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A wholly-owned subsidiary of real estate and agriculture firm Hong Lai Huat Group on Friday entered into an agreement with Lao Channara to acquire a plot of land in Phnom Penh for mixed-use property development for a purchase price of US$22.5 million.
Multi-stage handovers for mixed developments are common in Cambodia and Singapore, and Oxley Holdings's subsidiary adopted the process in August for its project called The Peak with regulatory permission, the property developer said in a clarification announcement filed on the Singapore Exchange website on Friday night.
The regional textile industry has come under near-term threat from the global Covid-19 outbreak, especially for key producer Cambodia.
Mainboard-listed real estate and agriculture firm Hong Lai Huat Group has inked a non-binding memorandum of understanding (MOU) with Denmark-based farm equipment supplier Skiold.
Gaming and leisure player NagaCorp has gained approval from the Cambodian authorities to reopen its casino businesses in the country, said the company, which has issued debt securities on the Singapore Exchange, in a Sunday bourse filing.
Cambodia, Myanmar, and Vietnam are among the Asian countries poised to gain most from shifts in apparel manufacturing, according to a Fitch Solutions July 13 report.
Oxley Holdings' subsidiary, Oxley Gem (Cambodia), on April 1 commenced formal legal proceedings in Singapore against its former contractor Sino Great Wall Engineering (SGW).
It wants to build 'smart' and 'liveable' cities to draw investment, talent and boost the economy, but lacks funds and coherent strategy.
Following a major drop in the first four months of 2018, Cambodia's construction sector strengthened in the first quarter of this year. Industry experts believe strong figures were driven largely by commercial projects.
A global leader in digital payments Visa Inc. said in its Cambodia's Visa Consumer Payment Attitudes report released on Thursday that the Cambodians are some of the most prepared citizens in terms of adopting cashless payments.
Cambodia is taking the Halal sector seriously as it rolled out certification for food business under strict food safety rules. 39 out of around 60 applying companies received certification following official inspections.
Cambodia is expected "to see continued robust growth, although risks are prominent", said Moody's Investors Service in a May 10 update.
In its latest regional annual report, the ASEAN+3 Macroeconomic Research Office (Amro) said it is expecting to see a slight slump among in the region including the three tech giants South Korea, Japan, and China.
Business groups in Cambodia are uniting to provide training for promising start-ups in the country in a bid to help new entrepreneurs prepare themselves for the market.
Since the very first day that the Cambodian government opened Anlong Veng, a district in Oddar Meanchey that lies on Vietnam's border, to the public, more and more tourists are getting attracted to the place.
A businessman leaves a smoky room US$1,500 poorer from a game of baccarat at a casino in Sihanoukville - an increasingly common scene in the Cambodian beach town as it becomes a honey pot for Chinese gamblers and investors at a pace that is worrying marginalised locals.
South-east Asia’s former imperial and colonial masters are now the region’s most trusted major powers, according to a new poll from Singapore’s Iseas-Yusof Ishak Institute.
Long-awaited listing lifts local firms' hopes of following suit to raise funds.
Hong Lai Huat's S$15.7 million sale of a hotel at its D'Seaview project in Sihanoukville, Cambodia has been terminated after the buyer did not make full payment.
The ruling party's pro-business stance, the nation's burgeoning middle-class consumer market and its sizeable working age population are big draws.