Land Minister Sets Out Three Proposals to Promote Construction Standards
In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associations (CCA).
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Construction and Real Estate Continue to Pose Risks for Financial Sector in Cambodia
While Cambodia's economy is expected to grow by 7.1% in 2018, the construction and real estate sectors continue to pose risk to the financial sector, according to the World Bank. The World Bank report entitled 'Cambodia Economic Update' published on 28 November, 2018, highlighted that "risks in the financial sector continue to grow, with large exposure to the construction and real estate sector".
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With the Chinese Influx, Why Are Locals in Sihanoukville Pushing for Bank Loans?
The beautiful tourist city in the southwest of Cambodia has been drawing so much attention over the last few years, the cityscape has changed dramatically with the construction of many new buildings together
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World Bank: Dealing With Construction Permits in Cambodia for 2019 Improved
Cambodia has improved its work on the ‘dealing with construction permits’ for 2019, according to the World Bank's Doing Business Report 2019. On 31 October, 2018, the World Bank published its report on doing business across 190 countries in which Cambodia has achieved reforms on the dealing with construction permits where the score has improved compared to 2018.
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Insurance Gaining in Importance in Cambodia’s Construction Sector
With the rapidly increasing construction activities across the country, the insurance market is gaining in importance and relevance. On 01 November, 2018, EuroCham hosted a breakfast talk on ‘Construction Insurance Policies in Cambodia’ that provided detailed information on the importance of having insurance for construction projects.
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Ministry of Labour: Report on Brick Slavery is Not True
The recent report on modern slavery in Cambodia published by Royal Holloway University is not true, according to the Ministry of Labour and Vocational Training (MLVT).
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More Construction Expected in Kep and Kampot
Kep and Kampot Provinces are expected to see more construction coming in the short term, according to the Ministry of Public Works and Transport (MPWT). On 30 October, 2018, H.E Sun Chanthol Senior Minister and Minister of MPWT said during the dissemination seminar on the ‘Logistics Master Plan Study Report’ that the ministry is currently working on the master plan for major cities in Cambodia, especially Kep and Kampot Provinces.
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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.
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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,
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Three Types of Property in Phnom Penh Show Post-election Positive Change
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.
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