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ខ្មែរ Economy and Finance
NBC: Construction & Real Estate Contribute to Cambodia’s Economic Growth in 2022
- 22 July 2022
The construction and real estate sectors are expected to contribute to Cambodia's economic growth in 2022, according to a senior official of the National Bank of Cambodia. HE Chea Chanto, Governor of the National Bank of Cambodia, said that Cambodia's economic growth is expected to reach around 5.3% in 2022. “Cambodia's economic growth is optimistic to continue to grow by about 5.3%, higher...
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More than 1,000 Unfinished Buildings in Sihanoukville
- 15 July 2022
Long Dimanche, Deputy Governor of Sihanoukville Province, said on 14 July that the departure of Chinese investors due to the closure of online games and the COVID-19 crisis over the past three years has left unfinished constructions scattered in Sihanoukville. "At the meeting that day, we observed that new investors who want to invest, such as real estate companies from Singapore. They took not...
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Evergrande Bondholders Dismiss Plan to Delay US$671M Payment
- 12 July 2022
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was working on a debt restructuring plan, that want...
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Century Entertainment Looking to Launch Cambodian Table Gaming Business in September
- 1 July 2022
Hong Kong-listed Century Entertainment International Holdings Ltd says it hopes to launch operations of its gaming table business at a new casino in Dara Sakor, Cambodia, by late September following a series of setbacks. Announcing its financial results for the year ending 31 March 2022 – which saw revenue plummet 72.5% to HK$200,000 (US$25,500) but loss narrow from HK$43 million (US$5.5 milli...
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Walmart to Raise Orders of Cambodian Products
- 28 June 2022
US retail company Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying other products, Anbinh Phan, Director of Global Government Affairs at Walmart, recently told HE Ith Samheng, Cambodian Minister of Labour and Vocational Training, in a virtual meeting. The two sides discussed the purchase orders of Cambodia-made products tha...
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Road Construction Company Preparing to Request Additional funding Amid Rising Petrol Prices
- 23 June 2022
The global petrol price hike could push road construction companies to claim increased budgets as the construction process is hit by the rising prices. The remarks were made by HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport, during an inspection of the construction of National Road No. 48 on 23 June. “When we bid for the construction of National Road 48, we have the...
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
- 22 June 2022
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. The increase in overall prices may...
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Cambodian Private Commercial Center in Atsugi of Japan officially inaugurated
- 21 June 2022
The Cambodian Private Commercial Center, which serves business affairs between Cambodia and Japan located in Atsugi, Kanagawa Prefecture of Japan, has been officially inaugurated on 18 June 2022. Ambassador Extraordinary and Plenipotentiary of the Kingdom of Cambodia to Japan, HE Tuy Ry said the establishment of this Cambodian Private Commercial Center is a new achievement through the cooperati...
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Nestlé Switzerland Wants to Invest in Cambodia
- 20 June 2022
Nestlé Switzerland has expressed its intention to seek more investment opportunities in Cambodia, especially in setting up a factory in Cambodia that sees significant uses for Nestlé products. At the invitation of Nestlé Switzerland, HE Pan Sorasak, Minister of Commerce, led a delegation from the Ministry of Commerce on 16 June to visit Nestlé Switzerland, located in Vevey, Switzerland to discu...
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Cambodia’s Economy Projected to Grow by 6.6% in 2023
- 18 June 2022
The Cambodian economy is predicted to achieve a growth rate of around 6.6% due to the expected continuation of the positive trend of global demand and investment confidence, while the COVID-19 crisis in the country is under control. The government set the forecast for Cambodia's economic growth in 2023 in the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Prime Min...
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