Property News Roundup June 01st, 2021
We’re delighted to share the weekly news highlights below.
- SECs ready for use
Six safety evacuation centers (SECs) have been handed over to local communities in Kampong Chhnang, Kampong Thom and Pursat provinces ahead of the rainy season peak, the SECs have been built in preparation to protect communities at risk of floods and other natural disasters. The shelters have a capacity for 2,000-3,000 people.
May 24th, 2021 | Phnom Penh Post | Link: https://bit.ly/3uzRhHg
- Up to six million in Cambodia to be vaccinated against Covid-19 by end 2021
Prime Minister Hun Sen announced 5m-6m will be vaccinated by the end of this year. Cambodia is set to vaccinate around 62% of the total population against COVID-19 by H1 2022.
May 30th 2021 | Khmer Times | Link: https://bit.ly/3fQnyo0
- New Phnom Penh International Airport 40% complete
The construction of the $1.5 billion new Phnom Penh Airport was 40% complete as of May. Construction has proceeded as planned despite COVID19.
May 25th 2021 | Khmer Times | Link: https://bit.ly/3wPIJO1
- Urbanland: Chankiri Palm Creek Project breaks new ground
Award-winning local real estate developer, Urbanland, recently held a groundbreaking ceremony for its latest Borey project, Chankiri Palm Creek.
May 25th 2021 | Khmer Times | Link: https://bit.ly/3p1Gqog
- Phnom Penh Airport accelerates green operation
New systems supplying power and air conditioning to aircraft have been installed to replace fossil fuelled equipment and cut further CO2 and noise pollution.
May 26th 2021 | Construction Property | https://bit.ly/2SEYicy
- Asia-Pacific credit risk ‘elevated’: Moody’s
Moody’s Investors Service reported credit stress levels in emerging markets (EM) in Asia-Pacific, including Cambodia, remain high.
May 27th 2021 | Khmer Times | https://bit.ly/3p5zA0W
- Environment Ministry Pledges to Enhance Groundwater Infrastructure System
The Ministry of Environment has been committed to continuing to improving the management of groundwater infrastructure systems, especially the cross-border one in the Mekong Delta between Vietnam and Cambodia.
May 28th 2021| Construction Property | https://bit.ly/3fTGeTQ
- Draft Laws on SMEs done
The draft law on Small to Medium Enterprises (SMEs) is the latest government initiative to support and nurture SME growth that could potentially expand the Kingdom’s industrial base.
May 28th 2021| Phnom Penh Post | https://bit.ly/3yrgNBn
- Inter-ministerial prakas sets fines for business violations
Businesses found in violation of a list of business and e-commerce laws, and other commercial regulations could be landed with a fine of between 200,000 and 10 million riel ($50 and $2,500).
May 28th 2021| Phnom Penh Post | https://bit.ly/3fANLrO
- Koh Kong: 39km beachfront road 70% completed
A 39km beachfront road, connecting Tuol Ta Chap village of Mondul Seima district to Kiri Sakor district and Khemara Phoumin city, is 70% completed.
May 28th 2021| Construction Property | https://bit.ly/3wFSdeq