News
Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...
Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers
SME Bank loans top $432M, help at least 3,260 businesses
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...
May Kunmakara
https://www.phnompenhpost.com/business/sme-bank-loans-top-432m-help-least-3260-businesses
Cambodia may start building high speed rail as early as 2023
Construction on high-speed rails in the Kingdom could begin as soon as next year, with studies well underway on the conversion of existing railway and the creation of two new lines – one of which runs to the Vietnamese border – to optimally boost rail ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-may-start-building-high-speed-rail-early-2023
Hun Sen instructs ministries and authorities to complete land registration for citizens by 2023
Prime Minister Hun Sen instructs relevant ministries and authorities to accelerate land registration for citizens to solve land issues and implement the task of clearing land in the Tonle Sap Lake area for the people to be ready by 2023. ...
Pich Sotheary and Khan Leakhena
https://www.vodkhmer.news/2022/12/28/hun-sen-instructs-authorities-to-complete-land-registration-for-citizens-by-2023/
2022 under review
Cambodia bid farewell to 2022 with fireworks and parties, bringing an end to a year of several tragedies that have killed dozens of people. ...
Prak Chan Thul
https://kiripost.com/stories/cambodia-2022-under-review
460 families adjacent to new airport ask authorities for land title over fear of forced evictions
About 460 families living in Ndok commune, Kandal Stung district and Kampong Samnang commune, Takhmao city, which is adjacent to the airport under construction, requested Kandal provincial governor gives them land title as they fear forced evictions after airport staff and local authorities went to ...
meng-kroypunlok
https://www.vodkhmer.news/2022/12/27/460-families-adjacent-to-new-airport-ask-authorities-for-land-title/
Cambodia-China trade reaches $14.5b
Cambodia-China trade volume hit $14.5 billion, up 19 percent from the previous year, Prime Minister Hun Sen said. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-china-trade-reaches-145b
Community zones, land titles planned inside protected areas
The government will take nearly 1 million hectares out of protected areas across the country to create “community zones” with land titles, but the exact locations of these areas — and who will get titled land — are still unclear. ...
Danielle Keeton-Olsen
https://vodenglish.news/community-zones-land-titles-planned-inside-protected-areas/
2022 marks another fruitful year of Cambodia-China cooperation
The year of 2022 marked another fruitful year of pragmatic cooperation between Cambodia and China as the two countries have enjoyed bigger trade and investment volumes, officials and academics said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212286/2022-marks-another-fruitful-year-of-cambodia-china-cooperation/
Ten new projects to create more than 8,000 jobs: CDC
The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...
May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc
Over 20,000 businesses featured on Single Portal
A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/over-20000-businesses-featured-single-portal
Acquisition of islands: Cambodian officials buy almost exclusive beaches in some islands in Koh Kong province
Rich in corals, sea creatures, and palm trees, Koh Sdach, located on the west and southwest coast of Cambodia, has long attracted tourists and investors with its beautiful white sand beaches. ...
Gerald Flynn, Andy Ball, and Vutha Srey
https://khmer.cambojanews.com/island-shopping-cambodian-officials-buy-up-the-cardamoms-coast/
First export of ‘pra’ fish to China seen January at earliest
The inaugural export of Cambodian iridescent shark catfish to China has again been delayed, and is now expected to take place as soon as next month, as the only authorised exporter takes care of some final formalities, according to Ministry of Agriculture, Forestry and Fisheries ...
Bor Pich Zelin
https://www.phnompenhpost.com/business/first-export-pra-fish-china-seen-january-earliest
New Year sees over two million tourists nationwide
With the country having controlled the spread of Covid-19, Cambodians and foreigners were able to celebrate the New Year and more than two million tourists were recorded in two days. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212322/new-year-sees-over-two-million-tourists-nationwide/
Families seek clarity after displacement rumors related to the Kandal Stung mega-airport project
Some 200 villagers living in Kandal province’s Kandal Stung district and Takhmao town gathered at Kandal City Hall on Tuesday demanding to know whether they would be joining the hundreds of others who are being displaced by the new Phnom Penh International Airport. ...
Shipping link with three nations all set
CMA CGM Group, the third largest container shipping company worldwide and number one in France, is slated to launch the Yangon Cambodia Express (YCX), creating a direct link between Myanmar, Cambodia, Singapore and Malaysia, and industry insiders are hailing the service as a promising new ...
May Kunmakara
https://www.phnompenhpost.com/business/shipping-link-three-nations-all-set
In protected Prey Lang forest, communities pushed out but mining companies welcomed in
Kampong Thom’s Sandan district: Snang An village chief Sok Heng proudly displays a photo of his new home, constructed in July 2021, as his phone’s background image. But Late Cheng Mining Development, a gold mining firm with ties to Prime Minister Hun Sen’s bodyguard unit, ...
Khuon Narim and Jack Brook
https://cambojanews.com/in-protected-prey-lang-forest-communities-pushed-out-but-mining-companies-welcomed-in/
Prahok fish season bountiful
Minister of Agriculture, Forestry and Fisheries Dith Tina expressed his admiration for this year’s fishing season haul, which has seen fishermen catching up to three tonnes of fish in less than an hour, something he credits to the government’s efforts at preventing illegal fishing and ...
Orm Bunthoeurn and Lay Samean
https://www.phnompenhpost.com/business/prahok-fish-season-bountiful
Cambodia-China bilateral trade volume surged 19%, says PM
Trade volume between Cambodia and China reached $14.5 billion this year, an increase of 19 percent compared to last year, said Prime Minister Hun Sen today. ...
Sok Sithika
https://www.khmertimeskh.com/501211511/cambodia-china-bilateral-trade-volume-surged-19-says-pm/
Cambodia says RCEP all about win-win cooperation, not zero-sum game
The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501211518/cambodia-says-rcep-all-about-win-win-cooperation-not-zero-sum-game/
Cambodia sees new policy framework, ADB loan & BFC extension in 2022
Implementation of the National Policy Framework for Cambodia’s Economic Productivity 2022-35, a pact with Japan to make Sihanoukville a major port, a $50-million loan from the Asian Development Bank to back economic diversification and boost competitiveness, and extension of the Better Factories Cambodia (BFC) programme ...
Khmer Times Staff
https://www.khmertimeskh.com/501211700/cambodia-sees-new-policy-framework-adb-loan-bfc-extension-in-2022/
Cambodia faces drought in 2023
Authorities have sent out a warning that 2023’s dry season will bring droughts countrywide, with residents urged to use water sparingly. ...
Meas Molika
https://kiripost.com/stories/cambodia-faces-drought-in-2023
Microfinance sector grows at 20% by end of 2022
Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...
Sok Sithika
https://www.khmertimeskh.com/501209879/microfinance-sector-grows-at-20-by-end-of-2022/
NEC to set election date for new districts
The National Election Committee (NEC) is preparing to set the date for the election of councillors of the new five districts created by the government through a sub-decree. ...
Soth Koemsoeun
https://www.khmertimeskh.com/501209678/nec-to-set-election-date-for-new-districts/