Business and Market
Basic Construction Material Imports Drop as Some Large Development Projects on Hold
As of September 2020, steel and cement imports continued to sharply decline, contracting by 41.4% and 38.1% year-on-year, respectively. This drop is because some large development projects, especially high-rise commercial and residential buildings, were put on hold, according to a recent report by the World Bank. The report entitled Cambodia Economic Update: Restrained Recovery published […]
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NagaCorp Chairman: NagaWorld Fully Operational Despite Further Restriction
The casino resort complex NagaWorld in Phnom Penh remains open and fully operational despite a recent spike in community transmission in Cambodia, which led to stricter safety measures and travel restrictions, according to NagaCorp Chairman Tim McNally. Tim McNally told GGRAsia that NagaWorld remains open and fully operational. He added that his casinos have adjusted […]
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The Rise of Food Courts in Retail Spaces
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, […]
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New US$9.5-million Commercial Centre Planned for NR2, South of Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved the Blissful Capital Co., Ltd. to establish a new business centre project worth approximately US$9.5 million along National Road 2, south of Phnom Penh. Located on land plot 532 in Sangkat Chak Angre Leu of Meanchey district, this new business centre will contribute to […]
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Gov’t Urges Development Partners to Invest in over 300 Logistic Projects in Cambodia
The Cambodian government has urged all development partners to invest in over 300 logistic projects in Cambodia, while the logistic master plan prepared by the Ministry of Public Works and Transport (MPWT) is being finalised. MPWT Minister HE Sun Chanthol made the announcement in his speech during the video conference of the 11th International Infrastructure […]
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Stay up to date in the construction sector, Stay Tune with Cambodia’s Construction Today Show
Real estate and construction sectors are very crucial, in particular among the developing countries. Cambodia is one of those, where these two sectors have been growing rapidly in recent years. Investors, business people, as well as the general population, tend to keep themselves update within the sectors, aiming to grab any opportunity that arises. Thus, […]
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CCA to Postpone Business Networking Event Over Community Infection Concern
The Cambodian Constructors Association (CCA) has decided to postpone the business networking event, which was scheduled for December 18, as the government has banned all social gathering after the recent spike of community infection (so-called the November 28 Community Incident). CCA Secretariat General Manager Mr Chhiv Sivpheng said, “As the COVID-19 once again harms our […]
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Cambodia Constructors Association to Host Business Network in December
Cambodia Constructors Association (CCA) will host a business network event this upcoming 18 December, aiming to boost more business activities within the construction sector after seeing it slow due to the COVID-19 pandemic. Scheduled to be held at the Dara Airport Hotel, the event will be joined by CCA members, construction companies, and other key […]
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Property Developer-Owned Banks: Opportunity or Risk for the Real Estate Market?
In recent years, some major property developers in Cambodia have started opening their own banks. Chip Mong Bank and Prince Bank are two main examples of banks owned by well-known large-scale developers. But what is their impact on the real estate market? Real estate expert and CEO of Pointer Nguon Chhayleang explained that while developers […]
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Thai Air Con Manufacturer to Expand Business to Cambodia
Thai air-conditioner and solar power manufacturer PPJ Engineering Co Ltd is planning to expand its business to Cambodia next year as local demand increases thanks to the construction sector boom. According to the Royal Embassy of Cambodia to Thailand, Mr Somkiat Limcharunthon, general manager of PPJ. Engineering Co Ltd gave assurances that the company will […]
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