Property News Roundup, September 13th, 2021

13 September 2021 | Posted in News
Property News Roundup September 13, 2021

We’re delighted to share the week’s highlights below.

 

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

  1. International air visitor arrivals dip 93%

The number of foreign tourists entering Cambodia through the Kingdom’s three international airports witnessed a sharp 92.5 per cent year-on-year decline in the first seven months of this year, according to the Ministry of Tourism.

September 6th, 2021 | Phnom Penh Post | https://bit.ly/2WTtKpq   

  1. FTA with S.Korea may be signed next month

“I expect we will sign the agreement later this year, around October. After that I expect we will have more trade between our countries,” said South Korean Ambassador Park Heung-Kyeong at an event in Phnom Penh on Friday.

September 6th, 2021 | Khmer Times | https://bit.ly/3thMX04  

  1. PP becomes the ‘world’s most vaccinated capital city’

Phnom Penh, home to about 2 million, is now also the most vaccinated capital city in the world on a per capita basis, according to Mekong Strategic Partners, a Cambodia-based investment advisory firm that has released a report on the South-East Asian nation’s vaccination program.

September 7th, 2021 | The Sydney Morning Herald | https://bit.ly/393tffv

  1. KH & EAEU discuss potential FTA

The Ministry of Commerce and the Eurasian Economic Commission (EEC) kicked off the 3rd Joint Working Group Meeting on September 7 to pave the way for formal negotiations on a bilateral free trade agreement (FTA) between Cambodia and the Eurasian Economic Union (EAEU).

September 7th, 2021 | Phnom Penh Post | https://bit.ly/2WXX91U

  1. Two new roads to be built from NR6A to Win-Win Blvd

The Phnom Penh Municipal Administration will build two new roads connecting NR6A to the Win-Win Boulevard, which will be used as the main travel routes to and from the newly built Morodok Techo stadium during the 2023 SEA Games.

September 7th, 2021 | Construction Property | https://bit.ly/3l9lWZk 

6. Chip Mong Mega Mall 271 to complete by 2022  

Chip Mong Mega Mall 271, a large-scale shopping mall along Street 271 in Phnom Penh, is being built in accordance with international standards to provide strong construction quality, high safety and convenience to business partners and customers, according to Chip Mong Retail President Arnaud Dufresne.

September 7th, 2021 | Construction Property | https://bit.ly/2VmyAen  

7. SHV deep seaport construction delays to 2022     

The construction of the first phase of deep-water port terminal of listed Sihanoukville Autonomous Port (PAS) has been delayed till next year and is set to complete by 2025. The deep port terminal of 350 metre long can handle container vessels of 13 metre deep, and medium-sized vessels with a capacity of 5,000 TEUs.

September 7th, 2021 | Khmer Times | https://bit.ly/3n5fwNn  

  1. New borey launched on NR6A

Borey Golden Park officially opened a new sales office today in the Chroy Changvar area for the ease customers to visit the actual site of The Natural project. The new sales office is located along NR6 just 3 minutes from Ly Yong Phat Road and 12 minutes from the Chroy Changvar Bridge.

September 8th, 2021 | Construction Property | https://bit.ly/38YePNj

  1. Labor unions proposed $214 minimum wage

An opening meeting was held ahead of negotiations next week between the Garment Manufacturers Association of Cambodia (GMAC) and trade unions regarding minimum wage for workers. Workers currently earn $192 per month. Unions are seeking an increase to $214.20, according to Cambodian Trade Unions Coalitions President Far Saly

September 8th, 2021 | Khmer Times | https://bit.ly/3E01eUm

  1. The National Assembly approves new investment draft laws

The National Assembly (NA) has approved three draft laws focusing on boosting economic growth and trade in both national and international frameworks. The three draft laws include the new Investment Law, the Law on Regional Cooperation Economic Partnership Agreement, and the Law on Cambodia-China Bilateral Free Trade Agreement.

September 9th, 2021 | Construction Property | https://bit.ly/3yYfOIe