Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Cambodia  News  >>   Investment  >>   Work on Cambodian skyscraper stops
NEWS UPDATES 14 September 2010

Work on Cambodian skyscraper stops

Related Stories

August 23, 2010
Free-trade pact may kick-start Cambodia

June 21, 2010
Vietnam to raise investment in Cambodian rubber

June 18, 2010
Vietnamese firm urges infrastructure

June 15, 2010
U.S. to lend $500m to Vietnam

May 18, 2010
Vietnam sees need to control FDI projects using domestic capital

Work at Phnom Penh's Gold Tower 42 has been temporarily suspended, with developers unable to say when work will restart on the much-anticipated US$240- million skyscraper.

When finished, Gold Tower was set to become the tallest building in the capital at 192 metres, dwarfing the 32-storey Canadia Tower at 118.1 metres. But so far, just 31 storeys of structure, being built on the corner of Sihanouk and Monivong boulevards, stand complete.

"It is true that we have, since the beginning of this month, temporarily put it on hold," Kim-KW, a South Korean project director at developer Yon Woo Cambodia Co, said yesterday.

"We will continue progress again, but at the moment we don't know when." Kim-KW refused to reveal the reason for the decision. But an administrator, who asked not to be named, said: "It is just a temporary suspension. We see that the economic situation is not getting better."

Analysts yesterday expressed mixed reactions to the latest news to hit the sector, following the announcement of a 555-metre tall tower for the capital and a report that the Posco-backed Star River complex was on hold.

The president of the National Valuers' Association of Cambodia, Sung Bonna, said large construction projects could face difficulties because demand for office and residential space was limited. He said that developers could have problems if they used funding from pre-sold units to finance building.

But Daniel Parkes, Cambodia country manager of real estate giant CB Richard Ellis, emphasised that "we have invested in our business here, and we are confident that Cambodia's economy will improve. We look forward to construction resuming".

Nun Pheany, spokeswoman for the Ministry of Land Management Urban Planning and Construction, said they would visit the Gold Tower site.

TVPRESS RELEASESADVERTISE WITH US
PHRA MONGKOL THEPMUNI
(Luang Phor Sodh Candasaro)
ASEAN INDICES
September 1, 2010
Market
Indices
Change

IDX

3,120.02
38.14
KLCI 
1,426.56 4.07
PSEi*    3,566.23 7.56
SGX 7.50
-0.02
SET 918.76
5.57
Source : Relevant bourses
Note   : 
*  31 August 2010
CURRENCY EXCHANGE
September 1,2010
Currency US$
Euro
Singapore $ 

1.32 1.68
Thai Baht * 
  31.44

39.90

Malaysia Ringgit
  3.13
3.98
Indonesia Rupiah  
  9,079.00
11,513.99
Philippines Peso
  45.31

57.46

Source:Relevant central banks
Note   : *
  31 August 2010
ASEAN PROFILES

ASEAN KEY DESTINATIONS
TradeBoss.com B2B Marketplace
TradeBoss.com is an international B2B Marketplace and import export portal focusing on Asian Companies including Chinese Manufacturers, Chinese Exporters and Chinese Wholesalers as well as other copuntry specific B2B Marketplaces.
TradeKey.com - A B2B Companies portal to connect worldwide Buyers with Suppliers, Wholesalers and Distributors

Reader's Comment on www.aseanaffairs.com
Suggestions for aseanaffairs.com

What exactly is solar power?
Solar energy is radiant energy that's produced by the sun.  More

Tourism

Home  >>  Daily News  >>  Industry Updates  >>  Tourism

   Asean Tourism Contacts
 
   

BRUNEI
Tourism Development Division
Ministry of Industry and Primary Resources
Jln. Menteri Besar, Bandar Seri Begawan, Brunei Darussalam
Tel. (673-2) 382822 Fax. (673-2) 382824
Email: bruneitourism@brunet.bn
Website: http://www.bruneitourism.travel/

CAMBODIA
Ministry of Tourism
3, Preah Monivong Blvd, Phnom Penh, Cambodia
Tel. (855-23) 213911 Fax. (855-23) 426107/217503
Email: dgpro@camnet.com.kh
Website: http://www.tourismcambodia.com/

INDONESIA
Ministry of Culture and Tourism
Jl. Medan Merdeka Barat 17, Jakarta 10110, Indonesia
Tel. (62-21)3838157 Fax. (62-21) 3849715
Website:
http://www.budpar.go.id
http://www.my-indonesia.info

LAOS
National Tourism Authority of Lao P.D.R.
Lane Xang Avenue, P.O. Box 3556, Vientiane, Lao P.D.R.
Tel. (856-21) 212248 Fax. (856-21) 212769/2127910
Website: http://www.tourismlaos.gov.la/

MALAYSIA
Ministry of Tourism
Menara Dato' Onn
Putra World Trade Center, 50480, Kuala Lumpur, Malaysia
Tel. (603) 2693 5188 Fax. (603) 269 0207/2693 0884
Email: tourism@tourism.gov.my
Website: http://www.tourism.gov.my

MYANMAR
Ministry of Hotels and Tourism
No. 77-91, Sule Pagoda Road, Yangon, Myanmar
Tel. (95-1) 285689 Fax. (95-1) 289588/254417
Email: dht.mht@myanmar.com.mm / mtt.mht@mptmail.net.mm
Website:
http://www.myanmar-tourism.com/
http://www.hotel-tourism.gov.mm
http://www.myanmar.com/Ministry/Hotel-Tour
http://www.myanmars.net/mtt
http://www.myanmartourismboard.com/

PHILIPPINES
Department of Tourism
DOT Building, T.M. Kalaw Street, Agrifina Circle, Rizal Park
Manila 10004, Philippines
Tel. (632) 523 8411 Fax. (632) 521 7374
Email: deptour@info.com.ph
Website: http://www.wowphilippines.com.ph/

SINGAPORE
Singapore Tourism Board
Tourism Court, 1 Orchard Spring Lane, Singapore 247729
Tel. (65) 736 6622 Fax. (65) 736 9423
Email: stb_sog@stb.gov.sg
Website: http://www.visitsingapore.com/

THAILAND
Tourism Authority of Thailand
1600 New Phetchaburi Road
Makkasan, Ratchathewi, Bangkok 10400, Thailand
Tel. (662) 250 5500 begin_of_the_skype_highlighting              (662) 250 5500      end_of_the_skype_highlighting Fax. (662) 253 7437
Email: center@tat.or.th
Website: http://www.tourismthailand.org

VIETNAM
Vietnam National Administration of Tourism
80 Quan Su Street, Hanoi, Viet Nam
Tel. (84-4) 822 8744 Fax. (84-4) 942 4115
Email: binhvnat@hn.vnn.vn
Website: http://www.vietnamtourism.com

August 16, 2010
Thai single visa passport needed

August 10, 2010
Strong Thai currency hurts exporters

Cambodia warns island developers


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com