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ខ្មែរ 
Economy and Finance
Canadian firm receives approval for Cambodian oil and gas concession
Canadian oil exploration firm Angkor, through its subsidiary EnerCam Resources Co. Ltd, has recently gained approval from the Government of Cambodia on its request for a 7,300 km2 oil and gas concession in the Kampong-Som Basin. According to the firm’s announcement on 13 August, the approval will allow Angkor to perform oil and gas exploration within the Petroleum Block VIII of the Kampong-Som ...
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Plan floated to establishing Sihanoukville as logistics centre
The Cambodian government plans to turn Sihanoukville town into one of the major logistics centres in the country, since Sihanoukville is a major centre for the transport of goods and products through its deep-sea port. The development of Sihanoukville town as a logistics centre is aimed at ensuring sustainable economic, social and environmental development and ensuring the necessary infrastruct...
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CDC approves two construction projects worth US$166 million in Phnom Penh and Kampot
The Council for the Development of Cambodia (CDC) on 07 August approved a total of US$165 million in investment in a hotel and a construction materials factory in Phnom Penh and Kampot. According to the announcement, the hotel project is proposed by Royal Field Development Company Co., Ltd, a subsidiary of Chip Mong Group. This project comprises of a 300-key 3-star hotel as well as a commerc...
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Special economic zone for Mondulkiri province studied
The Cambodian government has been studying the establishment of a special economic zone (SEZ) in the north-eastern area of Cambodia to diversify the economy. The establishment of this SEZ is in line with the economic and social development goals of the northeast area. H.E. Vongsey Visoth, Secretary of State at the Ministry of Economy and Finance, said at a recent seminar on macroeconomic policy...
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Government Gives Green Light to Another New SEZ in Sihanoukville
The Cambodian government has recently approved the construction of another special economic zone project on more than 55 hectares of land in Sihanoukville, to help boost the kingdom’s economic growth. This approval comes as a result of the second inter-ministerial meeting regarding the Environmental and Social Impact Assessment (ESIA) discussion on this project on 01 August 2019. Owned by Ca...
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Will the increase in China’s domestic property developer bankruptcies affect Cambodia construction sector?
The 50 percent rise of bankruptcy rate among the home developers due to the economic slowdown in China this year has caused a controversial question whether or not it would affect the Cambodian construction sector since a large portion of the investment within this sector is the investment from China. Due to restrictions on borrowing in China, 274 homebuilders have filed for bankruptcies this y...
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Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit
Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which is now undergoing extensive construction ahead of the 2023 SEA G...
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Kampot City to become tourism and agricultural product processing hub
The government has identified Kampot city as one of the most important tourist destinations and an agricultural product collection hub for exports to international markets, while the physical infrastructure in the coastal city remains under construction and development. According to the Urban Planning 2030 plan for Kampot city, the government aims to develop Kampot town to be a ‘green pearl, na...
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Cambodia Architect & Decor 2019
The platform to create networking and business opportunities between international stakeholders and local Cambodia architects, project developers, interior designers as well as traders and distributors, will return on 6 – 8 June 2019 at the Diamond Island Convention and Exhibition Center, Phnom Penh. Organisers, the Cambodian Society of Architects and ICVeX, retain the theme of “Design for bett...
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Thailand Condominium Market Facing Glut With More Than 450,000 Units Unsold
Thailand’s condominium market is seeing a glut with more than 450,000 units going unsold across the country in 2018, according to business media outlet Bloomberg. On 16 May 2019, Bloomberg reported that around 65,000 new apartments were added to Bangkok alone in 2018 while 454,814 residential units across Thailand went unsold in the same period with a value worth around US$41 billion. “The o...
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