Industries
Construction
Construction firm to fortify crack in White Building
A Malaysian construction company building a hotel next to Phnom Penh’s iconic “White Building” has agreed to fortify a four-story crack that appeared in the apartment block in February, deputy municipal governor Chreang Sophan said Thursday. ...
Sek Odom
https://www.cambodiadaily.com/news/construction-firm-to-fortify-crack-in-white-building-81324/
PM appeals for the end of lax standards
While offering no concrete solutions to the issue, Prime Minister Hun Sen yesterday appealed for graduating engineers to be aware of generally lax building standards that could have a long-term impact on public safety. Much of Cambodia’s infrastructure was redeveloped after the civil war, and ...
May Titthara
http://phnompenhpost.com/national/pm-appeals-end-lax-standards
Sihanoukville construction sites scaled back
Preah Sihanouk provincial governor Chhit Sokhon ordered three construction sites near Sihanoukville’s O’Tres Beach to scale back their projects on Friday after the owners overstepped building limitations, officials said Sunday. Mr. Sokhon ordered three construction sites along the O’Tres stream, an inlet that stretches about 2 ...
Aun Pheap
http://www.cambodiadaily.com/news/sihanoukville-construction-sites-scaled-back-67371/
Kandal property bought up before bridge announcement
Property investors with inside information may have bought up land across the Mekong River in Kandal province before the announcement of new bridges, a real estate agent claims. Land in areas like Akrei Khsatr commune in Kandal’s Lvea Em district is set to become more valuable ...
Siv Meng and Vandy Muong
http://www.phnompenhpost.com/post-weekend/kandal-property-bought-bridge-announcement
Japanese chain to open hotel in 2015
Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...
Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015
Chinese firm acquires large stake in Kampot $100m cement factory
Chinese firm Huaxin Cement Co has purchased a 40 per cent stake in Cambodia Cement Chakrey Ting Factory Co, a cement-making factory currently under construction in Kampot province. Huaxin’s $24 million investment Cambodia Cement lifted the local factory’s working capital to $60 million, up from $32 ...
Chan Muyhong
http://www.phnompenhpost.com/business/chinese-firm-acquires-large-stake-kampot-100m-cement-factory
Monks Protest Developer’s Construction on Disputed Grounds
About 400 monks and villagers protested Sunday outside Wat Koh Puthivong pagoda in Phnom Penh’s Sen Sok district to protest what they say is a real estate company’s encroachment onto the pagoda’s land, including an island that monks consider sacred. During the protest, dozens of young ...
New BKK1 condo development shoots for 2017 completion
Nine floors of the 32-storey BKK1 condominium project, Platinum Bay, are now completed and construction is slated to be completed by mid-2017. Platinum Bay is located on Street 282, not far from the soon-to-be-completed De Castle Royal, a part of town that property insiders see as ...
Siv Meng
http://www.phnompenhpost.com/real-estate/new-bkk1-condo-development-shoots-2017-completion
Construction raking in cash
Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...
May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash
Monks protest over institute
A group of about 100 people, including 50 or so monks, attempted to march yesterday to protest outside Phnom Penh’s Buddhist Institute, but were thwarted by droves of military police and district security guards on Sisowath Quay. No violence occurred as Independent Monk Network leader But ...
Chhay Channyda
http://www.phnompenhpost.com/national/monks-protest-over-institute
Borey River Town developer eyes second, $100 million property investment
Following the success of Borey River Town, the investor behind it has announced plans to inject $100 million into developing a new project. General manager Teng Rith says that construction of Borey River Town is now 50 per cent complete, with some 80 per cent of ...
Construction, sales of Casa Meridian to get under way this weekend
The Hong Kong-invested Casa Meridian project plans to launch sales and start construction at the end of this month. Casa Meridian is a skyscraper condominium development on Diamond Island (Koh Pich), which developers there hope will become a modern commercial and residential area of Phnom Penh ...
Siv Meng
http://www.phnompenhpost.com/real-estate/construction-sales-casa-meridian-get-under-way-weekend
Institute land not leased: gov’t
Responding to reported fears among staff that the destruction of a wall at Phnom Penh’s Buddhist Institute could herald the piecemeal sale of the grounds to adjacent casino operator NagaCorp, the government yesterday chalked the alarm up to a simple misunderstanding. According to the Ministry of ...
Chhay Channyda
http://www.phnompenhpost.com/national/institute-land-not-leased-gov%E2%80%99t
Institute feeling crowded
Construction work at the site of Phnom Penh’s Buddhist Institute by Hong Kong-listed casino operator NagaCorp has caused concern among staff that the large development is driving away students. In recent days, a wall separating the institute from Hun Sen Park in Chamkarmon district’s Tonle Bassac ...
Chhay Channyda
http://www.phnompenhpost.com/national/institute-feeling-crowded
Hun Sen returns from fruitful week in China
Prime Minster Hun Sen arrived back in Phnom Penh on Sunday after a weeklong visit to China for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...
Phorn Bopha and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-returns-from-fruitful-week-in-china-59560/
Cambodia sees big jump in construction investment in first quarter
Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday. During the January-March period this year, the ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=219820
Veng Sreng Street Upgrade behind schedule
The head of a construction company working to upgrade Phnom Penh’s dusty, potholed Veng Sreng Street said Thursday that the project would take twice as long to complete as expected. In November, Phnom Penh governor Pa Socheatvong announced that a 6.5 km strip of the road—which ...
Sek Odom
http://www.cambodiadaily.com/news/veng-sreng-street-upgrade-behind-schedule-58872/
Standard forms aim for public bid transparency
The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...
Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency
For Union Leader on Run, Militant Attitude Prevails
Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...
Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/
Giant development in Cambodia hinges on Chinese buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...
Chris Horton
http://www.property-report.com/cambodias-mega-development-lures-chinese-investors-34672
Ministry fails to settle fears over Koh Kong dam
A meeting at the Ministry of Mines and Energy on Friday about plans for a controversial hydropower dam in Koh Kong province failed to assuage fears among those trying to stop the project that construction had already been approved. During Friday’s meeting, officials from the ministry ...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/ministry-fails-to-settle-fears-over-koh-kong-dam-58021/
More Phnom Penh residents facing possible eviction
Dozens of villagers in Phnom Penh’s Russei Keo district are facing eviction after the National Cadastral Commission announced last week that a number of areas in Tuol Sangke commune are earmarked for future redevelopment. The commission’s plans for new projects, including a road widening, were posted ...
Ben Sokhean
http://www.cambodiadaily.com/news/more-phnom-penh-residents-facing-possible-eviction-58031/
De Castle Royal launches leaseback program
In a first for Phnom Penh, South Korean condominium developer Nury D&C has teamed up with SBI Royal Securities to offer condominium buyers a leaseback arrangement on the remaining condo-miniums and condo-minium blocks for sale at De Castle Royal. The 32-storey De Castle Royal has a ...
Post Staff
http://www.phnompenhpost.com/real-estate/de-castle-royal-launches-leaseback-program
Sihanouk statue waves down on Royal Palace
A familiar figure has popped up atop a building that authorities in Phnom Penh ordered demolished in October for violating height restrictions around the Royal Palace: a statue of late King Father Norodom Sihanouk. “I have built a King statue on the top of my building ...
Aun Pheap
http://www.cambodiadaily.com/news/sihanouk-statue-waves-down-on-royal-palace-56896/