CBRE: Landed property sale prices to remain robust by mid-2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the […]
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. “To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district […]
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EU Grants US$14 Million for Bakheng Water Facility
The European Investment Bank (EIB) secured a EUR 12.7 million (approximately US$13.9 million) grant from the European Union for the construction of the Bakheng Water Treatment Plant and 500 kilometres of water distribution network in the Cambodian capital, Phnom Penh. The infrastructure will bring safe, drinking water and improve quality of living for 700,000 people […]
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COVID-19 poses challenge for extraction of Cambodia’s first oil
The impact of COVID-19 on the first oil extraction in Cambodia will be discussed and evaluated further after the virus crisis has ceased, said H.E Cheab Sour, Director General of the Department of Petroleum, at a press conference on the progress and continued working direction of the Ministry of Mines and Energy on the morning […]
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Hyundai Engineering wins US$164m bid to build third AEON Mall
Hyundai Engineering of South Korea has won a US$164 million project to build the third AEON Mall in Cambodia, according to a Hyundai staff member quoted in the Korea IT TIMES on 19 April 2020. This project is to build a five-story shopping centre and parking facility on a total area of 174,000 square meters […]
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ACF Council Meeting postponed, CCA business networking unlikely to happen
The ASEAN Constructors Federation (ACF) Council Meeting has been postponed due to the current COVID-19 pandemic while the Cambodia Constructors Association (CCA) is unlikely to host its annual business networking event. ACF Council Meeting is an annual meeting that provides the opportunity its members including, Cambodia represent by the CCA, to share information on the […]
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Construction on Road 146 commences in Sihanoukville
Construction on Road 146 started on 17 April 2020 under the technical supervision by H.E Sun Chanthol, Minister of Public Works and Transport (MPWT). The construction project is being implemented by China Road & Bridge Corporation Co.Ltd (CRBC) spending US$S76 million of a US$100 million national budget and is projected to take about 28 months […]
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IMF: Cambodia’s GDP growth to slow down to minus 1.5% in 2020
Cambodia’s Gross Domestic Product (GDP) growth is projected to slow down to -1.5% as the decline in tourist arrivals and the impact on the garment industry resulting from the outbreak of the COVID-19 pandemic in the country. This statement was made during an interview in the Asia and Pacific Department Press Briefing with Mr Changyong […]
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New flood prevention and drainage improvement projects ready for the rainy season
Three flood prevention and drainage improvement projects in three areas including Wat Phnom and Toul Kork drainage projects and a riverside water storage project are in process to prepare for the upcoming rainy season. On April 17, 2020, H.E. Mr MIKAMI Masahiro, Japanese Ambassador in Cambodia, released a short video on the Japanese Embassy in […]
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Singapore awards contracts for elevated rail line
Singapore’s urban transport infrastructure moved toward further expansion in February with the awarding of three contracts for the construction of four stations on the elevated Jurong Region Line (JRL) worth US$429 million. The Singapore Land Transport Authority (LTA) awarded the largest of the contracts worth US$163m to Sembcorp Design and Construction, a subsidiary of Singaporean […]
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Understanding the Basics of Concrete
Concrete has been used widely internationally. It is durable and flexible in its usage. As a construction material, it is robust and able to give sound reduction and fire-resistant properties. Raw materials The raw or constituent materials are one of the most important factors prior to the successful design and construction of concrete structures. Hence […]
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COVID-19 considerably affects Cambodia’s aviation sector
Statistics from the Secretariat of Civil Aviation indicate that Cambodia’s aviation sector has experienced considerable impacts as a result of the outbreak of the COVID-19 epidemic including some obstacles in the construction process of the new airport, coagulating airfreight, and the drastic decline in air travellers. The details were given in a statement made by […]
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