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ខ្មែរ Business and Market
New Aquaculture, Eco-Tourism Project Set for Prey Chhor, Kampong Cham
- 26 February 2021
Private firm Pharath Rattanak has recently received a permit to invest in building a new aquaculture and eco-tourism project on over 7 hectares of land in Chok Boeung Thom in Prey Chhor district, Kampong Cham province, according to Kampong Cham Governor HE Un Chanda on 25 February. This large-scale project is divided into four parts, of which three parts are related to aquaculture including the...
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Hotel Industry Outlook in Siem Reap Remains Gloomy
- 26 February 2021
By Eric Wong Chon Lap The ongoing COVID-19 pandemic has devastated the hotel industry, and it looks like the slump will continue until the end of 2021. Leisure travel is only expected to return once vaccinations become more widespread. For cities like Siem Reap or Sihanoukville, their hotel industries are being hit harder compared to Phnom Penh. In Phnom Penh, high-end hotels are gearing up ...
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Hotels in Sihanoukville Ordered to Close After Two Cases Found Linked to 20 February Incident
- 24 February 2021
Four hotels and one apartment block in Sihanoukville have been ordered to close after two Chinese guests tested positive for COVID-19 and found to be linked to the 20 February community outbreak. According to an announcement by the Sihanoukville Administration's on 23 February, the hotels locked down are the three branches of Jin Bei Hotels, the Gang Guan Jiayi Hotel, and a staff apartment of t...
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PM Hun Sen Postpones Hyatt Regency Phnom Penh Grand Opening Ceremony
- 23 February 2021
Prime Minister Samdech Hun Sen has postponed this schedule to chair the Hyatt Regency Phnom Penh grand opening ceremony on 26 February, given the recent surge in the community transmission or known as the ‘20 February Community Incident, reported the Ministry of Information. The five-star hotel Hyatt Regency Phnom Penh finished its construction in late 2020 and has already opened for service si...
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U.S. Seeing More International Buyers Snap Up Great Deals
- 20 February 2021
Foreign Real Estate Transaction Trends in the United States International buyers of U.S. residential real estate account for a significant 5% of total residential real estate purchases, with top geographies for international buyers including Florida, California, Texas, New Jersey, and New York. The average price foreign buyers pay for a U.S. home is $300,000, which many buyers have found highly...
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Large-Scale Borey to Rise in Prey Sar, Dangkor District
- 19 February 2021
Advertorial: Borey Peng Im 2 has been officially launched and opened for sale from 19 February onward, adding more residential supply to the newly-developed area of Dangkor district. Spread over 3 hectares, the project comprises of 245 houses, divided into three types: shop house, hybrid villa type B, and type C. According to the project manager Mr Pen Nak, investing in property with...
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Wyndham Hotels & Resorts Open First Five-Star Hotel in Sihanoukville
- 19 February 2021
Five-star international brand hotel Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville has been officially opened along Independence Beach, according to PR Newswire. This is the very first time that Wyndham Hotels & Resorts, the leading provider of hotel management services with over 8,900 hotels across nearly 95 countries, opens a hotel in Cambodia. Howard Johnson Plaza by Wyndham B...
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Land Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
- 17 February 2021
The Minister of Land Management, Urban Planning and Construction HE Chea Sophara has revealed that that the Japanese government has been assisting Cambodia in many major projects within the construction and urban planning sectors. Speaking at the Cambodia-Japan Urban Development Conference on 16 February, HE Chea Sophara expressed sincere thanks to Japan for the very close cooperation, and summ...
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EuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
- 15 February 2021
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event organised biennially ...
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Masterplan for US$16 billion Ream City Development Approved
- 9 February 2021
A masterplan to develop an 834-hectare sustainable Ream City by Singaporean firm Surbana Jurong has been approved by Canopy Sands Development, a member of Prince Holding Group, according to The Straits Times. Worth over US$16 billion, the Ream City project will transform the region into a new ecosystem of tourism, commercial and residential city that could house up to 130,000 residents. Acco...
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