Property News Roundup August 16th, 2021
We’re delighted to share the weekly news highlights below.
- Smart bus terminals project under feasibility study
Phnom Penh City Hall has signed an agreement with Japan to begin the feasibility study for a smart bus terminal project in Phnom Penh.
Aug 09th, 2021 | Construction Property | Link: https://bit.ly/2U5t27y
- Supermarkets report higher sales but little panic buying
Sales rose at the Kingdom’s biggest supermarket chain as a 14-day curfew encouraged shoppers to stock up on essentials.
Aug 09th, 2021 | Khmer Times | Link: https://bit.ly/3iyWPz0
- KH-US trade surges 33% in 6 months
Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year.
Aug 09th, 2021 | Khmer Times | Link: https://bit.ly/2U0Qjr6
- PhilCham hosts workshop for 5 Filipino franchise brands to enter KH market
Five well-known Filipino franchisors have participated in a virtual business to business (B2B) workshop yesterday after identifying Cambodia as a potential next market destination.
Aug 10th, 2021 | Cambodia Investment Review | Link: https://bit.ly/3AsgOFr
- Gov’t doubles the budget for pandemic intervention spending
Cambodia’s government has adjusted its budget for Covid-19 pandemic intervention by double, as it continues on its ambitious goal to hit vaccination targets.
Aug 10th, 2021 | Khmer Times | https://bit.ly/2U9aXFI
- SSEZ handles $1.2bn in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.185 billion in the first seven months of 2021, an increase of 44.51 per cent year-on-year, the operator reported.
Aug 11th, 2021 | Phnom Penh Post | https://bit.ly/3CMyuxI
- SME goods eyed for Amazon.com listing
The Cambodian business community is eager to work with small- and medium-sized enterprises (SME) across the country to list a curated selection of high-quality offerings on Amazon.com, the well-known US e-commerce platform.
Aug 12th, 2021 | Phnom Penh Post | https://bit.ly/37xPglG
- PPAP: Port business remains afloat
The locally-listed Phnom Penh Autonomous Port (PPAP) on August 9 posted a recovery in business performance over the first seven months of this year as the Kingdom leverages its relatively brisk coronavirus vaccine rollout to ease out of the Covid stranglehold.
Aug 12th, 2021 | Phnom Penh Post | https://bit.ly/37B4IxC
- IMF to provide $240mn non-repayable fund to KH
The International Monetary Fund (IMF) has approved a non-repayable US$240 million fund for Cambodia to cope with the impact of COVID-19 and restore its economy, according to a press release from Oxfam.
Aug 13th, 2021 | Construction Property | https://bit.ly/2Uhb7ee
- The National Assembly committee has passed the draft bill of the new Investment Law
The National Assembly committee has passed the draft bill of the new Investment Law, with that come hopes for it to contribute to and enhance the Kingdom’s investment environment to benefit the nation.
Aug 13th, 2021 | Khmer Times | https://bit.ly/3xSChWF