Economy and Finance
Singapore’s real estate market spikes as Chinese buyers increase
Singapore’s property market has recently caught its momentum compared to other markets around the world as Chinese buyers keep increasing. According to Worldakkam, Chinese buyers in Singapore were mainly concentrated in the luxury real estate market, Singapore’s hotels and beachfront real estate for instance. The reasons that build more trust for Chinese investors are the […]
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CSX: Royal Railway Eligible to Apply for Bond Listing
The Cambodia Securities Exchange (CSX) has approved in principle that Royal Railway Plc, a subsidiary of the Royal Group, is eligible to apply for bond listing. However, to complete the bond listing process, Royal Railway must follow more conditions to get approval from the Securities and Exchange Regulator of Cambodia and meet further listing requirements […]
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Chinese Gov’t to Issue US$29bn Loan to Help Developers Complete Housing Projects
The Chinese government plans to issue 200 billion yuan (US$29 billion) in special loans to help developers finish their stalled housing projects, according to Caixin. This loan will be issued under the cooperation of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the central bank. The loan may be provided by […]
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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Stamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to […]
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Gov’t receives more than US$ 2 million as ECL rent income as the total land area is 1.16M hectares
The Ministry of Agriculture, Forestry, and Fisheries has provided 229 economic land concessions for agro-industrial investment and a total contract area of 1,167,419 hectares throughout the country. Of these, 72 ELC companies have paid annual land fees of $2,056,381.06 million to the government of August 2022, while other concession companies will continue to pay until […]
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Gov’t Urges Private Sector to Build More Affordable Housing Amid High Demand
The government has urged the private sector to continue building more affordable housing projects to meet growing demand, while to date Phnom Penh and Kandal have a total of four state-private affordable housing projects. HE Theng Chansangvar, Secretary of State of the Ministry of Land Management, Urban Planning and Construction, said in a press conference […]
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MLMUPC Contributes Approx. US$150 million Per Year to National Budget
The Ministry of Land Management, Urban Planning, and Construction Cambodia (MLMUPC) has been contributing an average of US$150 million annually to the national budget, one of the largest contributions from a ministry. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and […]
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Phnom Penh Autonomous Port Earned Nearly US$20m in H1 2022, 29% Increase Y-o-Y
During the first half of 2022, the Phnom Penh Autonomous Port (PPAP) earned nearly US$20 million in revenue, an increase of about 29% compared to the same period last year. PPAP Director General Hei Bavy said on 23 August that the increase in revenue is due to the increase in exports of Cambodian agricultural products, […]
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Ministry of Tourism Urges Direct Flights from Phu Quoc to Siem Reap
The Ministry of Tourism is studying the possibility of making a new tourism scheme to boost Siem Reap’s tourism, by urging airlines to have more direct flights to Siem Reap from other major tourist destinations such as Phu Quoc. According to the meeting on Siem Reap-Angkor Tourism Management and Development on 08 August, the ministry […]
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