Business and Market
Toyota Urges Cambodia to Reduce Tariffs on Imported Hybrid Cars
Toyota has urged the Cambodian government to reduce tariffs on imported hybrid vehicles to help Cambodia achieve its carbon neutrality target by 2050, according to a meeting between the Minister of Public Works and Transport HE Sun Chanthol and the representative of Toyota on 11 October. Mr Ryoji Fujita, CEO of Toyota (Cambodia), said his […]
Read More
Five Investment Projects Worth US$29.2m Approved for Svay Rieng, Takeo and PP
The Council for the Development of Cambodia (CDC) has issued registration certificates for five investment projects with a total capital of US$29.2m to establish five factories in Svay Rieng, Takeo, and Phnom Penh. These private companies include: The first firm is “GORGEOUS LIGHTS CO., LTD”, which will invest US$8.1m to establish a factory to produce […]
Read More
Buy Now or Later? CBRE: Bigger Condo Units Gain More Favour from Investors
As condo prices in Cambodia continue to drop, some investors are looking to deploy their capital in this sector, mainly on larger units. According to a recent CBRE report, larger units have gained favor with investors. With prices decreasing, investors have become more interested in larger unit types instead of studio and one-bedroom units. However, […]
Read More
Global Investors Eye Investments in ASEAN to Diversify Risk; Cambodia to Gain Benefit
Southeast Asia saw foreign direct investment surge by 42% in 2021, and that trend has continued this year, with some countries seeing record levels of FDI, according to the ASEAN Investment Report 2022. One of the reasons for the FDI surge is that a majority of investors are looking to spread their risk by diversifying […]
Read More
Chip Mong Bank Opens New Branch at Chip Mong Mega Mall 271
The new Chip Mong Bank’s 271 Mega Mall branch was officially inaugurated on the morning of October 5, 2022, at the Chip Mong 271 Mega Mall. The inauguration of this new branch is part of our efforts to bring Chip Mong Bank’s services and products closer to its customers at all times with the highest […]
Read More
Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]
Read More
Industry partners use ORNL software to trim carbon footprint of buildings
Two years after the U.S. Department of Energy’s Oak Ridge National Laboratory provided a model of nearly every building in America, commercial partners are using the tool for tasks ranging from designing energy-efficient buildings and cities to linking energy efficiency to real estate value and risk. International companies like Google and SmithGroup are sharing the […]
Read More
China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
China’s investment property investment dropped by 7.4% y-o-y in the first eight months of 2022, a further decrease of 1% in the first seven months, reported Xinhua. According to the National Bureau of Statistics (NBS) report, the total property investment in this period was 9.08 trillion yuan (US$1.31 trillion). Investment in residential buildings shares were […]
Read More
Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides […]
Read More
Investor Sentiment Leaning Towards Asia Pacific in 2022, Say Experts
Investors around the world are becoming more cautious in investing in real estate as well as other sectors, as uncertainty in the macroeconomic environment is ongoing, say, experts, emphasizing that the Asia Pacific market has gained more popularity lately compared to other regions. Despite the more cautious approach, the market in the Asia Pacific will […]
Read More