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ខ្មែរ 
Japan, CCA Discuss Plan to Set Up Satellite Land Surveying System in Cambodia
- 7 April 2022
Japanese experts have met with the Cambodia Constructors Association (CCA) to assess the demand and interest in the CORS satellite land surveying system among construction companies that are members of the association. Held on 1 April, the meeting aimed to collect more input from the private sector for the project before the actual implementation. This project is a collaboration between the ...
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Condo Market Remains Stagnant with No New Launches Expected for 2022
- 7 April 2022
In the first quarter of 2022, the condo market in Cambodia has remained stagnant, with no new projects launched, while the price of high-end unit types continues to fall, according to CBRE Cambodia’s Q1 report released on 7 April. With this stagnation, CBRE Cambodia has observed three new norms emerging in the market. First, buyers have more power and options than ever before, and tend to look ...
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Borey Market Remains Robust with 39 New Launches in Past 6 Months: CBRE
- 7 April 2022
Despite the COVID-19 crisis, the borey market in Cambodia remains strong compared to other real estate subsectors, especially for low- to medium-priced projects, with 39 new launches in the last six months. According to a CBRE Cambodia report released on 7 April, the number of borey projects in Cambodia will continue to increase, with more than 300 projects expected by the end of this year and ...
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Germany, Norway mull building hydrogen pipeline as alternative to Russian gas
- 6 April 2022
Germany and Norway mull building a hydrogen pipeline linking the two nations to reduce Europe’s dependence on Russian energy supplies, reported Bloomberg. The two nations already signed a statement last month agreeing to build infrastructure to support the export of hydrogen from Norway to Germany. The feasibility study on the project is set to be conducted soon. “Over the coming months a...
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
- 6 April 2022
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly in 2023 thanks to SEA Games and the National Election. The industrial ma...
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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
- 6 April 2022
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of US$38.6-billion total consumer credit. The National ...
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WB: Law on Investment, FTA, & RCEP Expected to Attract More Investment in Cambodia
- 6 April 2022
The new Law on Investment, the China and South Korea FTAs, and the Regional Comprehensive Economic Partnership (RCEP) are expected to help boost investment and trade in Cambodia in the coming years, according to a World Bank report on Tuesday. RCEP is a mega trade agreement between 10 ASEAN member states and its FTA partners, namely China, Japan, South Korea, Australia, and New Zealand. RCEP...
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
- 5 April 2022
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the coupon rate of th...
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New Public Beach in Kep Province Ready for Tourists
- 5 April 2022
The 2,700-metre-long new public beach in Kep is ready to welcome visitors on New Year's Day, although works related to tree planting and gardening are not yet complete. HE Som Piseth, Governor of Kep Province, said on 5 April that the work of filling soil and building concrete roads in this beach area is 100% completed. “The project is not yet complete for the dredging, planting trees and ga...
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Korea Eyes Investments in Water Supply, Wastewater Treatment & Recycling Systems in Cambodia
- 5 April 2022
South Korea firm -Techcross Water & Energy - has sought to understand investment opportunities in Cambodia by focusing on the environment, such as water supply, wastewater treatment, and recycling. The information was shared in a meeting between Commerce Minister HE Pan Sorasak and representatives of Korea's Techcross Water & Energy held in Phnom Penh in early April. In the meeting, ...
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EuroCham Partners with Land Ministry on Urban Planning, Construction & Real Estate
- 5 April 2022
EuroCham Cambodia has entered a partnership with the Ministry of Land Management, Urban Planning and Construction (MLMUPC) to help Cambodia enhance city planning, law implementation, and the digitalisation of the construction and real estate sectors. The MoU was signed on 1 April by MLMUPC Secretary of State HE Theng Chan-Sangvar, EuroCham Cambodia Chairman Tassilo Brinzer. Under the MoU, Eu...
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
- 4 April 2022
Medtecs International Corporation Limited (Medtecs) has invested US$3 million in the guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) contributing to the development of the Techo International Airport. The agreement was signed on 4 April between Medtecs's founder and Chairman Mr Clement Yang and CAIC Director Mr Charles Vann, under the witness of OCIC Chairman Neak Okhna Pung Kh...
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