CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing […]
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Chinese researchers: Service industry hugely affected, after nine infected with COVID-19 via air-conditioning
Chinese researchers have announced that nine people from three healthy families have been found to be infected with the COVID-19 virus after sitting at tables next to an infected person while dining in a windowless restaurant in Guangzhou, China. They have theorized that the air-conditioning in the restaurant could have blown the viral droplets from […]
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Singapore converts Changi Exhibition Centre to the community isolation facility
Singapore has converted the Changi Exhibition Centre into a community isolation facility to treat COVID-19 patients, as the country becomes Asia’s most infected nation after China and India. A former Singapore Airshow venue, the Changi Exhibition Centre (CEC) is now being used as a community isolation facility with an indoor capacity of 33,000 square meters […]
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Malaysian PM resignation signals concern for infrastructure projects
The shock resignation of recently-elected Malaysian Prime Minister Mahathir Mohamed has raised concerns over-scheduled though controversial major infrastructure projects. Among his first actions on becoming prime minister in 2018 was to cancel the Chinese-funded high-speed Singapore-Kuala Lumpur rail line and the MRT 3 Circle Line projects among concerns about the levels of debt incurred, estimated […]
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Renovation completed of international standard Olympic Stadium swimming pool
The renovation of the international standard swimming pool at the Olympic Stadium, costing nearly US$3 million, has been completed. The statement was delivered by H.E. Sun Chanthol, Minister of Public Works and Transport and President of the Khmer Swimming Federation during the inspection of progress on construction of the swimming pool at the Olympic Stadium […]
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CDC approves construction equipment factory project worth US$1 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently approved Mountain Moon Millwork Co., Ltd’s US$1 million investment proposal to build a construction equipment factory in Sihanoukville province. The Mountain Moon Millwork company is developing this furniture production factory to supply construction materials for the Cambodian market especially in Sihanoukville. […]
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Korea approves request for an additional loan to upgrade National Road 48
The Korean government has approved a Cambodian request for an additional loan to rehabilitate National Road 48 and in preparation for signing an MoU on 24 April 2020 prior to the opening of public bidding. The agreement was announced at a meeting on the request for an additional loan for National Road 48 between representatives […]
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More than 50,000 hectares in two sanctuaries registered as state land
The Royal Government has announced its intention to register 50,000 hectares of state land in two wildlife sanctuaries – Peam Krasaop Wildlife Sanctuary in Koh Kong and Phnum Prech Wildlife Sanctuary in Mundolkirri. According to a press release from the Ministry of Environment on 11 April 2020, the main purpose of this State Land Registration […]
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1 million ounces of gold expected from Okvau, says Ministry of Mines
A senior official of the Ministry of Mines and Energy said that Cambodia expected to extract nearly 1 million ounces of goal based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. The statement was made by H.E. Yous Monyrath, Director General of Mines in […]
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Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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CBRE: Landed property sale prices to remain robust by mid-2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the […]
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. “To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district […]
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