Property News Roundup April 17th, 2023
We’re delighted to share the weekly news highlights below.
- New road connecting Monivong Bokor National Park to NR4 completed 100%
A new road connecting Monivong Bokor National Park to National Road No. 4 has been completed 100% as of 9 April 2023. According to the direct inspection of the construction site by Duke Dr. Sok Kong on 1 April 2023, the road with a total length of 61 km is expected to open soon.
April 10, 2023 | Construction Property | Link: http://bit.ly/3A2NS97
- Gov’t takes serious action to resolve stagnant projects in SHV
The Cambodian government has unveiled a comprehensive package of measures aimed at restoring investor confidence and stimulating market demand for resolving stagnant investment projects in Sihanoukville.
April 10, 2023 | Construction Property | Link: http://bit.ly/3GyGFkz
- Chinese mining company to launch gold production in Mondulkiri
Rong Cheng Industrial Investment Co., Ltd., a Chinese-based company, is set to commence gold exploration and refining in Mondulkiri province after completing its production infrastructure.
April 10, 2023 | Construction Property | Link: http://bit.ly/3zHVw8m
- KH imports iron and steel worth $93M in the first quarter
Cambodia’s imports of iron and steel amounted to US$93 million in the first quarter of 2023, up 11% from the same period last year.
April 11, 2023 | Construction Property | Link: http://bit.ly/3GyeVfX
- CDC, Cambodian Oknha Association to promote trade, investment
The Council for the Development of Cambodia (CDC) and the Cambodian Oknha Association (COA) agreed to work together in partnership to promote domestic investment and attract foreign investors to Cambodia.
April 11, 2023 | Khmer Times | Link: http://bit.ly/3KMaZKX
- KH’s imports of oil, gas, coal surge 7.8% in Q1
Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday.
April 12, 2023 | Khmer Times | Link: http://bit.ly/3o7dJtF
- KH’s international trade declined by 14.5% in Q1 to $11.25B
Cambodia recorded $11.25 billion in its international trade during the first quarter (Q1) of 2023, down 14.5 percent from $13.16 billion over the same period last year, said an official report released Monday.
April 12, 2023 | Khmer Times | Link: http://bit.ly/3mrTLJz
- Cambodia operates 494 flights a week
Cambodia received and operated 494 flights per week at its three airports in the first three months of this year, according to the preliminary data from the State Secretariat of Civil Aviation (SSCA)—Cambodia’s regulatory and development agency for civil aviation activity and infrastructure.
April 13, 2023 | Khmer Times | Link: http://bit.ly/402RodW
- KH’s dollarisation peaks among neighbouring countries
Cambodia became Asia’s most dollarised economy, while dollarisation in neighbouring Lao P.D.R., Mongolia and Vietnam was either declining or broadly stable, a report by the International Monetary Fund (IMF) said a decade ago. Ten years later the grim reading remained unchanged compared to other economies in the region.
April 13, 2023 | Khmer Times | Link: http://bit.ly/3Uucqks
- KH’s tallest bridge to be ready by May 2025
The Royal Government of Cambodia has allocated nearly $23 million to build a bridge across the Russei Chrum River, located in Chhay Lok village, O’Som commune, Veal Veng district, Pursat province, considered to become the tallest bridge in the Kingdom.
April 13, 2023 | Khmer Times | Link: https://bit.ly/43nQKdZ