MEF: Construction Sector is Forecast to Recover Only 3% in 2022
In the first quarter of 2022, there werea total of 1,001 approved construction projects, down by 6.1% from the same period last, according to a recent report by the Ministry of Economy and Finance (MEF). The decline occurred in almost all types of construction, including public construction, residential construction, villas, commercial construction, industrial construction, and […]
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Credit in Construction Sector at Approx US$13bn as of Q1 2022, Over 29% Rise Y-o-Y
As of the end first quarter of 2022, banking and financial institutions’ loans to the private sector were recorded at over US$50.7 billion. Among these, credit taken by the construction sector shares the highest amount, according to a recent report by the National Bank of Cambodia (NBC). Credit provided to the construction sector as of […]
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As of Q1 of 2022, CDC Approves 47 Investment Projects, a 6.8% Increase Compared to the Same Period in 2021
As of the first quarter of 2022, the Council for the Development of Cambodia (CDC) had approved 47 investment projects, an increase of 3 projects, equivalent to 6.8%, with a total capital investment of US$2,520.6 million which increased by 14. 2% compared to the same period in 2021, according to the First Quarter 2022 Cambodian […]
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As of Q1 2022, Construction Loans increased by 21.5%, Real Estate by 37.2%, Compared to Q1 2021
As of the first quarter of 2022, commercial banks have provided approximately 15,967.91 billion riels of loans for the construction sector which represents an increase of 21.5% compared to the first quarter of 2021, according to the First Quarter 2022 Cambodian Economic and Financial Statistics Bulletin Meanwhile, loans for real estate trading have been provided […]
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Road Construction Company Preparing to Request Additional funding Amid Rising Petrol Prices
The global petrol price hike could push road construction companies to claim increased budgets as the construction process is hit by the rising prices. The remarks were made by HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport, during an inspection of the construction of National Road No. 48 on 23 June. “When […]
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. […]
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Cambodia’s Economy Projected to Grow by 6.6% in 2023
The Cambodian economy is predicted to achieve a growth rate of around 6.6% due to the expected continuation of the positive trend of global demand and investment confidence, while the COVID-19 crisis in the country is under control. The government set the forecast for Cambodia’s economic growth in 2023 in the draft law on financial […]
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Construction & Real Estate Sectors Expected to Continue Growth in 2023
The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated […]
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IMF: World to Gain Nearly US$78 Trillion Over Coming Decades by Making Energy Transition
In the upcoming decades, the world will gain US$77.89 trillion by replacing coal with renewable energy, according to a publication of the International Monetary Fund (IMF) on 8 June 2022. The net gain of this transition presents represents around 1.2% of the current world GDP every year until 2100. The IMF added the amount of […]
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Government Spends US$170m Concessional Loan on Infrastructure in Q1
In the first quarter of 2022, the Royal Government of Cambodia disbursed US$529.79 million from existing concessional loans for infrastructure and other priority sectors. The Cambodia Public Debt Statistics Bulletin of the Ministry of Economy and Finance issued on 09 June stated that 47% of the disbursed amounts were sourced from bilateral development partners, while […]
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