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Construction Among Top Sectors Affected by Ai Technology
Sample photo by Small Business Exchange Construction is among the top sectors most affected by Artificial intelligence (AI) technology, according to a newly published report by technology conglomerate CISCO and research analysis Oxford Economics. While claiming that the use of artificial intelligence (AI) through software, hardware, and robotics, has the potential to transform business capab...
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Inappropriate Renovations Cause Building to Collapse in Siem Reap
The collapse of a French colonial building on Sunday in Siem Reap during renovations was caused by an inappropriate renovation and a lack of construction techniques, according to a government official. Speaking with The Phnom Penh Post, head of the Siem Reap land management officer Mr Sar Chan Phallin said that the building collapsed due to “inappropriate renovations” while citing that the cont...
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Cambodia’s Economy to Grow at 7.2% Driven by Strong Construction Activities
The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Cambodia’s economy is to grow at 7.2% in 2018, supported by strong construction activities and other important sectors such as garment manufacturing and tourism-related services. The forecast came as a result of AMRO’s preliminary assessment following its Annual Consultation Visit to Cambodia on September 4 to 12, 2018. “Camb...
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China Dominant in Cambodia Property and Tourist Sector
A new report by Business Times shows that China is driving Cambodia’s property and tourism sector with massive investment expected to continue flowing into the country. Entitled “China Drives Cambodia’s Booming Property Market And Tourism Sector”, the report highlights the rapidly increasing Chinese investment in Southeast Asia, especially in Cambodia as well as the high numbers of Chinese tour...
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Real Estate Agent UAS Sees Bright Future for Retail Malls
The rapid growth of Cambodia’s retail sector in recent years, thanks largely to the emergence of a middle class now numbering two million, have together been catalysts for the significant rise in retail mall tenancies, with the future only looking bright for this real estate sector. On 5 September, Construction and Property Magazine sat down with Mr Simon Griffiths, Managing Director for retail...
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After Deadly Quake, Indonesians Urge Return to Traditional Building Methods
Photo by nl.wikipedia.org After the collapse of modern concrete buildings was responsible for a high death toll and homelessnessfollowing the deadly earthquakes in Indonesia, many have called for a return to traditional construction methods using natural materials. The Associated Press reported that 436 people died as a result of the 5 August earthquake on the island of Lombok, the majority ...
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Cambodia Needs Over 100,000 Hotel Rooms by 2030
Minister of Tourism H.E Thong Khon, has forecast that Cambodia will need more than 100,000 hotel rooms to accommodate the increasing number of national and international tourists which is expected to total to around 28 million by 2030. According to the minister, among the 100,000 rooms, 60% of them will require luxury four and five-star hotels (about 60,000 rooms) with Sihanouvkille Province al...
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Eurocham’s Breakfast Talk Marks a Milestone on Energy Outlook
The European Chamber of Commerce in Cambodia (EuroCham Cambodia) organised a Breakfast Talk regarding “Bloomberg’s 2018 New Energy Outlook” on 30 August 2018, bringing an in-depth understanding on how low-cost energy options are reshaping energy investment plans. Held at Raffles Hotel Le Royal, Phnom Penh, the event brought guest speakers from Bloomberg New Energy Finance (BNEF), Investing in I...
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Phnom Penh to Become Trade Hub for Foreign Investors
With massive building projects emerging and sustained growth, Phnom Penh is becoming a trade hub for foreign investors, according to H.E. Men Sam An, Deputy Prime Minister and Minister of National Assembly and Senate Relations and Inspection. Speaking in front of 42-Chinese business delegates during the Tianxia Chaoshang Economic Conference on 26 August, H.E. Men Sam An highlighted the success ...
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MLMUPC Minister Orders Shutdown on Recognition of Unregistered Property Transfers
Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has ordered the respective authorities to stop checking and certifying property transfer documents that have not been recognised by the cadastral office, according to a document obtained by Fresh News dated August 16, 2018. As stated in the document, the move came as a result of increasing numb...
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