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 […]
Read More
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. […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
World Bank Forecasts Cambodia’s Economic Growth to Remain at 4.5% for 2022
The World Bank has forecast that economic growth in Cambodia will remain at 4.5% this year, unchanged from projections made in January this year, citing that the growth is forecast to accelerate to 5.8% in 2023. For this year, the outlook for Cambodia was unchanged from projections in January, the World Bank said in a […]
Read More
MEF Cooperates with KDI Studying Cambodian Real Estate Market Risk
The Ministry of Economy Finance (MEF) in cooperation with the Korean Development Institution (KDI) has been studying to form a policy for checking Cambodian real estate risk to assess real estate and construction market risk in Cambodia, according to a discussion workshop on 26 May 2022. This study project has been launched on 1 April […]
Read More
Phnom Penh Recorded 310 Boreys &1,603 High-Rise Buildings by Start of 2022
At the start of 2022, Phnom Penh recorded a total of 310 Borey & apartment projects and1603 high-rise buildings, of which 225 have more than 20. These statistics were according to Phnom Penh Municipal Governor, HE Khoung Sreng, at the official opening of Prince Times Square on 07 June 2022. The governor continued that despite […]
Read More
NBC, National Institute of Statistics Oofficially Launches Residential Property Price Index
The National Bank of Cambodia and the National Institute of Statistics of the Ministry of Planning have officially launched the Residential Property Price Index, which is measure and determines specific real estate and construction appraisals as a basis for banking institutions to avoid risks. The launching ceremony of the Residential Property Price Index was held […]
Read More