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ខ្មែរ Business and Market
Mine exploration licenses open for public bidding
- 26 March 2020
The Ministry of Mines and Energy announced it will open applications for public bidding on mine exploration licenses in four areas. According to an announcement dated 23 March, the four areas cumulatively cover 794 square km in the provinces of Preah Vihear (One-area), Oddor Meanchey (One-area) and Mondulkiri (Two-areas). The ministry stated that local and international companies can apply f...
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Construction in context of COVID-19 stable for Q1 2020, says MLMUPC
- 21 March 2020
A spokesman for the Ministry of Land Management, Urban Planning and Construction, H.E. Seng Lot, said that the construction sector in Cambodia in the context of COVID-19 has not decreased. The statistic was announced during a press conference on "Progress and Continuing Direction of the Ministry of Land Management, Urban Planning and Construction" at the Office of the Council of Ministers on 16 Ma...
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EuroCham hosts breakfast talk on investment opportunities in the real estate sector
- 20 March 2020
EuroCham hosted a breakfast talk on Investment Opportunities in the Non-residential Real Estate Sector, including the impact of COVID-19 and EBA removal on the sector on 12 March 2020 at Topaz Restaurant, Phnom Penh. A wide range of key potential areas of the Non-residential Real Estate Sector was discussed during the event including construction safety, the medical-industrial sector, entertain...
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Comin Khmere supports site visit for students studying construction law
- 19 March 2020
Comin Khmere, a subsidiary of Comin Asia Group and one of the country’s leading engineering solutions provider, is helping drive the understanding of construction best practices, focusing mainly on safety and quality. In line with the government's goal to promote safety at construction sites, Comin Khmere supported the organisation of a study tour for 8 PhD students majoring in law at the Royal...
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20 firms to bid for Phnom Penh waste management contract
- 12 March 2020
20 firms are submitting applications to bid for Phnom Penh’s waste management contract before the deadline at the end of March 2020. This statement was made by Mr Huot Hay, Deputy Governor of Phnom Penh, who is in charge of waste management systems, at the 10th Phnom Penh Municipal Council Meeting on 12 March, 2020. “So far, we have received applications from 20 firms in Phnom Penh to bid to...
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Property buyers turning their attention to affordable housing
- 4 March 2020
The demand for affordable housing continues to increase as the number of middle-class citizens continues to grow. Thus, developing affordable housing as well as high-quality commercial offices will likely be the major focus for the year 2020, according to local real estate experts. The real estate sector, which is the core of Cambodia’s economic growth, is expected to grow over the next five ye...
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Chip Mong Industries welcomes 100 mechanical engineering students
- 3 March 2020
Chip Mong Industries has welcomed university students to its facility to understand the process of production and technology of ready mixed concrete, and the tile and pipe factory. On 28 February 2020, almost 100 mechanical engineering students from the Institute of Technology of Cambodia visited a tile and pipe factory, as practical experience to apply in their field of study. During th...
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
- 27 February 2020
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one case reported so far. “Amid this low number of ...
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Tax on agricultural land exempted for another 100 years, says PM Hun Sen
- 26 February 2020
The government has exempted tax on agricultural land for more than 41 years and will continue to exempt it for another 100 years or as long as the ruling party is in power, according to the prime minister. Samdech Techo Hun Sen made the announcement on 26 February during the inauguration ceremony for the official opening of National Road No. 58 connecting Banteay Meanchey to Oddar Meanchey. (Re...
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PM Hun Sen vows to speed up oil production by 2020
- 25 February 2020
Prime Minister Samdech Hun Sen has pledged to accelerate the first oil production in Cambodia from the Apsara oil field by 2020 but has yet to provide a specific date. Samdech Hun Sen made the statement during a press conference regarding the latest updates in Cambodia on 24 February. "I have not yet announced the specific time for extracting the first drop of oil, but we have to speed up th...
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