Monday 28 January 2013

UNITED KINGDOM: PM backs fraud-reducing student application system

INDONESIA: Higher education haunted by corruption – Graft watchdog

GLOBAL: Internationalisation has corrupted higher education

ASIA: Better planning and data needed to raise HE quality

GERMANY: Plagiarism proceeding against minister splits academia

Sunday 27 January 2013

Value of construction in Cambodia skyrockets

Interesting times for Phnom Penh office market

Tight market conditions, strong demand for office space and constrained levels of new supply are the principal reasons behind the rising occupancy costs in prime office markets across the globe. 
130124 16
Canadia Tower in central Phnom Penh. Photograph: Heng Chivoan/Phnom Penh Post
Out of the top five most expensive office markets in the world, the Asia Pacific region contains four: Hong Kong, Tokyo, Beijing and New Delhi. With Hong Kong’s inherent lack of office supply, prime rents remain robust at $171 per square metre per month (psqm/m).

Demand from global financial and manufacturing companies kept occupancy costs high in Tokyo, while in Beijing pharmaceutical companies continued to expand.

Worldwide, office demand stemmed from the automotive, high-tech and energy industries. The latter is evident in Cambodia, where drilling off the coast near Sihanoukville has helped to increase office demand. Thus, companies such as Total and Chevron are large office occupiers, and new Japanese oil exploration firms will also establish operations in Cambodia by the end of 2013.
The growing insurance industry, particularly life insurance, is also a key office demand driver in Phnom Penh.

Cambodian Life, Manulife and Prudential jointly occupy more than 3,000 sqm of office space in Phnom Penh and will likely expand by the end of this year.
The top office buildings in Phnom Penh are seeking rents of between $21 and $28 psqm/m, and with the lack of high-quality office developments, rents are unlikely to decrease.
In terms of new supply, Vattanac Capital will be ready for occupation this year. The building will be the first Grade A office development in the Kingdom.

The development recently won an award for the best commercial property in Southeast Asia, and its specifications match many office buildings in Hong Kong and Singapore. This is not only welcome news for occupiers, but also helps to elevate Cambodia’s standing among investors.
Cambodia’s sound macro-economic fundamentals, the first Grade A office development in the country, and the continued expansion of multinational corporations will make 2013 an interesting year for the Phnom Penh office market.

Number of construction companies in Cambodia soars

Phnom Penh’s historic quarter to go pedestrian

A new tourist promenade is to open in the heart of Phnom Penh’s old French quarter.
Scheduled for a February opening, the tourist walk zone will provide an outdoor leisure area on Street 13 that will be closed to cars and motorbikes on weekends from 6pm till 12am, as well as on national holidays.
It will be adjacent to the colonial-era post office that today houses the Ministry of Post and Telecommunication.

“Everywhere in the world, especially in the cities, there are some places for the people to walk down,” said Minister of Tourism Thong Khon, whose ministry is helping Phnom Penh Capital Hall build the tourist walk zone.

“In Cambodia, we also need a place for tourists to walk down.”
The neighborhood includes some of Cambodia’s most prominent examples of French architecture from the turn of the 20th century, including the disused police commissariat, Manolis Hotel and the Banque de l’Indochine that today houses Van’s Restaurant.

“It is good to walk down for tourists because of the large, colonial-style buildings,” said Khon.
According UNESCO Head of Office Anne LeMaistre, it is not just tourists who stand to benefit.
“Phnom Penh has a unique chance to have a garden-city image with large avenues and trees, which is extremely rare for a capital in the region. The colonial heritage and the Khmer New architecture contribute enormously to the identity and beauty of the city.

“It is an opportunity which should not be missed for ob­­vious touristic reasons but also for the memory of all inhabitants of Phnom Penh,” she said.

“Heritage, silence, space and green environment are part of this quality of life and appreciation of living in a city. In addition, this area is unfortunately the only remaining coherent his­toric quarter of Phnom Penh,” she added.

Restoration and preservation in the area has been erratic, with some buildings getting far more treatment than others.

“The post office and the Van’s Restaurant were restored and are well-maintained buildings,” said LeMaistre.
“The Manolis Hotel and the former Commissariat are magnificent buildings but which need urgent interventions,” she added.

LeMaistre said that despite widespread enthusiasm for preserving Cambodia’s Angkorian heritage, more needs to be done to promote the country’s more recent urban heritage.

UNESCO is supporting the efforts of the Heritage Mission, which is attached to the Ministry of Culture and Fine Arts, to make the old French Quarter a special heri­tage protected zone.

However, increased visitation to the area may encourage preservation of the historic quarter.
“The tourist walk zone will hopefully attract Phnom Penh inhabitants who will discover this area, maybe, for the first time and invite them to appreciate the harmony of the architecture and the pleasure of walking in a nice environment,” said LeMaistre. “We hope that this discovery and appreciation will lead to the understanding of preserving heritage.”


To contact the reporter on this story: Bennett Murray at ppp.lifestyle@gmail.com

Australians mourn King Father’s passing






Penny-RichardsAustralian Ambassador to Cambodia, H.E. Penny Richards

The 2024 Workshops for Foreign Confucius Institute Directors on June 13-21, 2024 at Sichuan Province, China

My sincere thanks and gratitude go to my respectful Rector, H.E. Sok Khorn , and the Chinese Confucius Institute Director, Prof. Yi Yongzhon...