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ខ្មែរ Economy and Finance
Pandemic Dries Off US$3.6 bn in Investment Financing – Construction Sector FDI Inflow Drops by 10.6%
- 19 July 2021
The COVID-19 pandemic crisis has reduced over US$3.6 billion in investment financing in Cambodia, or equivalent to 19.8% of total cash flow for 2020. In the meantime, FDI inflow to the construction and real estate sectors also dropped significantly by 10.6%. According to a press release from the United Nations Development Program (UNDP) in Cambodia issued last week, the biggest financing source...
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Cambodia Earns US$1.1-billion Customs Revenue in H1; Construction Materials Contribute 6.2%
- 16 July 2021
During the first half of 2021, the Cambodian government collected a total of US$1.1 billion in customs and excise revenue, of which construction materials contributed 6.2% or equivalent to US$71.7 million. A report from the General Directorate of Customs and Excise showed that the total revenue of Customs and Excise in H1 2021 dropped by 9% compared to the same period of 2020. However, 49% o...
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79 New Factories Registered, 135 Close in H1: Industry Ministry
- 8 July 2021
During the first half of 2021, there was a total of 79 new industrial investment projects registered in the kingdom, while 135 others have announced closures due to the pandemic. This is according to the primary report from the Ministry of Industry, Science, Technology and Innovation (MISTI). Secretary of State and Spokesperson of MISTI HE Heng Sok Kong said on Thursday 8 July that the newly...
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No Collateral Seized Despite COVID-19 Crisis: Banking Association
- 8 July 2021
The Association of Banks in Cambodia has confirmed that despite the COVID-19 crisis, no borrower collateral has been seized due to late payment, but rather all banks under the association have been doing their best to ease the burdens of all their clients. General Manager of the Association of Banks in Cambodia Heng Koy said on Wednesday 7 July that the association is working closely with all m...
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CDC Approves 87 Investment Projects Worth Almost US$3 Billion in H1, Up By 10%
- 7 July 2021
The Council for the Development of Cambodia (CDC) in the first half of 2021 approved 87 new investments both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year. According to Fresh News on 6 July, compared to the same period in 2020, the number of projects decreased by 63 projects or 72%, but the investment capit...
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CBRE: Property Market Still Facing High Degree of Uncertainty Despite Vaccine Roll-Out
- 7 July 2021
The real estate market in Cambodia remains under pressure and is still facing a high degree of uncertainty despite the very impressive vaccine roll-out by the government, with experts not expecting to see a recovery this year. According to the CBRE Cambodia 2021 Mid-Year Review Webinar yesterday, all four main sectors of the property market are still seeing a downward trend. For the condomin...
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1,829 Construction Projects Worth US$2.3 Billion Approved in First Five Months
- 6 July 2021
During the first five months of 2021, a total of 1,829 construction projects have been approved, a decrease of 278 projects compared to the same period last. These projects have a total amount of estimated investment value of US$2,349 million, which also dropped by 32%. This is according to the recently published Social-Economic Trend report from the Ministry of Economy and Finance. Among al...
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China Proposes ‘Sister City’ Agreement Between Hubei & Cambodia’s Three Major Provinces
- 5 July 2021
China has proposed to establish a 'sister city' agreement between its renowned commercial hub in Hubei province and Siem Reap, Kampot and Sihanoukville in Cambodia. According to a letter from the Ministry of Foreign Affairs and International Cooperation on 2 July, the proposal aims to boost trade opportunities and develop these four provinces into a larger commercial hub network. Hubei provi...
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Vietnam’s GDP in H1 Increases 5.6%, Driven by Industry & Construction Boom
- 2 July 2021
Vietnam saw a year-on-year GDP growth of 5.64% in the first half of 2021, three times higher compared to the same period last year, thanks to the industry and construction boom as the main driving factor, reported Xinhua. According to the General Statistics Office on 29 June, the growth was driven by sectors such as the industry and construction sector that grew by 8.36%; agriculture, forestry ...
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Construction of Khmer-Thai Stueng Bat International Border Checkpoint 20% Complete
- 30 June 2021
The construction of the US$24 million Stueng Bat-Ban Nong Ian international border checkpoint located nearby the existing Khmer-Thai Poipet checkpoint in Banteay Meanchey province is now 21.05%. This is according to a site inspection by the Minister of Public Works and Transport HE Sun Chanthol on the morning of 30 June. Besides giving an update on progress, HE Sun Chanthol also encouraged t...
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