Archive | News RSS feed for this section

Cambodia hopes to benefit from China’s Silk Road

Cambodia is hoping that China’s recently announced $40 billion New Silk Road initiative will boost the public infrastructure development of the Kingdom. Chinese President Xi Jinping announced the New Silk funding plan during talks with leaders from Tajikistan, Pakistan, Myanmar, Mongolia, Laos, Cambodia and Bangladesh. The initiative is aimed at improving the road, railway, air […]

Housing loans up 22 pct

Housing loans have increased 22 percent in the first nine months of the year to $127 million, from $104 million in the same period last year, according to Acleda Bank, the largest commercial bank in Cambodia. The increase was spurred by the increase in the number of branches, economic growth, more choices for homebuyers and […]

Demand for office supply up in Phnom Penh

The Cambodian capital of Phnom Penh has seen a surge in demand for office space due to increased investment in the country, property experts say. According to Kuy Vat, president and CEO of VTrust Group, demand for rental office space rose by 10 to 20 percent in the first 10 months of the year, attributing […]

Approved construction projects top $2bn

Over $2 billion worth of Cambodian construction projects have been approved to date this year, according to the Ministry of Land Management, Urban Planning and Construction. Permits for 1,478 construction projects amounting to $2.03 billion had been given in the first three quarter of the year, said construction department deputy general director Lao Tip. “Investment […]

Cambodia, China hold trade and investment conference

Cambodia and Chongqing city in the southwestern China have recently organized a conference on trade and investment, an event aimed at further improving bilateral ties and cooperation. About 20 Chinese company representatives from the Chinese city and about 80 Cambodian commerce officials and businessmen attended the half-day event. According to Sam Sereyrath, under-secretary of state […]