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ខ្មែរ 
Eight Investment Projects Worth US$89m Approved for Kep, Kandal, K. Speu, K. Cham and PP
- 30 September 2022
The Council for the Development of Cambodia (CDC) has decided to issue a registration certificate for eight investment projects with a total capital of US$ 89m to build two hospitals, Develop Koh Tbal Island, and establish five factories in Kep, Kandal, Kampong Speu, Kampong Cham and Phnom Penh. These private companies include: The first firm is ORIENDA INTERNATIONAL HOSPITAL CO., LTD which ...
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Germany Provides Over US$670 million in Financing to Cambodia as of 2021
- 29 September 2022
As of 2021, Germany has provided a total of US$670 million in financing to Cambodia, equivalent to 2.6% of the total funding provided by development partners to Cambodia. The figure was shown during a meeting between Secretary-General of the Cambodian Rehabilitation and Development Board HE Chhieng Yanara and German Ambassador to Cambodia HE Stefan Anton Messerer on 28 September. The German ...
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Four Investment Projects Worth US$23.9m Approved for Sihanoukville & Svay Rieng Provinces
- 29 September 2022
The Council for the Development of Cambodia (CDC) has given permits to four private companies to invest a total of US$23.9 million to establish four factories in Sihanoukville and Svay Rieng province. The first firm is HOME STYLE LIVING CO., LTD, which will invest US$6.6 million to establish a furniture and mattress factory in Sin Bavet Special Economic Zone, Svay Rieng province. The second ...
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China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
- 29 September 2022
China's investment property investment dropped by 7.4% y-o-y in the first eight months of 2022, a further decrease of 1% in the first seven months, reported Xinhua. According to the National Bureau of Statistics (NBS) report, the total property investment in this period was 9.08 trillion yuan (US$1.31 trillion). Investment in residential buildings shares were at 6.89 trillion yuan, down 6.9%...
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Gov’t Establishes Inter-Ministerial Committee for PP-Bavet Expressway Development Project
- 29 September 2022
The Cambodian government has set up an inter-ministerial committee to accelerate the Phnom Penh-Bavet expressway project. According to the statement dated 16 September, the expressway connecting Phnom Penh to Bavet has been proposed for investment by China Road and Bridge Corporation under a basic framework of build-operate transfer. HE Sun Chanthol, Senior Minister, Minister of Public Works...
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MPWT Warns Locals to Stop Breaking Expressway Fencing
- 28 September 2022
The Ministry of Public Works and Transport (MPWT) has warned the locals to stop breaking or cutting barbed razor wire fences along the expressway after finding out many spots have been damaged. During the inspection on 28 September led by MPWT’s Undersecretary of State HE Soeng Sokong, the team found that the locals have been cutting the fence open for commuting both for themselves and their pe...
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Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
- 28 September 2022
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides this current large-scale investment value, anot...
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JLL Forecasts Asia’s Hospitality Investment in 2022 to Rise by 80%
- 28 September 2022
Hotel investment in the Asia Pacific will continue to recover in Q4 of 2022 and into 2023 with more investors pouring their capital into the sector at the highest levels since the COVID-19 pandemic, According to JLL’s Hotels & Hospitality Group’s Global Hotel Investor Sentiment Survey, global hotel investment is projected to rise by 80% in 2022. Approximately 20% of investors indicated t...
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Construction of Vietnam’s Largest Airport Set for Completion in 2025
- 28 September 2022
The construction work on the runway for Vietnam’s largest airport Long Thanh is set to begin in December, almost two years after the project’s ground-breaking ceremony, reported GCR. Nguyen Van Hung, an official at the Airports Corporation of Vietnam (ACV), said tenders had been launched to find a contractor to build the airport’s runways, taxiways, and apron. The bidding is expected to be c...
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ISI imports new JIS steel, vowing to contribute to Cambodia’s construction sector modernization
- 28 September 2022
Cambodia's leading and largest steel processing and distribution company, ISI Steel, recently imported a new type of steel known as ISI DEBA), which is manufactured under a Japanese Industrial Standard (JIS). The ISI DEBAR is globally recognized for its high quality and durability with SD295 and SD390 strength levels. The continuous import and production of high-quality products is the compa...
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MPWT: Major Kampot-Veal Renh Road Repairs Expected to Delay to 2024, Lacking Funding
- 27 September 2022
The budget for the deep repair of the ‘forever-damaged' Kampot-Veal Renh road has not yet been approved by China, confirmed Minister of Public Works and Transport HE Sun Chanthol, apologizing that the approval timeline could be in late 2023 or 2024. HE Sun Chanthol said during the expressway inspection on 22 September that the government acknowledged the issue, but there is no budget to take ac...
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WB Projects Cambodia’s GDP Growth at 4.8% in 2022, 5.2% in 2023
- 27 September 2022
Cambodia’s GDP growth is projected to reach 4.8% in 2022. Traditional export-oriented growth drivers—especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture—continue to underpin the economic recovery, according to the World Bank’s forecast. In 2023, economic growth is expected to improve to 5.2%, supported by recovering domestic consumption as...
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