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ខ្មែរ Business and Market
1,829 Construction Projects Worth US$2.3 Billion Approved in First Five Months
- 6 July 2021
During the first five months of 2021, a total of 1,829 construction projects have been approved, a decrease of 278 projects compared to the same period last. These projects have a total amount of estimated investment value of US$2,349 million, which also dropped by 32%. This is according to the recently published Social-Economic Trend report from the Ministry of Economy and Finance. Among al...
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Macau Casino Operator Delays 1200-hectare Land Acquisition in Siem Reap Again
- 29 June 2021
Macau-based gaming operator Macau Legend Development Ltd has once again failed to reach an agreement on its 1200-hectare land acquisition in Siem Reap but has stated that it is now negotiating with the seller for amicable solutions, reported IAG. Macau Legend Development Ltd first revealed its plan to build an integrated resort in Siem Reap province in 2018 when the firm also signed a Sale &...
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Koh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
- 23 June 2021
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the amortisation and impairment loss made on the intangible assets...
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MPWT Discusses Infrastructure Investment Opportunity with US Chamber of Commerce
- 16 June 2021
Ministry of Public Works and Transport (MPWT) Minister HE Sun Chanthol met with the American Chamber of Commerce in Cambodia (AmCham) on Tuesday 15 June to discuss the potential and investment opportunities in transportation infrastructure. The meeting was attended by several AmCham members led by AmCham President and CEO of Cambodia Investment Management Anthony Galliano. Besides encouragin...
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Total Capital Registered in New State-Run Online System at US$2.6bn, Real Estate Sector Accounts for 15%
- 16 June 2021
The total number of companies registered through the new state-run online business registration platform has reached over 6,000, or equivalent to over US$2.6 billion investment value, one year after the platform’s establishment. According to the report from the Ministry of Economy and Finance’s there have been a total of 7,000 requests, 6,164 of which have been approved. Among the requests, ...
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HLH, Hei Shi Mineral to Co-Invest US$20 million in Mineral Resource Exploration in Kampong Speu
- 11 June 2021
Hong Lai Huat (HLH) Group’s wholly owned subsidiary HLH Agriculture (Cambodia) signed an MOU with Cambodia Hei Shi Mineral on 08 June to co-invest an estimated US$20 million in mineral resource exploration and mining at the Agriculture Hub in Kampong Speu, reported The Edge Singapore. According to the 10-year MoU with a renewal option, both parties will establish a joint venture (JV) where HLH ...
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NagaCorp Confirms Lay-Offs, Pay Cuts as Proactive Measures
- 8 June 2021
The operator of NagaWorld integrated resort (IR) NagaCorp has confirmed job lay-offs and pay cuts as “proactive measures” to manage the impact of the COVID-19 pandemic, given that the casino has been closed since early March, according to its report issued yesterday. “We have taken proactive measures to manage the situation. We launched a rationalisation program to improve cost efficiency, whic...
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FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
- 4 June 2021
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. China is still...
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Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
- 3 June 2021
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans has helped many COVD-19 affected borrowers in the kingd...
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NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
- 3 June 2021
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 May. By sector, credit growth in construction remaine...
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