Business and Market
AMRO: Faster Vaccination and Continued Fiscal Stimulus Keys to Economic Recovery
The ASEAN+3 Macroeconomic Research Office (AMRO) has recommended Cambodia speed up vaccinations and continue providing more targeted and flexible policy measures to achieve economic growth in the upcoming years. This suggestion came after the preliminary assessment by AMRO during its virtual Annual Consultation with the Cambodian authorities from 19 April to 4 May 2021. AMRO […]
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First 7-Eleven in Cambodia Set to Open at PTT Prek Pnov Gas Station in July
After 2 years of planning, 7-Eleven Cambodia is set to open its first branch this July at the Prek Phnov PPT gas station, according to the official announcement of the Department of International Trade Promotion (DITP), Thailand’s Ministry of Commerce. The statement added that the team is currently wrapping up the construction and interior decoration. […]
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Opening of Century Entertainment Casino in Koh Kong Delayed
Century Entertainment International Holdings Ltd has decided to once again delay the reopening date of its casino at the new venue in Dara Sakor district, Koh Kong province, due to the continued impact of the ongoing COVID-19 community outbreak in Cambodia, reported IAG. This is the third time that the reopening has been postponed, from […]
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OCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known […]
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least […]
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Authorities Close More Factories, Markets, Business Centres in Sihanoukville
Sihanoukville Provincial Administration has decided to temporarily suspend the operation of three major businesses in Sihanoukville for 14 days after finding more positive cases of COVID-19. According to the official announcement issued on 26 April, the three businesses include; Dara Samnang Business Center located in Village 3, Sangkat 1; New Star shoe factory in Village […]
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All State & Unregulated Markets Closed for 14 Days
Due to the continuous spike in COVID-19 cases, the Phnom Penh Municipality issued an order on April 23 to close all state and unregulated markets in Phnom Penh for 14 days, from 24 April to 7 May. According to the announcement, state markets and unregulated markets refer to early-morning markets, community markets, markets in land […]
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US$61m five-star hotel & casino in Sihanoukville to open in Q1 2022
Malaysian-based WA Hospitality has announced that it will open the US$61-million Won Majestic Casino Hotel & Resort in Sihanoukville in Q1 2022, reported TTG Asia. Located in front of the Sokha Hotel in Sangkat 4, this 5-star hotel will have a total of 373 rooms featuring luxury suites and studio rooms, a swimming pool, gym, […]
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Supply of Landed Property and Condo by Districts in Phnom Penh
By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia). The same data also shows that comparing 2018 to the end of 2020, the number […]
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New Zealand Firm Unveils Tyres-to-Cement Production Technology
A New Zealand construction company Fletcher Building has recently completed a study to divert used tyres from landfill to cement manufacture, which could help reduce carbon emissions by over 13,000 tons per year. According to the Global Construction Review’s report on 1 April, the company will burn a total of 3 million used tyres a […]
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