本地新闻


  • Cambodia begins to expand its airbase

    Phnom Penh: Sihanoukville Air Force Base has begun to extend its runoff and allow the aircraft to land. The larger planes and 10 million passengers a year can be obtained. Airports chief of Cambodia, Pich Sophea Dara, said by phone on February 13, That the expansion of the Gangwon Airport has begun, and the airport will extend the 1,000-meter runway This plane receives more and more passengers The plane was larger. After the expansion, the airport has the capacity and length of the same route as the current Phnom Penh International Airport The airport is the same size as the Siem Reap International Airport.   "After this stretch of the road is expanded, we will prepare to build a continuous passenger building to allow this airport Is capable of carrying 10 million passengers a year. " "There are 11 airline companies that are currently stationed at the airport, which is not yet available," he said. Including charter flights. " However, he did not elaborate on the size of the investment capital on the expansion of the runway and the cost of building passenger shipments. In the future. Pich Sophea Dara said that if there were no changes, the planned expansion of the airport would end. Later this year. Cambodia's Prime Minister Samdech Techo Hun Sen recently said Sihanoukville's Corridor Airport will be Expands to get more passengers as government targets increase Cambodia's air travel to 30 million By 2030. At the same time, Tianjing Union Development Group has also started building another international airport in Botum Sakor district of the province. Koh Kong also. President of Cambodia Association of Travel Agents, Chhay Sivling, said that after the expansion, the airport was more attractive because It's bigger than ever, getting bigger planes and getting more confidence with the system easier to get Comfortable and comfortable for both national and international guests Statistics. "Sihanoukville has become more attractive from year to year, so it is important now that we have What attracted them apart from the coast. "The province of Preah Vihear is fast growing, but the slow development of the province currently lacks the human resources, the hospitality service is still there. The restaurant level has not improved. " "Besides the beautiful beaches, we have to have more processing resorts because tourists not only want to visit Sandy beach and take pictures. " ............................................   February 18, 2019 Resource: Koh Santepheap More information about Cambodia please scene WECHAT code below    ...

    发布 26 February, 2019

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  • Experts point out the key to investing in real estate

    Phnom Penh: Economic expert and consultant of Emerging Markets Consulting Mr. Nget Chou, who is well-known in the media and trained pole teacher. The idea of ​​doing business has identified 5 key points that make investors invest in real estate. Market status. Nget Zhou wrote in his own social network on February 15 that if you want to be successful in real estate business Investors must have: 1- Long-term vision: Many investors lack long-term vision of investment flaws. Often, they often have a long-term financial crisis or a small profit. On the other hand, investors with a visionary view of the development of infrastructure, population growth and urban expansion. Often, they do not spend big capital, they can also get high profits and low risks. That is, they are patient, ready to benefit from future development. For example, in 2014, I invested in the Phnom Prasat area for more than $ 10 per square meter so far, ranging from 140 to $ 200 per 1 square meter. 2- There is a relatively large investment size: The size of the investment should start from 5 to 10 hectares for better project design Attracts and ensures high competitive prices. 3- The investment should be strategic: specific and loyal to the market, investors can jump into the market when it is over. Buy when prices go up. In stark contrast, real investors are loyal to the market, which does not shrink and trigger investment when the market is quiet and cheap. 4 - Project development in accordance with customer needs: Customer needs are complicated. Successful investors listen to and understand the needs, aspirations, financials and conditions that customers want. 5. Build a reputation and confidence: Whether investing in any sector or doing anything, rich can succeed big and long. If you have not built up your reputation and your social trust. For example, the owner of Borey New World has a reputation for excellence and great success. Customers can deposit even if the house has not appeared. ................................................... February 18, 2019 Resource: Koh Santepheap More information about Cambodia please scene WECHAT code below ...

    发布 18 February, 2019

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  • Plumbing activities on National Road 2 start to shake

    Phnom Penh: After the project of renovating and expanding National Road No. 2 has been announced by the head of the Royal Government and will soon be inaugurated. Land clearing activities along the road started to rise sharply.  According to real estate experts, the price of land along the road will continue to rise because current momentum is still low. While development projects are gradually shifting to the area.  The first international real estate expert in Cambodia and head of Century 21 Fortuna Investment, Vay Virak, said that the lottery sales activity This is because developers see opportunities through development projects of major companies or government projects, along with land prices in In the area, it seems that the price is still low.  "In general, when a good infrastructure project is planned, the price of land will rise to a level and when the project Starting the construction of land prices, it will rise again.Moreover, once the infrastructure is ready, the value of the real estate will be increased.According to experiences I have encountered such as on National Roads 6, 5 and National Road No 4, ".  Similarly, the country director of CBRE Cambodia, Ms. An Sothyana, said in late January that the land price of The national road No. 2 currently depends on the type of land and area, but from the area of ​​Takhmao to Prek Ho, land prices have increased. Between $ 1,000 and $ 2,000 per square meter It does not get much better than 2018.  She said that the price of land in the area by way of a 60-meter intersection increased from $ 100 to $ 300 per m Tackle up to the 20th Street at the roundworm, double over the previous two years due to factors As many of the suburban residential areas are easy to get into town Other trade.  She said that since the rice circle around Kandal Stung district, the price of land along the road was not high but was worth it. Between $ 80 and $ 100 per square meter. Mr. Seng Seap, CEO of Key Real Estate Co., Ltd. Said that along National Road 2 had once and for a while planned to build the airport and road construction project. However, this road still has the potential of a factory economy and connects to Kampot and Sihanoukville. Sihanoukville, as far as the Vietnamese border.  "The price of the land in the area increased by 2 to 3 times only on the ground around the rice circle, increasing from about 100 To $ 250 per square meter because it is a new development zone. "When the land needs to be developed, the demand for the land will also increase the land price." This National Road 2 will be restarted and expanded soon as it is the main economic road. Cambodia, connecting to National Road 1, National Road 3 and especially connecting 60-meter roads and 20th Street to the city Easy to travel and spend less time.  The plan to renovate and expand National Road No. 2 while a spokesman for the Ministry of Public Works and Transport has confirmed that it is currently in the area. During the auction, two auction firms were awarded bids.  "After the company has been contracted and the ministry leaves for a month, and the next time the company needs it," said Vim Sim Saroea. Open a workstation. " "This road project is limited to four orbits (two to two) out of the black line or from the road," he said. 60 meters to the roundabout and two orbits from the roundabout to the roundabout of Takeo. ...................................   Publish: February 11, 2019 Resource: Koh Santepheap More information of Cambodia please scene Wechat code below         ...

    发布 14 February, 2019

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  • Phnom Penh-Siem Reap may have a high-speed road ahead

    Phnom Penh: Minister of Public Works and Transport Sun Chanthol said that two private companies have been studying for construction. A new highway or highway from Phnom Penh to Siem Reap. Although no reports have been received from the companies yet, the reporters said after signing a memorandum of understanding Understanding on the Rehabilitation of the National Road No.5 Central (Cats, Moms - Battambang and Serei Saopho-Poom On January 28, Senior Sun Sun, Thon also appealed to all private sectors that intend to invest highway from Phnom Penh to Siem Reap to contact the Ministry of Public Works and Transportation, while two private companies are studying but no reports have been sent to the ministry yet."I would like to request a private company that wants to invest in high speed roads from Phnom Penh to Siem Reap," he said. In 4 orbit of the Ministry of Commerce Welcome, but we have two companies are studying new road from Phnom Penh to Siem Reap, expanding into 4 orbit is a BOT investment but the company does not Send a report and discuss it with the ministry. " "Now, the government has expanded from two orbits to four orbits from Phnom Penh to Skun, but from Skun to Siem Reap," he said. 200km, there are only two orbits, and we do not have plans to expand from two or four orbits. " Build multiple highways that connect to important economic poles, such as Mount - Preah Sihanouk province, Bavet City and Phnom Penh-Siem Reap continue to Poipet, Banteay Meanchey Province. Meanwhile, the highway project from Phnom Penh to Sihanoukville, as planned, will start construction soon as the plant and Chinese officials have arrived in Cambodia. Senior adviser to Supreme National Economic Council, Dr. Mey Kalyan, said the infrastructure construction. Is a must to accelerate Boosts Cambodia's economy because infrastructure is a major challenge in developing the Cambodian economy, especially our costly transportation issues. The most expensive compared to other ASEAN countries. "The government has been paying attention to this, but building long-term infrastructure will not be possible," he said In one month or one year. " ......................................... January 21, 2019 Resource: Koh Santepheap More information about Cambodia please scene to WECHAT code below ...

    发布 30 January, 2019

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  • Royal Field Development tower begins construction

    The $150 million multi-purpose tower, which is a joint venture between a local company and a well-known US hotel chain, began construction on Monday and is set to open in 2022. The currently unnamed 45-storey tower, which includes the three-star hotel Fairfield by Marriott Phnom Penh, is located on Russian Boulevard, next to the 7 Makara flyover. It is a joint venture between the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, and the US’ Marriott International Inc. Royal Field Development chairman Leang Khun said the partnership with the international hotel chain is a trend happening in line with the robust growth of the economy and tourism sector. “The construction of the international and mixed-commercial building and Fairfield by Marriott Phnom Penh will make a significant contribution to Cambodia’s commercial and tourism needs,” he said. ‘Collaboration will improve’ Chip Mong Group Hotels and Hospitality division senior vice-president Simon Dell said the reason why Royal Fields Development chose Marriott International as a partner was that it is an internationally renowned company. “We believe that the collaboration will improve without seeing any risks,” Dell said. The first five storeys of the tower will host offices and cinemas, while floors 15 to 45 will serve as the hotel Fairfield by Marriott Phnom Penh. Karl Hudson, Area Vice President for Cambodia, Thailand, Vietnam and Myanmar for Marriott International Inc, said Fairfield by Marriott Phnom Penh will focus on middle-class clients. “The hotel will help fill the gap in mid-price accommodation in Cambodia,” he said. Marriott is an international standard hotel that was established nearly 90 years ago and has been operating a host of hotels in over 110 countries worldwide. Cambodia Association of Travel Agents president Chhay Sivlin said the increasing number of tourists and arrivals at international hotels indicates confidence in the Kingdom and its prosperity. “It is also a message to international investors about the opportunity to come and invest. As a player in the tourism sector, I really want more of such investments from international companies,” she said. However, Sivlin said that along with the growing presence of such international companies, Cambodia should also strengthen its human resource development to of better quality. ........................................ Publication date 15 January 2019 Resource: The Phnom Penh Post More information about Cambodia please scene WECHAT code below  ...

    发布 25 January, 2019

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  • Land along National Road 5 starts to rise

    Phnom Penh: While the Royal Government is expanding National Road 5 into four orbits for easy transport and Business activities, land along the national road, from Prek Kdam to Poipet, are gradually increasing and increasing. There is a strong trading activity.According to officials from the Ministry of Public Works and Transport. Director of the Department of Transportation of Ministry of Public Works and Transportation, Mr. Chhum Phalla, said by phone on January 16, 2019, Indeed, the land on the road has already risen since 2011, but the price is different depending on Each region, such as Battambang, Pursat, and Kompong Thom provinces Kampong Chhnang, and other valuable and usually costs fungus. However, he did not specify how much land at each site was worth. Chhim Phalla added that people living along the National Road 5 are benefiting from the sale of their land. He and other business as well. The expansion of the route is to link the ASEAN-Haidia crossing the Thai-Cambodian border, and the Royal Government of Cambodia, funded by the Japanese government. Is accelerating the construction and expansion of the road. Moreover, the Royal Government of Cambodia is also addressing some of the remaining impacts to the people living along the road, but not much. No. Japanese Ambassador to Cambodia Horinouchi Hidehisa recently spoke through a video on the embassy's social networking site. Japanese government in Cambodia, stressing that the Japanese government rehabilitates the section of the National Road from the Prek Kdam to Poipet, 368.7 km long, and Ask the Cambodian people to increase their attention Walk on National Road 5. "The repair of National Road 5 will be increased from the current situation, with only two orbits to four," said the ambassador. Orbiting a total of 368.7 kilometers from Poipet to Prek Kdam. " The expansion of this national road is part of the National Road No.5 Improvement Project funded by the Japanese government. To the Royal Government of Cambodia for the repair of National Road No. 5 through the Japan International Cooperation Agency (JICA). The construction will be completed in 2022. Ambassador Ambassadors also asked Cambodians to travel on National Road No. 5, to understand the prudence and to increase their awareness. Pay attention to the traffic signs for all safety travel. ..................................... January 21, 2019 Resource: Koh Santepheap More information about Cambodia please scene WECHAT code below  ...

    发布 22 January, 2019

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  • Chinese investors want to make high-speed trains in Phnom Penh - Kampot

    Kampot Province: While the coastal provinces are getting a lot of attention from foreign investors, especially those from China, there are now delegates Chinese investor expresses keen interest in Kampot by showing investment projects for high-speed trains in Phnom Penh - Kampot using Solar power. According to the Facebook account, the route of Kampot Provincial Court administration said that on Saturday, January 12, 2019, With the Governor of the Kampot provincial governor board, Chinese investors were allowed to meet and discuss high-speed rail projects in Phnom Penh-Kampot. Kampot Provincial Court Hall. Photo from the Kampot Provincial Administration On that occasion, the governor welcomed delegates and expressed the great potential of Kampot, especially natural resources, natural minerals, mountainous systems, and waterways. Roads, railways, ports are geographically connected to Sihanoukville and Vietnam, which are environmentally friendly favorable to investment. The source said that the representative of Chinese investors expressed interest in the features of Kampot province and plans to invest in the train. High speed Phnom Penh - Kampot using solar. In response, Cheat Savay, governor of Kampot Province, expressed his support for the company's investment plans and asked the company Conduct preliminary studies on the study of the site and the number of railways to be the basis of future discussion meetings. ..................................................... January 13, 2019 Resource: Koh Santepheap More information of Cambodia please scene WECHAT code below    ...

    发布 16 January, 2019

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  • The government is planning to install 5G internet at Angkor site

    Phnom Penh: The Royal Government, through the Ministry of Post and Telecommunication, plans to provide wireless Internet access 5th generation technology at Siem Reap Angkor Resort.  In a meeting to discuss the project on wireless network on January 11, Minister of Posts and Telecommunications Telecom, Tram Ivet, said that to provide high speed internet and other online services Local and International Tourists in Angkor Resort, Siem Reap Province The government plans to build protein in wireless internet technology 5th generation (5G WiFi).  The minister said that the 5G WiFi system is capable of speeds of up to 20 gigabytes One second has a higher capacity than the 4th generation technology 500 times (within 20 km per square meter connected 1 million Device) and the connection speed is 1 millisecond. The project is part of strengthening and expanding national infrastructure to promote the provision of services provided by the Royal Government of Cambodia through digital commerce. Digicom and Digital Economy, which will contribute to improving people's living conditions and improving their living standards. To achieve a high-income country In 2030.  The minister added that installing the 5G WiFi device would not hurt the beauty of the device. The environment does not have any extra excavation or construction in the area.  Under the cooperation with the Korea Telecommunication Corporation (KT) of the Republic of Korea, the Korean side is assisting the Korean Ministry of Posts and Telecommunications. Providing grant assistance on Public Wifi and Digital Connectivity for School projects to be installed at five locations, two of which are Phnom Penh Samdech Hun Sen Park and Garden In front of the Royal Palace, Kampong Chhnang two are Hun Sen Kampong Luang High School, Kompong Lork District and Hun Sen Toul High School, Teuk Phos District and 1 High School IvVa Kong, Kong Pisey District, Kampong Speu Province.  Ho Vandy, an adviser to the Cambodian Association of Travel Agents and a director of the travel agency World Express Tours & Travel, said earlier that WiFi service provided Public access to the Internet is an addition and encouragement from the Royal Government to the private and public sectors. Not only that, it also benefits tourists to find information as well as connect to the whole world.  "The launch of this service is a further incentive from the public to the private sector, and the public has Also beneficial. Another important point is that the public service helps tourists, meaning they are easy to find when They come to a place where they can find another place to be found and connect with the rest of the world. " ......................................   January 15, 2019 Resource: Koh Santepheap More information please kindly scence WECHAT Code below                                                                                                       ...

    发布 15 January, 2019

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  • 柬埔寨暹粒省“新国际机场”建设开始动工啦!

    近期,柬埔寨民航国务秘书处高官透露,目前,位于暹粒省速尼贡县达亚乡的新暹粒省国际机场建设项目的一些基础设施已经开始动工兴建,但该座大型机场的整个工程的正式开工典礼将于2020年举行。 柬民航国务秘书处国务秘书谢温透露,新暹粒省国际机场项目位置于暹粒省速尼贡县,距暹粒市旧机场约50公里,占地面积约700公顷。迄今为止,新暹粒省国际机场周围大道的工程工作即将竣工,而整个机场建设项目计划在2020年正式动工。 谢温国务秘书表示,为了承接大型飞机降落和容纳更多国际游客,柬埔寨计划兴建新金边国际机场和暹粒国际机场,以及扩建西哈努克国际机场。但暹粒国际机场项目将会率先实行。 据了解,云投集团于2016年10月在金边与柬总理府签署《柬埔寨暹粒吴哥国际机场项目BOT(建设-运营-移交)协议》。机场项目建设期加运营期共55年(建设期预计3至5年),运营期结束后将项目移交给柬埔寨政府。项目一期总投资约9亿美元。暹粒吴哥国际机场规划距吴哥窟40公里,距暹粒市区51公里。 ...

    发布 12 January, 2019

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  • East-facing construction of the building is expanding

    Phnom Penh: Buildings in Phnom Penh have been spreading dramatically by domestic and foreign investors who have invested Overhead projects, building and housing projects to meet demand. As noted, the east bank of the Mekong River in the eastern Chroy Changvar region has also been developing gradually. According to real estate experts in Cambodia, there is potential in the capital city of Phnom Penh only for different potentialities. Looking east of Phnom Penh today is observed that some companies have been constructing Condominiums and skyscrapers for continuous supply. Duke Pung Kheav Se, President of Cambodian Builders Association, said the construction sector still has potential for investment investors, in which Phnom Penh remains There is a wide range of construction projects, although the other two provinces, Siem Reap and Sihanoukville, are moving. Okhna continued: "Investors can still come to invest in Cambodia and we believe that in the coming years, Construction still plays an important role in boosting Cambodia's growth. " Meanwhile, as a builder, he will try to attract and welcome investors from all directions. Invest in the country to promote more developed Cambodia. However, the World Bank's Senior Country Economist for Cambodia, Ly Sethet, said that in the construction and real estate sectors, The high caution because of the cycle of crisis is approaching. "All stakeholders need to be more cautious and prevent the industry from falling too quickly To the whole of Cambodia's economic growth. " He said that over the past 10 years, since the real estate sector has shrunk, as well as the economic crisis, there has never been a real estate sector in Cambodia. No problem, there is a gradual momentum, but in this world, there is no country that has grown forever. There is always a slight downward momentum, just a momentum of upward revolutions The lower the two. Similarly, Cambodia needs to be careful about this point, to prevent too much momentum to keep pace with economic growth. Lasting. ....................................... December 31, 2018 Resource : Koh Santepheap More information please scance WECHAT code below ...

    发布 09 January, 2019

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  • The highway construction machinery will arrive at the end of this month

    Phnom Penh: Senior officials of the Ministry of Public Works and Transport confirmed that currently, Chinese companies in charge of building Phnom Penh-Sihanoukville Highway Will ship machinery to Cambodia by the end of January.  The Director General of Technical Affairs of the Ministry of Public Works and Transportation, Mr. Nou Vathanak, said by telephone on March 4 and that the machinery The construction of the highway will be delivered to Cambodia by the end of January, with equipment worth about $ 100 million America.  He added that nearly 200 Chinese experts have now arrived in Cambodia and the construction of a terminal and office for accommodation. Will begin construction soon.  "At the same time, the Royal Government has been speeding up the resolution of the impact on people who own land in the area. This is a bit complicated. " "When the construction site starts, I do not know yet but it does not take long," he said.  Ministry of Public Works and Transport spokesman Var Sorya said recently that the speed limit Phnom Penh - Sihanouk will leave the O'DM area of ​​the intersection between Kis Srov and Oswek Right hand of National Road 4. He said that from Phnom Penh, the road would be on the right side along National Highway No. 4, about 30 kilometers to the road. From left to right, until the forest of Prey Nub, it turns to the right hand side until Sihanouk Ville. "The road is 190 km long and costs $ 1.900 million, with a construction period of 4 years. And this road will have a closed fence on both sides so there will not be any traffic disruption. "  Vim Sorya said the expressway, called Express Way, would be 24 meters wide, with two vehicles capable of driving two Allways, there are parks in the middle, from Phnom Penh to Sihanoukville.  Dr. Mey Kalyan, president of the Council for Development Studies, said earlier that infrastructure issues were a challenge in developing Cambodia's economy, but the government In the last few years, the government has developed a number of policies and invested in infrastructure to boost national growth. The government, which is in the right direction. However, he asked for an accelerated investment in infrastructure to reduce the cost of transportation .  "It is essential to build infrastructure to push the Cambodian economy to a new stage because if it wants to Cambodia has grown and moved to a new level, Cambodia needs to invest in more infrastructure, "he said. .................................. Publish date : January 7, 2019 Resource : koh Santepheap Media More information about cambodia please scene wechat code below       ...

    发布 08 January, 2019

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  • 近日,柬政府重申:皇宫前广场“禁喂鸽子”,违者罚款!

    柬埔寨是现在世界上少有的几个还保留有王室和皇宫的国家之一。柬埔寨的皇宫就位于首都金边的市区。既是现任国王的居住地同时也是一个著名的旅游景点,是来金边旅游的首选目的地。 无论是短暂停留或者长期在柬生活,大皇宫都是必不可少的景点之一。 成群的鸽子聚集在此,也成为了柬埔寨皇宫的一道独特风景。 之前,很多游客都会特意购买食物投喂鸽子,这也使得人们可以更近距离的欣赏它们。 但柬政府发布了禁令:禁止在柬王宫前喂养鸽子,否则将受到与在公共场所乱丢垃圾一样的罚款。 近日,柬埔寨政府重申这一条禁令。 近期有位柬妇女携带小孩在王宫前玩乐时喂鸽子,此举使得该妇女被罚2万柬瑞尔(约5美金)。 同一时间,柬埔寨隆边区政府在其官方脸书发布消息解释道,上述妇女被罚是有法所依的。 因为柬法律有明文规定,在王宫前喂鸽子与在公共场合乱丢垃圾同罪,同时应缴纳相应的罚款。 该消息还说,有关法律规定,在公共场所或政府规定不能乱丢垃圾的地点乱丢垃圾,将会被罚款2万柬埔寨瑞尔(约5美金)。 消息强调,如果乱丢垃圾的民众不肯悔改,当局将会进一步采取法律途径进行严惩。 除了禁止喂鸽子外,皇宫还有这些禁忌,大家到皇宫旅游的时候还是要多加注意一下!   一、禁飞无人机 根据柬埔寨政府颁发的禁令,柬埔寨皇宫属于无人机禁飞区域,禁止在该区域范围内使用无人机。若有紧急情况需使用遥控飞行器(无人机)的话,必须先向金边市政府申请。若违反上述规定,将受到严厉的处罚! 二、禁止宠物在皇宫前大小便、禁止携带宠物入内 三、禁止戴帽子、禁背背游客大背包 四、禁止穿无袖、短衣短裤、女士禁穿短裙,应着长衣长裤 五、禁止携带枪支及管制刀具皇宫 ...

    发布 06 January, 2019

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  • 2018年112万中国人到吴哥窟游览

    据吴哥机构1月4日发布的最新数据报告,2018年共有259万零815人次的外国游客购买吴哥窟门票,其中中国人达112万3597人次,占外国游客总人次的43.37%,同比增长23.46%。 据数据统计,2018年共有194个国家的游客购买吴哥窟门票。中国人最多,达112万3597人次,占外国游客总人次的43.37%,同比增长23.46%;韩国人第二多,共18万4395人次(占7.12%,同比下降25.21%);美国第三,共16万6974人次(占6.44%,同增7.44%);英国13万8972人次(占5.18%,同比下降3.44%);日本12万4550人次(占4.63%,同比下降3.6%)。 2018年全年共有259万零815人次外国游客购买吴哥窟门票,比2017年增长5.45%。2018年吴哥窟门票全年创收1亿1664万6685美元,同比增长8.03%。 吴哥机构表示,每售出1张门票,就向坤塔帕花儿童医院基金会捐助2美元,用以救助柬埔寨儿童生命,2018年全年,吴哥机构已向该基金会捐助518万1630美元。 值得一提,2017年,245万7023名国际游客购买吴哥窟门票,创收1亿零797万6439美元。...

    发布 05 January, 2019

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  • Cambodian national bank predicts 7% growth for 2019

    Cambodia's economy is predicted to remain resilient and maintain a high growth rate this year in the face of challenges posed by the global economy, according to a National Bank of Cambodia (NBC) press release. The NBC press release stated that it expects the economy to grow by seven per cent this year, while monetary risks remain manageable given Cambodia’s low 2.6 per cent inflation rate. In addition, exchange rates remain stable at 4,050 riel to the US dollar and international currency reserves sit at $11.3 billion, enough to guarantee five months of imports. “Credit in the Cambodian banking sector is expected to accelerate to 17.1 per cent [this year] and financial inclusion will continuously grow, boosting economic activity and reducing the poverty rate,” the NBC release said. Risks from the external sector – the proportion of the Cambodian economy that interacts with foreign markets – will remain low as the global economy strengthened and world trade picked up. The current trade war between the US and China could force investment relocation, but the NBC projects that this could attract more investment in the manufacturing and agriculture sectors as the Kingdom can access many key markets duty-free. However, the NBC expressed concern over the higher costs of Cambodian financial institutions borrowing funds from abroad, as developed countries – especially the US – have a high benchmark interest rate which will pull capital back to these countries. “If this happens [Cambodian financial institutions borrowing funds from abroad], it will lower capital inflow to developing countries like Cambodia as it’s only available at a higher interest rate,” the NBC said. Cambodia’s biggest export market, the EU, warned last October that the Kingdom could lose its Everything But Arms (EBA) import preferences with the world’s largest trading bloc after allegations that democratic freedoms have receded. The EU’s warning, the NBC says, is a risk factor impacting the Kingdom’s economic growth. Acleda Bank Plc president and group managing director In Channy said Cambodia’s economy has diversified beyond textiles to electronics, vehicle spare parts and the service sector. He said these changes have led to stronger confidence in Cambodia’s economic growth forecast. According to Channy, the Kingdom has a good monetary policy in place, which has supported a stable average annual economic growth rate of 7.6 per cent over the past two decades. He said inflation had remained stable as a result of a steady exchange rate over the past decade. “Cambodia’s sovereign credit rating got upgraded by one mark due to stable economic growth. The upgrade will bring more confidence for investors in both debt and equity investment in Cambodia’s market,” he said. He said the NBC has put in place all necessary regulations to safeguard the financial sector, with banks and financial institutions required to strictly comply with safeguards intended to mitigate sectoral risk. Prasac Microfinance Institution Ltd senior vice-president Say Sony said the Cambodian microfinance sector is expected to maintain its healthy growth this year in line with the projected seven per cent GDP. He said Prasac’s credit growth alone is expected to reach 20 per cent this year. While the possibility of an EBA withdrawal and a decreased ability to borrow funds from abroad remain risky, Sony said any impact this will have on the Cambodian microfinance sector will be manageable as operators have prior experience with economic slowdowns, as well as the 2008 Asian financial crisis. “Existing lenders have been committed to renewing and ready to disburse new loans to us since last year. Our depositors are especially happy to entrust their money to us because of high returns and [consumer] confidence,” he said. ....................................... Publication date 04 January 2019 Resource : The Phnom Penh Post More information please scence WECHAT ID code below  ...

    发布 04 January, 2019

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  • Chinese investors to provide property boost in 2019

    While investment capital in Cambodia’s construction sector showed a nearly 20 per cent decline last year compared to 2017, a group of industry insiders are optimistic that the sector will recover this year, boosted by an inflow of Chinese tourists and investors. Chailin Sear Realty Co Ltd CEO Chailin Sear said the sector is now reaching a new chapter with the influx of Chinese people, which is providing impetus to Cambodia’s real estate sector to grow virtually nationwide. Preah Sihanouk province is currently experiencing high growth and this is expected to impact other coastal provinces, especially Kampot. “The increase in Chinese will make Cambodia’s real estate prices more robust,” he said, adding that despite Cambodia’s real estate sector currently lagging behind neighbouring countries, it will see strong growth for the next four to five years. Last year, the Kingdom approved a total of 2,867 projects valued at more than $5.22 billion, down 18.66 per cent from $6.42 billion in 2017, according to the 2018 Ministry of Land Management, Urban Planning and Construction annual report. Khmer Foundation Appraisals president and CEO Noun Rithy said economic and tourism growth, particularly Chinese tourists and investors, will “make the real estate market more positive” in the Kingdom this year. Demand and property prices will continue to increase, especially in coastal areas and border areas, he added, saying the sector may see a 15 to 20 per cent increase in the capital and coastal provinces. However, Key Real Estate Co Ltd director Sorn Seap believed the sector was more likely to see an increase of just five to 10 per cent this year, both in Phnom Penh and Siem Reap province. “For coastal provinces, land prices already reached their peak last year, so we cannot predict if it will grow to the same extent,” he said. Ni Pengfei With the real estate and construction sector boom, the central government collected nearly $100 million in revenue last year. While the ministry’s report showed that it also collected more than $97.6 million in revenue from the sector last year, an increase from $93 million in 2017. Ann Sothida, director of CBRE Cambodia – which provides rental services, office building management and commercial centres – also expressed optimism for the market. “The increase in new companies and the slight increase in office and commercial space supply will make prices rise slightly. Overall, the market will remain healthy,” she said. .................................... Publication date 03 January 2019  Resource : The Phnom Peng Post More information about cambodia please scence WECHAT code below  ...

    发布 03 January, 2019

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