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ខ្មែរ Property Focus
Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines
- 31 May 2024
The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh, and Anata Residence...
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
- 29 May 2024
In a bold move to stabilise the struggling property market, the People's Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of credit. This significant financial stimulus...
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Kampong Speu Authorities Seize Over 57 Hectares of Forest Land in Oral District
- 28 May 2024
Kampong Speu provincial authorities have confiscated more than 57 hectares of forest land in the Oral Mountain Wildlife Sanctuary, marking a significant move against illegal land grabbing. This decision is part of a broader effort in 2024, during which over 1,400 hectares of forest land have been reclaimed as state property. The order was issued on 27 May 2024. The official order rejects and se...
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
- 28 May 2024
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia's economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & Exports Fuelling Growth AMRO's chief economist, Jinho Ch...
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Japan’s Exports Surge in Value 8.3%, Led by Autos and Chips, Despite Volume Decline 3.2%
- 27 May 2024
Japan's export value surged by 8.3% to reach 8.9 trillion yen (US$57 billion) in late April, marking the fifth straight month of growth, according to official data released by the Japanese Ministry of Finance on Wednesday. However, export volume saw a decline of 3.2% compared to the previous year, as reported by NikkeiAsia on 11 May 2024. Economic Implications of Diverging Export Metrics The...
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Chip Mong 271 Mega Mall Unveils MEGA Amazing: Shop, Save, Win a Luxury Car or Dream Vacation!
- 27 May 2024
Chip Mong 271 Mega Mall celebrated its grand opening with an unprecedented Mega Amazing program, including the presentation of a brand-new Mitsubishi car to one lucky customer—a prize no other supermarket has ever offered. The event on May 26 2024 marked the conclusion of the Mega Celebration promotion and was attended by top leaders of Chip Mong. The grand opening saw the presence of notable ...
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Australia plans to turn corn waste into Biomass for improvement of agricultural land in Siem Reap
- 25 May 2024
Australia's Agribusiness Asian Group (AAG) plans to process agricultural waste from its corn crop (corn stover) into biomass to store carbon for 1,000 years. This initiative is part of the inauguration of a 1,000-hectare crop farm in Siem Reap Province. The decision was made during a meeting between Mr. Prak David, Secretary of State of the Ministry of Agriculture, and an Australian delegation on ...
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La Arng Spean Prehistoric Site to Become New Tourist Attraction in Battambang
- 23 May 2024
Plans to transform the ancient La Arng Spean prehistoric site in Battambang province into a new tourist destination are underway, aiming to highlight the site's historical significance dating back over 70,000 years. This development was announced by the Ministry of Tourism in collaboration with the Battambang Provincial Department of Tourism on 20 May 2024. Mr. Ham Arun, Deputy Director of the ...
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Artisan Angkor Silks Aims to Expand Khmer Silk Production with 15-Hectare Mulberry Plantation
- 20 May 2024
Siem Reap-based Artisan Angkor Company is embarking on an ambitious project to bolster Khmer silk production. The company representatives met with Lok Chumteav Im Rachana, Undersecretary of State of the Ministry of Agriculture, Forestry and Fisheries, to discuss plans for a new 15-hectare mulberry tree plantation, on 18 May 2024. This initiative signifies a commitment to expanding domestic silk p...
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Asian Countries Do business with China, Lose More Than Profit, but Still Cannot Leave China
- 19 May 2024
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia's trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while simultaneously importing more from the economic gian...
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