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ខ្មែរ Uncategorized
Think Tank Urges Private Sector to Provide More Internships for Construction-related Jobs
- 7 August 2018
Experts in different government and private institutions have called for more internships and training programmes for students and workers, especially for construction-related jobs. This campaign was called for during a half-day seminar held under the theme of “Partnership for Work-based Learning: Experiences and Possibilities” organised bythe Cambodia Development Resource Institute (CDRI) at t...
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NBC: Construction Sector Strength Driven by Three Factors
- 6 August 2018
According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector. The first factor is market growth in construction raw materials which increased 27% in the first six months of 2018. The second factor is the increase of credit for the construction sector increased by 30%. Indeed, credit for the construction sector r...
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Japan to inject over US$1 billion to construct huge safari park in Cambodia
- 3 August 2018
In a bid to promote the country’s eco-tourism as well as preserve wildlife, the Royal Academy of Cambodia (RAC) has signed a memorandum of understanding (MoU) with Japanese firm BM Nature Safari Co., Ltd to create an eco-tourism park in PreahVihear Province. Signed in July 2018, the new project is located inside the TechoSenRusseyTreb Park of the Royal Academy of Cambodia, covering a114-hectare...
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Siem Reap to welcome US$70 million Cambodia-China Cultural and Creative Park
- 3 August 2018
China’s Yunnan Cultural Industry Investment Holding Group has recently injected US$70 million to build a Cambodia-China Cultural and Creative Park in a home of famous Angkor temples—Siem Reap Province, Cambodia. Located nearby the Sokha Siem Reap Hotel, the park is being built on a total of 3.3 hectares of land area and will house a 1,500 seat ”Smile of Angkor” theatre, a Zhou Daguan Museum, Ch...
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Showcase comprehensive SE Asia seaside resort breaks ground in Sihanoukville
- 2 August 2018
Photo by The Prince Tian Xi Wan Prince Real Estate Group (Cambodia) on 1 August broke ground on The Prince Tian Xi Wan project—the first comprehensive seaside resort of its kind in Cambodia and Southeast Asia. Located in Sangkat Bey, Sihanoukville, the Prince Tian Xi Wan has a total building area of over 300,000 square metres, covering a series of facilities including an international commer...
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The importance of the dispute resolution clause in the construction contracts
- 2 August 2018
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the construction industry with the development of many internat...
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Credit for Construction and Real Estate Sectors Remains Robust
- 2 August 2018
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans. According to the 2018 semi-annual report by NBC, non-performing loans in the construction and real estate sectors are still low. Indicators show that currently non-perf...
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
- 1 August 2018
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are rented from the Royal Express Boat Company. Each is capable of carrying up to 60 passeng...
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Construction of the five-star Prince Times Hotel completed
- 1 August 2018
Construction of the luxury five-star hotel Prince Times Hotel located in the heart of Sihanoukville Province has been completed and is scheduled to open next month. On 31 July, Prince Times Hotel Management Co.,Ltd, a subsidiary of the giant Chinese property developer Prince Real Estate Group (Cambodia) announced that the construction of its 193-key hotel is complete and the company plans to ma...
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Renovations on National Road 3 begin
- 31 July 2018
Renovations on National Road No.3 have begun, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). During a visit to follow up on the construction project along National Roads 41, 3 and 33, H.E Sun Chanthol said construction of the Chom Chao-BekKoos junction along National Road 3 has commenced. This junction will be expanded to dual carriageway with ...
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