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ខ្មែរ Business and Market
Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
- 5 April 2021
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by 48.59% from US$128 million in 2019 to US$66 million in ...
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Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment
- 3 April 2021
The Asia-Pacific hospitality sector is projected to recover steadily from the last quarter of 2021 onward, and to hit the 2019 baseline by 2023, according to a recent report by an investment management company Colliers International. The report, entitled Colliers Hotel Insights Q1 2021, also predicted that Cambodia and Macau will lead the way in the casino segment, with Singapore, the Philippin...
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Malaysia’s MIDF Research: Cambodia Aviation Market to Quickly Recovery in Next Two Years
- 2 April 2021
Malaysia's MIDF Research has predicted that the Cambodian aviation market will gain momentum in the next two years after the COVID-19 pandemic subsides, according to The Malaysian Reserve. The forecast analysed the 2021 and 2022 financial status of Malaysian firm Muhibbah Engineering, which has a 21% stake in Cambodia's three major airports: Phnom Penh, Siem Reap and Sihanoukville airports. ...
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
- 1 April 2021
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field started production from a single well, A-01D,...
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Real Estate Market Lessons from a Year of Pandemic & Future Trend Projections
- 29 March 2021
The COVID-19 pandemic put quite severe pressure on the real estate market in Cambodia in 2020 with a moderate drop in the number of transactions. Due to the recent surge in the community outbreak, the pressure on the market in 2021 remains high or even higher. According to expert observations in recent months, the number of buying and selling transactions has declined significantly. Given these...
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Malaysian firms seek business partners within the construction sector in Cambodia
- 29 March 2021
Many Malaysian firms have expressed their interests in investing and establishing business partners within the construction sector in Cambodia, especially after the COVID-19 pandemic subsides, demonstrating a positive growth sign for the sector in the post-pandemic period. The investment consideration was unveiled during an online meeting last weekend between the Cambodia Constructors Associati...
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Construction & Property Weekly Video News (27 March 2021)
- 27 March 2021
<div class="youtube"> https://www.youtube.com/watch?v=SX6CA48j0yE </div> This week content (27 March 2021): #1 Naga Corp’s US$350-million Resort in Siem Reap province dismissed [Read more] #2 Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic [Read more] #3 GDT Launches Property Tax App [Read more] #4 314km Cambodia-Vietnam Border Road in...
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CCA Hosts Online Seminar Promoting Construction Law Implementation
- 25 March 2021
Cambodia Construction Association (CCA) on 24 March 2021 held an online meeting to share knowledge among members and the public about the new sub-decree regarding the certificate of occupancy for old and new buildings. The meeting was held through Zoom and attended by more than 50 participants from different sectors. CCA Secretariat General Manager Chhiv Sivpheng explained that according to ...
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Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
- 24 March 2021
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino tax revenue in 2020 was due to the outbreak of the COVID-19 pandemic. Mr Phi...
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International investors eyeing residential properties by the largest homebuilder in the U.S.
- 19 March 2021
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. With global diversification and currency risk management playing an increasingly critical role in investment planning, individuals recognize the need to bro...
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