Government Gives Green Light to Another New SEZ in Sihanoukville

The Cambodian government has recently approved the construction of another special economic zone project on more than 55 hectares of land in Sihanoukville, to help boost the kingdom’s economic growth. This approval comes as a result of the second inter-ministerial meeting regarding the Environmental and Social Impact Assessment (ESIA) discussion on this project on 01 August 2019. Owned by Ca...

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Governor Pledges to Solve Flooding Issue in Sihanoukville

Following widespread video and photos posted on Facebook on the flooding issue in Sihanoukville, Provincial Governor H.E Kuoch Chamroeun told residents on 05 August to stop blocking natural waterways to avoid more floods. Heavy flooding on from 10 pm on 03 August until 7 am on 04 August 2019, caused difficulties and damage to many properties and made transport by motorcycle difficult. In res...

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Industry Ministry Orders Suspension of Water Supply for Illegal Constructions

The Ministry of Industry and Handicrafts issued a directive letter on 01 August informing its lower authorities to suspend the water supply for any kind of construction site found to be illegal, a move that aims to ensure the life, property, and safety of the people. The direction is for all departments of the Ministry of Industry and Handicrafts, water supply authorities, and private water sup...

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August 8th breakfast talk to discuss real estate and hotel investment in Cambodia

With Cambodia rapidly growing real estate market, international real estate agency CBRE Cambodia and legal firm DFDL to hold a breakfast talk on 8 August to discuss the potential of the Cambodia real estate and hotel investment at the Rosewood Phnom Penh hotel. Under the theme “Real Estate Investment in Cambodia”, the event will bring together expert speakers from DFDL and CBRE Cambodia to guid...

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Three provinces chosen to be secondary urban tourism destinations

The Ministry of Tourism in partnership with the French Development Agency (AFD) has selected three provinces, namely Kampot, Battambang, and Kratie, to be secondary urban tourism destinations, with the aim to reduce congestion in main tourism destinations and to develop sustainable tourism in Cambodia. The commitment to develop the three provinces was agreed at a meeting between the two parties...

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New Road Maintenance Technology Called Cold in Placed Recycling Introduced to Cambodia

A new road maintenance technology called cold in placed recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of...

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Why offering Social Media Only Marketing Solution is not sufficient without Video Filming?

Social Media ONLY Marketing Solution is insufficient because 1. It is difficult to attract the right leads today even money is spent for leads which will not even bother to reply with a “Likes” or “Share” 2. Fewer people have the Time to read long copies anymore today, we recorded up to an astonishing 86% drop in people scrolling to the midway point in a few of our landing page copies within the...

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Will the increase in China’s domestic property developer bankruptcies affect Cambodia construction sector?

The 50 percent rise of bankruptcy rate among the home developers due to the economic slowdown in China this year has caused a controversial question whether or not it would affect the Cambodian construction sector since a large portion of the investment within this sector is the investment from China. Due to restrictions on borrowing in China, 274 homebuilders have filed for bankruptcies this y...

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New road maintenance technology called In-Place Recycling introduced to Cambodia

A new road maintenance technology called In-Place Recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of the s...

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Rents to climb in Phnom Penh office market as new supply comes online

The property market in Phnom Penh will keep growing, just as office rents have risen consistently over the past five years despite the continuing increase in the number of office spaces available in Phnom Penh. The market today is still on the rise. Until now, there are no risk factors for the next dip. Currently, low levels of vacancies for Grade B and Grade C office spaces have led to an impr...

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Morgan Group ground breaks its mega multipurpose project in Sihanoukville

China-based developer Morgan Group on 31 July had ground break its mega multipurpose project in Sihanoukville amid booming construction investment in the city. With an unclose investment capital, Ever Asend Development Co.Ltd , a subsidiary of China-based developer Morgan Group, has begun construction of its multipurpose project called the Morgan The Pure Bay with a total construction area of 4...

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Asset Management – A course to help us to understand the importance of assets

The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. In real estate, assets can cover infrastructure, property, land, buildings etc. (RICS 2012) Under-ma...

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