Property News Roundup September 11th, 2023

11 September 2023 | Posted in News

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

  1. Global latex prices impact exports in first 7 mo of ‘23

Declining global latex prices impacted Cambodia’s latex and rubber wood export revenue in the first seven months of 2023, resulting in a 10.9 per cent drop in value to $230 million from $257 million in the corresponding period last year.

03 September 2023 | The Phnom Penh Post | Link: http://tinyurl.com/5n87wuex

  1. Korea’s Expertise Fuels Cambodia’s Ambitions: Development of Maritime Aid Master Plan in Full Swing

A distinguished team of experts from the Korea Maritime Aid Institute is lending their support to Cambodia in crafting a comprehensive master plan for Maritime Aid within the Kingdom of Cambodia. This milestone endeavor took center stage during a strategic meeting convened on the morning of August 28, 2023.

01 September 2023 | Construction & Property | Link: http://tinyurl.com/yckuyt44

  1. Angkor Park sees growth in foreign ticket sales of $23M from Jan-Aug

According to Angkor Enterprise, 498,513 foreign tourists visited the park, which is an increase of 350.9 per cent from the same period in 2022, pushing up ticket revenue by 420 per cent year-on-year to $23.1 million.

04 September 2023 | The Phnom Penh Post | Link: http://tinyurl.com/yc6mbd8x

  1. Cambodia-Korea Partnership Transforms Run Ta Ek and Pak Sneng Villages into Unique Khmer-Contemporary City

AGENT21 GLOBAL, in collaboration with a prominent Korean corporation, is embarking on a transformative journey to evolve Run Ta Ek Natural Village and Pak Sneng Village into a city that seamlessly blends Khmer heritage with contemporary living.

04 September 2023 | The Phnom Penh Post | Link: http://tinyurl.com/3acx56uf

  1. The Gov’t decided to renovate and establish 33 national parks and protected areas expanding to over 2million hectares

The Government of Cambodia has embarked on an ambitious endeavor to renovate and establish 33 national parks and protected areas, encompassing an expansive total of 2,574,476.41 hectares. This monumental decision underscores the nation’s commitment to safeguarding its natural and cultural heritage.

03 September 2023 | Construction & Property | Link: http://tinyurl.com/577c2mct

  1. Qatar Airways to resume flights on October 29

Qatar Airways will resume the Doha-Phnom Penh flights on October 29, connecting Cambodia to one of the busiest air traffic hubs of the world.

05 September 2023 | Khmer Times | Link: http://tinyurl.com/er4hhn2x

  1. In Pictures: New Phnom Penh Airport more than 50% complete

The Ministry of Land Management and Urban Planning says that the new Takhmao Techo Airport – which will replace Phnom Penh International Airport – is now more than 50% complete.

04 September 2023 | Khmer Times | Link: http://tinyurl.com/239dfth9

  1. China to set up more than 50 agricultural factories in Kampong Speu

A groundbreaking economic partnership is on the horizon for Cambodia’s Kampong Speu province, as Chinese investors hailing from Henan Province pledge to establish more than 50 agricultural enterprises. This ambitious initiative is set to focus on cattle and pig farming, as well as beef and pork processing, and was unveiled via a post on the official Facebook page of HE Vy Samnang, Governor of Kampong Speu Province on September 4, 2023.

05 September 2023 | Construction & Property | Link: https://tinyurl.com/jazx5zjt

  1. Indonesia planning increased rice order

Indonesia plans to increase import of rice to 250,000 tonnes a year from Cambodia to preserve its food security, and in turn support the Kingdom’s food security infrastructure by supplying fertiliser and providing training to agriculture workers.

05 September 2023 | The Phnom Penh Post | Link: https://tinyurl.com/z3w69sse

  1. Cambodia-Canada trade falls 25% Jan-July due to global slowdown: GDCE

The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last year.

04 September 2023 | The Phnom Penh Post | Link: https://tinyurl.com/yck8v4k9

  1. Siem Reap’s smart city vision, funds allocated

Economists have praised Siem Reap’s goal of becoming a smart city, which will harness technological and digital solutions to enhance the lives of both residents and visitors.

06 September 2023 | The Phnom Penh Post | Link: https://tinyurl.com/5ephz927

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