MLMUPC partners with major banks to set up online construction business registration system
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 […]
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Thai government approves US$9bn Pattaya airport expansion
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 […]
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Will COVID-19 cause banks in Cambodia to go bankrupt?
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. […]
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Cambodia and other 5 Countries Agree to Donate US$180.2 million to Fund BRI Projects
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 […]
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CBRE: Retail Market in Q2 Still 19% Below Baseline, But Expects to Slowly Recover
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, […]
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Gov’t will not cut infrastructure spending
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 […]
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Cambodia’s loan demand rose by 20.7% in H1, 28.8% of which from construction and property sector
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 […]
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Calmette Hospital US$40 million Multipurpose Building 40% Complete
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 […]
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Ratanakiri Province Now Connected to National Grid
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 […]
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CBRE: Land prices remain stable in Q2 2020, despite fewer transactions
Land prices across all districts in Phnom Penh in Q2 of 2020 remain robust despite fewer transactions in the market partly due to the COVID-19 pandemic, according to the CBRE Cambodia report published on 07 July. Speaking at the webinar presenting the report, Senior Director of CBRE Cambodia James Hodge said that the fact that […]
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Huawei to Expand Smart PV Tech Market in Cambodia
Huawei has signed a partnership with ASEAN’s largest cable technology company to expand the supply of its smart, or new FusionSolar power, in six countries including Cambodia, Indonesia, Laos, Myanmar, the Philippines and Thailand, according to PV magazine on 07 July 2020. The partnership between Huawei and JJ-LAPP, the largest cable technology company in ASEAN, […]
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Two Pedestrian Bridges to be Built on NR 3
The government is planning to construct two pedestrian bridges on National Road 3, one in Takeo province and another in Kampong Speu, to help ease traffic and avoid accidents at the busy market areas, according to an AKP report on 07 July. At a meeting to review the road safety results of H1 and the […]
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