Government Signs US$760 million in New Grants & Concessional Loans in H2 2022
The Royal Government of Cambodia has signed new grants and concessional loans totalling approximately US$762 million while financing under the framework for infrastructure development projects and other priority projects totals approximately US$524 million. The new agreements, signed in the first half of 2022, are for the implementation of 18 projects or development programs, according to […]
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62% of AmCham Survey Say Buying Real Estate in Cambodia a Good Investment
Over 62% of respondents of the recent Real Estate & Construction Survey conducted by AmCham Cambodia have said that buying property in Cambodia now is a good investment as the market has started to see an increase in international investors. According to the Khmer Times, the survey was drawn from 517 respondents in different segments […]
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Will Cambodian real estate sector follow China’s path in the next 10 years?
Not only Evergrande, under the Three Red Lines policy, many other Chinese overindebted developers such as Shimao and Sunac have also missed debt repayment deadlines. Some foreign analysts claimed that the underlying causes of this crisis are the incontrollable overheated market which led to overindebtedness, overreliance on construction as a failsafe to economic downturns and […]
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Construction of Ring Road 3 Over 76% Complete as of July
Construction of Ring Road 3 around Phnom Penh was 76.87% complete by 25 July 2022, with the completion date delayed to September 2023. The update was provided by Heang Sotheayuth, a spokesman for the Minister of Public Works and Transport on 01 August. With ground broken in January 2019, Ring Road 3 has a total […]
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US$1.5bn Kampot Port Listed as Largest Port Project Initiated Globally in Q2 2022
The newly announced US$1.5 billion international port in Kampot province has become the largest port project initiated globally in Q2 2022, according to GlobalData. In 2022, there are five giant port projects, of which the Cambodian port ranks first. The 5 port projects are as: Kampot Logistics & Multipurpose Port– US$ 1.5 billion With a […]
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Cambodia Imports US$1.27 billion in Construction Materials in H1 2022
Imports of raw materials and construction materials to Cambodia were valued at US$1.27 billion in the first half of 2022, an increase of about 10% over the same period last year. A National Bank of Cambodia report showed that the import of construction materials ranks third after the import of raw materials for garments and […]
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India Provides Loan of Over US$35 Million to Develop Stueng Svahab Reservoir in Kampong Speu
The Republic of India has provided approximately US$36.92 million in loans for the implementation of the five-year Stueng Svahap Water Resources in Kampong Speu, according to a Kick-off Meeting on 30 June 2022. The meeting reviewed and discussed the five-year WAPCOS-PMC project management action plan, including: Preparation of a DPR detailed study report. Engineering procurement […]
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Credit to Construction & Real Estate Sector Rises to US$14bn as of H1 2022: NBC
As of June 2022, total loans provided to the private sector reached over US$51.5 billion, a growth of 23.4% year on year. Among all sectors, loans provided to construction and real estate represented 32%, or approximately US$14 billion. According to the National Bank of Cambodia (NBC)’s report published on 25 July, for banking institutions, personal […]
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Tbong Khmum Customs & Excise Office Officially Inaugurated
The administrative building, residential building, and infrastructure at the Customs and Excise Offices in Tbong Khmum province were officially inaugurated on 28 July 2022. The ceremony was presided over by HE Aun Porn Moniroth, Deputy Prime Minister, Minister of Economy and Finance, accompanied by HE Cheam Chansophoan, Governor of Tbong Khmum province. That Customs and […]
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Evergrande’s Headquarter on Tender to Settle Its Crippling Debt
The China Evergrande Group is calling for buyers to buy its US$1.7 billion Hong Kong headquarters, according to Nikkei Asia on 28 July 2022. CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, has made a tender on China Evergrande Centre for US$1.7 billion, of which the price once has been on sale last […]
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MISTT Accelerating Drafting of Law on Science, Technology & Innovation Park Establishment
The Ministry of Industry, Science, Technology, and Innovation is accelerating the drafting of a sub-decree on the establishment and management of science, technology, and innovation (STI) parks to attract investment technology companies. The ministry recently held inter-ministerial technical meetings with relevant parties and the private sector to review and provide inputs on the draft sub-decree […]
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New US$300-million Tyre Production Factory to Be Built in 2023 in Sihanoukville SEZ
SIHANOUKVILLE SPECIAL ECONOMY ZONE CO., LTD plans to build a new tyre production factory worth over US$300 million in H1 of 2023 in Sihanoukville SEZ, according to a meeting between Minister of Ministry of Labour and Vocational training, HE Ith Samheng and Mr Chhin Chien Kang, Chairman of the Board of Directors on 28 July […]
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