Residential developments shift towards mid-range condos

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VietStock FI English 3 week(s) ago

High-end condominium supply continues to outpace demand for the lack of ability to serve locals’ housing needs while the stress on Phnom Penh to further urbanise accelerates.Thus, developers are starting to focus on mid-range condominiums to cater to the slow but growing middle class that are altering their conventional housing habits, real estate experts say.

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Chinese construction in Cambodia unaffected by mainland slowdown but locals fear the worst

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VietStock FI English 3 week(s) ago

The global uncertainty concerning the health of China’s economy once again raised fears after last week’s large corrections on the Chinese stock market sent tremors across world indices. While the Chinese slowdown may even be more dire than predicted, local experts have mixed reactions on what it means for the Cambodian real estate sector despite government data showing that Chinese investment in property is still at an all-time high.

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With D’Seaview, Sihanoukville’s first integrated mixed development breaks ground

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VietStock FI English 3 week(s) ago

D’Seaview brings Sihanoukville’s first fully integrated residential and commercial mixed development, located alongside Sihanoukville’s most beautiful beaches.

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Battambang approves long awaited master plan

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VietStock FI English 3 week(s) ago

Urban and spatial planning has long been difficult to achieve in Cambodia due to the government’s lack of a proper framework to integrate policies needed to handle the growth of rural and urban populations.

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Mortgage Matters Part 3: How to pay back your loan faster in 2016

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VietStock FI English 3 week(s) ago

2016 has now arrived, and as the New Year comes you might be turning your attention to your long-ignored mortgage.

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Kingdom’s auto importers cast a wary eye on gov’t tax decree

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VietStock FI English 3 week(s) ago

Importers can expect a substantial increase in the "specific tax" component of certain products, especially automobiles and auto spare parts, according to a sub-decree by the Customs and Excise Department released yesterday.

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Assembly approves Cambodia’s stake in AIIB

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VietStock FI English 3 week(s) ago

The Cambodian National Assembly yesterday passed a law ratifiying its membership to the China-backed Asian Infrastructure Investment Bank (AIIB), which will enable it to access funds to develop the country’s lagging infrastructure.

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Mesco takes on search for gold

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VietStock FI English 3 week(s) ago

Mesco takes on search for gold

Indian mining firm Mesco Gold has expanded its partnership with Canadian mineral exploration firm Angkor Gold, entering into a joint venture to explore and develop Angkor’s Oyadao North tenement in northeastern Cambodia, the company said yesterday.

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Cambodian alumni to discuss development

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VietStock FI English 3 week(s) ago

The annual gathering of the Global Alumni Convention (GAC) will be held in Phnom Penh on January 29-30, marking the second time the event has been organised in the Kingdom, and will bring together Cambodian graduates who studied overseas, government officials and senior business leaders for a two-day meeting.

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Casino tax receipts up 33 pct in 2015: gov’t

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VietStock FI English 3 week(s) ago

The government collected $34.7 million in taxes from Cambodia’s 63 licensed casinos in 2015, a 33 per cent increase over the previous year, a Ministry of Economy and Finance official said yesterday.

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Rice industry growth hampered by disunity

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VietStock FI English 3 week(s) ago

The Cambodia Rice Federation (CRF), the apex body of the nation’s rice industry, is looking to bring all relevant stakeholders under one unifying vision for the sector, citing the lack of cooperation among its members as a key reason for missing last year’s 1 million-tonne milled rice export target.

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Focus on e-banking as Acleda profits soar

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VietStock FI English 3 week(s) ago

Focus on e-banking as Acleda profits soar

On the back of a 28 per cent increase in profits last year, the country’s largest bank Acleda Bank said it would increase its focus on development of its electronic banking infrastructure in the ASEAN region, but had no plans of going public yet, according to the bank’s CEO In Channy.

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Rice exports miss the mark again

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VietStock FI English 1 month(s) ago

Rice exports miss the mark again

Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016.

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Lacklustre prices, competition dampen cassava exports

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VietStock FI English 1 month(s) ago

Lacklustre prices, competition dampen cassava exports

Cambodian cassava farmers are facing dropping prices in the agro commodity this season, as the lack of a domestic market and dependence on exports, which faces competition from neighbouring countries, has led them to call for government intervention.

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Chinese volatility vexes Cambodia

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VietStock FI English 1 month(s) ago

Chinese volatility vexes Cambodia

For the second time in five months, the Shanghai Composite Index saw large corrections this week triggering a newly installed circuit breaker to halt trading on Monday and Thursday.

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