While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership (TPP), which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing a rival multilateral free trade agreement that puts China and ASEAN in leading roles.
Five years since it launched operations, the Cambodia Securities Exchange (CSX) continues to struggle to attract investors while trading activity remains low. The Post’s Hor Kimsay sat down with Lamun Soleil, director of market operations at the CSX, to discuss what is holding back the exchange’s development as well as some of the ideas posited for boosting its growth.
When condo units are priced from $3,000 to $3,500 per square metre, it is at least twice as much as an ordinary Cambodian’s annual income.
An industry analyst has issued a dire forecast for Cambodia’s rice sector, claiming the long-grain “white gold” that has been credited with lifting millions of Cambodia’s farmers out of abject poverty, and which seems a natural fit for the Kingdom’s agrarian workforce, is on a downward trajectory.
Japan’s investment in Cambodia continues to grow and its investors are playing a leading role in developing and diversifying the Kingdom’s light industrial sector. The Post’s Hor Kimsay sat down with Yasuhara Hiroto, head of the Japan Desk at the Council for the Development of Cambodia (CDC), to discuss what is drawing Japanese investors to Cambodia, and where they are directing their capital.
Despite growing property concerns in Cambodia, some real estate experts are remaining optimistic in the face of recent downbeat commentary.
“My monthly salary is $200. I save $50 per month to buy a $70,000 flat. I’ll have to save for 117 years. Yes, I can have a flat in 117 years.”
The Ministry of Economy and Finance (MEF) has stepped up its communication with the Kingdom’s real estate executives in the wake of growing concern around excess supply of condominiums and sluggish demand, when compared to 2015
As the British pound is reduced to a 31-year low after Britain voted to exit EU, Asian investors are looking to scoop some UK property bargains, but the capital isn’t expected to directly land in Cambodia.
The World Bank has officially revised the status of Cambodia’s economy, moving it up a rung from the low-income bracket into lower-middle income territory – a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over the coming years.