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ខ្មែរ 
Five Banks Invest US$23m in Guaranteed Bonds for New Phnom Penh Airport
- 14 October 2022
Five commercial banks have signed agreements with Cambodia Airport Investment Co., Ltd (CAIC) investing over US$23 million in guaranteed bonds to support the development of Techo International Airport. The five banks include Cathay United Bank (CUBC), First Commercial Bank (FCB), Mega International Commercial Bank (Mega ICBC), Taiwan Cooperative Bank (TCB), and Union Commercial Bank (UCB, a Cam...
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Cambodia-Korea MPWT Research Lab Inaugurated
- 14 October 2022
The Cambodia-Korea Techo Sen Public Works and Transport Laboratory was officially inaugurated on Thursday 13 October. The inauguration ceremony was presided over by Minister of Public Works and Transport HE Sun Chanthol and Ambassador of the Republic of Korea to Cambodia HE HE Park Heung-kyeong. The objective of establishing this laboratory is to contribute to the development of road infra...
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Allegedly Stolen 280,000 Barrels of Crude Oil Returned to Cambodia; Sold for US$25m
- 14 October 2022
Over 280,000 barrels of crude oil, the first commercial production in Cambodia's history, have returned home after being allegedly stolen and shipped out of the country without the government's acknowledgment last year. Ministry of Mines and Energy spokesman Meng Saktheara said on 12 October that the oil was sold for more than US$25 million in September, which is considered historic revenue for...
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Real Estate Market in 2023 Not Recovering to Pre-COVID Rate Yet: CBRE
- 14 October 2022
The real estate market in Cambodia is expected to improve only slightly in 2023, not yet reaching the levels of pre-COVID-19, according to the forecast of CBRE Cambodia Associate Director Kim Kin Kesa. She predicts that real estate prices will continue to stabilize, just similar to the rate in 2022. However, the number of real estates transactions are likely to grow next year. "Nevertheless,...
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Cambodia-Vietnam to connect new tourist destinations by sea
- 13 October 2022
Cambodia and Vietnam have approved an action plan to link tourist destinations by sea and build joint cruise packages as part of the South Sea Tourism Corridor Cooperation, especially the new sea route, Kampot Tourism Port and Tourism Port. Bai Vong.This is according to the third bilateral meeting on tourism cooperation between Cambodia and Vietnam on October 10, 2022. Previously, both sides ha...
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55 Rural Roads in Banteay Meanchey Affected by Floods
- 13 October 2022
55 rural roads with a total length of 582km in Banteay Meanchey province were affected by floods, according to the report by the Director of Rural Development Chea Yuthearun on 11 October. Mr Yuthearun said that as of 10 October, the flood has damaged 55 roads, and each road has a different level of damage from mild to severe. “8 roads are in O’Chrov district, 17 in Preah Net Preah district,...
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Toyota Urges Cambodia to Reduce Tariffs on Imported Hybrid Cars
- 13 October 2022
Toyota has urged the Cambodian government to reduce tariffs on imported hybrid vehicles to help Cambodia achieve its carbon neutrality target by 2050, according to a meeting between the Minister of Public Works and Transport HE Sun Chanthol and the representative of Toyota on 11 October. Mr Ryoji Fujita, CEO of Toyota (Cambodia), said his proposal aims at encouraging Cambodians to use more hybr...
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Five Investment Projects Worth US$29.2m Approved for Svay Rieng, Takeo and PP
- 12 October 2022
The Council for the Development of Cambodia (CDC) has issued registration certificates for five investment projects with a total capital of US$29.2m to establish five factories in Svay Rieng, Takeo, and Phnom Penh. These private companies include: The first firm is "GORGEOUS LIGHTS CO., LTD", which will invest US$8.1m to establish a factory to produce lamps, lamps, and lamp accessories, loca...
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Authority Urges People to Not Sell Concessional Land Obtained Via LASED III
- 12 October 2022
A senior official of the Ministry of Land Management, Urban Planning and Construction has urged people not to sell social concessional land obtained from the Land Allocation for Social Affairs and Economic Development Project Phase III (LASED III) in Kbal Damrey commune, Sambo district, Kratie province. H.E Rath Hok, Undersecretary of State of the Ministry of Land Management, Urban Planning and...
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CBRE: Lifting COVID-19 Restrictions Won’t Benefit Real Estate Sector in Short-Term
- 12 October 2022
The lifting of COVID-19 restrictions will have a direct and indirect positive effect on the real estate sector, but not in the immediate term, while the market will not recover to the level of COVID-19 yet, said, experts. CBRE Cambodia Associate Director Kim Kin Kesa explained that the direct impact of the lifting of restrictions is that it is easier for foreign investors to travel to Cambodia,...
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MLMUPC Approves Over 2,800 Construction Proposals in Eight Months
- 12 October 2022
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) approved 2,811 construction proposals in the first eight months of this year, a decrease of 90 construction proposals compared to the same period last year. The approved construction proposals were valued at US$1.6 billion, a decrease of 56.7 %, according to the Ministry of Economy and Finance’s Socio-Economic Trend repo...
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Small & Medium-Sized Borey Developers Vulnerable to Liquidity Shortages, Projects Facing Delays
- 12 October 2022
CBRE Cambodia has predicted that the borey market is facing more challenges that could put small and medium-sized borey developers in a cashflow crisis and have no choice but to even suspend their constructions. CBRE Cambodia Associate Director Kim Kesa said some small and medium-sized developers may face liquidity shortages leading to construction delays, but not on a large scale. She expla...
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