News
Sihanoukville property owners in limbo as unfinished high-rises litter the city
In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...
Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/
Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent
The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...
Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/
Firms seek to resume high rise construction in Sihanoukville
The Covid-19 pandemic brought high-rise building construction in Preah Sihanouk province to a halt when it began, resulting in several business disputes that four real estate companies are now working together to solve, according to provincial governor Kuch Chamroeun. ...
Voun Dara
https://www.phnompenhpost.com/national/firms-seek-resume-high-rise-construction-sihanoukville
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm
Koh Pich Awash With Development, but Don’t Ask for Details
Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cambodia Investment Corp., is also extending the island by ...
http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/
Timing of stats questioned
For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...
http://www.phnompenhpost.com/business/timing-stats-questioned
Building exhibition scheduled for Sept
The third edition of CAMBUILD, one of the country’s biggest international building and construction conferences, is scheduled for September 10-12 on Koh Pich. Three hundred participants are expected to exhibit at the event. ...
http://www.phnompenhpost.com/business/building-exhibition-scheduled-sept
Mystery Surrounds Ratanakkiri’s First Special Economic Zone
Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yadaw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...
Japanese Companies Host Employment Fair in Phnom Penh
Cambodian students, graduates and jobseekers filled the main hall of the Cambodia-Japan Cooperation Center on Tuesday looking for employment opportunities with some of Japan’s largest corporations. Organizers said the event aimed to bridge the gap between skilled Cambodian job seekers and companies from the world’s third ...
http://www.cambodiadaily.com/business/japanese-companies-host-employment-fair-in-phnom-penh-35242/
Some 1,368 new firms registered in Cambodia in H1, down 19%
The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...
http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm
Despite Land Loss, Minorities Back Status Quo
Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...
http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/
Rice husk to power agriculture
Cambodia-based SOMA Energy will construct two bio-mass power-generating plants that convert rice husks into electricity to supply Cambodian farmers working in the provinces. SOMA energy, a subsidiary of SOMA group, has invested nearly $3 million in the construction of the plants, one of which is located ...
http://www.phnompenhpost.com/business/rice-husk-power-agriculture
Government’s Limits on Information Leaving Voters in the Dark
Reporters in Cambodia seeking statistics from government ministries and departments are used to being given the brush-off from time to time, but in the run-up to the July 28 national election, things appear to have worsened. The Council for the Development of Cambodia (CDC) has for ...
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm
Cash for Siem Reap Market Repair to Come From National Budget
A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...
Kirilo Hydro station goes online
The Kirilo No.3 Hydro-power Station, located in the KOH Kong Province of Cambodia, was recently put into operation. The ribbon cutting ceremony of the Project was held on February 23, 2013 in the power station area. The Project was investigated and designed by HYDROCHINA Mid-South ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YmJiM2Y0ZTAwZWQ
ASICS Compensates Killed Workers’ Families
Japanese sports brand ASICS has agreed to pay compensation to the families of victims who died in a factory collapse in May, a brand representative said. ASICS Corporation managing executive officer Ron Pietersen, who arrived in Phnom Penh on Friday, said the company profoundly regretted the ...
http://www.cambodiadaily.com/news/asics-compensates-killed-workers-families-33793/
Private side can spark investment
The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country. Speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed ...
http://www.phnompenhpost.com/2013070566681/Business/private-side-can-spark-investment.html
International Donors Call for Redesign of Sesan 2 Hydro Dam
International donors, including the U.S., Australia, the European Union and the World Bank, have urged the Cambodian government to redesign a massive hydropower project in Stung Treng province that environmentalists say will deplete fisheries and submit it to the Mekong River Commission (MRC) for consultation. In ...
http://www.cambodiadaily.com/news/international-donors-call-for-redesign-of-sesan-2-hydro-dam-33311/
Villagers Say Homes Being Purposely Flooded
More than 120 families in Phnom Penh’s Dangkao district sent a letter on Monday to the district governor asking for his help in addressing the flooding problem that has seen some of their homes collapse and has forced many to seek temporary accommodation elsewhere, villagers ...
http://www.cambodiadaily.com/news/villagers-say-homes-being-purposely-flooded-33317/
Pailin gets $4m feed processing warehouse
Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...
http://www.phnompenhpost.com/2013070366629/Business/pailin-gets-4m-feed-processing-warehouse.html
Preah Vihear visits on the up
As tensions subside between Thailand and Cambodia over the 11th-century Preah Vihear temple, site officials are welcoming a steady increase of international tourists. At 5,240, foreign visits are up 56 per cent in the first six months of the year, compared to the same period ...
http://www.phnompenhpost.com/2013070366630/Business/preah-vihear-visits-on-the-up.html
Sihanoukville to be the site of first marina
Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah Sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ...
‘Master Plan’ Drawn for Phnom Penh Public Transport System
The Japan International Cooperation Agency (JICA) met with Phnom Penh municipal authorities last month to present the first stage of a “master plan” for the construction of a much-needed public transport system for the capital. Masato Koto, chief of mission for JICA’s transportation planning group in ...
http://www.cambodiadaily.com/news/master-plan-drawn-for-phnom-penh-public-transport-system-32712/