Economy and Finance
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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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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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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Cambodia’s construction investment reached US$4 billion in H1 2020, a 13% increase
Despite the global crisis of Covid-19, Cambodia’s construction investment value in the first half of 2020 has reached nearly US$4 billion, indicating a 13% increase compared to the same period in 2019, according to the data of the Ministry of Land Management, Urban Planning and Construction dated 02 July 2020. According to the same source, […]
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Positive Signs of Recovery: Casinos, Clubs, KTVs Allowed to Reopen, Schools to Follow
The Cambodian government has recently allowed some businesses such as casinos, nightclubs, and KTVs to reopen and also plans to open schools very soon. This reflects the positive signs that the COVID-19 situation in Cambodia is improving, and the economy is slowly recovering. According to the result of the cabinet meeting on 03 July, all […]
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PM Hun Sen: Real estate market continues as usual despite COVID-19
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen’s official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite […]
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PM Hun Sen: US$100 million to help developing rural infrastructure while creating more jobs
The USD$100 million in rural infrastructure projects that the government is providing not only helps develop local infrastructure but also provide jobs for people. The statement was made by Prime Minister Hun during the delivery on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. The Prime Minister explained […]
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ASEAN: Mega construction projects will rebound to reach US$2.9 trillion over the next five years
Increasing investment in ASEAN construction industry The COVID-19 crisis has left many economies across the globe, including the construction industry, closed for a months during the first quarter of 2020. For ASEAN, significant opportunities for the growing demand for construction machinery are expected to increase after 2020, due to large infrastructure projects and changing labour […]
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PM calls for loan restructuring for private educational institutions
Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia […]
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PM Hun Sen: house demands still on course amid COVID-19
Cambodian people are still reportedly able to afford for buying houses at housing construction projects amid the COVID-19 pandemic. However, Cambodia’s economic growth this year projected to growth at the negative growth rate. In a visit to inspect construction process of new Phnom Penh international airport on June 22, Samdech Techo Hun Sen, Prime Minister […]
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