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ខ្មែរ Uncategorized
After Deadly Quake, Indonesians Urge Return to Traditional Building Methods
- 5 September 2018
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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China to Inject Us$1.2billion on Tourism Project in Koh Kong
- 4 September 2018
Dara Sakor Resort China Union Development Group Co., Ltd has revealed plans to invest billionsof dollars on the construction of a “Tourism City” located in the coastal city Koh Kong Province. In a meeting with H.E Pan Sorasak, Minister of Commerce (MoC) Mr Li Tao, Chairman of the Board of Director of Union Development Group Co., Ltd, said that his company plans to invest US$1.2 billion to bu...
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Cambodia Receives Significant Investment on Furniture and Construction Materials
- 4 September 2018
While construction sectors continues to boom in Cambodia, investment in furniture and other construction materials are also increasing. Indeed, on 3 September the Council for the Development of Cambodia (CDC) had approved the US$10 million investment project from TGH (Cambodia) Industrial Co., Ltd. Located in Sihanoukville Special Economic Zone (SEZ), the investment project is aimed at building...
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Chip Mong Breaks Ground on 271 Mega Mall
- 1 September 2018
Chip Mong Retail, a subsidiary of Cambodian conglomerate Chip Mong Group, held a groundbreaking ceremony on 30 August for its first-ever world-class shopping center Chip Mong 271 Mega Mall located along Yothapol Khemarak Phoumin Blvd (271). The 271 Mega Mall covers a total area of 160,000 square meters (about 16 hectares) offering a mix of different lifestyle brands, products, services, as well...
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Malaysian PM Pulls the Country Back From Infrastructure Plans With China
- 31 August 2018
Photo by World Economic Forum Malaysian Prime Minister Mahathir Mohamad continues to indicate his plans to abandon the multi-billion dollar Chinese-sponsored infrastructure program agreed to by previous PM Najib Razak. PM Mahathir has already suspended almost US$25 billion of Chinese projects including the $20 billion East Coast Rail Link and two huge petroleum pipeline projects. His rati...
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Eurocham’s Breakfast Talk Marks a Milestone on Energy Outlook
- 31 August 2018
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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Maruhan Group inks construction deal with Lotte E & C
- 30 August 2018
Japan-based entertainment conglomerate Maruhan Group has signed a contract with Lotte Engineering & Construction Co., Ltd (Lotte E & C) for the construction of Sathapana Bank Plc’s new head office. On 29 August 2018, Maruhan Investment (Cambodia) Co., Ltd, subsidiary of Maruhan Group (owner of Sathapana Bank Plc) signed a contract agreement with Lotte E & C for the 22-storey, 103-me...
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Minister Requests Support for Flyover in Stung Bot
- 29 August 2018
Sample photo by Wikimedia Commons In a bid to ease traffic around the Stung Bot border checkpoint, H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT) has asked Japan to support the construction of a flyover at the Stung Bot intersection. Therequest was made during a meeting between H.E. Sun Chanthol and the Japan International Cooperation Agency (JICA) missi...
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Government Approved Chinese Mega Development Project Along the Riverside
- 29 August 2018
The Council for the Development of Cambodia (CDC) has approved the investment project located along the Tonle Sap River that was requested by Chinese real estate developer, Chean Chhoeng Thai Group, a subsidiary of Yuetai Group. Called “The City Gate” mega commercial complex, the investment project will cost Chean Chhoeng Thai Group US$531.6 million and can create additional 21,684 jobs for the...
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EDI Port Project Set to Finish by 2021
- 28 August 2018
The project for the Electronic Data Interchange(EDI) system for ports in Cambodia is set to be operational by 2021, according to Dr Masahiko Furuichi from the Japan International Cooperation Agency (JICA) mission team. In a meeting with Senior Minister and Minister of Public Works and Transport (MPWT) H.E. Sun Chanthol on 27 August, Dr Masahiko Furuichi said that the Japan-funded port EDI proje...
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