Business and Market
Koh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the […]
Read More
MPWT Discusses Infrastructure Investment Opportunity with US Chamber of Commerce
Ministry of Public Works and Transport (MPWT) Minister HE Sun Chanthol met with the American Chamber of Commerce in Cambodia (AmCham) on Tuesday 15 June to discuss the potential and investment opportunities in transportation infrastructure. The meeting was attended by several AmCham members led by AmCham President and CEO of Cambodia Investment Management Anthony Galliano. […]
Read More
Total Capital Registered in New State-Run Online System at US$2.6bn, Real Estate Sector Accounts for 15%
The total number of companies registered through the new state-run online business registration platform has reached over 6,000, or equivalent to over US$2.6 billion investment value, one year after the platform’s establishment. According to the report from the Ministry of Economy and Finance’s there have been a total of 7,000 requests, 6,164 of which have […]
Read More
HLH, Hei Shi Mineral to Co-Invest US$20 million in Mineral Resource Exploration in Kampong Speu
Hong Lai Huat (HLH) Group’s wholly owned subsidiary HLH Agriculture (Cambodia) signed an MOU with Cambodia Hei Shi Mineral on 08 June to co-invest an estimated US$20 million in mineral resource exploration and mining at the Agriculture Hub in Kampong Speu, reported The Edge Singapore. According to the 10-year MoU with a renewal option, both […]
Read More
NagaCorp Confirms Lay-Offs, Pay Cuts as Proactive Measures
The operator of NagaWorld integrated resort (IR) NagaCorp has confirmed job lay-offs and pay cuts as “proactive measures” to manage the impact of the COVID-19 pandemic, given that the casino has been closed since early March, according to its report issued yesterday. “We have taken proactive measures to manage the situation. We launched a rationalisation […]
Read More
FDI Inflow for Construction & Real Estate Sectors in 2020 Decreases by 10.6%: NBC
Total FDI inflows, mainly to the financial, construction, real estate, and manufacturing sectors, were recorded at US$3.5 billion in 2020, a 1% decline. Among them, FDI to the construction and real estate sectors, which accounts for 17% share of the total FDI, decreased by 10.6%, according to the National Bank of Cambodia (NBC) Financial Stability […]
Read More
Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans […]
Read More
NBC: Credit Growth in Construction & Property Decelerates, Easing Concerns on Overheating Market
Loans to construction and real estate activities in 2020 expanded at a slower rate of only 23%, as the construction boom stalled due to the pandemic. This deceleration of credit growth has eased some concerns on the overheating property market, according to the National Bank of Cambodia (NBC)’s Financial Stability Review 2020 published on 31 […]
Read More
UK Clothing and Footwear Retailer Targets Cambodia After Cancelling Orders from Myanmar
British multinational clothing, footwear and home products retailer Next plc has said it would swiftly cancel purchase orders from Myanmar and split them to other countries including Cambodia, as it joined other EU’s retailers suspending orders from Myanmar due to the military coup. Reuters reported recently that the Next has not placed any orders from […]
Read More
HLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule […]
Read More