Experts call for more hotel investment amid fast developing tourism industry
Experts across the real estate industry gathered at the Rosewood Hotel at the start of August to discuss various investment opportunities with a focus on hotel investment as the Cambodian tourism industry sees rapid development. Co-organised by international real estate agency CBRE Cambodia and legal firm DFDL, the breakfast talk presented opportunities and challenges for […]
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Cambodia to welcome first Autograph Collection hotel in early 2022
Global hospitality firm Marriott International signed an agreement with local developer Wywaza Investment on 08 August 2019 to bring the first Autograph Collection Hotel into the kingdom under the name KHŌM Hotel. Located in the heart of Phnom Penh in front of Wat Botum Park, KHŌM hotel will comprise of 130 rooms, designed to showcase […]
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Larger security gates on buildings urged for tackling fire
The Ministry of Interior has urged architectural designers to carefully look at fire precautions when designing buildings by keeping more significant space for security gates to prevent fire accidents and to facilitate escapes and fire team intervention. The remarks were made after a study report shows that some building construction which is under construction and […]
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Lower middle-income Cambodians flock for land plots despite challenging investment
Economic prosperity along with the rise in lower-middle-income Cambodians is pushing the development of the country’s real estate industry. Over the past decade, the country’s real estate sector has enjoyed strong growth each year, especially within the capital of Phnom Penh and on its outskirts. Along with this rapid development has been the increase in […]
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New prakas issued to tighten construction safety loopholes
The Ministry of Land Management, Urban Planning and Construction and the Ministry of Justice, has recently issued a joint Prakas (regulation), to tighten construction standard loopholes in Cambodia. Issued on 02 August, this inter-ministerial Prakas aims to enforce the effective inspection and management of all property development in the kingdom in all aspects including quality, […]
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Temporary housing on construction sites below standards required by law, says report
Temporary housing on construction sites in three provinces have failed to meet the minimum sanitary standards set by the government, according to a report by the Building and Wood Workers Trade Union Federation of Cambodia (BWTUC). The finding was presented in front of government official, representatives of construction companies, union members, and construction workers on […]
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Plan floated to establishing Sihanoukville as logistics centre
The Cambodian government plans to turn Sihanoukville town into one of the major logistics centres in the country, since Sihanoukville is a major centre for the transport of goods and products through its deep-sea port. The development of Sihanoukville town as a logistics centre is aimed at ensuring sustainable economic, social and environmental development and […]
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CDC approves two construction projects worth US$166 million in Phnom Penh and Kampot
The Council for the Development of Cambodia (CDC) on 07 August approved a total of US$165 million in investment in a hotel and a construction materials factory in Phnom Penh and Kampot. According to the announcement, the hotel project is proposed by Royal Field Development Company Co., Ltd, a subsidiary of Chip Mong Group. This […]
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Licadho Report Selective and Misleading, says CMA
The Cambodia Microfinance Association (CMA) on 07 August condemned the recent Licadho report regarding the predatory system of microfinance in Cambodia, arguing that the report relies on flawed methodology, does not represent the status of microfinance in Cambodia, and destroys the reputation of MFIs in the kingdom. The condemnation comes in response to the report […]
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Solar power to account 15% of total power consumption next year
Cambodian government announced that next year power generated from solar farms will account 15% of total power output in the national grid. It is a contribution to reduce climate change. Keo Ratanak, Director General of Electricte Du Cambodge (EDC), said in a press conference held on Thursday that the 15% from solar farms in the […]
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Public Works ministry to establish special undercover road inspection group
The Ministry of Public Works and Transport (MPWT) is to establish a special undercover road inspection group after some inspection firms and government officials failed to report roads that do not meet with the technical standards, said Minister of Public Works and Transport H.E Sun Chanthol. Speaking on the sidelines with reporters after a meeting […]
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Avani Hotels Officially Opens First Property in Siem Reap
After six months of renovation by Thai hotel chain Avani, the French colonial architecture-styled Foreign Correspondents’ Club has been officially re-opened under the new name of ‘FCC Angkor managed by Avani Hotels & Resorts. Located a 20-minute drive from Siem Reap’s airport, this new hotel comprises 80 rooms and suites decorated in vintage style. The […]
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