Economy and Finance
Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic
The Cambodian government yesterday called on all real estate developers in Cambodia to adjust their payment terms and help ease the financial burden of their buyers if needed, as the recent surge in community outbreak has affected many people. The move came after the National Bank of Cambodia (NBC) and the Ministry of Economy and […]
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GDT Launches Property Tax App & Instruction Video
The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic.
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COVID-19 Crisis Proves Strongest Developers, Says Analyst
As of the beginning of 2021, the real estate market in Cambodia remains under pressure from the COVID-19 crisis, especially given the recent surge in community transmissions. Real estate analysts, on the other hand, view this long-period pressure as a reflection of which project developers have the strongest position in the market. Managing Director of […]
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Pros and Cons of Buying a Foreclosed Property
Most investors are reluctant to buy foreclosed property as they do not want to deal with complicated court procedures despite the low price. However, buying a foreclosed property is not always complicated if you know how to analyze the property and follow the procedure well. A foreclosed property is a property that the original owner […]
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Cambodia Should Simplify Institutional Red Tape for Effective Post-Pandemic Recovery, Says Analyst
To ensure a robust recovery from the COVID-19 crisis, Cambodia may need some institutional reforms. and reducing investment red tape should be the first step according to an international analyst. Strong political and social stability have been the selling points attracting more investment to Cambodia in the last two decades. However, fixing the complexity and […]
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NagaCorp Sees Over 80% Y-O-Y Profit Drop Amid Pandemic
NagaCorp has posted a net profit of US$102.3 million for its 2020 financial year, an 80% drop compared to the amount earned in 2019, mainly due to the April-July closure in response to the COVID-19 pandemic. According to their annual report released on 08 March, the total revenue of the firm in 2020 was recorded […]
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Overseas Investors Eye Hanoi Office Market
The strong performance of the dynamic Hanoi office market is generating increasing interest among international investors who see great future potential in the Vietnamese capital’s corporate space. The low number of vacant spaces together with high demand, Vietnam’s impressive record in controlling the COVID-19 pandemic, its strong economy and international interest, particularly from China and […]
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What Is Homeowners Insurance? How Does It Work?
Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s house as well as other assets within. It also provides liability coverage against accidents in the home or on the property, according to Investopedia. A homeowner’s insurance policy in most of the case covers four kinds of incidents on […]
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Vietnam Planning US$53 billion 30-year Airport Expansion
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between […]
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NagaWorld Temporarily Suspends Operations after 11 Employees COVID-19 Positive
NagaCorp announced on Monday 01 March that the firm has voluntarily suspended operations after 11 of their staff tested positive for COVID-19. According to the firm’s announcement, 3000 employees were tested by the Ministry of Health (MoH) on 27 February, and 11 were found positive. The main objective of the suspension is in response to […]
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