Technology and Engineering
World Bank: China Slowdown, Cambodia Construction and Real Estate Prone to Risk
Photo by General Department of Taxation As Cambodia’s main source of investment inflow comes from China, a slowdown in its economy will likely to see Cambodia’s construction and real estate sectors prone to risk, according to a World Bank Economic Update Report released last week. While projecting that Cambodia’s economy would grow at around 7% in 2019, the World Bank cautioned against Cambo...
Read MoreStudy on Improving Railway Network Starts
Photo by Ministry of Public Works and Transport China Railway Construction Corporation (CRCC) Limited starts its mission in conducting study on improving the railway network in Cambodia and the transportation infrastructure in Phnom Penh City to ease traffic congestion. In a meeting with H.E Sun Chanthol, Minister of Public Works and Transports on 9 May in Phnom Penh, CRCC’s vice chairman Wa...
Read MoreUs$200 Million ‘one Central Tower’ Project Ground Breaks in Boeung Snor
Global investment firm B.I.C Group broke ground on its first real estate project ‘One Central Tower’ located in the east of Phnom Penh on 06 May 2019 with the aim to transform the area into a world-class urban destination, according to their press release. Situated in the heart of the Boeung Snor area, the ‘One Central Tower’ is a US$200 million multi-phase development project featuring commerc...
Read MoreConstruction of Japan-funded Teacher Education College (TEC) Begins
Photo by JICA Cambodia Office The Cambodian Minister of Education, Youth and Sport and the Japan Ambassador to Cambodia witnessed the ground-breaking ceremony of Teacher Education College (TEC) located in Phnom Penh on 07 May. Funded by the government of Japan, the TEC will see construction of an academic block, administration block, science and art lab, library, assembly hall, and provision...
Read MoreKampot International Tourism Seaport Construction Completed by End of 2019
Construction on the Kampot International Tourism Seaport is now about 25% complete with work on the facility expected to finish before end of 2019. The plan is for the seaport to be complete in time for the 8th Sea Festival, the annual tourism event scheduled to be held in Kampot province in December this year. Soy Sinol, director of the Kampot Provincial Tourism Department, said the seaport...
Read MoreWinners Announced for PropertyGuru Cambodia Property Awards 2019
The winners for the finest real estate projects in Cambodia were announced at the Gala Dinner of the ‘4th Annual PropertyGuru Cambodia Property Awards’ held at Sofitel Phnom Penh Phokeethra on 03 May 2019. With more than 370 guests joining the award ceremony presented by American manufacturer Kohler, the night was full of excitement with close to 40 awards going out over different entries with ...
Read MoreGround Broken on Manila’s First Metro
Photo by Wikipedia Ground was broken on Manila’s first ever metro system in March 2019, although the Japanese contractors responsible have already warned that the 2022 deadline for completion is too optimistic. The project is a key pillar of President Duterte’s “Build, build, build” infrastructure programmed, a plan to spend over US$150bn on road, rail and air schemes. Japan and China are co...
Read MoreKey Advantages to Using a Property Management Company to Manage Your Cambodian Real Estate Assets
Appointing a skilled property management company can significantly add value to your real estate portfolio while reducing the time and costs spent on having to manage the administrative, legal and technical issues associated with owning them. The recent completion of numerous real estate developments in Cambodia over the past few years has given rise to some interesting questions about how and ...
Read MoreUS$200 Million Water Treatment Facility to Be Built in Preah Sihanoukville
Photo by Ministry of Pubic Works and Transport The government plans to build a water treatment facility worth US$200 million in Preah Sihnoukville province with a capacity to convert 60,000 cubic metres of contaminated water to clean water per day. During a field visit to the water treatment facility sites in Preah Sihnoukville city, Senior Minister and Minister of the Ministry of Public Wor...
Read MoreChinese Firm Plans for 200 Megawatts Solar Power
Photo by Global Business Insight Chinese electricity investment company plans to invest in 200 megawatts solar power plant, according to the result of a meeting between Prime Minister Samdach Techo Hun Sen and the company’s representative in China. According to Samdach Hun Sen’s Facebook Post on 28 April, representative of China Huaneng Group, which has previously invested in the Lower Sesan...
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