France Provides Us$30 Million for Developing Cambodia’s Power Transmission Network
France Development Agency (AFD) and the European Union have decided to provide of €$29.1 million in cooperation financing, approximately US$30 million for implementing on modernizing the power transmission system in Cambodia. The agreement of the cooperation financing was signed on May 6 by H.E. Aun Pornmoniroth, Minister of Economy and Finance and Remi Riou, general manager of the French Devel...
Read MoreHoa Phat Group Exports More Than 45 Thousand Tons of Steel to Cambodia
Vietnam-based steel manufacturer Hoa Phat Group reported an increase of more than 28% in sales of construction steel in the first three months of 2019 with Cambodia purchasing around 45,000 tons of the total sales, according to a press release by the company. By the end of April, Hoa Phat reported that it had sold around 700,000 tons of construction steel in the first three months of 2019, an i...
Read MoreRoyal Group, Singapore Developer Building Luxury Condo in Toul Kork
Photo by Hong Lai Huat Group Limited The Royal Group and Singapore-based real estate developer Hong Lai Huat Group Limited have partnered to jointly develop a 28-floor condominium in Toul Kork district. The project, named Royal Platinum Condominium, broke ground in a ceremony on Tuesday and construction is expected to be completed in 2021. The condominium will provide 851 residential unit...
Read MoreUs$200 Million ‘one Central Tower’ Project Ground Breaks in Boeung Snor
Global investment firm B.I.C Group broke ground on its first real estate project ‘One Central Tower’ located in the east of Phnom Penh on 06 May 2019 with the aim to transform the area into a world-class urban destination, according to their press release. Situated in the heart of the Boeung Snor area, the ‘One Central Tower’ is a US$200 million multi-phase development project featuring commerc...
Read MoreConstruction of Japan-funded Teacher Education College (TEC) Begins
Photo by JICA Cambodia Office The Cambodian Minister of Education, Youth and Sport and the Japan Ambassador to Cambodia witnessed the ground-breaking ceremony of Teacher Education College (TEC) located in Phnom Penh on 07 May. Funded by the government of Japan, the TEC will see construction of an academic block, administration block, science and art lab, library, assembly hall, and provision...
Read MoreKampot International Tourism Seaport Construction Completed by End of 2019
Construction on the Kampot International Tourism Seaport is now about 25% complete with work on the facility expected to finish before end of 2019. The plan is for the seaport to be complete in time for the 8th Sea Festival, the annual tourism event scheduled to be held in Kampot province in December this year. Soy Sinol, director of the Kampot Provincial Tourism Department, said the seaport...
Read MoreLand registration nationwide to be completed in 2021
The Ministry of Land Management, Urban Planning and Construction has set 2021 as the deadline to complete land registration nationwide, including indigenous land registration, with 74% of total land parcels already registered. Around 5.2 million land parcels were registered nationwide, accounting for 74% of the total 7 million land parcels by April 2019, according to a press statement from the ...
Read MoreWinners Announced for PropertyGuru Cambodia Property Awards 2019
The winners for the finest real estate projects in Cambodia were announced at the Gala Dinner of the ‘4th Annual PropertyGuru Cambodia Property Awards’ held at Sofitel Phnom Penh Phokeethra on 03 May 2019. With more than 370 guests joining the award ceremony presented by American manufacturer Kohler, the night was full of excitement with close to 40 awards going out over different entries with ...
Read MoreGround Broken on Manila’s First Metro
Photo by Wikipedia Ground was broken on Manila’s first ever metro system in March 2019, although the Japanese contractors responsible have already warned that the 2022 deadline for completion is too optimistic. The project is a key pillar of President Duterte’s “Build, build, build” infrastructure programmed, a plan to spend over US$150bn on road, rail and air schemes. Japan and China are co...
Read MoreCambodia-China Discuss Establishment of Sister City Alliance and Liaoning Industrial Park in Sihanoukville
Photo by Ministry of Commerce Representatives of Cambodia and China recently discussed establishing a Liaoning- Sihanoukville Sister City Alliance and Industrial Park, according to a recent post on the Ministry of Commerce Facebook page. During the meeting held at Sofitel Phnom Penh Phokeethra, the Secretary of the Liaoning Communist Party of China Provincial Committee Mr Chen Qiufa told H.E...
Read MoreWyndham Hotels & Resorts in Long Bay & Dara Sakor Sign Strategic Cooperation With Zhengheng (Cambodia) Co., Ltd and Trf Vacation Club
A signing ceremony was recently held at the ZhengHeng HQ between ZhengHeng (Cambodia) Co., Ltd, the leader of the Long Bay Dara Sakor Holiday and Resort Project, and TRF VACATION CLUB. The signing ceremony officially started a new chapter of win-win cooperation between the two parties. Director of ZhengHeng (Cambodia) Co., Ltd, Mr. Deng Pi Bing and the General Manager of TRF VACATION CLUB, Mr. ...
Read MoreSocial Protection Sought for Construction Workers
Workers in the construction sector are seeking social protection through the National Social Security Fund (NSSF) like workers in other sector receive, citing that construction work is considered a high-risk risk job compared to other jobs. In the World Health and Safety 2019 meeting held on 29 April, a group of construction workers and worker unions pushed the government to consider constructi...
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