Despite the mass exodus of expats and foreigners causing a blip in Cambodia’s otherwise strong rental sector, realty businesses are forecasting a positive bounce back in 2021. Sales manager at Asian Condo Brokers, Leigh Ratcliffe, says Cambodia as a whole is still a popular place for foreign investment despite the pandemic. “Phnom Penh especially appeals […]
Read MoreRents for serviced apartments in Phnom Penh had tumbled nearly 20 per cent year-on-year by the end of last year as the number of foreigners working and investing in the Kingdom dwindles amid Covid-19 concerns, a new real estate study found. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm […]
Read MoreThe value of trade exchange between Cambodia and other ASEAN member states dramatically skyrocketed last year, hitting $11.330 billion even with flight and border restrictions in full force amid the Covid-19 pandemic. With neighbouring Thailand and Vietnam accounting for the largest slice of the trade pie, 2020’s total trade value figure marks a 22.42 per […]
Read MoreBeleaguered Preah Sihanouk province will receive a major boost in terms of commercial development, post-COVID tourism, housing and employment following approval of the construction of a new city. Surbana Jurong’s sustainable development master plan to develop the 834 hectare Ream City” has been approved by Canopy Sands Development, a member of Prince Holding Group. The […]
Read MoreWith five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet checkpoints. Sopheavatey Sorn, director of logistics at the Ministry of Public Works and Transport, […]
Read MoreThe Kingdom’s exporters have expressed deepening concerns about spiralling shipping costs, which could diminish this year’s trade figures if prolonged. Cambodia Rice Federation (CRF) vice-president Chan Sokheang told The Post on February 8 that while the cost of transporting goods to international markets has risen steadily since the Covid-19 outbreak, it has gained significant momentum […]
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