Prominent property developers downplay sliding real estate outlook

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VietStock FI English 2 week(s) ago

Prominent property developers downplay sliding real estate outlook

As the property market maintains its spotlighted position as one of the most debated industries in the Kingdom, with several differing opinions from real estate professionals alike, it seems more developers are upping the ante by offering novel investment schemes and opportunities.

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Plans underway for clearer guidelines governing landmarks and heritage buildings

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VietStock FI English 2 week(s) ago

As many tall buildings continue to pop up in Cambodia’s 500-year-old capital, ministries are continuing to place importance on preserving the cultural heritage of important historical sites and landmarks, ranging from ancient temples and monuments to pagodas and colonial buildings.

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Report confirms residential oversupply

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VietStock FI English 2 week(s) ago

Report confirms residential oversupply

The latest report on the state of Phnom Penh’s property market makes bleak reading for investors and those betting on a lucrative future in the short-term.

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Condo developers reaping in hefty profits

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VietStock FI English 2 week(s) ago

Condo developers reaping in hefty profits

When condo units are priced from $3,000 to $3,500 per square metre, it is at least twice as much as an ordinary Cambodian’s annual income.

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Railway works prime Poipet for prosperous developments

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VietStock FI English 2 week(s) ago

The train route that is set to connect Poipet to Thailand, and the government’s plan to make Poipet a commercial and industrial area, are readying this Thai-bordered city to exercise its potential.

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Disney carbon deal sets stage for more partnerships

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VietStock FI English 2 week(s) ago

Disney carbon deal sets stage for more partnerships

Cambodia's first large-scale private-sector sale of carbon credits was finalised yesterday, with conservationists predicting that it could pave the way for more public-private partnerships, making millions of dollars of funding available for local carbon-based initiatives.

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Fertiliser deal eyes growing market

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VietStock FI English 2 week(s) ago

A new partnership between Thai-based MSK Fertilizer and Cambodian import agency Brightway Group will increase the distribution of certified quality fertilisers to combat the Kingdom’s endemic supply of fake crop stimulants, a Ministry of Agriculture official said.

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Border control a concern as harvest looms

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VietStock FI English 2 week(s) ago

Border control a concern as harvest looms

Tighter border controls by Thai authorities could result in thousands of tonnes of Cambodian agricultural goods getting stranded at the border next month when local farmers begin harvesting their crops, sources warned yesterday.

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Gaming firm to push into mobile apps

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VietStock FI English 2 week(s) ago

Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will actively pursue new business ventures, including developing an online social casino platform, to help offset short-term revenue losses, the company said in a filing yesterday.

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Prices fall at the pump as new fuel caps set

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VietStock FI English 2 week(s) ago

The government lowered the price ceiling on retail fuel products across the board in its latest scheduled revision, setting new price caps effective August 12 to 21, the Ministry of Commerce announced yesterday.

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Regulators keeping a close eye on derivatives market

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VietStock FI English 2 week(s) ago

Cambodia's capital market regulator held a forum yesterday on regulations and safeguards for the derivatives market, laying out the inherent risk and reward of the poorly understood financial instrument that has until recently operated with no oversight.

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Review finds economy resilient to challenges

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VietStock FI English 2 week(s) ago

The National Bank of Cambodia released its annual report yesterday, citing strong growth in 2015 despite challenging economic circumstances caused by a Chinese economic slowdown, increased regional competitiveness and the appreciation of the US dollar.

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Domestic tourists push up Siem Reap visitor count

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VietStock FI English 2 week(s) ago

Domestic tourists push up Siem Reap visitor count

Tourist visits to Siem Reap province increased slightly during the first half of the year as foreign tourists lined up to see the country’s pre-eminent tourism attraction, Angkor Wat, and Cambodians from across the country flocked to the province for a major national festival in April.

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Malaysian trade agreement inked at Phnom Penh business forum

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VietStock FI English 2 week(s) ago

Malaysian trade agreement inked at Phnom Penh business forum

Cambodia and Malaysia took strides yesterday to enhance bilateral trade and investment, holding a business forum in Phnom Penh and inking a cooperation agreement aimed cementing existing ties – and forging new ones.

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NagaCorp profits up as casino packs in punters

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VietStock FI English 2 week(s) ago

Nagacorp Ltd, the operator of NagaWorld casino in Phnom Penh, saw its net profit climb 24 per cent during the first half of 2016 on “an increase in business volume across all segments of the gaming business,” the Hong Kong-listed company said in a filing yesterday.

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