Construction
Construction policy and regulation
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
No Demolition Yet as Buildings’ Deadline Nears
There was little sign Wednesday that two new buildings near the Royal Palace in Phnom Penh, which have been ordered to reduce their height, were any closer to demolition Wednesday, despite the approach of a one-month deadline from City Hall. Phnom Penh municipal officials said last ...
Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/no-demolition-yet-as-buildings-deadline-nears-46960/
Trade With Indonesia up but Logistics a Hurdle
Trade and tourism between Indonesia and Cambodia is growing but the two countries can still increase cooperation in those fields, according to participants in the 7th Indonesian Trade and Tourism Promotion exhibition on Phnom Penh’s Koh Pich on Sunday. The sale of Indonesian pharmaceuticals, food products ...
George Styllis
http://www.cambodiadaily.com/business/trade-with-indonesia-up-but-logistics-a-hurdle-46146/
Cambodia's per capita GDP to reach 1,036 USD this year: PM
Cambodia’s per capita GDP was projected to hit 1,036 U.S. dollars in 2013, up from nearly 1,000 U.S. dollars in a year earlier, Prime Minister Hun Sen said Saturday. The premier said the country has enjoyed full peace and political stability in the last 15 ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/21/c_132737987.htm
Insurance Sector Sees Growth in First 6 Months
Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/insurance-sector-sees-growth-in%E2%80%88first-6-months-42216/
Sokimex Orders Businesses Off Prime Real Estate
Dozens of business owners occupying more than 8,000 square meters of prime real estate behind Phnom Penh’s Wat Ounalom have been ordered to vacate their premises by the local conglomerate Sokimex Group, an official from the firm said Wednesday. Though the firm declined to say what ...
Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/news/sokimex-orders-businesses-off-prime-real-estate-41237/