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ខ្មែរ Economy and Finance
Vietnam Planning US$53 billion 30-year Airport Expansion
- 5 March 2021
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between 2030 and 2050. New constructions include the new Long T...
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NagaWorld Temporarily Suspends Operations after 11 Employees COVID-19 Positive
- 2 March 2021
NagaCorp announced on Monday 01 March that the firm has voluntarily suspended operations after 11 of their staff tested positive for COVID-19. According to the firm’s announcement, 3000 employees were tested by the Ministry of Health (MoH) on 27 February, and 11 were found positive. The main objective of the suspension is in response to the recent surge in community transmission or known as ...
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Kampong Speu Governor Vows to Promote Two Core Sectors to Attract More Investors
- 1 March 2021
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 NR51, 44 and 41. Those three routes are packed with develo...
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Hotel Industry Outlook in Siem Reap Remains Gloomy
- 26 February 2021
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 Phnom Penh. In Phnom Penh, high-end hotels are gearing up ...
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Spain Mulls Building World’s Largest Floating Wind Farm
- 25 February 2021
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 far and would create more than 2,800 jobs. The fir...
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Cambodia’s Construction Sector Investment Value US$60.8 billion since 2000
- 18 February 2021
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 investment in the construct...
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Land Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
- 17 February 2021
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 close cooperation, and summ...
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
- 9 February 2021
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 COVID-19 pandemic. For Phnom Penh, among all districts, Dangkor dist...
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PM Hun Sen: Cambodia Oil Extraction Going Smoothly, Yet to Contribute to the Economy
- 1 February 2021
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 29 December, extracting about 40,788 barrels in total or about 1,236 barrels per d...
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Construction & Property Weekly Video News (30 January 2021)
- 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 Property Sectors to Grow by only 2.9% and 2.7% in 2021 (Read more)...
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