Local News
Angkor Wat Ranked as #1 Landmark in the World by Tripadvisor
The renowned online worldwide travel planning company TripAdvisor recently announced the winners of its Travellers’ Choice Award for Landmarks in the World and Angkor Wat Temple
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Think Tank Urges Private Sector to Provide More Internships for Construction-related Jobs
Experts in different government and private institutions have called for more internships and training programmes for students and workers, especially for construction-related jobs. This campaign was called for during a half-day seminar held under the theme of “Partnership for Work-based Learning: Experiences and Possibilities” organised bythe Cambodia Development Resource Institute (CDRI) at the Phnom Penh […]
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Kampot deep seaport plans put China’s rising role in perspective
Sihanoukville Autonomous Port The construction of a new deepwater seaport in Kampot is currently undergoing a feasibility study, following the agreement signing ceremony between a Cambodian company and a Chinese firm in April this year. The new deep water seaport is a cooperation between China’s Guangxi Beibu Gulf International Port Group and the well-known Try […]
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NBC: Construction Sector Strength Driven by Three Factors
According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector.
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Japan to inject over US$1 billion to construct huge safari park in Cambodia
In a bid to promote the country’s eco-tourism as well as preserve wildlife, the Royal Academy of Cambodia (RAC) has signed a memorandum of understanding (MoU) with Japanese firm BM Nature Safari Co., Ltd to create an eco-tourism park in PreahVihear Province. Signed in July 2018, the new project is located inside the TechoSenRusseyTreb Park […]
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Siem Reap to welcome US$70 million Cambodia-China Cultural and Creative Park
According to the firm’s announcement, the project broke ground on 19 July and is scheduled to open for the public in early 2020.
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Showcase comprehensive SE Asia seaside resort breaks ground in Sihanoukville
Photo by The Prince Tian Xi Wan Prince Real Estate Group (Cambodia) on 1 August broke ground on The Prince Tian Xi Wan project—the first comprehensive seaside resort of its kind in Cambodia and Southeast Asia. Located in Sangkat Bey, Sihanoukville, the Prince Tian Xi Wan has a total building area of over 300,000 square […]
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The importance of the dispute resolution clause in the construction contracts
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the […]
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Credit for Construction and Real Estate Sectors Remains Robust
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans.
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are […]
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