Business and Market
Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with […]
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Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan […]
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Lennar Named #1 Homebuilder Worldwide on FORTUNE Magazine’s 2021 List of ‘World’s Most Admired Companies’
Lennar Corporation, the leading homebuilder in the United States has been named #1 Most Admired Homebuilder on FORTUNE Magazine’s 2021 List of World’s Most Admired Companies. “This recognition is a testament to the extraordinary efforts and dedication of all Lennar Associates in delivering exceptional quality homes while providing an excellent customer experience,” said Stuart Miller, […]
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Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by […]
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in […]
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Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
Malaysia’s MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia’s three major airports: Phnom Penh, Siem […]
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field […]
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Real Estate Market Lessons from a Year of Pandemic & Future Trend Projections
The COVID-19 pandemic put quite severe pressure on the real estate market in Cambodia in 2020 with a moderate drop in the number of transactions. Due to the recent surge in the community outbreak, the pressure on the market in 2021 remains high or even higher. According to expert observations in recent months, the number […]
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Malaysian firms seek business partners within the construction sector in Cambodia
Many Malaysian firms have expressed their interests in investing and establishing business partners within the construction sector in Cambodia, especially after the COVID-19 pandemic subsides, demonstrating a positive growth sign for the sector in the post-pandemic period. The investment consideration was unveiled during an online meeting last weekend between the Cambodia Constructors Association (CCA) and […]
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Construction & Property Weekly Video News (27 March 2021)
This week content (27 March 2021): #1 Naga Corp’s US$350-million Resort in Siem Reap province dismissed [Read more] #2 Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic [Read more] #3 GDT Launches Property Tax App [Read more] #4 314km Cambodia-Vietnam Border Road in Mondulkiri 80% complete [Read more] #5 Angkor Resources Identifies Multiple Quartz Veins & Gold Grains in Cambodia [Read more] #6 361 Construction Inspectors Given Policing Powers [Read more] Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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