Property News Roundup April 04th, 2022

04 April 2022 | Posted in News

We’re delighted to share the weekly news highlights below.

  1. NR5 Prek Kdam – Battambang Section 63% Complete, Set to Open for Traffic in 2023

HE Sun Chanthol said that “The road section between Prek Kdam and Battambang is now about 63% complete, and we expect to see the full completion next year.”

March 25, 2022 | Construction Property | Link:

  1. Cambodia among ASEAN countries eyeing digital currencies

South Asian countries such as Cambodia and Singapore are exploring the launch of central bank digital currencies (CBDCs) to enhance payment efficiency and to encourage start-ups and e-commerce in the region.

March 26, 2022 | Khmer Times | Link:

  1. Chamber of Commerce Discusses Challenges & New Opportunities in Construction Sector

The objective of the meeting was to gather inputs on challenges, concerns, new request from the private sector before compiling them and submitting them to Ministry of Land Management, Urban Planning and Construction for cooperation and remedies.

March 25, 2022 | Construction Property | Link:

  1. Sathapana Bank adds Visa B2B connect to overseas funds transfer service

Fung Kai Jin, Chief Executive Officer at Sathapana Bank said that “With Visa B2B Connect, Sathapana’s business banking customers can benefit from the convenience of making fast and secure cross-border commercial payments through our extensive network of branches.”

March 26, 2022 | Khmer Times | Link:

  1. Battambang Airport to be Developed to 4C Capacity; Currently at Impact Resettlement Stage

Battambang Airport will be rehabilitated and developed into 4C capacity that can accommodate both domestic and international flights, while the feasibility study and impact resettlement works are still going on.

March, 28 2022 | Construction Property | Link:

  1. Japanese-Standard Clean Water Supply System in Pursat Officially Operational

The inauguration ceremony was held on 25 March 2022, presided over by Pursat Provincial Governor HE Cheav Tay and Secretary of the Embassy of Japan in Cambodia.

March 28, 2022 | Construction Property | Link:

  1. $3.2 billion worth Malaysia investment projects registered in Cambodia

The Council for the Development of Cambodia (CDC) registered a total 162 Malaysian investment projects worth $3.2 billion as of February 2022, as more Malaysian investors have sought an understanding of the investment opportunities in the Kingdom.

March 29, 2022 | Khmer Times | Link:

  1. Opening of Dara Sakor Airport in Koh Kong Postponed to Mid-2022

Due to the hard impact of Covid1-19, the operation date of the Dara Sakor International Airport in Koh Kong province has been postponed until mid-2022, according to the State Secretariat of Civil Aviation (SSCA).

March 29, 2022 | Construction Property | Link:

  1. South Korea to help build another US$16-million hospital building in Cambodia

The South Korean government, through the Korean International Cooperation Agency (KOICA), plans to build a new five-storey treatment building worth US$16 million in the National Pediatric Hospital to provide medical service to Cambodian Children.

March 30, 2022 | Construction Property | Link:

  1. Cambodia Mulls Adopting EU Construction Standards

The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) is considering adopting Eurocodes into the Cambodian national building codes, to raise the construction sector to another standard level.

March 29, 2022 | Construction Property | Link:

  1. Phillip Bank, Massive Distributions in Loyalty Program Deal

Phillip Bank PLC and Massive Distributions Co., Ltd. on Monday signed a Memorandum of Understanding to launch a Loyalty Program for Phillip Bank customers and expand its digital footprint on KHQR payments acceptance across Cambodia.

March 30, 2022 | Khmer Times | Link:

  1. Cambodia extracts over 2.2 tons of gold as of March

Renaissance Mineral Limited (Cambodia) has extracted 2,275 kilograms of gold ore in nine months since the start of operation in June last year in Mondulkiri.

March 31, 2022 | Construction Property | Link:

  1. What are the prohibited activities for property located adjacent to public infrastructure?

Having a building or real estates adjacent national road or major public infrastructure projects comes with high economics potential. However, it also comes with responsibility which the owners must follow according to the law.

March 31, 2022 | Construction Property | Link:

  1. 3rd Lancing-Mekong business forum held in Cambodia

The third Lancing-Mekong Business Forum was held in Cambodia capital of Phnom Penh on Wednesday, aimed at exploring business opportunities among the six Lancing-Mekong Cooperation (LMC) countries.

March 31, 2022 | KHMER TIMES | Link:

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