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ខ្មែរ Business and Market
Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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Construction materials import value up by 20% in first 8 months of 2021
- 12 October 2021
During the first eight months of 2021, the import value of all goods to Cambodia (except gold) was recorded at US$14.6 billion, an increase of 26.7% compared to the same period last year, while the construction materials import value also jumped by 23.7% y-o-y. According to a report from the Ministry of Economy and Finance, the rise in the total import value was due to the increase in imports o...
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NagaWorld Reopens for COVID-19 Vaccinated Guests
- 11 October 2021
NagaWorld Casino has reopened to COVID-19 vaccinated guests. The reopening comes after the giant casino in central Phnom Penh temporarily closed in April due to the February 20 Community Incident. NagaCorp said its subsidiary NagaWorld reopened on 15 September with permission from Cambodia’s Ministry of Health. With the service resuming, NagaWorld has set up a gaming venue, restaurant and ho...
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Taiwan to Assist in Modernising Cambodia’s Construction Sector Through Latest Innovations
- 9 October 2021
Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, has unveiled plans to enter Cambodia’s construction market through its renowned Wow! Taiwan campaign. This large-scale marketing program intends to help connect Taiwanese businesses to local ones, as well as to assist in bringing products, technologies, and innovative services ...
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Taiwanese Firms Seek Distribution Partners for Innovative Construction Products in Cambodia
- 4 October 2021
Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, is seeking business partners in Cambodia to import and distribute a wide range of high-quality innovative construction products and services from Taiwan to Cambodia. Seeking business partners and distributors in Cambodia is part of Wow! Taiwan, a CDRI overseas marketing campaig...
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Impacts of China’s Evergrande Crisis on Cambodia’s Property Market
- 2 October 2021
Since one of China’s largest property developers Evergrande Group is facing a financial crisis, many analysts have been calculating the impacts not only within China itself but also other foreign countries dependent on Chinese investment. Cambodia is among those whose property market is largely reliant on Chinese investment. Will the Evergrande incident burst the property bubble in Cambodia? ...
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MPWT Requests the US to Provide Technical Support & Invest More in Infrastructure Sector
- 1 October 2021
The Minister of Public Works and Transport HE Sun Chanthol has requested the United States to assist in three major areas to help enhance the infrastructure sector in Cambodia. The proposal was made during a meeting between HE Sun Chanthol and US Ambassador to Cambodia HE Patrick Murphy on 29 September. HE Sun Chanthol urged US companies to invest more in the field of infrastructure. Besides, ...
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New Boutique Shopping Mall to Rise in the Heart of Phnom Penh by Mid-2022
- 30 September 2021
The second phase of Lucky Pavilion Mall located along Sihanouk Blvd in BKK1, Phnom Penh’s prime downtown district, is currently under development and scheduled for completion and operation by mid-2022. The developer Lucky Mall Co., Ltd. said the second phase, which includes a landmark glass façade, is being implemented after the construction was successfully completed on the first phase and is ...
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World Bank, IMF forecast Cambodia’s 2021economic growth at 2.2%, approx. 4-5% for 2022
- 29 September 2021
The World Bank (WB) and the International Monetary Fund (IMF) have recently lowered Cambodia's economic growth forecast in 2021 to only 2.2% but predicted that the rate will rebound to 4.5 to 5% in 2022. According to a World Bank report, the 2.2% is the drop from a 4% forecast in April 2021 due to the fact that the country is suffering from a new wave of Delta variant. The lower growth is al...
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