Property Focus
GGEAR Group Revolutionises Electronics Distribution with Cutting-Edge “GGEAR Dealer Portal” App
In a pioneering move, GGEAR Group has unveiled the innovative “GGEAR Dealer Portal,” marking a significant leap forward in Cambodia’s mobile electronics sector. The GGEAR Dealer Portal is a trailblazing program designed to empower business partners with a seamless experience in downloading electronic products for distribution. This state-of-the-art technology ensures swift and error-free operational data, […]
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Vietnam’s Central Bank Affirms No Interest Rate Hike in 2024
In a pivotal announcement, the State Bank of Vietnam (SBV) declared its stance on interest rates for the year 2024, affirming a commitment to maintain current policy rates. SBV Deputy Governor Dao Minh Tu addressed the Vietnam Plus during a press conference on 3 January, outlining the central bank’s strategic approach to economic support. Deputy […]
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Gov’t Launches Special Task Force for Tonle Sap Land Registration to Safeguard Natural Heritage
In a decisive move to protect the invaluable natural resources of the Tonle Sap region, the Cambodian government has issued Decision No. 37, dated 6 February 2024, to establish a dedicated commission for land registration. Recognizing the critical importance of preserving these resources for national identity and the prosperity of future generations, the government aims […]
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Asia House Forecasts: Vietnam to Outshine its Asian regional Counterparts Throughout 2024
In the realm of thriving Asian economies, Vietnam emerges as a standout performer, poised to outshine its regional counterparts throughout 2024, according to the Asia House Annual Outlook released on 23 January in London. The report anticipates approximately 5% overall growth across eight key Asian economies, with Vietnam and the Philippines leading the charge. Focused […]
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Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company’s strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, according to […]
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CGCC Empowers Cambodian SMEs with US$164m in Loans Over Three Years
The Credit Guarantee Corporation of Cambodia (CGCC) has played a pivotal role in fostering the growth of small and medium enterprises (SMEs) by approving a total credit guarantee of approximately US$164.72 million as of 31 December 2023. This update was revealed during its annual meeting held on 31 January 2024. This three-year initiative has provided […]
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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute’s report, released on 1 February 2024, highlighted the robust revenue growth, […]
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Hong Kong Court Orders Liquidation of China Evergrande Amidst Ongoing Financial Turmoil
In a significant development, the Hong Kong Supreme Court issued a verdict mandating the liquidation of China Evergrande, the embattled real estate giant, on 29 January. This decision follows a prolonged period of financial distress, spanning over a year, during which the company struggled to meet its debt obligations. Despite granting more than 18 months […]
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Ang Pao from Peng Huoth Borey for Chinese New Year Promotion
On the special occasion of celebrating the traditional Chinese New Year, customers looking for a family or business house in February will receive an unprecedented discount with Ang Pao from Borey Peng Huoth. From today until the end of February 2024, all customers who book a house in all projects will receive promotions such as: […]
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As of January 2024, Takeo Province Still Grapples with 220,000 Unregistered Land Plots
Takeo province is grappling with approximately 220,000 unregistered land plots according to HE Say Sam Al Minister of Land Management, Urban Planning, and Construction on 29 January 2024. The government, under the strategic plan of the seventh legislature, is committed to expediting the land registration process. Highlighting the magnitude of the task, the deputy PM […]
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