Construction investment skyrockets

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VietStock FI English 2 week(s) ago

The Kingdom’s investment in the construction sector rose to $1.65 billion dollars in the first quarter of 2016, compared with last year’s $448 million, representing an astounding 267 per cent increase.

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Why Phnom Penh’s centre is shifting northwest

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VietStock FI English 2 week(s) ago

While commerce and real estate developments have given Phnom Penh’s south a central role in city life, location, infrastructure projects, available space and affordable home ownership opportunities indicate that the centre of Cambodia’s capital is moving towards the northwest, with districts such as Russei Keo leading the shift.

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Land bordering Tboung Khmum in demand

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VietStock FI English 2 week(s) ago

While Tboung Khmum advances towards becoming Cambodia’s first model satellite city, land prices along the outskirts of the proposed development area are skyrocketing as investors who foresee the rapid growth of the new province rush to capture roadside plots for future commercial and retail purposes.

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Analysis: Is ACU’s political face bad for business?

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VietStock FI English 2 week(s) ago

The Anti-Corruption Unit (ACU) has become embroiled in what some are describing as a political witch hunt linked to the upcoming 2018 national election, leaving members of the local business community to wonder if the ostensibly independent body’s increasingly partisan focus could prove a deterrent to future investment.

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Banks warned on growing threat of cyber fraud

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VietStock FI English 3 week(s) ago

Banks warned on growing threat of cyber fraud

Local financial institutions need to ensure that adequate safeguards are in place to stop cyber criminals and protect their customers’ deposits from increasingly sophisticated fraud scenarios, a banking expert told a forum in Phnom Penh yesterday.

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Chinese firm bags contract for oil refinery

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VietStock FI English 3 week(s) ago

Chinese firm bags contract for oil refinery

The Cambodian firm set to operate the Kingdom’s first oil refinery inked an agreement yesterday with a Chinese state-owned petroleum company to cover the landmark project’s first phase of construction.

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Asian visitors continue to lead tourism sector growth

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VietStock FI English 3 week(s) ago

Tourist arrivals inched up during the first quarter of the year as Cambodia continued to draw large numbers of Asian travellers, a tourism official said yesterday.

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MFI lending continues to skyrocket in 2016

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VietStock FI English 3 week(s) ago

Cambodia's microfinance sector shows no signs of slowing down as the sector posted a staggering 41 per cent year-on-year increase in the of its loan portfolio, and a similar increase in deposits, by the end of the first quarter in 2016, figures released yesterday by the Cambodian Microfinance Association (CMA) show.

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Cargo projections fall short at capital port

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VietStock FI English 3 week(s) ago

Cargo projections fall short at capital port

Phnom Penh Autonomous Port (PPAP), which operates the capital’s river port, reported a decline in container traffic during the first quarter of the year, raising questions about the newly listed company’s ability to meet its double-digit revenue and earnings projections – though analysts say it is too early to worry.

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Riel fund transfers to expand under FAST system

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VietStock FI English 3 week(s) ago

Two weeks since the central bank launched its FAST system, which provides instant riel-denominated fund transfers between banking institutions, operations are running smoothly, with usage of the new electronic payment system expected to pick up as it integrates more customers.

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True Money inks deal with Chamroeun MFI

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VietStock FI English 3 week(s) ago

Mobile payment provider True Money Cambodia signed a memorandum of understanding with Chamroeun Microfinance yesterday to facilitate bill payment for the microlender’s clients, the company said in a press release.

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Stronger yen sees return of Japanese investment

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VietStock FI English 3 week(s) ago

A stronger Japanese yen is rekindling investor interest in Cambodia and pushing Japanese firms to establish or expand their presence in the Kingdom, economists said yesterday.

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Firms say transport fee cuts not deep enough

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VietStock FI English 3 week(s) ago

Firms say transport fee cuts not deep enough

Officially sanctioned reductions in port container fees will have little impact on the Kingdom’s trade competitiveness as deeply engrained problems in trucking and railways, as well as high custom fees, remain in place, stakeholders in the transport sector said yesterday.

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Block D offshore oil licence revoked

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VietStock FI English 3 week(s) ago

The government revoked the offshore oil exploration license of CPHL (Cambodia) Co Ltd after the project failed to meet the terms of its petroleum agreement, a state official said yesterday.

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Banking still on a growth path

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VietStock FI English 3 week(s) ago

Banking still on a growth path

Total deposits and loans in Cambodia’s banking sector increased last year, albeit at a slower pace than in 2014, as banks and microlenders continued to expand their activities, a report released yesterday by the central bank showed.

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