Economy and Finance
Kampong Speu Governor Vows to Promote Two Core Sectors to Attract More Investors
Kampong Speu Provincial Governor HE Vei Samnang has vowed to promote industry and tourism within the province even more, as both sectors have been playing very crucial roles in attracting investors. HE Samnang said on 1 March 1 that Kampong Speu is located between Phnom Penh and Sihanoukville, and surrounded major National Roads such as […]
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Hotel Industry Outlook in Siem Reap Remains Gloomy
By Eric Wong Chon Lap The ongoing COVID-19 pandemic has devastated the hotel industry, and it looks like the slump will continue until the end of 2021. Leisure travel is only expected to return once vaccinations become more widespread. For cities like Siem Reap or Sihanoukville, their hotel industries are being hit harder compared to […]
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Spain Mulls Building World’s Largest Floating Wind Farm
Spanish utility Iberdrola is considering investing over US$1.2 billion in a 300MW floating windfarm northwest of Spain and is currently seeking funds from the EU’s Next Generation programme, reported GCR. The scheme is expected to begin this year and become operational by 2026. If approved, it would be the largest floating wind farm built so […]
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Cambodia’s Construction Sector Investment Value US$60.8 billion since 2000
In the past two decades, the construction sector has the major backbone of Cambodia’s economic growth, with the investment value reaching over US$60.8 billion, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara. During the 2nd Public-Private Forum on Cambodia-Japan Urban Development held on 16 February, HE Chea Sophara said that […]
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Land Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
The Minister of Land Management, Urban Planning and Construction HE Chea Sophara has revealed that that the Japanese government has been assisting Cambodia in many major projects within the construction and urban planning sectors. Speaking at the Cambodia-Japan Urban Development Conference on 16 February, HE Chea Sophara expressed sincere thanks to Japan for the very […]
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the […]
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PM Hun Sen: Cambodia Oil Extraction Going Smoothly, Yet to Contribute to the Economy
After a month of production, the Apsara oil station continues to operate smoothly, but the revenue earned from oil is not yet large enough to contribute to the economic recovery, according to PM Samdech Hun Sen on 01 February. (Read more) Samdech Hun Sen said that Cambodia has been producing oil for 33 days since […]
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Construction & Property Weekly Video News (30 January 2021)
This week content (30 January 2021) #week125: #1 Prince Real Estate Group Unveils New Shopping Mall Project in Phnom Penh (Read more) #2 NR10 Connecting Battambang to Koh Kong 43% Complete (Read more) # 3 Private Firms to Invest in Two Large Projects in Koh Kong Province (Read more and more) #4 Cambodia Construction and […]
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Experts Share 7 Key Strategies to Succeed in Real Estate Investment
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with […]
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Solar Power Plant in Siem Reap Goes Online, More Scheduled Nationwide
A 32-kilowatt solar power plant in Siem Reap province officially went online on 27 January, with three more large-scale solar power plants with a total output of over 110 megawatts scheduled to start operation across the nation in 2021. Located at the Sok An Phnom Kulen Orchid Research and Conservation Center, the 32KW plant can […]
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