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ខ្មែរ Business and Market
Chinese & Local Firms Mull Building 200ha Factory Complex in Kampong Speu
- 18 August 2021
Kampong Speu Provincial Governor HE Vy Samnang has confirmed that a group of local and Chinese companies are expressing interest in setting up a 200-hectare factory complex in Kampong Speu province. This project was mentioned during a recent meeting between representatives of investment companies and HE Vy Samnang. "The firms have already presented investment plan to establish the factory co...
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Phnom Penh Land Department to Relocate to Sangkat Mittapheap
- 18 August 2021
The Phnom Penh Department of Land Management, Urban Planning, Construction and Cadastral will be relocated to a new location at the former building of the Ministry of Rural Development at the corner of Street 114 and Street 169, Sangkat Mittapheap, Khan 7 Makara. According to the announcement issued on 17 August, the department is currently preparing to move. During this period, there may be...
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Bluebell Group Announces Retail Operations in Cambodia
- 17 August 2021
Bluebell Group, a distributor and operator of high-end brands, has entered the Cambodian market as it is also managing the Peak shopping mall located in the centre of Phnom Penh. At the opening ceremony of operations in Cambodia on Monday, Mr Pierre Balsan, CEO of Bluebell Cambodia, stated that Cambodia is a new frontier of retail and Bluebell Cambodia has brought the latest new international r...
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Affordable modern housing project TKS Residence launched in Pochentong
- 12 August 2021
A new affordable housing project, TKS Residence, has officially launched, aiming to contribute to the growth of the Pochentong area and to provide modern homes at affordable prices to customers. Located in the Pochentong area only 1.5km from the Russian Blvd, the project is being built on approximately 4 hectares of land with a total of 100 houses for the first phase. ...
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Cambodia Imports 600 Tons of Steel from Vietnam in First Five Months of 2021
- 9 August 2021
Vietnam exported 584 tons of steel to Cambodia during the first five months of 2021, a year-on-year decrease of 1.5%, reported VN Express news. Meanwhile, the total export of steel for this country was at 4.1 million tons during this period, or equivalent to the value of US$3.61 billion, a year-on-year increase of 117% Among the top exporting market, Cambodia ranks fourth after China, the EU...
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Bangkok Home Prices Dive Down as Pandemic Continues
- 6 August 2021
Prices of homes in Bangkok have dived compared to emerging cities in Southeast Asia, as the COVID-19 cases in Thailand continue to spike, reported Investvine. According to a study entitled ‘Global Cities Q3’ by Juwai IQI, home prices in Bangkok shrunk by 6% in Q1 2021 year-on-year, with references to condominium prices in the central business district. Completely different from Bangkok, the ...
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Almond Hospitality Group Selected to Provide Catering Service at PH Convention Hall
- 6 August 2021
Renowned real estate developer Peng Houth Group has selected Almond Hospitality, a firm owned by Master Chief Luu Meng, to provide the catering service at its upcoming large convention hall in Chbar Ampov district. Peng Houth Chairman Oknha Thay Chea Houth and Almond Hospitality Group CEO Chef Luu Meng formalised the agreement on Monday, according to the Khmer Times. This agreement comes ahe...
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Pizza Hut to Debut in Cambodia in August
- 5 August 2021
US-based Pizza Hut will open it’s first-ever store in Cambodia this month in response to growing demand and the kingdom’s high potential retail sector. The United Food Group, the owner of the Park Café restaurant, is the Pizza Hut International franchise partner bringing the Pizza Hut to Cambodia. The first store will open in Phnom Penh near the popular Russian market with two more stores se...
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Mortgage Applications Drop by 32% in Q2; Value Shrinks 17%
- 5 August 2021
The number of mortgage loan applications in the second quarter of 2021 dropped by 32% while the total loan value also decreased by 17%, compared to the first quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of June 2021, the number of mortgage loan applications was recorded at 146,380 applications, or equal to 11.26% of ...
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More Construction Firms Enter Stock Market; CSX Approves JS Land Plc’s Listing
- 3 August 2021
The Cambodia Securities Exchange (CSX) has granted approval in principle on an equity securities listing eligibility review to JS Land Plc. In a press release on 3 August 2021, CSX said that in order to be officially listed and have its securities trade on the CSX, JS Land Plc shall get approval for the public offering from the Securities and Exchange Regulator of Cambodia and meet further list...
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