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ខ្មែរ 
Retail in Q1 2022: Footfall achieves pre-COVID levels, more brands enter local market
- 8 April 2022
The number of footfalls in the retail sector in Q1 2022 has increased significantly passing the pre-COVID baseline after the government announced the reopening of socio-economic activities in November last year. According to the CBRE Cambodia Q1 report published on 7 April, the rise of shoppers to the retail venues is a positive sign of Cambodia’s retail sector recovery. Given a positive rec...
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PP-Bavet Expressway Final Study to Be Completed in 3 Months
- 8 April 2022
The Ministry of Public Works and Transport (MPWT) has set a 3-month deadline for the Chinese firm to finish the final study of the Phnom Penh-Bavet Expressway before moving to the construction stage as planned. The deadline was set during a meeting on 7 April between MPWT Secretary of State So Victor with representatives of China Railway International Group Co., Ltd, Royal Group, and the techni...
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Korea Provides US$66m Loan to Build University of Health Sciences Hospital
- 7 April 2022
The Government of the Republic of Korea has provided a concessional loan of over US$66 million to the Ministry of Health of Cambodia for the construction of a health university hospital, located in Sen Sok district, Phnom Penh. The project was discussed at a meeting held on 6 April between the Secretary of State of the Ministry of Health HE Youk Sambath and a delegation from a Korean company. ...
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Prince Bank Invests Additional US$35 million in New PP Airport Project Through Bond
- 7 April 2022
Prince Bank has invested an additional US$35 million into the new Techo airport development project through CACI guaranteed bonds. This investment is the second in addition to the first US$15 million investment last year, making the firm hold a total of US$50 million in bonds for the new airport project. The agreement was signed on 7 April by CAIC Director Charles Vann and Prince Bank CEO Ho...
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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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