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ខ្មែរ 
Chinese Firm’s Studies on Mondulkiri Airport Project Disrupted Due to COVID-19
- 16 October 2021
The study of the Mondulkiri Airport project by a Chinese company is behind schedule due to COVID-19. State Secretary of Civil Aviation (SSCA)’s spokesman HE Sin Chansereyvutha said on Thursday 14 October that a team of Chinese companies could not visit and evaluate the site due to the required measures related to COVID-19. "The study has been affected. Experts have not been able to travel to...
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Siem Reap 38-Road Renovations 80% Complete
- 14 October 2021
Despite the ongoing COVID-19 restrictions in Siem Reap, the construction of the 38-road renovation project remains on track, and now over 80% complete, according to a progress update meeting on Wednesday 13 October. Siem Reap Deputy Governor Pin Prak said during the meeting that the entire project could reach final completion by the end of the year and be officially inaugurated for public usage...
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Gov’t Warns of Legal Action Against Demolition of Heritage Buildings Nationwide
- 14 October 2021
The Council of Ministers has issued new regulations to prevent the destruction and demolition of heritage buildings nationwide including religious buildings, public buildings, private buildings, villages and traditional houses to conserve culture and national identity. According to announcement No. 08 SR dated 12 October 2021, any actions of modifying the appearance or damaging the aesthetics o...
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Construction an Engine of Global Economic Growth in Next Decade, says Global Forecast
- 14 October 2021
New research has forecasted that the construction sector will be the main engine of global economic growth outpacing manufacturing in the decade to 2030, with output expected to be 35% higher than in the ten years to 2020, reported GCR. A forecast conducted by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter revealed that the annual growth of construction will be at 3.6% be...
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Cambodia Establishes Digitalised Manufacturing Centre
- 14 October 2021
The Japanese government, through the Embassy of Japan in Cambodia, has provided approximately US$4.5 million to support the operation of a digitalised manufacturing centre, located at the Royal University of Phnom Penh. The grant was announced at a press conference on 14 October under the chairmanship of RUPP Chair of board HE Dr Mey Kalyan, Japanese Ambassador to Cambodia HE Mikami Masahiro, a...
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Poipet Authority Warns Banks & Pawnshops Over Spike in Forged Land Documents
- 14 October 2021
The Poipet City Administration has issued a warning to banks, microfinance institutions, pawnshops, and the public to be cautious of forged land and property documents, as many cases have been recently found. According to an announcement by the administration, the working group is now tackling the issue and has seized many documents with forged stamps and signatures of the city, sangkats, and t...
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CDC Approves 134 Investment Projects Worth US$3.3bn in First Three Quarters of 2021
- 13 October 2021
During the first three quarters of 2021, the Council for the Development of Cambodia (CDC) has approved a total of 134 investment projects worth over US$3.3 billion, according to a CDC report published in Freshnews. The report added that the number of projects decreased by 24.7% while the investment also dropped by 48%, compared to the same period last year, but have generated over 85,572 jobs ...
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ADB to Provide US$100 billion in Climate Financing to Developing Countries
- 13 October 2021
The Asian Development Bank (ADB) announced on 13 October 2021, that it is ready to provide US$100 billion in climate financing to developing member countries including Cambodia for 2019-2030.The increased financial ambitions are an important part of ADB's efforts to support its developing member countries (DMCs), according to a press release.Climate change mitigation projects, including energy ...
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Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
- 13 October 2021
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total supply as of Q3 to almost 93,000 units, a 0.5% q-o-q. With this tre...
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EU Provides US$17 million for Cambodia’s Rural Infrastructure Development
- 13 October 2021
The European Union through the Europe Investment Bank (EIB) will provide a €15 million grant aid (approximately US$17 million) to Cambodia for rural infrastructure development. The grant is part of the project to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT), according to a press release issued on 4 October. SAAMBAT is a US$120 ...
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Draft Master Plan to Digitalise Cambodia’s Transport Sector on Track
- 13 October 2021
Work on drafting a master plan to digitalise Cambodia’s public works and transport sector is on track, as a special working group of the Ministry of Public Works and Transport (MPWT) is accelerating the progress. MPWT Secretary of State HE Chhuon said during the follow-up meeting with relevant officers on 12 October that to date the working group has already achieved the collection of documents...
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Condo Prices & Rents in Q3 Drop by 1.8% to 7.8% Q-o-Q
- 13 October 2021
The condominium market in Cambodia during Q3 of 2021 remains under pressure from the COVID-19 pandemic, with both sale prices and rental rates dropping significantly compared to the previous quarter. According to a report by CBRE Cambodia on 12 October, sale prices dropped by 1.8%, 3%, and 2.1% for affordable, mid-range, and high-end types respectively. Meanwhile, rental prices also decreased b...
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