Japanese LED Light Factory Helps Cambodia Reduce Electricity Costs by About US$1 Million a Year
Japanese company Minebea Mitsumi produces 100% LED lamps in Cambodia and also exports to worldwide markets. So far, the company has installed 18,880 LED lights, which has reduced electricity consumption and CO2 emissions by about US$1 million a year. Mr. Yoshihisa Kanuma, CEO of Minebea Mitsumi reported on these statistics during a meeting with Samdech […]
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Government Reclassifies 10 hectares of Choeung Ek Lake Land for Granting to Private Sector
The Royal Government of Cambodia has reclassified 106,429 square metres (10 hectares) of Choeung Ek Lake into state private property and handed it to the private sector. In the sub-decree dated 03 March 2022, the designated areas of the Boeung Choeung Ek area have two locations suited in Chak Angre Leu commune and Chak Angre […]
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Cambodia Preparing Comprehensive Intermodal Transportation Master Plan for 2022-2030
Cambodia is developing a comprehensive master plan for an intermodal transportation system to better develop Cambodia’s transport sector for connectivity to countries in the region and the world. Compiled by the Supreme National Economic Council, the comprehensive master plan on intermodal transportation 2022-2030 was discussed at a meeting on 21 July in the presence of […]
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As of Q2 2022, Offices & Retails Increase While Rental Rates See a Consistent Downward Trend
By the second quarter of 2022, the number of offices and retails have significantly increased while rental rates have decreased continuously compared to Q1, according to a CBRE Cambodia report on 07 July 2022. In Q2, the number of offices increased by 66.9% to over 40,000 square meters, with new supply expected in 2022, and […]
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Cambodia Attracts Almost US$3 billion in Investment Projects in H1 2022
The Council for the Development of Cambodia has approved new investment projects and production expansion projects with a total investment of US$2,998 billion, an increase of 23.4% over the same period last year. According to the report of the Council for the Development of Cambodia, of all the new investment projects, domestic investments ranked first, […]
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ERA Cambodia sets aim high for Condo market
Key Takeaway Condo supply sets to hit nearly 80 000 units by 2025 The majority of condo buyers are Cambodians aged between 25 and 35 years old The bounce back of foreign direct investment will help boost condo demand in Cambodia ERA Cambodia aims high to capture a large market share, expanding its salespersons to […]
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NBC: Construction & Real Estate Contribute to Cambodia’s Economic Growth in 2022
The construction and real estate sectors are expected to contribute to Cambodia’s economic growth in 2022, according to a senior official of the National Bank of Cambodia. HE Chea Chanto, Governor of the National Bank of Cambodia, said that Cambodia’s economic growth is expected to reach around 5.3% in 2022. “Cambodia’s economic growth is optimistic […]
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As of H1 of 2022, Real Estate & Construction Growth Slowed to 2.5%, and 3% Respectively
As of the first half of 2022, the real estate sector has grown significantly, but at a slow pace of 2.5% due to the slowdown in high-end real estate sale-purchase activity, especially condominiums and apartments, according to the report on the results of the implementation of the budget for the H1 of the implementation of […]
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JICA Launches Smart City Approach to Solve Urban Problems in Siem Reap
The Japan International Cooperation Agency (JICA) has decided to implement a three-year project to implement a smart city approach to address urban issues in Siem Reap from May 2022 to May 2025, according to the meeting on reviewing and commenting on the pilot project of the Smart City project in Siem Reap province on 21 […]
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Under the Belt & Road Initiative, What Does Cambodia Get?
Cambodia and China have had a good relationship for a long time, and this relationship grew rapidly as the Belt and Road (BRI) project stepped in to develop infrastructure and start free trade relations between China and Cambodia. At first was the development of casinos that grew like mushrooms, creating a huge influx of financial […]
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Cambodia & Thailand Sign MOU to Strengthen Bilateral Logistics Capacity
The Ministry of Public Works and Transport of Cambodia and the National Council for Economic Development of the Kingdom of Thailand have signed a Memorandum of Understanding to strengthen the logistics sector for both countries. The ceremony was held on 19 July 2022, in the presence of the Secretary of State of the Ministry of […]
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Fifth Largest Bottle Manufacturer in the World Invests to Expand Market in Cambodia
Swire is a leading brand of beverage bottles in the United States and the fifth largest producer of Coca-Cola bottles in the world. Swire in Hong Kong recently announced a US$1.01 billion investment to expand the Coca-Cola market in Cambodia and Vietnam, according to Nikkei Asia on 18 July 2022. “This expansion of territories is […]
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