Property News Roundup September 12th, 2022

12 September 2022 | Posted in News

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

  1. Cambodia, Thailand agrees on 2023-25 tourism recovery plan

Cambodia and Thailand are joining hands to push for tourism recovery post-pandemic through the implementation of joint action plan, a senior official said. To realize the goal, a meeting on bilateral tourism cooperation was organized on September 2, the sixth of its kind.

September 5, 2022 | Phnom Penh Post | Link:

  1. China, EU remain potential markets for Cambodia’s agriculture products

China and the European markets remain the potential markets for Cambodia’s agricultural products, said key insiders, urging exporters and companies to focus on those two big markets for their processing of agricultural products.

September 6, 2022 | Khmer Times | Link:

  1. Gov’t inks 18 projects worth $763 million in H1

The Ministry of Economy and Finance (MEF) has entered into agreements for the implementation of 18 public expenditure projects worth $763 million under grant aids nd concession loans in the first half of this year, according to a report released by MEF.

September 6, 2022 | Khmer Times | Link:

  1. Cambodia gets $3.3B in foreign investment

Cambodia received almost $3.3 billion for 123 foreign investment projects from January to August this year, according to data by the Council for the Development of Cambodia (CDC). The projects were for the manufacturing of garments, footwear, tires, wiring products, plastics, bags and travel materials, besides fruit processing and automobile assembly.

September 7, 2022 | Khmer Times | Link:

  1. Kampong Spue Stadium Officially Inaugurated

Kampong Speu Provincial Stadium was officially inaugurated on 6 September under the presidency of the Deputy Prime Minister and the Minister of Land Management, Urban Planning and Construction HE Chea Sophara.

September 7, 2022 | Construction Property | Link:

  1. $300M maiden sovereign-bond issue set to begin on Sept 7

The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion-riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national development.

September 7, 2022 | Phnom Penh Post| Link:

  1. Royal Railway gets green light from CSX for bond listing

Royal Group’s monopoly subsidiary Royal Railway Plc yesterday got approval in principle from Cambodia Securities Exchange (CSX) on bond listing eligibility review before having to submit applications to the Securities and Exchange Regulator of Cambodia (SERC), according to a CSX official in charge of market operations.

September 8, 2022 | Khmer Times | Link:

  1. PP-SHV expressway 96 done; pilot launch date announced soon

The Phnom Penh-Sihanoukville Expressway is currently 96.6 per cent complete, with the start date of the pilot launch to be announced this month, according to Ministry of Public Works and Transport spokesman Heang Sotheayut.

September 8, 2022 | Phnom Penh Post | Link:

  1. Nearly 1 million foreign tourists visited KH in Jan-Aug

The Kingdom has seen a significant rise in the number of international tourists in the January-August period of 2022, reflecting the industry recovery thanks to the government resuming the border to vaccinated tourists.

September 9, 2022 | Khmer Times | Link:

  1. CDC okays with Toyota’s $36.7M assembly plant in PP

Toyota Tsusho Manufacturing (Cambodia) Co Ltd will build an assembly plant worth $36.7 million in Phnom Penh, a statement released by Council for the Development of Cambodia (CDC) said. Cambodian Special Economic Zone Board (CSEZB) of the CDC has approved the registration of the investment project to this effect yesterday.

September 9, 2022 | Khmer Times | Link:

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