The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012.
VMC Real Estate chairman Dith Channa said land prices increase because the quality of the real estate on offer has improved, although land prices along Monivong, Norodom, Mao Tse Tung and Russian Federation Boulevards have always been healthy. …
Prime Minister Hun Sen, in his capacity as the 2012 ASEAN chair, has called for investors within the ASEAN member states as well as around the globe to invest in Cambodia in various sectors, particularly agriculture, food processing and manufacturing.
The premier made the appeal on Saturday during the second day of the ASEAN Business and Investment Summits in Phnom Penh, in which more than 900 business people, ASEAN delegates and economists participated. …
The government has made “remarkable development progress” in successfully guiding the country through the global financial crash of 2008, ensuring economic stability and enabling the government to meet the Cambodian Millennium Development Goal on poverty reduction, Prime Minister Hun Sen said yesterday.
Speaking at the launch of the 2011 midterm review on the implementation of the National Strategic Development Plan 2009-2013—prepared by the Ministry of Planning and paid for by UNDP and Unicef—Mr. Hun Sen praised progress made by the government in a number of areas, while also noting room for improvement. …
Kate Bartlett, P. 22
Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector.
Outstanding loans at the end of March hit US$4.6 billion, according to data from the National Bank of Cambodia.
The banks held $5.19 billion in deposits.
“We have economic stability pushing more business activities, so the demand for loans is very high,” Ngoun Sokha said…
May Kunmakara, P. 7
Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the Asian Development Bank (ADB). The strategy is said to improve accessibility to financial markets and reduce poverty.
(By May Kunmakara, pg. 7)