Economy and Finance
Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y
Construction materials imports were valued in 2020 at over US$1 billion, a decrease of 7.3% compared to 2019, according to a recent report by the Ministry of Commerce. Of all construction materials, steel imports fell by 27.52%, from about US$556 million in 2019 to US$403 million in 2020. Similar, cement imports value dropped sharply by […]
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field […]
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Construction & Property Weekly Video News (27 March 2021)
This week content (27 March 2021): #1 Naga Corp’s US$350-million Resort in Siem Reap province dismissed [Read more] #2 Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic [Read more] #3 GDT Launches Property Tax App [Read more] #4 314km Cambodia-Vietnam Border Road in Mondulkiri 80% complete [Read more] #5 Angkor Resources Identifies Multiple Quartz Veins & Gold Grains in Cambodia [Read more] #6 361 Construction Inspectors Given Policing Powers [Read more] Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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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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