Port officials chart course for maritime trade growth

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VietStock FI English 1 month(s) ago

Port officials chart course for maritime trade growth

Port officials from ASEAN member states gathered in Phnom Penh yesterday to discuss ways of improving the region’s cargo port system and further standardising maritime trade procedures, a Cambodian port official said yesterday

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Grand Twins sees revenue up, profit down

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VietStock FI English 1 month(s) ago

Grand Twins sees revenue up, profit down

Grand Twins International (GTI), the only publicly traded garment firm on the Cambodian stock market, reported that profits decreased by over 15 per cent year-on-year during the first six months of 2016 despite a hefty increase in revenue.

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Group Lease ties into True Money network

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VietStock FI English 1 month(s) ago

Digital finance firm Group Lease Finance (GLF) and mobile payment company True Money have announced a new partnership to provide loans and financial services in Cambodia.

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Developer puts condo project The Bay on hold as supply glut looms

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VietStock FI English 1 month(s) ago

Developer puts condo project The Bay on hold as supply glut looms

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first major casualty of a looming real estate bubble, property analysts said yesterday.

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Industrial park operator hopes to clinch land sales

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VietStock FI English 1 month(s) ago

Industrial park operator Phnom Penh SEZ anticipates that net profit will expand more than 10-fold by the end of this year after it cements deals with two Japanese manufacturing companies next month and hopes to capture an additional six investors as tenants, company representatives said during a presentation on Friday.

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Finding a path for future growth

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VietStock FI English 1 month(s) ago

Finding a path for future growth

EuroCham, Cambodia’s largest foreign chamber of commerce, is under new stewardship. The Post’s Kali Kotoski sat down recently with incoming chairman Arnaud Darc to discuss his vision for business association and get his take on the Kingdom’s business climate.

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Shukaku Inc and Don Bosco sign scholarship MoU

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VietStock FI English 1 month(s) ago

Real estate developer Shukaku Inc has inked a memorandum of understanding (MoU) with education and training-focused NGO Don Bosco Foundation, worth more than $69,000.

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Aeon Mall a no-go zone for real estate events

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VietStock FI English 1 month(s) ago

Aeon Mall a no-go zone for real estate events

After a surge in property-related events by various real estate developers at Aeon Mall’s Daylight Plaza, the centre’s management team is now holding off on requests from developers.

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Construction work progress continues amid illegal workers’ arrest

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VietStock FI English 1 month(s) ago

Since the start of the year, department authorities at the Ministry of Interior have arrested more than 10,000 illegal workers, with the bulk of them being construction workers. However, industry experts and investors are split on the opinions that the arrest will impinge on the development of the sector.

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Cambodia’s migrant movement changing Phnom Penh’s socio-economic landscape

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VietStock FI English 1 month(s) ago

Dr Laurie Parsons and Dr Sabina Lawreniuk have undertaken extensive studies on Cambodia’s migrant movements for the past eight years.

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Borey developers adjust strategies as sales decline

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VietStock FI English 1 month(s) ago

Borey developers adjust strategies as sales decline

Condos and boreys have been experiencing a decline in sales, prompting developers to go back to the drawing board when devising financing strategies in a bid to lure back potential buyers.

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Star Auto Cambodia takes green initiative for Mercedes showroom

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VietStock FI English 1 month(s) ago

Star Auto Cambodia claims it has constructed one of the first largest green buildings in Cambodia for a lush $10 million.

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MFI lending continues on course

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VietStock FI English 1 month(s) ago

MFI lending continues on course

Cambodia's microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests.

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Moody’s cautious on GDP growth, warns of credit bubble

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VietStock FI English 1 month(s) ago

Global credit rating agency Moody’s Investors Services said yesterday that Cambodia’s B2/stable sovereign credit rating was supported by its robust economic growth and modest debt burden, but its narrowly focused industrial sector and low incomes were weighing on overall economic strength. In addition, the fast pace of credit growth, though slowing over the last year, could pose financial stability risks.

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Officials discuss future Kep developments

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VietStock FI English 1 month(s) ago

Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB).

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