Shopping Centres & Retailers Stay Active Despite Tough Year
By Eric Wong Chon Lap Retail businesses continue to be stressed and are finding it difficult to sustain with the weakening of spending power. It is estimated this current outbreak will have a significant impact on the retail market in the following quarters. As the number of daily COVID-19 cases in Cambodia increased to close […]
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Fuel-Fired Power Plants in Lvea Em Could be Replaced with LNG, says Study
A new study has shown that the heavy fuel-fired power plant in Lvea Em district in Kandal province can be switched or added with a new LNG generator in the future, which will help the plant operating in a greener manner, reported Power Magazine. However, the more necessary infrastructure is required to be constructed to […]
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ADB: Cambodia Should Embrace Green Investment to Achieve Low-Carbon Economic Growth
The recently published article by the Asian Development Bank (ADB) has suggested that the Cambodian government shouild embrace more green investment and clean energy production to achieve low-carbon economic growth in the long run. Published on 25 August, the article entitled “Cambodia is making strides on the long road to low-carbon economic growth” is co-written […]
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2,235 Construction Projects Worth Over US$2.5 billion Approved in H1, Down by 28% Y-O-Y
During the first half of 2021, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) issued permits for a total of 2,235 construction projects with an estimated investment value of US$2.5 billion, down by 28 % compared to the same period last year. MLMUPC Secretary of State HE Lao Tipseiha confirmed the numbers with […]
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Hard Lessons for Property Developers and Buyers in Cambodia
Like many hoping for easy cash in Cambodia’s property market, many individual buyers borrow money from the bank they didn’t need, and their sole purpose is only planned to flip. The only question is how big the profit would be? or if they can make a profit out of the current market conditions? The local […]
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MEF: Cambodia’s Economic Growth Projected at 4.8% in 2022
The Ministry of Economy and Finance has forecasted the kingdom’s economic growth in 2022 at 4.8% due to the gradual positive recovery signs driven by the effective vaccination campaign. Speaking at the seminar on the macroeconomic policy framework and public finance 2022 on the morning of Tuesday 17 August, Minister of Economy and Finance HE […]
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Land Prices in Southern PP Forecasted to Keep Rising; currently US$100- 2,000 per sqm
CBRE Cambodia has predicted that land prices in the southern part of Phnom Penh will continue to rise as prices can currently vary from US$100 to over US$2,000 per sqm. The international property agency added that land values in the area have begun to pick up pace since 2011 after the government announced the construction […]
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Southern Phnom Penh a future country’s new economic corridor, says CBRE
CBRE Cambodia has forecasted that the southern districts of Phnom Penh and several neighboring districts of Kandal province will soon become the country’s new economic corridor, encompassing future residential, commercial, and industrial activity. According to its recent report, the Capital’s most southern districts namely Dangkao and Mean Chey, as well as Takhamo City, Kandal Steung […]
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Government Dismisses Report of Lower Se San II Project Impacts
The Cambodian government has dismissed the Human Rights Watch’s report on the impacts of the Se San II dam, citing that dam development brings prosperity to people’s living, generates jobs, and generates electricity. The remarks were made after the Human Rights Watch issued the 137-page report noting the social, economic, environmental, and wildlife impacts, and […]
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Mortgage Applications Drop by 32% in Q2; Value Shrinks 17%
The number of mortgage loan applications in the second quarter of 2021 dropped by 32% while the total loan value also decreased by 17%, compared to the first quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of June 2021, the number […]
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