How interest rate cuts affect mortgage rates and borrowers

Central Banks around the world have been lowering their interest rates as one of the monetary policy responses to the economic slowdown caused by the COVID-19 pandemic. The Federal Reserve, or FED, of the United States, for instance, has recently cut the rate to almost 0%. The same applies to the Bank of England, the Reserve Bank of Australia, and Malaysia’s Central Bank, who have cut their rate t...

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CBRE: EBA withdrawal may harm industrial estates, retail, and property loans

The withdrawal of EBA trade privileges from Cambodia, which is expected to take place by August, may pose risks to the kingdom's real estate sectors especially on industrial estates, in the retail sector, and for borrowing on residential real estate, according to the prediction of CBRE Cambodia. Based on the viewpoint report released by CBRE Cambodia in February, the EBA withdrawal will possibl...

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All Eyes on Russian Boulevard

By Eric Wong Chon Lap A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares – these are all the right ingredients to make Russian Boulevard among the most sought-after locations for commercial and residential developments in Phnom Penh. It’s attr...

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Interview: Understandings of Cambodia foreign debt and its contribution to economic development

<div class="youtube"> https://www.youtube.com/watch?v=SLJ-TPPb0LA&t=28s </div> 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. How will Cambodia handle the foreign debt? Let's find out the issue in this video. Subscribe t...

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Cambodia must address challenges to benefit from digital economy

With the rapid development of the digitised society, Cambodia still needs to improve in a number of areas to gain benefit from the digital economy, according to a recent World Bank report. The report concludes that Cambodia still needs to address four challenges before absorbing the diverse benefits available from a digital economy. According to World Bank report, the first factor is that Cambo...

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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 projects valued at more than US...

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Belt and Road Initiative book to enhance China – Cambodia friendship

The 11 October launch of the book ‘Belt and Road Initiative (BRI) and Its Implications for Cambodia's Development’ is intended to enhance the friendship between China and Cambodia. Speaking at the launch event, Zuo Wenxing, a political counsellor of the Chinese embassy to Cambodia admired the group of scholars for making the book a reality. “We believe this book will become a new window for ...

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Ban on online gambling shrinks real estate activities in Sihanouvkille, but opportunity arises

The recent ban by the Cambodian government on online gambling has caused many Chinese nationals to leave the busy city of Sihanoukville with real estate activities affected as a result. However, experts remain optimistic that this change will create new opportunity for the industry. Speaking at the real estate market review held on 11 October, Mr James Hodge, Director of CBRE Cambodia said that...

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ADB: Well-organised transport networks and affordable housing stimulate economic growth

Strengthening the efficiency of transport networks and reasonably-priced housing are a major contributors to keeping the economic engine firing on all in cylinders in Cambodia as well as in other Asia countries. Ear Sophal, an associate professor of diplomacy and world affairs at Occidental College in Los Angeles said being stuck in a traffic jam is never anyone’s desire. “People don't want ...

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New regulations force Thai developers to resell projects

Many developers in Thailand are beginning to place their residential projects up for resale after some customers have been unable to complete payments due to the restrictions in the new loan-to-value (LTV) regulations. According to a survey conducted in The Nation and reported in late September, some projects that were already sold to customers are now being put on sale again because the buyers...

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