Despite the national and global economic downturn fuelled by the ongoing health emergency, Phnom Penh’s condominium projects remain on track to finish on schedule, according to real estate agency CBRE Cambodia. The capital’s property sector added five condominium projects comprising…

CAMBODIA has suspended all white rice and padi exports starting April 5 to secure domestic supplies during the Covid-19 pandemic. Prime Minister Hun Sen said the measure was a preventive strategy that was important during an emergency, as Covid-19 was…

The Asian Development Bank (ABD) has slashed Cambodia’s 2020 gross domestic product (GDP) growth to 2.3 per cent from its initial 6.8 per cent forecast due to the slowdown in major economies and China and reduced access to export markets….

Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). The approved projects include the production of clothing, travel goods, household…

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. Cambodia is also set to suffer the worst economic impacts caused by…

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax…

A Japanese firm has been conducting a study on investment possibility in raising Tilapia – a freshwater fish species in Cambodia, according to JICA. The information was shared by JICA representative in Cambodia in a meeting with Veng Sakhon, Minister…

A group of Japanese investors are Kingdom-bound later this year, with the aim of exploring business opportunities to further add to their country’s existing portfolio of businesses. Figures released for 2019 from the Council for the Development of Cambodia (CDC),…

The National Bank of Cambodia has launched many initiatives to boost and circulate more riels – but with US dollars making up more than 80 percent of the economy, the question remains whether investors will retain confident in a de-dollarised…

Last year saw the addition of 3,838 units to the condominium supply, bringing the total number in Phnom Penh to 18,008, research firm CBRE said. The condo supply last year grew by 27 per cent with the completion of 11…