Comparing home loan interest rates in Cambodia during COVID-19
Interest rates are one of the most critical factors when deciding which bank to choose for a housing loan or mortgage. Amid the COVID-19 pandemic, some banks in Cambodia have reduced their interest rates with the aim of boosting more economic transactions. Thus, for those who are looking for a home loan at the moment […]
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ACF discusses How to Overcome COVID-19 Pandemic at 49th Meeting
The ASEAN Constructors Federation (ACF) conducted it 49th meeting via Zoom video conferencing on 10 June 2020 to discuss the development of the construction industry in the region. ACF Council Meeting is an annual meeting that provides opportunities for its members including, Cambodia which is represented by the Cambodia Constructors Association (CCA), to share information […]
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Condo Market to Recover in Q1 2021 Despite Short-term Stagnation
The condominium market in Cambodia has been not severely impacted by the COVID-19 pandemic and is likely to recover in Q1 or Q2 of 2021 onward, according to CBRE Cambodia Managing Director Ann Sothida during an interview with Fresh News on 13 July. Ms Sothida said the negative impacts of COVID-19 on the condo market […]
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Royal Group Invests US$35 million Building 70km of Roads on Koh Rong Island
The Royal Group has injected US$35 million to build 70km of concrete roads on Koh Rong Island, as part of the firm’s development masterplan. The 70km of road is to be built by Sinohydro Construction Co Ltd from China, and the construction agreement was signed on 14 July at Preah Sihanouk province. According to a […]
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City Hall Redesigning Sokimex Kbal Thnal and Wat Neak Voan Junctions
Phnom Penh Municipality is adjusting the traffic flow at the Sokimex Kbal Thnal junction (the junction of Monivong Blvd, St. 271, and Hun Sen Blvd), and Wat Neak Voan Junction (the junction of St. 221 and Russian Blvd), by constructing new roads, expanding existing roads, and reconfiguring traffic lights. For the Sokimex Kbal Thnal junction, […]
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20 Investment Projects Proposed in Siem Reap Development Master Plan
At least 20 major investment projects have been proposed as part of the 2020-2035 Siem Reap Tourism Development Masterplan during an inter-ministerial meeting last week. The meeting was joined by the Ministry of Tourism, the Ministry of Environment, the Ministry of Culture and Fine Arts, and the Siem Reap Provincial Municipality. During the meeting, the […]
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Six office buildings completed in Q2 despite drops in rent and occupancy rate
Six office buildings, including five centrally-owned and one strata-titled, have been completed in Q2 2020, despite a slight drop in rental prices and occupancy rates partly due to the COVID-19 crisis, according to CBRE Cambodia’s market view report published on 07 July. The five centrally-owned office projects (one Grade B and four Grade C projects) […]
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MLMUPC partners with major banks to set up online construction business registration system
The Ministry of Land Management, Urban Planning, and Construction is working with Canadia Bank and ABA Bank to strengthen the online construction-related business registration system and establish a new online payment system, according to a report from the ministry on 02 July. The report said the ministry recently met with Canadia Bank to discuss and […]
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Thai government approves US$9bn Pattaya airport expansion
A consortium led by Bangkok Skytrain and metro operator BTS has been given the green light by the government of Thailand to expand U-Tapao International Airport near Pattaya. The consortium, which includes Bangkok Airways and Sino-Thai Engineering & Construction, plans to build a third terminal and cargo and plane maintenance centres as well as create […]
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Will COVID-19 cause banks in Cambodia to go bankrupt?
The National Bank of Cambodia (NBC), the Cambodia Microfinance Association (CMA), and other relevant institutions have rejected the claim that the COVID-19 crisis will cause the banking system in Cambodia to collapse. The authorities point out that although COVID-19 has caused tremendous negative economic impacts, the likelihood that banks would go bankrupt remains very low. […]
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Cambodia and other 5 Countries Agree to Donate US$180.2 million to Fund BRI Projects
Cambodia and other 5 countries including China, Egypt, Saudi Arabia, Hungary, and the Philippines have agreed to donate US$180.2 million as a multilateral fund to support Belt and Road Initiative (BRI) infrastructure projects, according to China Daily on 08 July 2020. The fund was set up by the Multilateral Cooperation Center for Development Finance and […]
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
The retail market in Cambodia as of June 2020 is still 19% below baseline but is expected to slowly recover in particular during the second half of 2020, according to CBRE Cambodia Market View Report published on 07 July. According to Google Mobility Tracker, the retail market was 45% below the baseline in early April, […]
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