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ខ្មែរ Local News
Construction Driving Economic Growth
- 31 December 2015
The construction sector is now the most dynamic driver of GDP growth according to The East Asia Pacific Economic Update that was published by the World Bank at the start of October. “Construction and real estate represented 2 percent growth out of the 7.1 growth in GDP last year. This is the largest contributor. It is booming and quite hot,” according to Sodeth Ly, country economist at the Worl...
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Dr. Sok Siphana Presents at Britcham
- 31 December 2015
Members of the British Chamber of Commerce in Cambodia (BritCham) and the wider business community were last week given an exclusive opportunity to hear from Dr. Sok Siphana on the work he has undertaken in codifying Cambodia’s first Building Construction Law. Construction has and continues to be one of the key pillars supporting Cambodia’s economy, having experienced a rapid growth in recent y...
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Chinese Propose Elevated Expressway
- 31 December 2015
Representatives from the Henan Provincial Communications Planning Survey and Design Institute (HPC) in China presented plans to the government for building a four-lane elevated expressway in Phnom Penh to relieve traffic congestion. Transport Minister Tram Iv Tek and representatives from City Hall and the Ministry of Finance were presented three options on Tuesday 22 September; the first would ...
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Kampot to Have Own Tourist Terminal
- 31 December 2015
Cambodia’s coastal zone will receive more tourist visitors after a tourist ferry terminal project financed by Asian Development Bank (ADB) goes on line by 2020. In a loan package of US$18 million, approved by the ADB on 25 November 2014, the project will build a marine ferry terminal on 4 hectares of land between the border of Teuk Chhu district and Kampot City. Construction of the terminal wil...
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Building Investment Rise in 3rd Quarter
- 31 December 2015
Investment on building and property industries grows almost 14 percent in the 3rd quarter 2015, said a report by Ministry of Land Management, Urban Planning and Construction. The report states over US$1.7 billion invested on the two sectors by the 3rd quarter this year compared to only US$1.5 billion at that time in 2014. Among the investors, Korean rank first, followed by the Chinese, Japan...
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China to Finance Kingdom?s Giant Sport Complex
- 31 December 2015
The Chinese government will finance the completion of the Kingdom’s mega sports complex Morodok Techo National Sport Complex, said an official at the National Olympic Committee of Cambodia (NOCC). Work on the nation’s biggest sports complex began in April 2013 on an 85-hectare site inside Garden City located in Russei Keo district, about 15 km north of central Phnom Penh. It is intended to be t...
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Hospitality Drives Vietnam Real Estate Growth
- 31 December 2015
Hospitality assets in Vietnam will lead the growth in the country’s property market, according to Don Lam, the founding partner of Ho Chi Minh City-based VinaCapital, a leading investment management and realty development firm, in an interview with Deal Street Asia. With beachfront projects available at lower costs and beachfront land more competitively priced compared to other markets in South...
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Japanese Pension Funds to Boost Investment in Asia Pacific
- 31 December 2015
Based on the latest research from CBRE, an increase in allocation to real estate by Japanese pension funds in line with international trends could mean an additional $1.8 billion entering global markets in the coming years. CBRE is predicting a significant boost in outbound real estate investments by Japanese investors in the coming years.. CBRE expects Japanese interest in overseas real estate...
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New Lighthouse Chairman to Raise Profile, Build Networks
- 31 December 2015
Established six decades ago, the Lighthouse Club is widely known among building professionals for its generous campaign to improve construction standards, promote worker safety and support those in need of assistance. Appointed as Chairman for the second mandate of the Lighthouse Club Cambodia Chapter, Euan Ritchie spoke exclusively to Construction and Property Magazine about his plans. Plea...
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Lighthouse Club Illuminates Site Safety
- 31 December 2015
Cambodia is one of the most exciting markets in Southeast Asia and has experienced unprecedented political stability and growth in the last two decades and is one of the fastest growing economies worldwide. Latest reports from the World Bank are estimating Cambodian GDP growth for 2015 at 7.1 percent, with the strongest growth expected in the construction sector. This is most visible in the Cam...
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