English 
ខ្មែរ 
Economy and Finance
Challenges ahead for the real estate slowdown
As the number of foreign workers and travellers in Cambodia decreased since the government announced a ban on the Chinese-run online gambling operations last August, there has been a change in demand and a resultant impact on the residential property sector in Cambodia. Previously, Chinese investments drove the spike in rentals in Sihanoukville, buoyed by cash-rich Chinese who often paid well a...
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World Bank committed to helping Cambodian economy recover from COVID-19 crisis
“The global shock triggered by the COVID-19 pandemic has significantly impacted Cambodia’s economy, ...The World Bank is committed to helping Cambodia deal effectively with the COVID-19 crisis and strengthen the economy for recovery and future resilience.”Inguna Dobraja, World Bank Country Manager The above statement was included in a report released by the World Bank on 29 May on how the“COVID...
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When COVID-19 ends, foreign investors will return, but with thin pockets
We know that the COVID-19 has had a significant impact on safety and the global economy as a whole, but having a clear understanding of how it affects and how much it is has affected industry is difficult to predict. What we've all heard for the time being is that after the virus has hit the world hard; each country closed down their borders, imposed strict controls on businesses, and implemented ...
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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%
The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal letter, GMAC stated that to date, 180 factories have suspended producti...
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Land Ministry to draw up a budget of about US$100 million for LASED III
The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses. The proposed project will utilize a budget of US$100 million, according to Mr Rithy Ratanakcheysith, Deputy Director...
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AIIB announces US$5 billion COVID-19 recovery fund
The Asian Infrastructure Investment Bank (AIIB) announced plans in April to launch a US$5bn crisis recovery fund to support a quick turnaround after the coronavirus pandemic. The US$5bn fund is intended to meet emerging demand among its low-income members, whose economies could be hit the worst by the Coronavirus. Cash would be made available for health infrastructure, emergency plans, or indus...
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Dr Kim Heang: What concerns me most is that foreign investors don’t come and Khmer take no action
Many business executives have suspended their projects for fear of themselves of their workers being affected by the spread of the COVID-19 pandemic, which remains a serious threat to global health with no certainty when it will be resolved. However, as an outstanding real estate investor in Cambodia, Dr Kim Heang continues to develop his company's real estate project. Responding to a reporter ...
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CBRE: Retail rental prices drop sharply while supply increases substantially in Q1
CBRE Cambodia has reported that retail rental prices saw a sharp slowdown in February 2020 as a result of the COVID-19 pandemic. According to the CBRE report, retail rental prices sharply declined by 9.2% for community malls and 10.5% for prime retail podiums in February 2020. The decline resulted from the spread of COVID-19 causing a decrease in the level of consumer traffic and retail sales ...
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1 million ounces of gold expected from Okvau, says Ministry of Mines
A senior official of the Ministry of Mines and Energy said that Cambodia expected to extract nearly 1 million ounces of goal based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. The statement was made by H.E. Yous Monyrath, Director General of Mines in a press conference on “Progress and Continuing Direction of the Ministry of Mines and Ener...
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CBRE: Landed property sale prices to remain robust by mid-2020
CBRE Cambodia has predicted that landed property (Borey) sale prices in Phnom Penh will remain robust in the first six months of 2020. However, prices may start seeing delayed corrections due to household cash flow distress caused by the outbreak of COVID-19. According to CBRE’s report, one of the main drivers is due to the number of projects launched between late 2019 and Q1 2020, including pr...
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