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.
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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.
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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 million square metres.
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“Buy and Sell Property” Seminar to Open for Public at Raffles Hotel
A seminar on buying and selling properties in Cambodia is to welcome participants at Raffles Hotel Le Royal.
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Blood-bricks: Booming Construction in Cambodia Built on Modern Day Slavery
The booming construction industry in Cambodia has been built on modern slavery with climate change being the key driver for the workforce, according to research by Royal Holloway, University of London published on 16 October, 2018. Entitled"BLOOD BRICKS: Untold Stories of Modern Slavery and Climate Change from Cambodia", the report shows that“tens of thousands of debt-bonded families in Cambodia extract, mould, and fire clay in hazardous conditions to meet Phnom Penh’s insatiable appetite for bricks”
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How Convenience Stores and Minimarts Shape Retail Markets
The retail sector in Cambodia has been buoyed by ongoing economic growth, but retailers in Cambodia have been slower to modernize and the country remains as one of the most unsaturated convenience-store markets in Asia.
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IMF Cautions Cambodia on Credit in Real Estate Sector
Cambodia needs to be more cautious about credit in the real estate sector, according to the end-of-mission press releases issued by the International Monetary Fund (IMF) on 2 October, 2018 regarding the preliminary findings of the “2018 Article IV consultation”. The preliminary findings (not the views of the IMF’s Executive Board) of the 23-day mission 19 (September to 2 October, 2018), show that Cambodia's economy in 2018 will grow at 7.25% while inflation will remain relative low at 2.5%.
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Real Estate in Sen Sok District in High Demand
Thanks to extensive ongoing development in the area, Sen Sok district is the most in demand area in Phnom Penh among real estate buyers, according to local experts.
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European Union Organises Seminar on Problems Faced by Female Construction Workers
The European Union recently organised a half-day seminar to discuss the problems and challenges faced by female construction workers in Cambodia. Held on 27 September, 2018 at Tonle Bassac II Restaurant, the seminar was attended around 40 people including representatives from the Ministry of Labour and Vocational Training, Care Cambodia, Australian Development Cooperation, construction companies, and female construction workers.
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CCA Predicts Positive Growth for Construction Industry in H2 2018
The Cambodia Constructors Association (CCA) has predicted that the construction industry will continue to growin the second half of 2018 and the demand for raw construction materials will also increase. Reflecting on the National Bank of Cambodia’s (NBC) semi-annual report regarding the import of construction materials during the first six months of 2018, Mr Chiv Sivpeng, general manager at the CCA had a positive outlook on the supply of construction materials.
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