Business and Market
Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure
Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company’s revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The […]
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Regional Commercial Real Estate Investment Begins to Recover in H1
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June […]
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Meridian International Holding Appoints CBRE Cambodia as Sales Agent for Flatiron Project
Meridian International Holding signed an agreement with CBRE Cambodia on Tuesday, appointing the international real estate service provider as their sole agent in the kingdom for sales and leasing at ‘Flatiron by Meridian’, an award-winning, mixed use project located within the Phnom Penh City Centre development zone. The agreement was signed by Meridian International Holding […]
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Forbes Reveals Five Key Real Estate Tech Tools Industry Professionals Should Explore
As the world is moving toward digitalisation, real estate industrial players must also keep themselves in trend, or otherwise will lose competitiveness. Forbes has recommended five new tech tools that real estate professionals should explore: 1.Virtual Tours As the COVID-10 pandemic has prevented clients and brokers from meeting in person, this tool is a new […]
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Chip Mong Retail Continues Construction of Malls Despite COVID-19
Chip Mong Retail continues to maintain good progress on the construction of its four malls, which have a combined investment value of US$500 million, despite the worsening COVID-19 situation. Mr Arnaud Dufresne, President of Chip Mong Retail, explained the key reasons behind the commitment in the investment saying that, “Chip Mong has been a leader […]
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Chip Mong Tiles Earns High Confidence in Quality from Customers
Advertorial: Chip Mong Tiles by Chip Mong Industries have been gaining popularity in the market as more and more users are turning to Chip Mong Tiles thanks to their high quality. The owner of Chray Sokun Construction Material Distribution Depot Mr Long Thearos, who has been distributing Chip Mong Tiles for three years, confirmed that […]
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ISI Steel to Continue Educating Market Through Flagship ‘Cambodia Construction Today’ Program
ISI Steel, a well-known steel processing and distribution company has pledged to continue sharing construction knowledge and tips to the public through its flagship “Cambodia Today Construction” online program, after receiving great support during the initial trial period. “Cambodia Construction Today” is a live video broadcast on the official Facebook page of ISI Steel and […]
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H&M to Open First Store in Cambodia in 2022
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July. The firm, however, did not disclose the specific date and location of this first store. H&M already has a large presence in the region […]
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Aeon Mall 1 Expansion Confirmed
Aeon Mall 1 on Samdech Sothearos will expand its ground floor to host at least 30 more commercial stores, according to the firm’s press release. The expansion work will increase the ground floor space to 27,000 square metres area which will bring the ground floor space to a total of 162,000 square metres. With this […]
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Thailand’s Property Developers Adopt Cryptocurrency
Some property developers in Thailand have allowed buyers to use cryptocurrency to pay for their home purchases, reflecting Thailand’s real estate market’s moves toward the digital economy. The firms taking the lead in this project include AssetWise, SC Asset Cooperation Plc, and Sansiri Plc, according to the Bangkok Post in June. The project aims to […]
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