Local News
Bosch Partners With Meng Leng Eav to Expand Market
The Bosch Group, the leading global supplier of power tools and accessories from Germany, in late April partnered with Cambodian dealer Meng Leng Eav to expand its sales in Cambodia.
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Installing the Right Fire Safety System
While fire safety system are crucial to preventing or extinguishing fires in buildings and thereby saving lives, installation can vary depending on the type of structure. It’s important to know what’s right for what kind of structure.
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New Vietnam Construction Cost Decree Passed
The Vietnam government recently announced new Decree, which came into effect on 10 May, 2015, and focuses on the management of construction costs, including total construction investment.
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A Coat to Cool Buildings
Cambodia’s perpetually warm climate brings many benefits – tourists, long growing seasons, tropic fruits – it also means building owners are faced with big cooling bills. But reflective insulation, like that supplied by Tashen Green Tech, can keep temperatures in the comfort zone at an affordable price.
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Adb and Myanmar Sign $1b Loan Deal
The Asian Development Bank signed a deal with the Myanmar government in May for $1 billion in loans, investments, and guarantees directly to private companies and projects in the country until 2016.
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Go Ahead and Build ? But Be Aware of Financial Term
The Cambodian building industry is flourishing and construction sites seem to pop up every day, especially in Phnom Penh. Private, public and foreign investment groups realize that now is the time to build and invest here. Labor and local materials are still considered cheap and accessible, which is good for the building industry. So yes, go ahead and join the investors, but watch out – there are many pitfalls that might turn your dream project into a nightmare./p>
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1000 Chinese Projects Opened to Foreign Investors
China’s National Development and Reform Commission (NDRC), has announced that more than 1,000 proposed infrastructure projects worth an estimated total of $317.75bn will be open to both private and foreign investors.
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Poor Building Safety Can Hamper Economic Growth
The deadly Rana Plaza factory collapse in Bangladesh in April last year that took over 1,100 lives has had an impact on Bangladesh’s economy. Buyers like Walt Disney have stopped production in the South Asian country over safety concerns and possible damage to their brands. Poor safety standards in several developing countries have many international companies looking anew at where they produce.
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Thailand Invests $3bn in Transport Infrastructure
Thailand’s Eastern Seaboard Development Committee recently approved 91 projects under the Eastern Seaboard Logistic and Transportation Infrastructure Development Plan with an estimated investment of more than $3.13 billion.
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Avoiding the Complaints
Many lawsuits between property developer and buyer and property owner and constructor have been heard through the media. It is headache and costly to resolve those disputes inside or outside Cambodia’s court system. Many people admit it.
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