Local News
Airports Capacity Grows with Traffic
The double-digit growth of air passengers through Cambodia’s airports has led to the launch of a huge airport development master plan which offers a transport infrastructure vision for the next 30-40 years. The kingdom’s three international airports; Phnom Penh (PNH), Siem Reap (REP), and Sihanoukville are currently undergoing construction, extension, and renovation projects to increase their r...
Read MoreJapan Pledges $6bn for Mekong Region 5
Japan plans to invest $6 billion in developmental aid to Mekong region countries – Thailand, Cambodia, Laos, Vietnam and Vietnam – over the next three years as part of its Tokyo Strategy 2015. The Mekong nations all have excellent economic prospects, with their infrastructure needs suggesting that they are promising destinations for Japanese exporters of railway technologies and infrastructure....
Read MoreAsian Infrastructure Investment Bank Born
China hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB) in Beijing on 29 June. The AIIB will finance Asian energy, transport and infrastructure projects, and will rival the World Bank and Asian Development Bank. Delegates from 50 countries, including Cambodia, signed the founding articles which determine each member’s share and the bank’s initial capital of $50bn, e...
Read MoreCertifying Cambodia?s Architects
Cambodia has around 2,500 local architects, but only 185 of them are registered with the country’s public architecture, less than 10%. The government would like to change that. In Cambodia, any architect wishing to be fully recognized by the government needs to register with the Board of Architects of Cambodia (BAC), a state-run association established in 2011 and recognized as a member of the ...
Read MorePhilippines Rail Project Sets Japan Oda Record
Japan has pledged its largest ODA (Overseas Development Assistance) ever provided to a partner nation with $2bn for the construction of a commuter train line in the Philippines. The move is an integral part of the “Cooperation Roadmap for Quality Infrastructure Development in the Transport Sector in Metropolitan Manila” which the two nations agreed in June. The loan package is intended for t...
Read MoreCasa Meridian Opens Sales Office, Breaks Ground
The Casa Meridian condominium development on Phnom Penh’s Diamond Island kicked off a new phase of development, opening its sales center and starting construction at the end of May. The condo is being developed by Hong Kong-based M.D.H.K. Property Ltd.with the total investment cost of US$75 million financed by Canadia Bank. Construction is being handled by the Overseas Cambodian Investment Corp...
Read MoreVietnam Must Spend 50bn on Transport
Vietnam needs to spend $50bn on transport infrastructure over the next five years to maintain current levels of economic growth, according to the country’s Planning and Investment Department. “We still have no high-speed rail and our major airports, including Noi Bai, Da Nang and Tan Son Nhat, are overloaded,” said Tran Minh Phuong, the deputy head of the department at a conference in Hanoi. “O...
Read MoreThe Heat of the Matter
Cambodia’s tropical geography makes it a hot and humid country all year round. This often creates harsh working environments for workers, especially in factories, which themselves also have to pay high energy bills for cooling devices. A Ministry of Labour official recently reported that as of June this year over 600 workers have fainted in factories, compared with a total of about 800 such inc...
Read MoreConstruction Starts on Vietnam?s Tallest Building
Construction has begun on the Vincom Landmark 81 - a supertall 460m skyscraper in Ho Chi Minh City, Vietnam. If completed now the 81-storey development would be in the world’s top ten tallest buildings. UK companies are at the forefront of the development with Atkins the lead architects, Arup the structural engineers and CBRE providing property services. The towering development located alon...
Read MoreBosch Records Double Digit Growth in Cambodia
Since its official inception in Cambodia in 2010, Robert Bosch, a world leader in technologies and services, has recorded doubled digit growth in the local market. Robert Bosch products, in particular power tools, have been on the market in Cambodia since 2004. The company opened a representative office in 2010 to legally import the products and supply the market. Three years later, it launc...
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