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. Among the 10 conditions to me...

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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. Speaking to the audience of around 40 people, Mr Charles ...

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Ministry of Labour: Report on Brick Slavery is Not True

Mr Veng Heang, Director of the Child Labour Department MLVT 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). On 01 November, 2018, Construction&Property Magazine sat down with Mr Veng Heang, Director of the Child Labour Department MLVT, to further discuss the allegations...

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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,...

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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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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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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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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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Booming Construction Sectors Attracts More Than Us$5 Billion in FDI

Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs. In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 mi...

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