EDI Port Project Set to Finish by 2021
The project for the Electronic Data Interchange(EDI) system for ports in Cambodia is set to be operational by 2021, according to Dr Masahiko Furuichi from the Japan International Cooperation Agency (JICA) mission team. In a meeting with Senior Minister and Minister of Public Works and Transport (MPWT) H.E. Sun Chanthol on 27 August, Dr Masahiko Furuichi said that the Japan-funded port EDI proje...
Read MorePhnom Penh to Become Trade Hub for Foreign Investors
With massive building projects emerging and sustained growth, Phnom Penh is becoming a trade hub for foreign investors, according to H.E. Men Sam An, Deputy Prime Minister and Minister of National Assembly and Senate Relations and Inspection. Speaking in front of 42-Chinese business delegates during the Tianxia Chaoshang Economic Conference on 26 August, H.E. Men Sam An highlighted the success ...
Read MoreSCG Contractor Matching Platform to Improve Construction Industry
Cement and building material company Siam Cement Group (SCG) has launched a construction matching platform to improve construction industry standards in Cambodia. Called SCG Contractor Matching Services, the platform allows homeowners and developers to find the right contractors and building materials for their project. Once customers register with the programme, the company will search for qua...
Read MoreCambodia-russia Nearing Agreement on Building Nuclear Research Centre
Sample Nuclear Research Centre by Wikipedia Cambodia and Russia are planning to conclude a draft agreement on the construction of a Nuclear Research and Technology Centre located at the Institute of Technology of Cambodia, according to a press release by the Royal Academy of Cambodia on 23 August. The Department of Science and Technology of the National Council for Sustainable Development of...
Read MoreReal Estate Management Provider Inks Mou With Wing
Cambodia’s real estate management provider Capital Management Solutions (CMS) had signed a memorandum of understanding (MoU) with leading mobile payment portal Wing (Cambodia) Limited Specialised Bank to provide seamless payments solutions for its customers. Under the agreement which was signed on 22 August, CMS’s customers can now make their monthly rent, utilities and management fee payments,...
Read MoreCambodia Imports More Than Us$400 Million of Steel From Vietnam
Photo by Pxhere Cambodia has imported more than US$400 million worth of steel from Vietnam in the first seven months of 2018, according to figures released by Vietnam’s Ministry of Industry and Trade. Between January and July 2018, Vietnam’s steel exports to Cambodia total about 717 tons of steel worth US$462.73 million, which accounted for 37% of the total volume of steel Vietnam exported. ...
Read More3rd Asean Real Estate Network Alliance (Arena) Held in Cambodia
In a bid to expand the real estate business across Southeast Asia, the Cambodian Valuers and Estate Agents Association (CVEA) organised the ARENA 2018 convention and exhibition at the Sofitel Hotel Phnom Penh, Cambodia. Under the theme “How to run real estate companies in ASEAN”, the three-day (August 23-25th) event brought together almost 700 real estate salespeople, estate agent valuers, appr...
Read MoreMLMUPC Issues Executive Regulation on Road Layout
In order to ensure the safety and convenience of the public, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has issued an executive regulation on the road layout plan for pavements, pedestrian paths, and bicycle lanes across the country. The executive regulation was signed on 6 June, 2018 by H.E. Chea Sophara, Minister of MLMUPC. Under the regulation, the committee of ...
Read MoreGovernment to Rehabilitate Sre Ambel-koh Kong Road
Photo: MPWT's facebook In a bid to improve citizens’ access to and use of transport infrastructure, the Cambodian government plans to spend more than US$70 million to renovate National Road 48 linking Sre Ambel to Koh Kong Province, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). Speaking to reporters on 23 August, H.E Sun Chanthol said that ...
Read MoreKorea Studies Mekong River Bridge Construction
Sample / photo: Jax Stumpes Korea has expressed interested in the construction project for the bridge connecting Chroy Changvar to Svay Chrum in Lavea Em District, Kandal Province, according to H.E Vasim Sorya, a spokesman from the Ministry of Public Works and Transport (MPWT). Speaking with Construction &Property Magazine on 22 August, H.E Vasim Sorya said that representatives from Kore...
Read MoreGovernment Decentralises Issuance of Small-scale Construction Permits
In response to the increasing demand for housing construction, Deputy Prime Minister and Minister of Interior Samdech Kralahom Sar Kheng has issued a law by decentralising the authority to issue permits for small-scale construction projects. Dated on 16 August 2018, city, district and Khan administrative levels now have the authority to grant permission for housing constructions of a total size...
Read MoreKeller-Williams market entry to increase licensing requirements, raise tax revenues
To help ensure the sustainability and progress of the real estate sector, local firm Khmer Real Estate Co., Ltd. has acquired the right to franchise the world's largest real estate business, Keller Williams. This commitment was made by Dr Kim Heang, CEO of Khmer Real Estate who told Fresh News that, “all land agents in Cambodia will do business with property licenses and must pay tax to the gov...
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