petrochemical Company (CPC) signed an MoU worth USD620 million in May with the Chinese National Petroleum Company (CNPC) Northeast Refining and Chemical Engineer...
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Sino Plaza Sewer Conundrum
- 22 July 2016
"PT Sans";color:black">Sino Plaza, the USD250 million Chinese development under way in Boeung Trabek has allegedly submitted plans to the Municipality of Phnom Penh to cover the open sewer canal which runs along the length of one side of the project. mso-bidi-font-family:"PT Sans";color:black">The 217,000 sq.m mixed-use development being built by Chinese contractor CSCEC is scheduled for ...
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Hyundai Win Aeon Mall 2 Contract
- 22 July 2016
South Korea’s Hyundai Engineering Co. has won a USD120 million contract to build the second Aeon Mall in Phnom Penh. The deal will see Hyundai build the Japanese retailer’s second Aeon Mall at the Pong Peay site behind Borey New World in the capital’s north-western Sen Sok District. The planned four-storey mall will cover a floor area of 151,000 sq.m and feature large stores, a cinema, bowling ...
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Bay Construction Kicks Off
- 22 July 2016
"PT Sans"">Phnom Penh’s prestigious USD500 million development The Bay has officially started construction and will soon establish franchises to drive sales. mso-bidi-font-family:"PT Sans";color:black">Construction was scheduled to start in 2015, but an increase in planned condo developments and controversy swirling around Sok Bun forced a number of delays. mso-bidi-font-family:"PT San...
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CONSTRUCTION MANAGER ANNOUNCED FOR TWIN TOWER
- 10 July 2016
A Hong Kong-based firm Hsin Chong Construction Group Ltd. has been appointed construction manager for the Thai Boon Roong Twin Tower World Trade Center Project. According to the company’s website, it will be, “Responsible for coordination and supervision of works contractors, program control, commercial advice, monitoring safety and quality control, managing site logistics, as well as coordinat...
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Azza Decor Brings Italian Luxury to Cambodia
- 10 July 2016
With its official inception in Cambodia in November 2015, Azza Decor (Cambodia) Co.Ltd is the first sole supplier of various Italian luxury decoration brands to the Cambodian construction market. Azza is now the sole distributor in Cambodia of Italian luxury tiles, sanitary ware and wallpaper with brands like Versace, Valentino and Atlas Concorde. While having already received exclusive righ...
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New Myanmar Port Targets Agri-exports
- 10 July 2016
The Thilawa Special Economic Zone, a JV between Myanmar and Japan, is investing $29 million on developing a new port and building infrastructure for transporting agricultural products. The 15,000 hectare development is being driven by the Myanmar Agriculture & General Development Public Limited (MAGDPL) which was established by local agricultural merchants, according to Deal Street Asia. ...
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World Bank and Aiib Sign Deal
- 10 July 2016
The World Bank and the new Chinese-led Asian International Investment Bank (AIIB) have signed a $1.2 billion deal to co-fund infrastructure projects in 2016. The agreement is an important symbol that US-dominated global financial bodies have accepted the AIIB has an important role to play in financing the development of regional infrastructure. The World Bank said that the two banks are disc...
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