Economy and Finance
Cambodia’s Construction Sector Improves Ranking in Region
Cambodia’s construction sector has improved its ranking among countries in the region, with the score rated in January 2022 showing better performance. According to the GlobalData’s Construction Project Momentum Index, the construction sector in Cambodia is also seeing fewer and fewer problems, with score on the index going up from 0.47 in December 2021 to […]
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Five firms sign MoU to strengthen real estate investment between Cambodia and EU
Five major local and international companies have entered partnerships on new investment opportunities to promote real estate investment between Cambodia, Canada and Portugal. The MoU was signed on 18 February between Zillennium Co., Ltd (Z1 Group), Z1 Financial, Century 21 Fortuna Investment, Mercan Group and Mercadia Cambodia. The collaboration is an important step towards contributing […]
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Mortgaged Amount Reaches US$6.4bn as of December 2021, 26% Rise Y-o-Y
As of the end of 2021, the amount of mortgage loans in Cambodia was recorded accumulatively at US$6.4 billion, accounting for 54.15% of the total consumer loan balance, according to a recent report by the Credit Bureau Cambodia (CBC). This mortgage value represents a 26% increase compared to the accumulative value as of the end […]
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Japan to Build Cashew Processing Plant on Over 1,000ha of Land in Oddar Meanchey
A Japanese company YEBISS HOLDINGS plans to invest in a 1,000-hectare cashew processing plant in Oddar Meanchey province and export finished products to Japan and international markets. The plan was unveiled during the meeting between Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon and Director of YEBISS HOLDINGS Akira Taniguchi on Tuesday 25 January. […]
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A Difficult Year for Real Estate Developments
By Eric Wong Chon Lap As another difficult year for the real estate market come to an end, the market has seen a series of interesting and unprecedented events in various sectors in the Year 2021. New condominium launches in Phnom Penh has slowed down, while low-rise affordable housing demand surges. The retail market is […]
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4,303 Construction Projects Worth US$5.3bn Approved in 2021, 31% Drop Y-o-Y
The Ministry of Land Management, Urban Planning and Construction approved 4,303 construction projects worth US$5.33 billion in 2021, a drop of 31.21% compared to 2020. The ministry stated that the approved construction projects covered a total area of 12.99 million sqm. Among the approved projects, 388 construction permits (10.4 million sqm) worth US$4.2 billion were […]
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2000ha Aquaculture Project Planned for Sihanoukville
Jin Yu Tang (Cambodia) Fishery Co., Ltd will invest in building a 1984-hectare aquaculture project on Koh Thas Island in Sihanoukville. The company’s representative updated the progress of the company’s investment during a meeting with HE Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries held on 11 January. After signing an MoU with the Ministry […]
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CDC Approves 107 Non-SEZ Investment projects in 11 months of 2021
The Council for the Development of Cambodia (CDC) approved 107 private investment projects outside the SEZ in the first 11 months of 2021, a decrease of 34 projects from the same period in 2020. According to the Socio-Economic Trends Report of the Ministry of Economy and Finance, approved projects have a total investment of US$1.7 […]
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Over 3,900 Construction Projects Worth US$5.4bn Approved in 11 Months of 2021
The Ministry of Land Management, Urban Planning and Construction approved 3,925 construction projects in the first 11 months of 2021, a decrease of 403 projects from the same period last year. According to the Socio-Economic Trends Report of the Ministry of Economy and Finance, the construction projects worth US$5,456 million, also a 22.1% drop year-on-year. […]
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Domestic cement production reaches nearly 8 million tons in 11 months
During the 11-month period of 2021, five domestic cement factories produced a total of 7.9 million tons of cement, which is equal to the amount produced last year, according to Cambodian Cement Manufacturing Association Secretary-General Puth Chandarith. “From January to November 2021, it did not decrease in production, we produced the amount as we did […]
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