Economy and Finance
Evergrande Bondholders Dismiss Plan to Delay US$671M Payment
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was […]
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Century Entertainment Looking to Launch Cambodian Table Gaming Business in September
Hong Kong-listed Century Entertainment International Holdings Ltd says it hopes to launch operations of its gaming table business at a new casino in Dara Sakor, Cambodia, by late September following a series of setbacks. Announcing its financial results for the year ending 31 March 2022 – which saw revenue plummet 72.5% to HK$200,000 (US$25,500) but […]
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Walmart to Raise Orders of Cambodian Products
US retail company Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying other products, Anbinh Phan, Director of Global Government Affairs at Walmart, recently told HE Ith Samheng, Cambodian Minister of Labour and Vocational Training, in a virtual meeting. The two sides discussed the purchase […]
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Road Construction Company Preparing to Request Additional funding Amid Rising Petrol Prices
The global petrol price hike could push road construction companies to claim increased budgets as the construction process is hit by the rising prices. The remarks were made by HE Sun Chanthol, Senior Minister, Minister of Public Works and Transport, during an inspection of the construction of National Road No. 48 on 23 June. “When […]
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Residential property price index remains stable in 2021 despite amid Covid-19 crisis
The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces. Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic. […]
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Cambodian Private Commercial Center in Atsugi of Japan officially inaugurated
The Cambodian Private Commercial Center, which serves business affairs between Cambodia and Japan located in Atsugi, Kanagawa Prefecture of Japan, has been officially inaugurated on 18 June 2022. Ambassador Extraordinary and Plenipotentiary of the Kingdom of Cambodia to Japan, HE Tuy Ry said the establishment of this Cambodian Private Commercial Center is a new achievement […]
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Nestlé Switzerland Wants to Invest in Cambodia
Nestlé Switzerland has expressed its intention to seek more investment opportunities in Cambodia, especially in setting up a factory in Cambodia that sees significant uses for Nestlé products. At the invitation of Nestlé Switzerland, HE Pan Sorasak, Minister of Commerce, led a delegation from the Ministry of Commerce on 16 June to visit Nestlé Switzerland, […]
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Cambodia’s Economy Projected to Grow by 6.6% in 2023
The Cambodian economy is predicted to achieve a growth rate of around 6.6% due to the expected continuation of the positive trend of global demand and investment confidence, while the COVID-19 crisis in the country is under control. The government set the forecast for Cambodia’s economic growth in 2023 in the draft law on financial […]
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Construction & Real Estate Sectors Expected to Continue Growth in 2023
The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated […]
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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value
The Online Business Registration platform registered a total of 14,676 business applications, with a total investment of US$4,670 million in the capital in the two-year period since its launch. According to a press release from the Ministry of Economy and Finance, business applications in the construction sector accounted for 21.6% or about US$1 billion of […]
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