Home loans in Cambodia: Things to consider before taking the plunge

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VietStock FI English 2 week(s) ago

When it comes to getting a mortgage, the process of choosing a loan and a lender can be complicated. And with more than 35 commercial banks operating in Cambodia, finding a reputable lender can seem daunting on the surface. By breaking down the decision process into stages, you can avoid disappointment, frustration and wasted time.

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Chinese continue the hunt for international property

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VietStock FI English 2 week(s) ago

Chinese continue the hunt for international property

China’s wealthy are increasingly showing a big appetite for investing in real estate out of their home country, and while traditional international markets such as Australia and the US remain popular, Cambodia is beginning to attract the attention of China’s elite.

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Foreign developers cause property market surge

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VietStock FI English 2 week(s) ago

Foreign developers cause property market surge

Future Phnom Penh condominium supply is predicted to be driven by international developers, with firms from Taiwan and China forecast to account for about 28.5 per cent and 18.5 per cent of total unit stock by the end of 2018, respectively, according to a report from property firm CBRE.

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Mining sector buried in taxes

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VietStock FI English 2 week(s) ago

Mining sector buried in taxes

With the global commodities markets in a deep slump, mining companies operating in one of the Kingdom’s riskiest and most heavily-taxed industries are lobbying for a less onerous tax regime to account for the high upfront capital costs and risk of mineral exploration and extraction.

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Pig skin to kick off leather industry

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VietStock FI English 2 week(s) ago

Pig skin to kick off leather industry

Agro-industrial giant Mong Reththy Group is finalising construction on the Kingdom’s first pig skin processing factory and expects production to begin by the end of the year, a company executive said yesterday.

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Ministry sees export market growing

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VietStock FI English 2 week(s) ago

Ministry sees export market growing

Cambodia's total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday.

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Lukewarm response to Russian tax proposal

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VietStock FI English 2 week(s) ago

A Russian diplomat has urged the Cambodian government to sign a double taxation treaty, but local officials say it is low on their list of priorities.

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MEF and USAID launch transparency initiative

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VietStock FI English 2 week(s) ago

USAID and the US Treasury Office of Technical Assistance (OTA) have launched a joint initiative with the Ministry of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management of public finances, according to a press release issued yesterday.

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Nearly half of 2016 tax target already collected

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VietStock FI English 2 week(s) ago

In the first four months of the year, the government collected nearly half of its tax revenue target for all of 2016, local media reported yesterday, citing Kong Vibol, director of the General Department of Taxation (GDT).

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IFC to help strengthen corporate governance

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VietStock FI English 2 week(s) ago

The International Finance Corporation (IFC) signed a memorandum of understanding with the National Bank of Cambodia (NBC) to strengthen corporate governance among banking and financial institutions in Cambodia, it said in a joint press release yesterday.

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Firm poised to be first licensed derivatives broker

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VietStock FI English 2 week(s) ago

Firm poised to be first licensed derivatives broker

Six months since Cambodia’s market regulator officially launched derivatives trading in Cambodia, Phnom Penh Securities Plc is poised to become the first local securities firm to legally trade the complex and little-understood financial instrument.

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Blue River buys into Cambodian gold hunt

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VietStock FI English 2 week(s) ago

Canadian mineral exploration company Angkor Gold Corp has signed an agreement with Vancouver-based junior mining firm Blue River Resources Ltd to fund exploration of its gold prospects in northeastern Cambodia, the company said in a press release yesterday.

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NagaCorp rolled into gaming futures product

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VietStock FI English 2 week(s) ago

Nagacorp Ltd, the operator of NagaWorld casino in Cambodia, will be included in the world’s first gaming index futures product, Hong Kong Exchanges and Clearing Ltd announced this week.

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Canadians paid $103M for ABA stake: source

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VietStock FI English 2 week(s) ago

The National Bank of Canada paid $103 million to increase its stake in Cambodia-based Advanced Bank of Asia (ABA Bank) from 42 per cent to 90 per cent, the Canadian press said yesterday, reporting on the acquisition announced on Monday.

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Vietnam flights to broaden coastal tourism

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VietStock FI English 2 week(s) ago

Sihanoukville's tourism industry has welcomed news that the country’s flagship airline will commence scheduled service between Sihanoukville and Ho Chi Minh City in Vietnam next month, but said the coastal city could benefit greatly from more international flights.

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