Economy and Finance
Chinese Premier Li Keqiang pledges to support development of Sihanoukville
Chinese Premier H.E Li Keqiang has pledged to support the development of Sihanoukville amid massive development made by Chinese investors. The commitment was made at a meeting between Samdech Techo Hun Sen, Prime Minister of Cambodia and H.E Li Keqiang on the sidelines of the 35th ASEAN Summit held in Bangkok. According to a Facebook […]
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Interview: Understandings of Cambodia foreign debt and its contribution to economic development
Cambodia should not worry about the foreign debt which accounts for more than 20% of GDP, according to the analysis and assertions of the Prime Minister and the Minister of Public Works and Transport.
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IMF researchers advise Cambodia to tighten lending measures on real estate amid high credit growth
New End-of-Mission statements by the staff teams of the International Monetary Fund (IMF) advises Cambodia to tighten its lending measures on the real estate sector amid the booming industry and high credit growth. According to an IMF press release, Cambodia’s GDP growth remains positive standing at around 7% in 2019, yet further policies are needed […]
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Cambodia drops six places on Doing Business 2020, though construction improves
Cambodia has dropped six places in the World Bank’s ranking on Doing Business 2020, yet the country has made improvements in dealing with construction permits, getting electricity, and resolving insolvency among the 10 topics studied. The recently published Doing Business 2020 shows that Cambodia ranks 144 out of the 190 rankings, reflecting a drop of […]
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Government approves US$22 million for Special Economic Zone projects
The Council for the Development of Cambodia (CDC) announced on its Facebook page on 16 October of its approval of several projects, including four projects related to the construction industry, with investment capital worth more than US$22 million and creating 1958 jobs in the Sihanoukville Special Economic Zone (SEZ). One project is a furniture factory […]
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Construction boom causes competition in home loan interest rates
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most […]
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US$6.4 billion invested into construction sector
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction […]
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New Sihanoukville special economic zone proposed
Two companies have proposed 1,600 hectares of land in Sihanoukville province to be developed into a special economic zone through land reclassification, according to the provincial administration. On 07 October, Sihanoukville provincial governor H.E Kouch Chamroeun held a meeting to discuss the proposal with the Stung Hav district governor and other officials from relevant departments. […]
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Real estate transactions in Cambodia remain strong
Real estate transactions in Cambodia remaining strong is best reflected by the sharp rise in property tax, according to industry expert Sorn Seap. The General Department of Taxation (GDT) has recently collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. (Read […]
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Shift in Chinese manufacturing drives Vietnam industrial rent rises
The US-China trade dispute is fuelling an exodus of Chinese manufacturing to SE Asian nations with Vietnam directly benefiting. According to a new report from real estate analysts JLL Vietnam, strong demand for industrial space saw rental price rises in Q2 2019 by up to 15.8% year-on-year with average occupancy in South Vietnam’s Southern Key […]
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