Policy and Strategy
Is Buying Property Always Better than Renting?
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. […]
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) […]
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Slowdown in Construction and Real Estate Remain ADB’s Concern, Despite 5.4% Growth Forecast in 2021
The Asian Development Bank (ADB)’s December forecast has shown that Cambodia’s economy will contract by 4% year-on-year during 2020, and the growth will rebound by 5.4% in 2021. However, the slowdown in the construction and real-estate sector is still a concern among other risks. This forecast remains unchanged compared to the September forecast by the […]
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Major Real Estate Firms Donate Over US$16 million for COVID-19 Vaccine
By 08 December, six major local real estate companies have donated a total of US$16 million to the government to purchase COVID-19 vaccines. Those firms include Prince Real Estate Group, Pheng Hout Group, Chip Mong Group, Royal Group, and Borey Piphop Tmey, who donated US$3 million each. Meanwhile, Leng Navatra also donated US$1 million. According […]
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Over 3,000km of Roads in Cambodia Built by China with over US$3 billion in Loans, says Transport Minister
Chinese companies have thus far built more than 3,000km of roads and eight major bridges with a total length of over 8km for Cambodia, thanks to more than US$3 billion in concessional loans from the Chinese government. Minister of Public Works and Transport (MPWT) HE Sun Chanthol summarised this data in his speech during the […]
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Over 113km of Flood-damaged Roads Nationwide Fixed
Over 113km of Flood-damaged Roads Nationwide Fixed The government has thus far repaired over 112km of roads nationwide, after over 3,000km of infrastructure were damaged by floods in recent months. Ministry of Rural Development spokesman HE Chan Daron revealed this information during a press conference on 24 November. “So far, we have made emergency repairs […]
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Gov’t Allows Reopening of Schools, Stadium, and Other Entertainment Venues
The Cambodian government has recently announced the reopening of schools, stadiums, museums, and other entertainment venues including wedding parties, but with stricter precautionary measures. According to a special audio message from Prime Minister Samdech Hun Sen, released by Fresh News on 18 November, the reopening of the above-mentioned venues aims to boost the economy after […]
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Government Spends Over US$790,000 Building Quarantine Centre in Phnom Penh
The Cambodian government has allocated approximately US$790,000 for the construction of six buildings as a quarantine centre in Phnom Penh for Khmer people travelling from abroad. The quarantine project consists of six buildings covering nearly one hectare of land in Phsar Lech Village, Prek Pnov commune of Prek Pnov district. Began in September, the construction […]
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How the Hospitality Industry Recovered with the Participations of Domestic Travellers
By Eric Wong Chon Lap Cambodia is a country with full of festivals, holidays and celebrations. After months of staying home following the COVID-19 outbreak, domestic demand for travel has exploded which can be seen with the recent Pchum Ben holiday where the easing of restrictions became the first sign of recovery for Cambodia’s hospitality […]
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Cambodia-Singapore Draft Agreement for Phnom Penh Logistics Centre Project
The draft agreement between the Ministry of Public Works and Transport (MPWT) and Singaporean firm YHC to build a Logistics Centre in Phnom Penh, has been completed. Both parties are currently reviewing the content before moving to the next stage. MPWT Minister HE Sun Chanthol said during the meeting with the Ministry of Economy and […]
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