Borey Market Remains Robust with 39 New Launches in Past 6 Months: CBRE
Despite the COVID-19 crisis, the borey market in Cambodia remains strong compared to other real estate subsectors, especially for low- to medium-priced projects, with 39 new launches in the last six months. According to a CBRE Cambodia report released on 7 April, the number of borey projects in Cambodia will continue to increase, with more […]
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Germany, Norway mull building hydrogen pipeline as alternative to Russian gas
Germany and Norway mull building a hydrogen pipeline linking the two nations to reduce Europe’s dependence on Russian energy supplies, reported Bloomberg. The two nations already signed a statement last month agreeing to build infrastructure to support the export of hydrogen from Norway to Germany. The feasibility study on the project is set to be […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly […]
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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of […]
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WB: Law on Investment, FTA, & RCEP Expected to Attract More Investment in Cambodia
The new Law on Investment, the China and South Korea FTAs, and the Regional Comprehensive Economic Partnership (RCEP) are expected to help boost investment and trade in Cambodia in the coming years, according to a World Bank report on Tuesday. RCEP is a mega trade agreement between 10 ASEAN member states and its FTA partners, […]
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the […]
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New Public Beach in Kep Province Ready for Tourists
The 2,700-metre-long new public beach in Kep is ready to welcome visitors on New Year’s Day, although works related to tree planting and gardening are not yet complete. HE Som Piseth, Governor of Kep Province, said on 5 April that the work of filling soil and building concrete roads in this beach area is 100% […]
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Korea Eyes Investments in Water Supply, Wastewater Treatment & Recycling Systems in Cambodia
South Korea firm -Techcross Water & Energy – has sought to understand investment opportunities in Cambodia by focusing on the environment, such as water supply, wastewater treatment, and recycling. The information was shared in a meeting between Commerce Minister HE Pan Sorasak and representatives of Korea’s Techcross Water & Energy held in Phnom Penh in […]
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EuroCham Partners with Land Ministry on Urban Planning, Construction & Real Estate
EuroCham Cambodia has entered a partnership with the Ministry of Land Management, Urban Planning and Construction (MLMUPC) to help Cambodia enhance city planning, law implementation, and the digitalisation of the construction and real estate sectors. The MoU was signed on 1 April by MLMUPC Secretary of State HE Theng Chan-Sangvar, EuroCham Cambodia Chairman Tassilo Brinzer. […]
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
Medtecs International Corporation Limited (Medtecs) has invested US$3 million in the guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) contributing to the development of the Techo International Airport. The agreement was signed on 4 April between Medtecs’s founder and Chairman Mr Clement Yang and CAIC Director Mr Charles Vann, under the witness of […]
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PM urge Siem Reap authority to focus on infrastructure development in Run Ta Ek area
Prime Minister Samdech Hun Sen has urged the Siem Reap provincial authorities to continue developing more infrastructure in the Ron Ta Ek residential area of Banteay Srei district to facilitate the livelihood of people affected by the 38-road and relocated there. PM Hun Sen said during the inauguration ceremony of the 38-road project on 4 […]
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SHV & Poipet Railways to be Upgraded to High-Speed System, More Lines Under Study: PM
Prime Minister Samdech Hun Sen has urged the Minister of Public Works and Transport to speed up the progress of seeking development partners or private firms to upgrade two existing railway lines into high-speed routes. PM Hun Sen said on 4 April that the government is planning to develop the Phnom Penh-Popiet and Phnom Penh-Sihanoukville […]
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