Business and Market
Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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US$25 million Coastal Business Centre Proposed for Kampot
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star […]
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to […]
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Aeon to Build its First US$180 million Mall in Myanmar in 2021
Aeon plans to build the first Aeon Mall in Yangon, Myanmar, in early 2021 with an investment of US$180 million, according to the Nikkei Asian Review on 06 August. As a joint venture between Aeon Mall and Shwe Taung, the project will be built on 72,000 square metres of land and is scheduled to open […]
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Chip Mong Land Launches New Location of Grand Phnom Penh with 7% discount
Chip Mong Land has launched the new location of Grand Phnom Penh City with a discount of up to 7% discount for buyers making transactions on 1-2 August. According to Chip Mong Land, the launch of this new location in Grand Phnom Penh City is in response to the demand and support from homeowners, particularly […]
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Food Delivery Putting Traditional Stores on the Line
By Eric Wong Chon Lap Online food delivery services were almost non-existent in Cambodia a few years back. However, consumers nowadays are able to have their favourite food delivered to their doorsteps via online food delivery applications. Currently, consumers can order anything ranging from burgers, bubble tea or fried chicken from large chains, major brand-name […]
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US Firm Selects Sihanoukville for Real Estate Agent Training Campaign
Century 21 Zillion Holding chose Sihanoukville as the first province after Phnom Penh to launch its mega campaign of training 3,800 qualified real estate agents nationwide. The campaign is considered a strategic move against the COVID-19 crisis, as it can help boost the economy by creating more jobs. The training event was held on 24 […]
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New Shopping Mall Construction Overshoots Local Demand
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total […]
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ASEAN real estate businesses seek solutions for growth post-COVID-19
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The […]
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