Consumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%
As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC). Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, […]
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Over 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the […]
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Boeung Tumpun Canal Dredging Complete, Facilitating Flood Prevention in Five PP Districts
Dredging and rehabilitation work on the 4km Boeung Tumpun canal has been 100% completed, which hopefully will help mitigate floods in the five main districts of Phnom Penh during the current rainy season. In the rehabilitation operation, over 12,250 cubic metres of waste and floating grass were collected and removed from the canal to ease […]
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Gov’t to Allocate Over 1,600 Hectares of Land in Tbong Khmum Province as Protected Nature Reserve
The Ministry of Environment (MoE) together with relevant officials has agreed to register 1,643 hectares of the Boeung Karde area in Tbong Khmum province as a natural protected area which the government will later develop into eco-natural tourism and generic conservation centre. According to the official meeting on Monday 26 July, this plot of land […]
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Gov’t Seizes Over 700 Hectares of Illegally-Grabbed Land in Kampot
Authorities in Kampot province have seized over 700 hectares of illegal-occupied forest land in the Preah Monivong National Park. The move was made after an inspection visit made by Minister of Environment HE Say Samal on Monday 27 July. To date, Kampot Provincial Governor HE Chev Tay has already issued an official seizure letter. Meanwhile, […]
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China Plans to Build World’s First Waterless Nuclear Reactor
Chinese researchers have unveiled the world’s first thorium-fuelled commercial reactor that will not require water for cooling. This demonstrates a big breakthrough in the Chinese power sector, which today is dependent on coal-fired power plants. Named the Thorium Molten Salt Reactor, the project was begun in 2011. To date, researchers are in the stage of […]
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UNDP Advises Cambodia to Issue Sovereign Bonds to Expand Financial Resources
UNDP has recommended Cambodia to issue sovereign bonds to expand domestic financial resources for urban development projects. This UN body published the advice in their recent report while also forecasting that Cambodia will graduate from its Least Developed Country (LDC) status in either 2027 or 2028. The report added it is time for Cambodia to […]
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Construction of 10-hectare Landfill in Kampot Set for Completion by July 2022
The construction of the ADB-funded 10-hectare landfill in Kampot province is over now 16% complete and scheduled for final completion by July 2022, according to Kampot Provincial Governor Cheav Tai during a site inspection on Tuesday 27 July. Located in Thmey commune, Teuk Chhou district, ground was broken on the project in early July this […]
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Meridian International Holding Appoints CBRE Cambodia as Sales Agent for Flatiron Project
Meridian International Holding signed an agreement with CBRE Cambodia on Tuesday, appointing the international real estate service provider as their sole agent in the kingdom for sales and leasing at ‘Flatiron by Meridian’, an award-winning, mixed use project located within the Phnom Penh City Centre development zone. The agreement was signed by Meridian International Holding […]
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Forbes Reveals Five Key Real Estate Tech Tools Industry Professionals Should Explore
As the world is moving toward digitalisation, real estate industrial players must also keep themselves in trend, or otherwise will lose competitiveness. Forbes has recommended five new tech tools that real estate professionals should explore: 1.Virtual Tours As the COVID-10 pandemic has prevented clients and brokers from meeting in person, this tool is a new […]
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Transport Minister Urges Relevant Officials to Speed Up Work on Drafting New Port Law
Minister of Public Works and Transport HE Sun Chanthol urged all relevant officials to speed up works on drafting the new port law during an official meeting on Monday 26 July. According to HE Sun Chanthol, to date, the working group has completed most of the draft. “Currently, we are still revising the meaning, wording, […]
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Construction of US$2-million Kampong Speu Stadium Set for Completion by April 2022
Construction of the US$2-million stadium in Kampong Speu province is proceeding as normal and set for completion by April next year despite the fact that Cambodia is still affected by the COVID-19 pandemic. Kampong Speu Governor HE Vy Samnang said during the site inspection on Friday 23 July that by April 2022 at the latest, […]
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