Bidding Results of Japan-funded Multi-million Projects to Be Announced

Sample photo by JICA Results of the bidding process for the multi-million dollar Japanese-funded projects will be announced very soon, according to the Phnom Penh Municipality. On 27 October, 2018, Phnom Penh Municipality spokesman Mr Met Meas Pheakdey told Construction&Property Magazine that the results of the bidding for the ‘flood prevention and the rehabilitation of pipe system’ proj...

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EuroCham: Dialogue and engagement better than penalty

Having more dialogue and engagement is better than having a policy of penalty, according to the European Chamber of Commerce in Cambodia (EuroCham). On 25 October, 2018, Mr Arnaud Darc, Chairman of EuroCham said in the annual ‘Tax Forum’ that one way to promote the culture of compliance in Cambodia is a need for more collaboration between relevant parties. “Dialogue and engagement can bring ...

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Thai Property Too Expensive According to New Survey

Thailand’s houses are too expensive and consumers are not satisfied with the market according to a recent survey conducted by a leading Thai property portal property. DDproperty's Consumer Sentiment Survey released in August showed that 70% of the 1,000 respondents thought property was too expensive in the first half of 2018. 61% believed that the Thai economy was performing poorly and real ...

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GDT to Apply New Land Price Rates Across the Country

The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation. On 25 October, 2018, H.E Kong Vibol told reporters at the ‘Tax Forum’organised by EuroCham Cambodia that the government is preparing to update land prices which will be imple...

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ADB Provides Us$30 Million for Tourism Infrastructure Development Projects

Cambodia has signed agreements with the Asian Development Bank (ADB) worth more than US$30 million for tourism infrastructure development projects in two provinces, according to a press release from the Ministry of Economy and Finance (MEF). On 24 October, 2018, Cambodia and the ADB signed four financing agreements worth more than US$250 million of which US$30.89 million is for tourism infrastr...

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Airport Development Project in Poipet to Resume

Sample photo by Global New Light Of Myanmar The government has allowed a local firm to reopen an airport development project in Poipet City, according to civil aviation officials. On 22 October 2018, Mr Sinn Chanserey Vutha, spokesman for State Secretary of Civil Aviation (SSCA) told Construction &Property Magazine that the domestic airport development project in Poipet was approved in p...

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The Advantages of Cambodians Purchasing Real Estate Under the Portugal Golden Residence Permit Program

With the backdrop of the Atlantic Ocean, the century-old rustic architectural backdrop and wooden trams are frequent sights in this ancient city of Portugal. Perched on the edge of Europe, the capital city of Lisbon boasts an average of 2,799 hours of sun and earned its nickname as the sunniest city. Portugal’s national drink, ‘porto wine’, and the freshly baked pastel de natas, better known as th...

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UPG Pipe Contest Showcases Great Art Works of Young Cambodian Youth

Creative architectural works of young Cambodians have been showcased at the ‘EAGLE Pipe Art Contest’ organised by UPG Pipe. Over the past weekend, the ‘EAGLE Pipe Art Contest’ successfully selected a winner who showed great creativity. Demonstrating impressive creativity, the ‘Cambodia Map’ art from Ms Long Kim Heang, a student from the Royal University of Fine Arts won the first prize from amo...

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Three Types of Property in Phnom Penh Show Post-election Positive Change

Photo by CBRE Cambodia Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018. Titled "Investment On The Up: Next General Election", the report shows that condominium, office and retail markets have increased significantly after the July general election. ...

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Phnom Penh Precast Plants Co., Ltd. Achieves Quality Management Systems Registration to ISO 9001

Phnom Penh Precast Plants, one of the leading suppliers of pre-stressed spun concrete transmission poles, reinforced concrete pipes, and PC/PHC concrete spun piles has now been awarded ISO 9001:2015 for its Quality Management System since September of this year. Founded in 2013, and equipped with machinery from Germany and Korea, this high-tech factory uses the latest manufacturing equipment an...

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Ministry of Labour to Investigate Brick Kilns in Cambodia

The Ministry of Labour and Vocational Training(MLVT) said that it will investigate recent claims of modern slavery in Cambodia’s brick kiln by London-based Royal Holloway University. According to the Phnom Penh Post on 18 October, 2018, H.E Ith Sam Heng said that MLVT will open an investigation into the allegations on modern slavery in the country. “We will start investigating. The ministry ...

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Cambodia is More Than Just Temples

With the support from the government of Cambodia, foreign investors are focusing on developing sustainable tourist destinations which will promote the country’s tourism industry to the international arena. One prominent proponent of this process is successful hospitality specialist Mr Rory Hunter who developed Sihanoukville’s famous Song Saa Island and who earlier this week said that his compan...

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