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ខ្មែរ Economy and Finance
Construction & Real Estate Share 18% of Total Credit of US$38 Billion
- 1 March 2022
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia's latest report has shown that credit to construction was US$3.58 billion, or 9.3% of the total cred...
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Gov’t to Help Resume Development of Unfinished High-Rise Buildings in SHV
- 23 February 2022
The Cambodian government has set out a plan to help attract new investors to continue the development of unfinished high-rise buildings in Sihanoukville that were affected by the COVID-10 pandemic in the past two years. The remark was made by HE Vongsey Visoth, Permanent Secretary of the Ministry of Economy and Finance in a public forum on macroeconomic management and the 2022 budget law last w...
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Cambodia’s Construction Sector Improves Ranking in Region
- 23 February 2022
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 0.82 in January 2022. Within Southe...
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Five firms sign MoU to strengthen real estate investment between Cambodia and EU
- 21 February 2022
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 to ...
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Mortgaged Amount Reaches US$6.4bn as of December 2021, 26% Rise Y-o-Y
- 12 February 2022
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 of 2020. The report added that mortgage loan applications as of ...
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Japan to Build Cashew Processing Plant on Over 1,000ha of Land in Oddar Meanchey
- 26 January 2022
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. Akira Taniguchi said the ...
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A Difficult Year for Real Estate Developments
- 22 January 2022
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 slowly picking up with more international brands entering the market, w...
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4,303 Construction Projects Worth US$5.3bn Approved in 2021, 31% Drop Y-o-Y
- 12 January 2022
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 approved by the ministry...
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2000ha Aquaculture Project Planned for Sihanoukville
- 11 January 2022
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 on 31 January 2017, the company ha...
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CDC Approves 107 Non-SEZ Investment projects in 11 months of 2021
- 11 January 2022
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 billion, down 72.8% y-o-y. The industry sector accounted the ...
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