Glory Flame Holdings plans construction and real estate expansion into Cambodia

Sample project plan of Glory Flame Hong Kong-based construction company, Glory Flame Holdings Limited, is seeking opportunities to expand into Cambodia, according to its interim results report dated 10 August 2018 for the six months to 31 June 2018. After incorporating indirectly with two wholly-owned subsidiaries, namely, W.A.N.K.E. Investment Co., Ltd and Chiuwai Construction Co., Ltd the ...

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Poipet Sees Green Light for Us$68 Million Investment Projects

On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City, Banteay Meanchey Province. According to CDC, the projects are located in Kbal Spean Village, Sangkat Poipet, Poipet City, Banteay Meanchey Province which will bring another 836 jobs to the p...

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Makro to Build Huge Commercial Centre in Siem Reap Province

Makro in Phnom Penh On August 10, 2018, the Council for the Development of Cambodia (CDC) approved plans by Makro (Cambodia) Company Limited to build a huge commercial centre in Siem Reap Province worth more than US$18 million. According to the CDC, this project is located in Kork Thnout Village, Sandan Commune, Prasat Bakong District, Siem Reap Province. This new commercial project will hel...

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Skills gap highest in construction industry according to new report

A new survey conducted by Cambodia’s National Employment Agency (NEA) in collaboration with the Swedish International Development Cooperation Agency (SIDA) showed that in 2017, the skills gap (when existing staff cannot perform up to the level required by employers) in the construction sector ranked the highest among ten business sectors. The report entitled "Skills Shortages and Skills Gaps in...

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Takeo Province Chosen for Digital Village Pilot Project

The Republic of India has signed an agreement with the Ministry of Posts and Telecommunications selecting Traing District in Takeo province as the target location to implement a Digital Village pilot project. The information was disclosed while the Ambassador of India to Cambodia H.E. Ms. Manika Jain paid a courtesy call on the Minister of Posts and Telecommunications H.E. Tram Iv Tek in Phnom ...

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Ground broken on ADB-backed Kampot Tourist International Port

Construction of Cambodia's Tourist international port in Kampot Province,funded by the Asia Development Bank (ADB),began on 8 August, 2018 with the Minister of tourism, Kampot Governor, representatives from ADB and almost 100 people attending the ground breaking ceremony. According to an official press release, the project will cover an area of 4 hectares, is being built by Cambodian engineerin...

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US$32 Million Cement Factory Announced for Sihanoukville Special Economic Zone

Sample Photo of Cement Plant. Photo Credit: Himalayan Times King Elephant Construction Material Industrial CO., Ltd recently announced their plan to invest US$32.6 million to build a cement factory in the Sihanoukville Special Economic Zone in response to rising demand in the Cambodian market. After an official meeting between the company representatives and the Sihanoukville Deputy Governor...

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Win-win Memorial Set to Open in December

The Cambodia’s peace symbol building “Win-Win Memorial” is set to inaugurate on the occasion of the 20th anniversary of the government's win-win policy which will take place on December 29, 2018, according Fresh News. On August 7, 2018, deputy Prime Minister and Minister of National Defense H.E. General Tea Banh, had attended the meeting to follow up on the progress of the construction of the “...

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Angkor Wat Ranked as #1 Landmark in the World by Tripadvisor

The renowned online worldwide travel planning company TripAdvisor recently announced the winners of its Travellers’ Choice Award for Landmarks in the World and Angkor Wat Temple in Cambodia was ranked #1 for its magnificent historical architecture. This is second consecutive year for Angkor Wat to receive this award and it will be officially conferred on the monument by TripAdvisor on 9 August ...

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Think Tank Urges Private Sector to Provide More Internships for Construction-related Jobs

Experts in different government and private institutions have called for more internships and training programmes for students and workers, especially for construction-related jobs. This campaign was called for during a half-day seminar held under the theme of “Partnership for Work-based Learning: Experiences and Possibilities” organised bythe Cambodia Development Resource Institute (CDRI) at t...

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Phnom Penh Office Market Remains Robust in Q2

Office Supply in Exchange Square. Photo Credit: Exchange Square Despite the decrease in total supply by 3.3 percent in Q2, the Phnom Penh office market remained robust with an overall occupancy rate of 87.7% - a 5% increase from Q1 - according to a report by CBRE Cambodia. The decrease in supply was caused by the closures of aging stock in the Grade C sector as landlords sought to refurbish ...

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Kampot deep seaport plans put China’s rising role in perspective

Sihanoukville Autonomous Port The construction of a new deepwater seaport in Kampot is currently undergoing a feasibility study, following the agreement signing ceremony between a Cambodian company and a Chinese firm in April this year. The new deep water seaport is a cooperation between China’s Guangxi Beibu Gulf International Port Group and the well-known Try Pheap Group from Cambodia. Acc...

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