Estatedia

ECONOMY

Cambodia could be leaving LDC in two years

PHNOM PENH: Cambodia may be able to leave the Least Developed Countries (LDCs) in 2024 if it ranks second for the third time in a triennial review conducted by the United Nations Commission on Development Policy. Least developed countries (LDCs) are low-income countries that face severe structural barriers to long-term development. They are extremely vulnerable …

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Cambodia collects nearly $1.3 billion in construction material taxes

PHNOM PENH: The Royal Government collected 321.6 billion Riels in tax on construction materials and other fees in the first half of 2022, equivalent to 6.1 percent of the total revenue of 5,259.5 billion Riels, approximate 1,294.4 million US dollars, an increase of 12 percent over the revenue collected in the first half of 2021. …

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19 islands development and a submarine cable network project coming to Sihaknoukville

PHNOM PENH: Cambodia has now received a large number of Vietnamese investors, according to Samdech Techo Hun Sen, the head of the Royal Government of Cambodia.​ Vietnam is a major market for Cambodian agricultural exports, with the two countries’ trade volume exceeding $10 billion. On August 2, 2022, Cambodian Prime Minister Samdech Techo Hun Sen …

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Local and foreign buyers can now apply for 100% mortgage via Prince Bank

PHNOM PENH: Less Solutions and Prince Real Estate, consistently provide products that result in a ‘lifestyle’ upgrade for its commercial and residential customers and have now signed a Memorandum of Understanding (MoU). The agreement will make financing available to all local and foreign buyers. They can now obtain mortgage financing of up to 100 percent …

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Singapore Investment reached $1.5 billion in H1

PHNOM PENH: Singaporean firms had invested in 127 projects in Cambodia as of June 2022, totaling approximately US $ 1.53 billion in real estate, tourism, manufacturing, infrastructure, and other sectors. This is according to a report issued by Cambodia’s Council for Development on July 26, 2022. Singapore’s Ambassador to Cambodia Teo Lay Cheng stated via …

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