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ខ្មែរ 
City Hall Redesigning Sokimex Kbal Thnal and Wat Neak Voan Junctions
- 14 July 2020
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, two new roads will be built with the first connecting...
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20 Investment Projects Proposed in Siem Reap Development Master Plan
- 14 July 2020
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 committee agreed to set up governance and...
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Six office buildings completed in Q2 despite drops in rent and occupancy rate
- 13 July 2020
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) comprise of Amass Central, Royal K Plaza, Th...
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MLMUPC partners with major banks to set up online construction business registration system
- 13 July 2020
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 amend some parts of the draft registration a...
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Thai government approves US$9bn Pattaya airport expansion
- 11 July 2020
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 a US$7.2 billion, 220km rail link runni...
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Will COVID-19 cause banks in Cambodia to go bankrupt?
- 11 July 2020
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. This is because the fi...
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Cambodia and other 5 Countries Agree to Donate US$180.2 million to Fund BRI Projects
- 10 July 2020
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 approved by the Asian Infrastructure Inve...
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
- 10 July 2020
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, then slowly improved to -22% in mid-May, and -19% by the end of June. This p...
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Gov’t will not cut infrastructure spending
- 10 July 2020
The Cambodian government is excluding funding for building and restoring infrastructure from its COVID-19 budget cuts. According to the government announcement, the 2020 fiscal budget cut is being implemented to save money for economic recovery, which has been hit hard by the pandemic. The budget gained expenditure cutting will be used as a subsidy fund for COVID-19 affected-garment workers,...
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Cambodia’s loan demand rose by 20.7% in H1, 28.8% of which from construction and property sector
- 9 July 2020
Bank loan demand in Cambodia rose by 20.7% to US$26.7 billion during the first half of 2020, of which the construction and real estate sector accounted for 28, 8%, according to the biannual report of the National Bank of Cambodia. The report continues that the loans have been given to key sectors and among which personal mortgages accounted for 11.6%, property loans 8%, and construction loans 9...
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Calmette Hospital US$40 million Multipurpose Building 40% Complete
- 9 July 2020
Construction of the Calmette Hospital multipurpose building is now 40% complete by as scheduled, according to Health Minister HE Dr Mam Bunheng in an interview on BTV on July 07. HE Dr Mam Bunheng said that as the minister of health, he always checks on the infrastructure development of the hospital as well as medical staff and encourages construction workers to finish the construction on time....
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Ratanakiri Province Now Connected to National Grid
- 9 July 2020
Ratanakiri province can now access the national grid with power was supplied from the Lower Sesan Dam 2 on a 230-kilowatt high-voltage transmission line. Electricity du Cambodge (EDC) officially launched a 230-kilowatt high-voltage transmission line about 102 kilometres from the Sesan Dam 2 in Stung Treng province and a new 230-kilowatt grid substation in Ratanakiri province over last weekend, ...
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