Property News Round-up March 14th , 2022

15 March 2022 | Posted in News

We’re delighted to share the weekly news highlights below.

  1. Asian markets fall and oil extends rally

Asian markets fell further March 8, oil prices rallied again and nickel surged to above $100,000 as investors try to assess the impact of the Russia-Ukraine conflict on the world economy. As the conflict continues, commodity prices have been sent to record multi-year highs, forcing observers to re-evaluate their outlook for the global recovery with some now warning of a period of soaring inflation and low growth or recession.

March 09, 2022 | Phnom Penh Post | Link:


  1. CSX-listed securities firms to link own trade platforms

The Cambodia Securities Exchange (CSX) has announced plans for all market-listed securities firms to connect their own trading platforms to a synchronised market from next year, in a bid to improve integration of technological infrastructure and maintain international competitiveness.

March 09, 2022 | Phnom Penh Post | Link:


  1. Nine out of 10 Thais use cashless transactions, Cambodia registers 64 percent in similar category

Nearly nine in 10 Thais are now using some form of cashless payment in their daily lives, according to the latest Visa Consumer Payment Attitudes study. Among those who have been making the switch, 43% said they lasted for more than a week without using cash, the global payments company said.

March 09, 2022 | Khmer Times | Link:


  1. Use riel more to promote national currency, says NBC Deputy Governor

In a bid to promote the currency of Cambodia, the entrepreneurs and people, especially workers, can use riel more widely, said Dr Chea Serey, Deputy Governor and Technical Director General of the National Bank of Cambodia.

March 09, 2022 | Khmer Times | Link:


  1. Kingdom exports to US surge around 46% in January

The US remains the top country for the Kingdom’s total exports, thanks to the trade preference

schemes – Generalised System of Preference (GSP) and the Most-Favoured Nation status, which allows for discounts on imports. Bilateral trade topped $875.5 million, a year-on-year increase of 42.4 percent.

March 10, 2022 | Khmer Times | Link:


  1. City Hall to transform Stueng Meanchey into a model livable community

Phnom Penh Capital Administration plans to re-organize, build, and upgrade public infrastructure in Stung Meanchey area aiming to transform the community into a model organized livable community.

March 10, 2022 | Construction Property | Link:


  1. Local firm uses AI-driven research and analyses to modernize Cambodia real estate sector

A local firm Z1 Data Co., Ltd has unveiled its version to use AI-driven research and data analysis in modernizing and boosting the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman.

March 10, 2022 | Construction Property | Link:


  1. Hun Sen approves capital gains tax deferral until 2024

The government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT).

March 11, 2022 | Phnom Penh Post | Link:


  1. Eco-tourism investment project proposals in Bokor Mountain evaluated

The Ministry of Environment has evaluated 16 projects of small-scale ecotourism investment proposals, covering about ten hectares each, located in the Preah Monivong Bokor National Park.

March 11, 2022 | Phnom Penh Post | Link:




  1. Piling work of Naga 3 over 50%; Main buildings construction set to begin in 2023

NagaCorp has confirmed that it will continue the construction of Naga 3 in Phnom Penh as planned despite the halt of Naga Vladivostok in Russia. According to its recent announcement, NagaCorp had halted construction of the US$238-million Naga Vladivostok gaming and resort development complex in Russia and shifted its focus to Naga 3 in Cambodia.

March 11, 2022 | Construction Property | Link:


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