Property News Roundup May 22nd, 2023

22 May 2023 | Posted in News

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

  1. Dara Sakor Int’l Airport to re-delay, SR starts flight validation

Darasakor International Airport in Koh Kong province will be postponed again and will not be able to operate as planned.  Mao Keo Pich Chanmony, Director of Darasakor International Airport of the Secretariat of State for Civil Aviation, told Construction and Property Magazine on May 13, 2023, that the company had already applied for a postponement and to reconfirm and set the launch schedule next time.  However, the company promises to try to complete the remaining work in the near future.

May 15, 2023 | Construction Property | Link:

  1. Kingdom’s peppercorn authorized for import to CN

Cambodian pepper is the first of the Kingdom’s spices that has been granted formal approval to export directly to China. The achievement marks a significant accomplishment for the agricultural sector, with at least seven private companies already applying for export licenses for China. The Chinese embassy in Phnom Penh announced on May 12 that on the previous day, the Chinese General Administration of Customs (GAC) had issued a list of companies and facilities which had met its import standards.

May 15, 2023 | Phnom Penh Post | Link:

  1. PM proposes study on agricultural wholesale and retail markets to boost farmers’ opportunities

In a move to enhance market access for farmers and provide a platform for selling their agricultural produce, Samdech Hun Sen, the Prime Minister of Cambodia, has suggested conducting a comprehensive study on the establishment of wholesale and retail markets for agricultural products across the capitals and provinces. During the graduation ceremony of agricultural graduates held at the esteemed Koh Pich Convention and Exhibition Center on May 15, Samdech Hun Sen emphasized the significance of creating effective marketing mechanisms that support farmers in selling their crops promptly.

May 16, 2023 | Construction Property | Link:

  1. Agriculture remains important for food security and economic growth

Addressing at the graduation ceremony of over 3,000 students of the Royal University of Agriculture (RUA), Prek Leap National College of Agriculture (PNCA) and Kampong Cham National Institute of Agriculture (KCNIA) in Phnom Penh this morning, PM Hun Sen said that before the agricultural sector accounted for about 80 percent of GDP, but now drops to less than 30 percent, however it remains important to ensure food security.

May 16, 2023 | Khmer Times| Link:

  1. Angkor Wat’s 4 months of 2023 ticket sales surpass $14M

Angkor Wat, the crown jewel of Cambodia’s cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed Angkor Institute on 1 May 2023. This staggering revenue reflects a remarkable increase of 937.34% compared to the same period in 2022, underscoring the timeless allure and magnetism of Angkor Wat.

May 17, 2023 | Construction Property | Link:

  1. Mid-Oct’ launch confirmed for Siem Reap Int’l Airport

The formal launch of the Siem Reap-Angkor International Airport (SAI) is still scheduled for mid-October, following the “success” of last week’s flight validation, according to State Secretariat of Civil Aviation (SSCA) spokesman Sinn Chanserey Vutha on May 16. Chanserey Vutha told The Post that the technical team had given the green light to the airport’s CNS (communication, navigation, and surveillance) infrastructure and equipment after last week’s tests.

May 17, 2023 | Phnom Penh Post| Link:

  1. KH-TH Stueng Bat Int’l border checkpoint is 85% completed

The ambitious project to establish the Khmer-Thai Stueng Bat International Border Checkpoint and construct a vital road connection to National Road 5 is making significant strides towards completion. As of 14 May 2023, the construction progress stands at an impressive 85.05%, according to the joint site visit conducted by HE UENO Atsushi, Ambassador of Japan to Cambodia, HE Nou Vathan, Undersecretary of State at the Ministry of Public Works and Transport, and key stakeholders.

May 18, 2023 | Construction Property | Link:

  1. PP Hall implements city promotion project under AIMF’s assistance

In a significant stride towards improving the urban landscape and sanitation facilities, the Phnom Penh Municipal Administration is set to inaugurate the first toilet waste treatment plant, a remarkable project undertaken with the support of the International Association of Francophone Mayors (AIMF). Under the guidance of HE Khuong Sreng, Governor of Phnom Penh, and in a fruitful meeting held on 16 May, Ms. Arianna ARDESI, AIME Technical Advisor and Permanent Deputy Secretary in Charge of the Cooperation Program of Phnom Penh Capital Hall, discussed the project and its expected impact.

May 18, 2023 | Construction Property | Link:

  1. World Bank pegs Cambodia’s economic growth for 2023 at 5.5 percent

An expanding agricultural sector along with improved access to regional markets will accelerate the growth of the national economy to 5.5 percent in 2023, the World Bank made the forecast yesterday. This came as the UN Organisation launched the ‘Cambodia Economic Update 2023’ at Raffles Hotel Le Royal, Phnom Penh, in the presence of World Bank staff, top governmental officials, diplomats and dignitaries.

May 19, 2023 | Khmer Times | Link:

  1. ADB lauded for helping Cambodia recover its economy

Delivering a statement on behalf of the Cambodian governor of ADB, Pen Thirong, Undersecretary of State of the Ministry of Economy and Finance (MEF), said ADB had a total commitment to loans, grants, equity investments, guarantees and technical assistance reaching the amount of $20.5 billion, and an additional amount of $11.4 billion mobilised in co-financing.

May 19, 2023 | Khmer Times | Link:

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