Industries
Construction
Anti-dam activists set to block workers’ arrival
Members of an ethnic minority in Koh Kong province’s Areng Valley stood watch Thursday to block a road leading to the site of a proposed dam after they heard that Chinese workers would inspect the site, community representatives said. Villagers believe that the Chinese company Sinohydro ...
Khuon Narim
http://www.cambodiadaily.com/news/anti-dam-activists-set-to-block-workers-arrival-56442/
Latest property reports offer evidence of strong growth
In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...
Post Staff
http://www.phnompenhpost.com/real-estate/latest-property-reports-offer-evidence-strong-growth
Return reps, upgrade paycheck, say strikers
More than 200 workers at a company connected to Thai firm K Cement downed tools yesterday and protested in front of the factory in Kampot province, demanding major pay increases and for fired unionists to be reinstated. Ty Yann, secretary of the Building and Wood Workers ...
Sen David
http://www.phnompenhpost.com/national/return-reps-upgrade-paycheck-say-strikers
Residential property prices see steady growth
A property expert and investor in the construction sector says that home prices have increased between 10 and 20 per cent so far this year compared to last year. Kim Heang, president of Khmer Real Estate, says that demand for property in boreys is healthy. Most ...
Siv Meng
http://www.phnompenhpost.com/real-estate/residential-property-prices-see-steady-growth
Small-scale construction firms suffer amid slump in demand
Small business owners in the pillar construction industry say they are facing hard times as demand increases for large pillars but diminishes for small-scale construction. Chheang Bona, director of 7FTD Co, Ltd in Vihear Sour commune, in Kandal province’s Ksach Kandal district, said that his ...
The Editor
http://www.phnompenhpost.com/real-estate/small-scale-construction-firms-suffer-amid-slump-demand
Koh Russey, a jewel by the sea
After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...
Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea
Construction on Cambodia Plaza resumes after years-long delay
After postponing construction due to the 2008 economic crisis, work on the ambitious Cambodia Plaza is gradually being resumed. The plaza is a mixed development project along Russian Boulevard close to the western end of the 7 January Overpass. Cambodia Plaza project manager Adam Liv said the ...
Siv Meng
http://www.phnompenhpost.com/real-estate/construction-cambodia-plaza-resumes-after-years-long-delay
City’s third overpass shoots for ahead-of-schedule completion
Phnom Penh’s third overpass, or flyover, bridge is now close to completion, some eight months ahead of schedule, and its planners say it will not only greatly improve traffic congestion in the southwest of the city but will also lead to price increases for property ...
Post Staff
http://www.phnompenhpost.com/real-estate/city%E2%80%99s-third-overpass-shoots-ahead-schedule-completion
Construction on triple-tower Times Centre to start in June
Work on a triple-skyscraper complex near Olympic Stadium announced in February is due to get under way in June this year and be completed in 2017, according to the project supervisor. With its slogan “The heart of Phnom Penh”, Times Centre is slated to feature three ...
Siv Meng
http://www.phnompenhpost.com/real-estate/construction-triple-tower-times-centre-start-june
Minister calls for construction of plastic recycle plants in Bavet, Sihanoukville
Say Sam Al, Minister of Environment, on Thursday called for construction of plastic recycle plants in Bavet and Sihanoukville. Speaking at the meeting, the minister said that in the last 20 years Ministry of Environment as well as Cambodian government didn’t allow trash recycle in ...
The Cambodia Herlad
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NzAwNDJmMjdmZTN
Insurance investment in construction and property see year-on-year increases
Cambodia’s insurance business is continuing to make strides, with the total value of engineering insurance reaching approximately $4 million in 2013, a significant increase compared to 2012. According to data recently released by the Insurance Association of Cambodia, the value of engineering insurance purchased in 2013 ...
Mixed reaction to coal-fired plant
Cambodia’s first coal-fired power plant, which is expected to fill shortages in demand by producing an additional 100 megawatts of electricity every year, commenced full-time operations yesterday. Representatives from Malaysian company Leader Universal Ltd (LU), which built the plant, joined Prime Minister Hun Sen and ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/mixed-reaction-coal-fired-plant
Diamond Island complex reveals towering ambitions
Construction of the luxury Diamond Island Riviera residential project on Koh Pich is under way after a groundbreaking ceremony last month. The Western-themed, all-modern residential project – a $700 million joint-venture between the Overseas Chinese Investment Company (OCIC) and Chinese Jixiang Investment – is just one ...
Siv Meng
http://www.phnompenhpost.com/real-estate/diamond-island-complex-reveals-towering-ambitions
IMF says Cambodia's strong outlook subject to 'considerable' risks
Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2FjYzE4NzRmYzQ
Illegal factory floor removed
The illegally built second storey of the Siu Quinh garment factory in Phnom Penh has been destroyed, factory officials and workers said yesterday. Bun Leng, administrative manager at the factory in Dangkor district, said his company had demolished the floor after inspection from a private company ...
Mom Kunthear
http://www.phnompenhpost.com/national/illegal-factory-floor-removed
Construction investment notably increases in 2013
Construction investment in Cambodia in the past 11 months of 2013 was worth of USD 2.4 billion or 1526 projects, covering construction area of 7 million sq km, said The Ministry of Urbanization and Construction. The ministry added that compared with the same period of last ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NTEzNDI5N2YzMGE
Yearender: Cambodia's economy remains strong in 2013 despite political row, flood havoc: officials
Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...
Nguon Sovan and Wang Qibing
http://news.xinhuanet.com/english/business/2013-12/19/c_132979125.htm
Cambodia to attend CLV united front meeting in Laos
Heads of the national united fronts from three Indochina countries will meet in Vientiane on Wednesday for the Second Summit Meeting. The Lao Front for National Construction (LFNC) President, Dr Phanduangchit Vongsa, informed the media about the planned agenda last week. President of the Solidarity Front for ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YmUxZTVjNGY3OTU
Buildings Near Palace to Be Partially Demolished
Phnom Penh municipal governor Pa Socheatvong maintained Wednesday that the city would partially demolish two buildings near the Royal Palace because they exceed the height limit stated in their contracts, though he did not specify when the demolition would occur. One building, owned by Vattanac ...
Aun Pheap
http://www.cambodiadaily.com/news/buildings-near-palace-to-be-partially-demolished-48635/
Factory inspection turns up unauthorised floor
Inspectors from the ministry in charge of construction who were called to investigate a “shaking” garment factory last Tuesday discovered that an entire extra storey had been built without permission or oversight from authorities, officials said yesterday. As workers returned to the Siu Quinh Garment factory ...
Mom Kunthear and Shane Worrell
http://www.phnompenhpost.com/national/factory-inspection-turns-unauthorised-floor
Anniversary marked by inaction
Six months after two of her co-workers were crushed to death when a storage level collapsed at the Wing Star Shoes factory in Kampong Speu, employee Yu Manith is noticing the cracks in a factory wall beginning to expand. Shortly after police rummaged through the ...
Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/anniversary-marked-inaction
Insurance claims through the roof
Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...
Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof
Cambodia's construction industry looks ahead
Cambodia’s construction industry took a major step forward in its development on Tuesday with the second summit of the Cambodia Constructors Association at DARA Airport Hotel. The summit occurred alongside an exhibition of construction products, materials and services. Association chairman Pung Kheav Se said that was ...
Hin Pisei
http://www.phnompenhpost.com/real-estate/cambodias-construction-industry-looks-ahead
City faces gigantic 45-storey change
Phnom Penh will be a changed city and more attractive when twin 45-storey condominium towers are completed in the coming three or four years, developers say. Sung Bonna, director of Bonna Realty Group, said Singaporean outfit The Bridge Company, would start constructing the twin skyscraper buildings ...
Siv Meng
http://www.phnompenhpost.com/real-estate/city-faces-gigantic-45-storey-change