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ខ្មែរ Economy and Finance
Over 3,900 Construction Projects Worth US$5.4bn Approved in 11 Months of 2021
- 11 January 2022
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. There were 3,284 residential proj...
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Domestic cement production reaches nearly 8 million tons in 11 months
- 27 December 2021
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 last year. We still have 7,989,864 tons fr...
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3,263 Construction Projects Registered in 9 Months
- 24 December 2021
3,263 construction projects were registered in the first nine months of this year, a 476-project decrease from the same period last year. Figures from the Ministry of Economy and Finance issued recently showed that the value of registered construction projects was US$4.6 billion, a year-on-year decrease of 20.6%. Of the total registered construction projects, 2,909 projects or equivalent to...
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Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date
- 23 December 2021
Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according to the meeting between Vietnamese President Nguy...
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Expert: Condo Market Recovery Uncertain in 2022, Pending Greater Foreign Investment Inflow
- 23 December 2021
Due to the impact of the COVID-19 pandemic, the condo market in Cambodia has been hit hard for two years in a row, 2020 and 2021. 2021 has been even worse than 202o given lockdowns and the widespread new variants. Cambodian real estate expert and chairman of KW Cambodia Dr Kim Heang has projected that the condo sector market will remain stagnant in 2022 if there is no inflow of foreign buyers d...
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Royal Group Acquires 45.09% of Phnom Penh SEZ, Becoming Biggest Shareholder
- 21 December 2021
Inter Logistics (Cambodia) Co Ltd, a subsidiary of the Royal Group, has acquired 45.09% of Phnom Penh SEZ Plc (PPSP) and now becomes the largest shareholder of the company. In a press release issued on 21 December 2021, Neak Oknha Kith Meng, chairman of the Royal Group and Inter Logistics (Cambodia), said that the acquisition is another great milestone for the development of the Royal Group. ...
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NBC: Total Credit Reaches US$44.9 billion by Q3 2021; Construction Contributes 25.6%
- 21 December 2021
By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December. Among all, credit given to the construction sector was at US$11.5 billion, or 25.6% of the total credit. This number has increased by 31.2% compar...
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Cambodia, China Set SSEZ as Bilateral Industrial Cooperation Zone
- 20 December 2021
Sihanoukville Special Economic Zone (SSEZ) will soon become a special hub for bilateral industrial cooperation between Sihanoukville and Jiangxi Province of China, according to senior officials of both countries. Sihanoukville Deputy Governor Long Dimanche and Party Secretary of the Communist Party of China Committee of Wuxi City Du Xiaogang chaired an online meeting on 17 December. In the m...
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ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
- 15 December 2021
Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport. The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank. The bond is guaranteed by OCIC with an interest rate of 5.5% per...
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Real Estate Firm JS Land Plc Receives In-Principle Approval for Stock Listing
- 14 December 2021
JS Land Plc, a housing developer, has received in-principle approval for a stock listing on the Cambodia Securities Exchanges (CSX). The approval was made in an official meeting on the non-banking financial service sector held on 13 December under the presidency of HE Aun Pornmoniroth, Minister of Economy and Finance. In the meeting, the non-banking financial council asked the JS Land Plc to...
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