Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
Cambodia’s gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan’s forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than […]
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MLMUPC approves 1,679 construction projects with an investment value of US$950 million in H1
The number of 1,679 construction projects received construction permits from the Ministry of Land Management, Urban Planning and Construction in the first half of 2022, down 150 projects compared to the same period last year. The report on socio-economic trends of the Ministry of Economy and Finance showed that the total project cost was US$952 […]
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MPTC Bans Signal Boosters Using in Boreys Affecting Mobile Services
The Ministry of Post and Telecommunications (MPTC) has banned the use of signal boosters and/or repeaters in boreys which have caused signal interferences and severely affected the quality of mobile services in the surrounding areas. According to the announcement on 26 July 2022, owners must dismantle, remove, and cease the use of these devices in […]
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KOICA to Support New National Paediatric Hospital Building worth US$16 Million
The Republic of Korea will provide US$16 million in aid to the National Paediatric Hospital to construct new infrastructures, purchase medical equipment, and build capacity for hospital staff, which will be conducted from 2022 to 2027. These projects were agreed upon via a Record of Discussion of the Strengthening Capacity of the National Paediatric Hospital […]
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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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