First mine licensed to draw gold

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VietStock FI English 2 week(s) ago

First mine licensed to draw gold

In a milestone for Cambodia’s nascent mining industry, the government has issued the first commercial mining licence to Mesco Gold, giving the Indian mining firm a green light to extract and process ore at its gold project in Ratanakkiri province, industry sources said yesterday.

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Thai bank’s buyout of local MFI finalised

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VietStock FI English 2 week(s) ago

Thailand's Bank of Ayudhya has officially reached an agreement to acquire the full shareholding of Cambodian microlender Hattha Kaksekar Ltd (HKL), a banking executive said yesterday, while declining to disclose the value of the landmark deal.

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Palm farmers eye a sweet deal

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VietStock FI English 2 week(s) ago

Palm farmers eye a sweet deal

Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market.

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China agrees to double rice import quota: PM

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VietStock FI English 2 week(s) ago

China agrees to double rice import quota: PM

China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China yesterday, offering a much-needed boost to Cambodia’s beleaguered rice sector.

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Gov’t trims diesel cap, gasoline unchanged

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VietStock FI English 2 week(s) ago

The price cap for diesel decreased marginally while premium and regular petrol prices remained the same following the latest government revision yesterday.

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Cambodian ‘ghost’ plane to be auctioned

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VietStock FI English 2 week(s) ago

Vietnam plans to auction off an abandoned Boeing 727-200 aircraft that belongs to the now-defunct Cambodian commercial carrier Royal Khmer Airlines in order to recoup nearly 10 years of parking fees it has racked up at Hanoi’s Noi Bai International Airport, according to Vietnamese media.

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Ready for a brave new market

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VietStock FI English 2 week(s) ago

Long associated with illicit trading, derivatives are now legally traded in Cambodia, offering investors a new financial tool to hedge risks or realise profits. The Post’s Kali Kotoski sat down with Lawrence Kook, director of Golden FX Link, the first company to receive a derivatives licence from the Securities Exchange Commission of Cambodia (SECC), to discuss the firm’s operations and expectations for the Kingdom’s nascent market.

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‘Tallest building in Southeast Asia’ to commence construction this year

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VietStock FI English 3 week(s) ago

The development of Thai Boon Roong’s 500-metre high Twin Trade Center will begin late this year, according to project insiders, who say the developer has secured funding to kickstart the construction of not only “the biggest commercial building in Phnom Penh”, but in the whole of Southeast Asia.

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Letter to the editor: ‘Real estate is a cyclical market‘

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VietStock FI English 3 week(s) ago

Marc Townsend, managing director of CBRE Vietnam and Cambodia, is optimistic Phnom Penh’s supply and demand fundamentals will eventually re-balance, as he tells Post Property:

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Borey developers take finance matters into own hands

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VietStock FI English 3 week(s) ago

Borey developers take finance matters into own hands

The Cambodian Valuers and Estate Agents Association (CVEA) and the Housing Development Association of Cambodia (HDAC) have voiced concerns over the largely unknown fact that some borey developers are dishing out loans and mortgages to their own clients.

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Quantity surveying is a young industry on the rise in Cambodia

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VietStock FI English 3 week(s) ago

Singapore-based boutique agency Oliver Ho & Associates is an independent practice that has made it its mission to provide consultation expertise and management services across all aspects of construction and construction-related products.

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Phnom Penh’s migrant workers: A state of surviving

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VietStock FI English 3 week(s) ago

As the number of garment workers and labourers migrating from the provinces to Phnom Penh seeking employment keeps increasing, finding affordable housing has become a huge problem for these workers.

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Population mostly out of touch with property boom

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VietStock FI English 3 week(s) ago

If it hasn’t been reiterated enough, the Kingdom is going through an unprecedented property and construction boom at present.

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Kingsland Global celebrates pre-completion sale of Oknha Peich Boutique Hotel

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VietStock FI English 3 week(s) ago

The successful sale of the Oknha Peich Boutique Hotel on 18 February 2016 - prior to construction completion - serves as a celebratory and momentous milestone for Kingsland Global, and the company’s Cambodian arm. Slated to be completed in the second quarter of 2017, the hotel was sold to Vivaz Holdings Pte Ltd at US$13.4 million.

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Thai bank’s $140M offer to buy Cambodian MFI on hold

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VietStock FI English 3 week(s) ago

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal.

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