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ខ្មែរ Business and Market
Cambodia, China Signs MOU to Export Edible-Nest Swiftlets to China
- 31 October 2022
The Cambodian Ministry of Commerce and the Cambodian Business Center in Xiamen, China, are working together to promote the export of Cambodian edible-nest swiftlets to China. Both parties are also planning to establish an edible-nest swiftlet processing plant in Cambodia as well. (Read more) HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary of State for the Ministry of Co...
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
- 27 October 2022
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. The proposal had been drawn up by the Interior Ministry in May with the aim of pulling in foreign in...
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Toyota Urges Cambodia to Reduce Tariffs on Imported Hybrid Cars
- 13 October 2022
Toyota has urged the Cambodian government to reduce tariffs on imported hybrid vehicles to help Cambodia achieve its carbon neutrality target by 2050, according to a meeting between the Minister of Public Works and Transport HE Sun Chanthol and the representative of Toyota on 11 October. Mr Ryoji Fujita, CEO of Toyota (Cambodia), said his proposal aims at encouraging Cambodians to use more hybr...
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Five Investment Projects Worth US$29.2m Approved for Svay Rieng, Takeo and PP
- 12 October 2022
The Council for the Development of Cambodia (CDC) has issued registration certificates for five investment projects with a total capital of US$29.2m to establish five factories in Svay Rieng, Takeo, and Phnom Penh. These private companies include: The first firm is "GORGEOUS LIGHTS CO., LTD", which will invest US$8.1m to establish a factory to produce lamps, lamps, and lamp accessories, loca...
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Buy Now or Later? CBRE: Bigger Condo Units Gain More Favour from Investors
- 11 October 2022
As condo prices in Cambodia continue to drop, some investors are looking to deploy their capital in this sector, mainly on larger units. According to a recent CBRE report, larger units have gained favor with investors. With prices decreasing, investors have become more interested in larger unit types instead of studio and one-bedroom units. However, the most important question that keeps inv...
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Global Investors Eye Investments in ASEAN to Diversify Risk; Cambodia to Gain Benefit
- 6 October 2022
Southeast Asia saw foreign direct investment surge by 42% in 2021, and that trend has continued this year, with some countries seeing record levels of FDI, according to the ASEAN Investment Report 2022. One of the reasons for the FDI surge is that a majority of investors are looking to spread their risk by diversifying their production bases. The Association of Southeast Asian Nations – ASEA...
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Chip Mong Bank Opens New Branch at Chip Mong Mega Mall 271
- 5 October 2022
The new Chip Mong Bank's 271 Mega Mall branch was officially inaugurated on the morning of October 5, 2022, at the Chip Mong 271 Mega Mall. The inauguration of this new branch is part of our efforts to bring Chip Mong Bank's services and products closer to its customers at all times with the highest level of luxury, professionalism, and innovation. In 2022, Chip Mong Bank inaugurated and ope...
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Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
- 4 October 2022
China's financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of actions implemented by the Chinese government to help ...
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Industry partners use ORNL software to trim carbon footprint of buildings
- 30 September 2022
Two years after the U.S. Department of Energy’s Oak Ridge National Laboratory provided a model of nearly every building in America, commercial partners are using the tool for tasks ranging from designing energy-efficient buildings and cities to linking energy efficiency to real estate value and risk. International companies like Google and SmithGroup are sharing the benefits by making the resultin...
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China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
- 29 September 2022
China's investment property investment dropped by 7.4% y-o-y in the first eight months of 2022, a further decrease of 1% in the first seven months, reported Xinhua. According to the National Bureau of Statistics (NBS) report, the total property investment in this period was 9.08 trillion yuan (US$1.31 trillion). Investment in residential buildings shares were at 6.89 trillion yuan, down 6.9%...
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