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ខ្មែរ Economy and Finance
Phnom Penh Autonomous Port Earns US$30 million in 11 Months
- 13 December 2021
During an 11-month period of 2021, the revenue of Phnom Penh Autonomous Port (PPAP) was at US$30 million, a 14% increase compared to the same period in 2020. According to the PPAP’s report published on 9 December, of total revenue, port operation revenue was at US$24.37 million (up 16% y-o-y), port authority revenue at US$3.23 million in (down 3% y-o-y), revenue from other services at US$300,00...
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
- 10 December 2021
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued to be impacted by the pandemic. Besides, exc...
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WB: High Credit Growth in Construction & Real Estate Remain Key Risks to Cambodia’s Economy
- 10 December 2021
The high credit growth and concentration of domestic credit in the construction and real estate sector remains a key risk to Cambodia’s financial stability despite the GDP growth rate projection of 4.5% in 2022, according to the latest World Bank report issued on 9 December. The report added that domestic credit in the construction and real estate sector started to pick up in the last quarter o...
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ADB Provides US$332 Million Fund to Cambodia to Boost Sustainable Economic Recovery
- 8 December 2021
The Asian Development Bank (ADB) has provided US$332.05 million in financing to Cambodia to support Cambodia’s response to the coronavirus disease (COVID-19), further develop the financial sector, build urban infrastructure, and help improve the road network. The financing package was signed on 8 December by Minister of Economy and Finance HE Aun Pornmoniroth and ADB Acting Country Director for...
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EU Launches €300bn Infrastructure Funding Scheme Countering China’s BRI
- 8 December 2021
The European Commission and the High Representative for Foreign Affairs and Security Policy recently launched a new €300 billion global infrastructure funding program called the Global Gateway, aiming to boost recovery in low and middle-income countries as an alternative to China’s Belt and Road Initiative (BRI). Announced on 1 December, the scheme will focus on funding projects in various sect...
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Real Estate Developers Set Plans for Post-Pandemic Expansions
- 3 December 2021
By Eric Wong Chon Lap Almost two years into the pandemic, although some real estate companies are still struggling to survive, or to be remain competitive in the market, major real estate developers and players have been able to quickly adapt to the unexpected situation, capitalizing on the diverse income stream they have built. Some developers have even utilized this pandemic as opportunities ...
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FDI in Cambodia at US$39 billion as of H1 2021; Real estate & Construction Contribute 15.9%
- 27 November 2021
As of H1 of 2021, Cambodia received a total of US$39 billion in foreign direct investment (FDI), an increase of 9.6% compared to the same period last year, according to statistics released by the National Bank of Cambodia on 27 November. The real estate sector ranked third, accounting for 12.2% of total capital, equivalent to more than US$4.7 billion, while the construction sector contributed 3...
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MEF Minister Urges ASEAN Valuers Association to Enhance Regional Real Estate Standards & Guidelines
- 25 November 2021
Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth has urged the ASEAN Valuers Association Congress (AVA) to consider implementing four major guidelines to promote sustainable development of the real estate sector. The request was made in his opening speech at the 23rd ASEAN Valuers Association Congress on Thursday 25 November. HE Minister Aun Pornmoniroth stated t...
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MEF: Real Estate to Recover in Line with Economic Growth; 2.4% in 2021 & 4.8% in 2022
- 25 November 2021
Cambodia's real estate sector is projected to recover quickly supported by a gradual increase in foreign investment inflow and the increase in demand for low and medium price properties. Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth made these remarks at the 23rd ASEAN Valuers Association (AVA) Congress on 25 November. HE Aun Pornmoniroth stated that the real ...
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
- 24 November 2021
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on 24 November. He said that Cambodia...
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