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ខ្មែរ 
Star Vegas Casino in Poipet Sees 54.9% Revenue Drop in Q1 2021
- 3 May 2021
One of the major casinos in Poipet, Star Vegas, has suffered a 54.9% drop in revenue during the first month of 2021, compared to the last and first quarter of 2020. According to IAG, the total revenue of Star Vegas in Q1 was only US$1.94 million. While the total net revenue of operation firm Donaco International Ltd also declined from US$8.33 million in the first quarter of 2020 and US$4.63 mil...
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NagaWorld to Slash 1,300 Jobs as COVID-19 Hits Profits
- 3 May 2021
Due to the large drop in profit caused by the COVID-19 pandemic, Cambodia’s largest casino NagaWorld has decided to slash 1,300 jobs, according to the South China Morning Post. These 1,300 jobs are equal to more than 15% of the total staff, who will be laid off in the next few weeks. The SCMP added that NagaWorld will calculate severance packages based on reduced wages in 2020 and using gove...
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Three Cambodian International Airports to Have Major System Upgrades
- 1 May 2021
Three international airports in Cambodia will soon have a major system upgrade as the operator Cambodia Airports has recently inked a deal with renowned Spanish IT provider Amadeus to bring in a new management system called Amadeus Flow. With the new approach, Cambodia Airports can temporarily reallocate resources not in use. One example would be by redistributing airline services between termi...
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
- 30 April 2021
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at US$922 million, followed by commercial and indust...
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Gov’t Sets Up New Inter-Ministerial Committee to Evaluate Request to Establish New Villages
- 30 April 2021
Prime Minister Hun Sen has decided to set up a new inter-ministerial working group to study and evaluate all proposals for the establishment of new villages nationwide, according to an official government announcement on 22 April. Secretary of State of the Ministry of Interior HE Leang Vy has been appointed as the chairman, with a representative from the Ministry of Economy and Finance as the d...
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
- 29 April 2021
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least 20 of them have been cont...
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ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
- 29 April 2021
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional loans while another US$32.4 million is in grant aids. ADB...
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New Kampot Concrete Bridge Set for Completion End of 2021
- 29 April 2021
Construction of the Samdech Techo Troeuy Koh concrete bridge in Kampot city connecting Troeuy Koh and Andong Khmer communes is scheduled to be completed by the end of 2021, according to the Kampot provincial administration on 28 April. Kampot Governor HE Cheav Tay said during the site inspection that his office has been urging the working group to speed up the construction progress and also ask...
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Analysts Question ADB’s Property & Construction 2021 Growth Forecast
- 29 April 2021
The Asian Development Bank (ADB) on 28 April released a report forecasting that the Cambodian economy will grow by 4% in 2021 and 5.5% in 2022, while the construction and real estate sectors are also expected to recover from last year’s contraction. This growth forecast is indeed a positive sign. However, given the current lockdown and community outbreak situation, will the growth happen as for...
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Residents Near Sites of Siem Reap Road Sites Urged to Connect to State Water System
- 28 April 2021
The Siem Reap Provincial Administration has urged citizens and business owners living nearby the construction sites of the 38-road renovation project to apply for connection to the state water system now or at least before the construction is complete. According to the official announcement on 27 April, as the 38-road project also includes rearrangement of the underground wastewater and clean w...
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Kampong Speu to Have Safe New Open-Air Market as COVID-19 Positive Cases Surge
- 28 April 2021
The Kampong Speu provincial administration has decided to set up a temporary open-air market inside Oknha Chhuon Kimsan’s land plot in downtown Kampong Speu to prevent the spread of COVID-19, as more positive cases are found in the province. According to the official announcement on 28 April, the market will have a total of 200 stalls, and vendors can use the stalls free of charge. HE Govern...
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How Can Foreigners Buy Land in Cambodia?
- 28 April 2021
The 1993 Cambodian Constitution states that only persons or legal entities of Khmer nationality have the right to own land. However, this law does not prohibit foreigners from investing in land in Cambodia. So, how can foreigners buy land in Cambodia? 1) Through Khmer National Nominee This method allows a foreigner to buy land by having a Cambodian representative hold the title for them. Thi...
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