AVA congress held this May

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VietStock FI English 1 week(s) ago

The upcoming 19th Asean Valuers Associations (AVA) Congress meeting will be held from May 4 to 6 in Phnom Penh. This will be the first AVA congress to be hosted in Cambodia, as the delegates of the eight ASEAN member countries, and representatives from Laos and Myanmar as observation countries, have been invited to the Kingdom by the new president of the AVA, Kim Heang. Heang is also the president of the Cambodian Valuers and Estate Agents Association (CVEA).

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Slow but steady increase of Japanese retiring in Cambodia

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VietStock FI English 1 week(s) ago

While Cambodia has long been a destination for western expats looking to retire, the Kingdom is becoming increasingly appealing for Japanese retirees looking for a good quality of life at a fraction of the price in their home country. However, as an ageing population demands a solid healthcare industry, until those needs are met, retirees will continue to seek more developed locations, local Japanese residents say.

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Long-awaited Hun Sen Boulevard slated for completion in mid-2016

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VietStock FI English 1 week(s) ago

The much-anticipated Hun Sen Boulevard– which will be the largest road in Phnom Penh once completed– is to be finished in the middle of this year, said Meas Virya, head of ING Holdings technical department.

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Oil prices drove down inflation

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VietStock FI English 1 week(s) ago

Oil prices drove down inflation

The annual inflation rate in Cambodia last year was well below government expectations, clocking in at 1.2 per cent, compared to the official estimates of 3 per cent, according to the central bank’s annual report.

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Okvau gold deposit could have a fat cousin

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VietStock FI English 1 week(s) ago

Australian mining firm Renaissance Minerals has identified an anomaly during geophysical surveys of its Samnang prospect in northeastern Cambodia that hints at a possible large-scale gold deposit, the company said in an ASX announcement yesterday.

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New Japanese MFI to assist farmers

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VietStock FI English 1 week(s) ago

Japanese financial services firm Idemitsu Credit said it had started operations in its local subsidiary that will provide financing and instalment payment services to the agricultural sector in Battambang.

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Thai bank buys local MFI in mammoth deal

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VietStock FI English 1 week(s) ago

Thai bank buys local MFI in mammoth deal

In what may be the biggest deal in Cambodia’s financial sector history, Thailand-based Bank of Ayudhya has reached an agreement to acquire the local microfinance institution (MFI) Hattha Kaksekar, with the deal expected to be valued at upwards of $140 million.

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Cryoport enters local IVF market

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VietStock FI English 1 week(s) ago

Cryoport Inc, a US-based logistics firm specialised in shipping cryogenic biological products such as frozen eggs, embryos and sperm, will expand its presence into the Cambodian market to provide shipping and logistics solutions for the Kingdom’s growing in vitro fertilisation (IVF) market, the company said in a statement yesterday.

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Breakfast @ Tuoi Tre News – January 28

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Báo Tuổi Trẻ English 1 week(s) ago

Breakfast @ Tuoi Tre News – January 28

Good morning from Vietnam!

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Survey finds Southeast Asia still struggling with corruption

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Báo Thanh Niên English 1 week(s) ago

Survey finds Southeast Asia still struggling with corruption

Three Southeast Asian nations -- Cambodia, Laos and Myanmar -- rank among the 30 most corrupt countries in the world, while one -- Singapore -- is among the 10 least corrupt, according to Transparency International’s annual survey.

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Air freight volume bucks global slowdown

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VietStock FI English 1 week(s) ago

Cambodia was one of the few bright spots for the air cargo industry last year with a modest increase in year-on-year air freight shipments as other regions experienced weak growth due to the cooling global economy.

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Tourism plan looks to China

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VietStock FI English 1 week(s) ago

Cambodia's Tourism Ministry has released a white paper for capitalising on the rapid growth in Chinese inbound tourism, with the aim of drawing and catering to roughly 2 million Chinese tourists per year by 2020.

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Kerry urges vigorous political debate in Cambodia ahead of 2018 vote

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Báo Thanh Niên English 1 week(s) ago

Kerry urges vigorous political debate in Cambodia ahead of 2018 vote

U.S. Secretary of States John Kerry called for Cambodia's government to allow "vigorous and peaceful" political debate ahead of elections in 2018 and said progress on human rights was critical to future relations.

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Tourist numbers and revenue climb in 2015

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VietStock FI English 2 week(s) ago

An estimated 4.8 million international tourists visited Cambodia in 2015, marking a modest 6-per-cent increase over the previous year, Top Sopheak, an undersecretary of state at the Ministry of Tourism, said on Sunday at the Cambodia Rice Forum in Phnom Penh.

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Apparel companies cite union concerns

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VietStock FI English 2 week(s) ago

A visiting delegation from the American Chamber of Commerce in Hong Kong met with relevant ministries and stakeholders yesterday to discuss the progress of Cambodia’s trade union law and the issues surrounding industrial relations in the Kingdom.

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