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ខ្មែរ Uncategorized
As of June 2022, Singapore Invests in 127 Projects Worth about US$1.53 Billion
- 27 July 2022
As of June 2022, Singapore has invested in 127 major projects worth about US$1.53 billion in areas such as infrastructure, tourism, manufacturing, and other sectors, according to the workshop on Understanding Cambodia: Understanding Business Opportunities in Cambodia on 26 July 2022. Singaporean Ambassador to Cambodia HE Teo Lay Cheng said Singapore was among Cambodia's five largest foreign inv...
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CDC Approves Two Major Projects Worth US$14.3million in Kampong Speu & Kandal Provinces
- 27 July 2022
The Council for the Development of Cambodia (CDC) has approved private investment of US$14.3 million to build two factories in Kampong Speu and Kandal provinces. MILANNA LEATHERWARE M.F.Y (CAMBODIA) Co is investing US$9.2 million to establish a factory producing belts and bags in Krabei Tram village, Chung Ruk commune, Kong Pisey district, Kampong Speu province. BEST BEAUTY COMPANY LIMITED...
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Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
- 27 July 2022
Cambodia's gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan's forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than projections made by the World Bank, the International Monetary Fund and the As...
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MLMUPC approves 1,679 construction projects with an investment value of US$950 million in H1
- 27 July 2022
The number of 1,679 construction projects received construction permits from the Ministry of Land Management, Urban Planning and Construction in the first half of 2022, down 150 projects compared to the same period last year. The report on socio-economic trends of the Ministry of Economy and Finance showed that the total project cost was US$952 million, down 59.5 percent compared to the same pe...
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KOICA to Support New National Paediatric Hospital Building worth US$16 Million
- 26 July 2022
The Republic of Korea will provide US$16 million in aid to the National Paediatric Hospital to construct new infrastructures, purchase medical equipment, and build capacity for hospital staff, which will be conducted from 2022 to 2027. These projects were agreed upon via a Record of Discussion of the Strengthening Capacity of the National Paediatric Hospital which was signed between KOICA and the ...
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Japanese LED Light Factory Helps Cambodia Reduce Electricity Costs by About US$1 Million a Year
- 26 July 2022
Japanese company Minebea Mitsumi produces 100% LED lamps in Cambodia and also exports to worldwide markets. So far, the company has installed 18,880 LED lights, which has reduced electricity consumption and CO2 emissions by about US$1 million a year. Mr. Yoshihisa Kanuma, CEO of Minebea Mitsumi reported on these statistics during a meeting with Samdech Techo Hun Sen on 26 July 2022. Mr. Kanu...
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Cambodia Preparing Comprehensive Intermodal Transportation Master Plan for 2022-2030
- 26 July 2022
Cambodia is developing a comprehensive master plan for an intermodal transportation system to better develop Cambodia's transport sector for connectivity to countries in the region and the world. Compiled by the Supreme National Economic Council, the comprehensive master plan on intermodal transportation 2022-2030 was discussed at a meeting on 21 July in the presence of Senior Minister Sun Chan...
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Cambodia Attracts Almost US$3 billion in Investment Projects in H1 2022
- 25 July 2022
The Council for the Development of Cambodia has approved new investment projects and production expansion projects with a total investment of US$2,998 billion, an increase of 23.4% over the same period last year. According to the report of the Council for the Development of Cambodia, of all the new investment projects, domestic investments ranked first, accounting for more than 53% orUS$1,595 ...
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ERA Cambodia sets aim high for Condo market
- 25 July 2022
Key Takeaway Condo supply sets to hit nearly 80 000 units by 2025 The majority of condo buyers are Cambodians aged between 25 and 35 years old The bounce back of foreign direct investment will help boost condo demand in Cambodia ERA Cambodia aims high to capture a large market share, expanding its salespersons to 5 000 agents in the next five years. “More people now recognize the im...
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NBC: Construction & Real Estate Contribute to Cambodia’s Economic Growth in 2022
- 22 July 2022
The construction and real estate sectors are expected to contribute to Cambodia's economic growth in 2022, according to a senior official of the National Bank of Cambodia. HE Chea Chanto, Governor of the National Bank of Cambodia, said that Cambodia's economic growth is expected to reach around 5.3% in 2022. “Cambodia's economic growth is optimistic to continue to grow by about 5.3%, higher...
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