Business and Market
Cambodia Imports 600 Tons of Steel from Vietnam in First Five Months of 2021
Vietnam exported 584 tons of steel to Cambodia during the first five months of 2021, a year-on-year decrease of 1.5%, reported VN Express news. Meanwhile, the total export of steel for this country was at 4.1 million tons during this period, or equivalent to the value of US$3.61 billion, a year-on-year increase of 117% Among […]
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Bangkok Home Prices Dive Down as Pandemic Continues
Prices of homes in Bangkok have dived compared to emerging cities in Southeast Asia, as the COVID-19 cases in Thailand continue to spike, reported Investvine. According to a study entitled ‘Global Cities Q3’ by Juwai IQI, home prices in Bangkok shrunk by 6% in Q1 2021 year-on-year, with references to condominium prices in the central […]
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Almond Hospitality Group Selected to Provide Catering Service at PH Convention Hall
Renowned real estate developer Peng Houth Group has selected Almond Hospitality, a firm owned by Master Chief Luu Meng, to provide the catering service at its upcoming large convention hall in Chbar Ampov district. Peng Houth Chairman Oknha Thay Chea Houth and Almond Hospitality Group CEO Chef Luu Meng formalised the agreement on Monday, according […]
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Pizza Hut to Debut in Cambodia in August
US-based Pizza Hut will open it’s first-ever store in Cambodia this month in response to growing demand and the kingdom’s high potential retail sector. The United Food Group, the owner of the Park Café restaurant, is the Pizza Hut International franchise partner bringing the Pizza Hut to Cambodia. The first store will open in Phnom […]
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Mortgage Applications Drop by 32% in Q2; Value Shrinks 17%
The number of mortgage loan applications in the second quarter of 2021 dropped by 32% while the total loan value also decreased by 17%, compared to the first quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of June 2021, the number […]
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More Construction Firms Enter Stock Market; CSX Approves JS Land Plc’s Listing
The Cambodia Securities Exchange (CSX) has granted approval in principle on an equity securities listing eligibility review to JS Land Plc. In a press release on 3 August 2021, CSX said that in order to be officially listed and have its securities trade on the CSX, JS Land Plc shall get approval for the public […]
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PM Announces Collapse of First Oil Drilling Industry
Cambodia Prime Minister Samdech Hun Sen on Sunday announced the collapse of Cambodia’s first crude oil extraction operated by KrisEnergy. The announcement comes after the company announced its liquidation in June due to the debt crisis. (Read more) Speaking at the opening ceremony of the COVID-19 vaccination campaign for 12- to 17-year-olds, PM Hun Sen […]
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Prince, Pointer Join Hands Raising Prek Pnov Market Potential with 270-hectare Residential Project
Renowned real estate developer Prince Huan Yu and Cambodia’s leading consultant agency Pointer Property have joined hands to raise the market potential of Prek Phnov district with an innovative new residential project Samraong Village which focuses on community living and green space. Located along NR5 north of Phnom Penh, ground was broken on Samraong Village […]
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Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure
Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company’s revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The […]
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Regional Commercial Real Estate Investment Begins to Recover in H1
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June […]
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