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ខ្មែរ Property Focus
Three Catalysts for Potential Growth of Asian Stocks in H2 2023
- 2 September 2023
As the global stock market maintains a "neutral" stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, according to Schroders’...
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India Donates Over US$400K to Clear More Than 1 Million Square Metres of Landmines in Koh Kong
- 1 September 2023
In a generous display of solidarity, the Government of the Republic of India has extended a helping hand to Cambodia, offering crucial assistance amounting to US$426,709 for demining efforts across four districts in Koh Kong province. The commitment was enshrined during the signing ceremony of a Memorandum of Understanding (MoU) for the "All Mine Village Project in Koh Kong Province" on 31 August ...
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US grants US$450,000 to continue conservation of Phnom Bakheng temple
- 31 August 2023
The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of this Memorandum of Understanding is a continuation of the ne...
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Kampong Cham Province Achieves Landmark: Over 720k Land Plots Registered, Reaching 80% Milestone
- 29 August 2023
The Kampong Cham Provincial Authority has achieved a significant milestone by successfully registering an impressive 723,588 land titles. This substantial accomplishment translates to a remarkable 80% coverage of the estimated 924,421 plots of land within Kampong Cham province. The diligent efforts and systematic approach embarked upon since October 2003 have paved the way for this commendable fea...
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E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
- 28 August 2023
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first quarter of 2024. With an ambitious vision, the company is steadfastly cha...
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New Minister of Tourism Unveils Three Bold Strategies to Attract 6.4 Million Global Visitors by 2025
- 28 August 2023
A triad of strategic pillars is set to propel the nation towards its tourism zenith. The unveiling of these strategies marks a resolute stride towards welcoming 6.4 million international tourists and embracing 16.7 million national tourists by the year 2025. The confluence of ambition, strategy, and unity was revealed in a landmark meeting graced by HE Senior Minister Thong Khon and HE Minister So...
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
- 24 August 2023
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor confidence in the...
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Gov’t Unveils Kampot Kep Salt Community Flourishing with Over 4,000 Hectares
- 23 August 2023
In a resolute step towards fostering sustainable production, diversification, and conservation, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has unveiled a visionary blueprint through Prakas No. 195 MISTI / 2023, dated 16 August 2023. This landmark legislation is poised to breathe new life into the salt production landscape of Kampot and Kep, orchestrating the establishmen...
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
- 22 August 2023
Amidst the labyrinthine landscape of China's property market, a distressing trend is emerging, encapsulated by the term 'zombification'. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament ripplin...
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Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
- 21 August 2023
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply has been expanding by an annual average...
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