Blockades and other movement restrictions imposed to stave off the spread of Covid-19 – further fuelled by the February 20 community outbreak – have brought the construction sector to a near standstill, according to industry insiders.
Ieng Sotheara, co-founder of Arakawa Co Ltd, which owns the Arakawa Residence condominium development, told The Post on April 28 that the project was behind schedule and that the number of workers had been reduced from 2,000 before the lockdown to about 100, all of whom stay onsite.
In addition to labour shortages brought on by the travel ban, he said the project also encounters obstacles in transporting construction materials to supply the site.
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Cambodia’s five cement factories produced 7.9 million tonnes of finished product last year, marking a seven per cent gain from 2019. Hin Pisei
Cement plants churn out 7.9M tonnes
Tue, 9 February 2021
Cambodia s five cement factories produced 7.9 million tonnes of finished product last year, marking a seven per cent gain from 2019 even with myriad construction projects put on hold by Covid-19 throughout the year, according to Cambodian Cement Manufacturing Association secretary-general Puth Chandarith.
He told The Post on February 9 that growth in domestic cement production plays an increasingly important role in replacing imports, which are predominantly from Thailand, Vietnam and China.
An important meeting of the Construction Industry Development Board (CIDB) would be held at the Ministry of Planning, Development, and Special Initiatives
Brokers can play a key role in helping the small-business sector navigate the challenges and opportunities as financial assistance pares back and the economy recovers, says Nick McGrath, CEO of business growth platform Moneytech.