All News

Malaysia to Build Bangladesh Power Plant

4 October 2016

Bangladesh has awarded the Malaysian government a USD2.5 billion contract to build a 1,320-megawatt coal-fired power plant. The government to government deal follows an MOU signed in 2014 to build the plant in Maheshkhali, in the Cox’s Bazar district near Chittagong. A Malaysian consortium will conduct a feasibility study prior to construction and will then have an equal equity shareholding ...

Aiib Goes Global

4 October 2016

The 57 members of the China-led Asian Infrastructure Investment Bank (AIIB), held its first meeting at the end of June. One of the main topics for discussion was procedures for admitting new members with a strong focus on expanding into Africa and South America.24 countries from these regions are planning to apply before 30 September including Chile, Colombia and Venezuela in Latin America, and...

Vietnam Cancels Usd 20bn Oil Refinery

4 October 2016

Vietnamese government officials in Binh Dinh province have cancelled plans for a USD20bn oil refinery and petrochemicals plant after four years of delays from the managing contractor. Thailand’s state-owned PTT in association with Saudi Arabia’s Aramco was scheduled to build the Victory Nhon Hoi scheme after it was first proposed in 2012. The 400,000 barrel-a-day capacity plant was to have an a...

Minecraft Game to Attract Youth to Cm

4 October 2016

A new version of computer game Minecraft has been launched by the UK Chartered Institute of Building (CIOB) to inspire young students to become the next generation of construction professionals. The game, ‘Craft your Future’, lets 12-14 year-olds explore the methods and skills needed to become a construction manager. The lessons cover four areas of construction, maintenance, restoration, new bu...

World’s First Glass Bottomed Bridge Opens in China

4 October 2016

The world’s longest and highest glass bridge has opened in the Shiniuzhai Geopark in Hunan Province, southern China. At nearly half a kilometre (430m) in length, the bridge is suspended a dizzying 300m above ground with a deck made from 99 panes of glass. The 6m-wide bridge cost USD3.4m to build, and was designed by Israeli architect Haim Dotan. To soothe tourists’ nerves, authorities all...

First Japanese Tile Factory Opens Cambodia

4 October 2016

The opening of the first Japanese tile factory in Cambodia means that customers will now have easy access to a range of high quality corolla tiles. With an initial investment of over USD1 million for its first stage, Omura Concrete Co., Ltd set up its production plant in Kean Svay district, Kandal province in July to supply Cambodia’s growing construction market. “This factory has been estab...

CCA to Organise Overseas Business Tours

4 October 2016

With strong support from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), the Cambodia Constructors Association (CCA) has announced plans to organise overseas business tours for representatives of member companies to enhance their professional knowledge and gain updates on the latest inter- national building technologies. Following a meeting on 23 June where H.E. Chea ...

CCA to Finance Two Beach Entrance Gates

4 October 2016

The Cambodia Constructors Association (CCA) has announced it will finance the construction of two beach gates at Independence Beach. During a 23 June meeting with H.E. Chea Sophara, Minister of Land Management Urban Planning and Construction (MLMUPC), Neak Oknha Pung Kheav Se, the CCA chairman proposed that the assocation would contribute to the cost of the two beach gates at Independence Beach...

3rd CCA Building Expo to showcase Global Brands

4 October 2016

With three months to go until the 3rd Cambodia Construction Industry Expo 2016 in December, dozens of leading global and local building and property brands have already confirmed their presence in the fair. Scheduled for December 1-3, 2016 at the Diamond Island Exhibition and Convention Center, the fair is organised by the Cambodia Constructors Association (CCA) which represents constructors in...

Property Acquistition Awareness in Cambodia

4 October 2016

Before buying real estate in Cambodia, the buyer needs to be aware of basic background details related to the property. It is quite important to have a professional conduct due diligence to determine the form of property title, nature/use of land, location specifics; as well as associated risks. A proper search should reveal the legal status of owner, whether there are current or former encumbr...

Taiwanese Investors Bank on Capital’s Property Boom

4 October 2016

Taiwan is no longer the paradise for landlords it once was in the past. Gross rental yields are now unusually low, which is often a sign of an overvalued market. It is common for high-net worth investors to own more than one property for their own use. Wealthy Taiwanese having excessive savings is one of the factors that have driven speculation in overseas property markets such as Cambodia.Thes...

Chinese Plan Mega-Resort for SihanoukVille

4 October 2016

As part of the One Belt, One Road strategy, a group of Chinese investors have announced a plan for a USD3 billion international resort development project in Sihanoukville province to capitalise on the Kingdom’s prospering tourism industry. The Meas Prak (gold and silver) Beach Resort Development Project will be developed on 337 hectares of land, some 18kmfrom Preah Sihanoukville and 7.3km from...