Property Focus
Cambodia & Singapore Launch FTC to Boost Cross-Border Financial Services
Cambodia and Singapore have launched the Financial Transparency Corridor (FTC) project to facilitate financing for small and medium enterprises (SMEs) in both countries. The initiative, announced by the National Bank of Cambodia on 18 June 2024, aims to enhance bilateral trade and investment activities by streamlining cross-border financial services. The FTC serves as a digital […]
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Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]
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China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
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EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains with the adoption of a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according […]
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To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
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Kampong Speu Authorities Confiscate Over 3,400 Hectares of Forest Land in Oral Mountain Sanctuary
Kampong Speu provincial authorities have confiscated an additional 3,434 hectares of forest land in the Oral Mountain Wildlife Sanctuary, reclaiming it as state property. This decision follows the recent confiscation of more than 1,400 hectares of forest land earlier in 2024, as stated in the order dated 7 June 2024. The order mandates the confiscation […]
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Phnom Nam Lear & Phnom Kulen to Become Geographical Heritage Conservation Areas
The Ministry of Environment has announced plans to transform Phnom Kulen and Phnom Nam Lear into Geo-Parks, aiming to preserve the earth’s geographical heritage. Concurrently, a three-hectare regional nursery project in Phnom Kulen has been completed. This development was confirmed by Mr. Eang Sophalleth, Minister of Environment, during a meeting with Prof. Dr. Watanabe Koichiro, […]
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Dubai Issues Golden Visa: A Luxury House Costs US$24m, Still Cheap for Chinese Buyers
Dubai’s Booming Market and Golden Visa Scheme Lure Investors from Mainland China and Hong Kong Fuelled by a thriving real estate market and a fast-track residency program, Dubai is rapidly becoming a top destination for property investors from mainland China and Hong Kong, according to industry experts. This shift in investor focus comes after years […]
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Gov’t Confiscates Nearly 30,000 Hectares of Illegally Occupied Land in Stung Treng
The Department of Agriculture, Forestry, and Fisheries of Stung Treng Province has announced the confiscation of 28,872.477 hectares of land illegally encroached upon by various individuals. Occupants have been instructed to dismantle their structures and vacate the land by 30 June 2024. This directive follows measures to prevent and reclaim illegally occupied land, as detailed […]
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Singapore Airlines Achieves Nearly US$2 Billion Annual Profit Amid Surging Demand
Singapore Airlines has reported a remarkable annual profit of S$2.68 billion (US$1.99 billion) for the fiscal year, a significant rise from the S$2.16 billion recorded the previous year. This achievement underscores the airline’s robust performance and strategic market positioning, according to CAN on 15 May 2024. The surge in profits was primarily driven by increased […]
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