Weekly Property News Round-up, October 25th, 2021
Property News Roundup October 22nd, 2021
We’re delighted to share the weekly news highlights below.
- Cambodia unveils new quarantine regulations
The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors, and inbound travelers in general.
Oct 18th, 2021 | Phnom Penh Post | Link: https://bit.ly/3pfT598
- Siem Reap prepares to welcome back tourists
After struggling through the horrible experiences of the Covid-19 pandemic, Siem Reap has shifted its focus to making sure that the province is ready to welcome tourists. Siem Reap city governor Noun Putheara told Khmer Times yesterday that the administration will boost the construction of the 38-road project to be finished before the end of this year as planned.
Oct 18th, 2021 | Khmer Times | Link: https://bit.ly/2XmM3Eb
- S’ville set to turn into ‘second Shenzhen’
The Ministry of Economy and Finance has awarded a master plan consultancy contract to top Chinese institute for the development and transformation of Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone”, Southeast Asia’s next logistics, resort hub and innovation centre.
Oct 19th, 2021 | Phnom Penh Post | Link: https://bit.ly/3DRbZau
- ADB Provides US$40-million Loan to Support SMEs & Financial Stability in Cambodia
The Asian Development Bank (ADB) has decided to provide US$40 million in loans to help stabilise Cambodia’s financial sector, especially for SMEs affected by the COVID-19 pandemic. According to an ADB press release on 18 October, the loan will help small and medium-sized enterprises (SMEs) to recover from the pandemic by insuring them with the right amount of loans.
Oct 19th, 2021 | Construction Property | Link: https://bit.ly/3DU6bNr
- Hun Sen: Cambodia set to fully reopen
Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to the nation early on October 19, he said the number of new transmission cases and death toll have been stable and even less than before the holiday.
Oct 20th, 2021 | Phnom Penh Post | Link: https://bit.ly/2Z2ZSsk
- 124 New Industrial Projects Registered During First Three Quarters of 2021
The Ministry of Industry, Science, Technology, and Innovation registered a total of 124 new industrial projects during the first three quarters of 2021, reflecting strong private sector confidence in Cambodia’s economy despite the ongoing pandemic.
Oct 20th, 2021 | Construction Property | Link: https://bit.ly/3BZjfRa
- South Korea FTA set to be signed Oct 26
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official.
Oct 21st, 2021 | Phnom Penh | Link: https://bit.ly/2XAcG8B
- Mekong travel bubble may help the region to reopen to tourists
Plans to reopen Cambodia, Vietnam, Thailand and Myanmar to tourists, along with a new China-Laos high speed rail link are reviving talk of a Mekong travel bubble. Thailand has already welcomed foreigners to sandbox islands such as Phuket and Koh Samui and will open the country to fully vaccinated visitors from at least 10 nations next month. It may find that initial demand is not as great as hoped for.
Oct 21st, 2021 | Khmer Times | Link: https://bit.ly/3vzpeKa
- Cambodia to host Eurasia economic, business forum
Cambodia is set to host the 1st Asia-Europe Economic and Business Forum on November 24, an event which will showcase areas of investment opportunities and potential in the aftermath of the Covid-19 crisis.
Oct 22nd, 2021 | Khmer Times | Link: https://bit.ly/2ZawsbP
- Economy to grow 4.8 percent next year, bank says
Cambodia’s economy will grow 2.4 percent this year, with gross domestic product improving to 4.8 percent in 2022, according to Phillip Bank, the only Singapore-owned commercial bank in the Kingdom.
Oct 22nd, 2021 | Khmer Times | Link: https://bit.ly/3m3bVyf