Search found 18 matches
- Sat Apr 09, 2022 12:39 pm
- Forum: Cambodia News
- Topic: Explainer – Can foreigners buy property in Cambodia?
- Replies: 2
- Views: 3040
Explainer – Can foreigners buy property in Cambodia?
If you have decided to settle in Cambodia buying property is not only a logical step, but potentially a sound financial investment. What though are the rules for foreigners buying property in Cambodia? Read more: https://cambodiainvestmentreview.com/2022/04/07/explainer-can-foreigners-buy-property-i...
- Sun Mar 13, 2022 2:44 pm
- Forum: Cambodia News
- Topic: Explainer: Retiring in Cambodia
- Replies: 9
- Views: 3274
Explainer: Retiring in Cambodia
Cambodia regularly ranks as one of the best places in not only Asia, but in the world to retire to. What is it though that makes Cambodia such a desirable location and how do you go about investing in your retirement needs? Read more at Cambodia Investment Review: https://cambodiainvestmentreview.co...
- Thu Feb 17, 2022 12:50 pm
- Forum: Cambodia News
- Topic: ABA Bank earns record profit of $212M in 2021
- Replies: 0
- Views: 2485
ABA Bank earns record profit of $212M in 2021
ABA Bank has posted a record after tax profit of $212 million for 2021, an increase of 40% compared to $151 million 2020 with strong deposit growth and digital banking infrastructure also revealing it has $710 million in restructured loans. Read more: https://cambodiainvestmentreview.com/2022/02/17/...
- Wed Sep 22, 2021 3:27 pm
- Forum: Cambodia News
- Topic: High vaccination rates in Cambodia underline potential for strong economic rebound in 2022: ADB
- Replies: 0
- Views: 4028
High vaccination rates in Cambodia underline potential for strong economic rebound in 2022: ADB
Asian Development Bank has forecast 5.5% growth in 2022 after downgrading this year’s forecast to 1.9% – down from 4.0% in its April outlook. Inflation was forecast to remain relatively stable this year at 2.9%. Read more: https://cambodiainvestmentreview.com/2021/09/22/high-vaccination-rates-in-cam...
- Mon Sep 06, 2021 10:37 am
- Forum: Cambodia News
- Topic: Big C plans rapid expansion as first Phnom Penh store launched
- Replies: 6
- Views: 3988
Big C plans rapid expansion as first Phnom Penh store launched
Thailand-based grocery and general merchandising retailer – Big C – will embark on a rapid expansion over the next five years planning to open 350 stores across the country and creating thousands of local jobs. Read more: https://cambodiainvestmentreview.com/2021/09/05/bigc-opens-in-phnom-penh-rapid...
- Tue Aug 24, 2021 12:02 pm
- Forum: Cambodia News
- Topic: Stakeholders remain silent on the reason for Cambodia’s first 7-Eleven launch delay
- Replies: 10
- Views: 4449
Stakeholders remain silent on the reason for Cambodia’s first 7-Eleven launch delay
7-Eleven has failed to open its first Cambodian store after publicizing a June opening this year. Cambodia Investment Review contacted multiple sources ranging from the Thai Embassy, Cambodian Ministry of Commerce, and franchise holder CP ALL (Cambodia) but was not provided with a reason for the del...
- Sun Aug 22, 2021 8:06 am
- Forum: Cambodia News
- Topic: KB Financial Group completes acquisition of PRASAC paying $322M for remaining 30%
- Replies: 1
- Views: 3203
KB Financial Group completes acquisition of PRASAC paying $322M for remaining 30%
South Korean listed KB Financial Group (KRX: 105560) has fully acquired Cambodia’s largest microfinance institution PRASAC Microfinance paying $322 million for the remaining 30% of the company. The group had already purchased 70% of the company for $603.4 million last year from Sri Lankan-based non-...
- Thu Aug 19, 2021 7:55 am
- Forum: Cambodia News
- Topic: ABA posts $45M in Q2 net profit, reveals it holds $700M+ in ‘restructured lending’
- Replies: 0
- Views: 3136
ABA posts $45M in Q2 net profit, reveals it holds $700M+ in ‘restructured lending’
ABA Bank – a subsidiary of the National Bank of Canada has posted a $45 million net profit – rising 39% from Q2 2020. The Bank’s customer base in the second quarter grew by another 10% and the number of ABA customers’ accounts reached 1.7 million. Read more: https://cambodiainvestmentreview.com/2021...
- Wed Aug 18, 2021 1:10 pm
- Forum: Cambodia News
- Topic: COVID hits Naga Corp shares dropping 50% in six months, labor groups push back against mass layoffs
- Replies: 0
- Views: 3337
COVID hits Naga Corp shares dropping 50% in six months, labor groups push back against mass layoffs
Hong Kong exchange-listed Naga Corp (SHKE: 3918) the company behind Phnom Penh’s exclusive casino operator Naga World’s share price has fallen from HKD 10.96 in February to HKD 5.51 in daily trade (-49%). In response, the company has made redundant over 1,300 staff as COVID travel restrictions sever...
- Tue Aug 10, 2021 6:40 am
- Forum: Cambodia News
- Topic: US Senate to debate ‘Magnitsky style’ legislation for Cambodian officials as bilateral trade surges
- Replies: 6
- Views: 3686
US Senate to debate ‘Magnitsky style’ legislation for Cambodian officials as bilateral trade surges
The US Senate will reintroduce legislation that would enable sanctions to be used to freeze assets of senior Cambodian officials who “undermine democracy, engage in corruption, or otherwise violate human rights”, according to a statement released by three leading US senators. Read more: https://camb...
- Sun Aug 08, 2021 3:07 pm
- Forum: Cambodia News
- Topic: ACLEDA Bank continues to post record gains earning $81M in half-yearly net profit
- Replies: 1
- Views: 3156
ACLEDA Bank continues to post record gains earning $81M in half-yearly net profit
ACLEDA Bank Plc, the only bank trading equities on the Cambodia Securities Exchange (CSX) posted a record first half-yearly profit of $81 million, an increase of 27.4% compared to the same six-month period last year. The bank stated the increase was mainly due to an increase in net interest income o...
- Thu Aug 05, 2021 9:49 am
- Forum: Cambodia News
- Topic: Circle-K downsizes retail footprint as business model forced to adapt during pandemic
- Replies: 3
- Views: 3553
Circle-K downsizes retail footprint as business model forced to adapt during pandemic
US convenience store Circle K has vacated several stores around Phnom Penh as the COVID pandemic forces the company towards a virtual delivery business model. Multiple stores operated by the master franchisee TH Group have now been stripped and are now on the market for lease. Read more: https://cam...
- Tue Aug 03, 2021 8:51 pm
- Forum: Cambodia News
- Topic: Business community aims for ‘V-shaped recovery’ after COVID vaccinations as GDP growth downgraded to 2.5% for 2021
- Replies: 11
- Views: 4266
Business community aims for ‘V-shaped recovery’ after COVID vaccinations as GDP growth downgraded to 2.5% for 2021
Cambodia’s international business community remain ‘bullish’ on the local economy despite the recent GDP growth downgrade citing an ultra-fast vaccination drive and multiple bilateral and multilateral trade agreements to be implemented next year. Read more: https://cambodiainvestmentreview.com/2021/...
- Mon Aug 02, 2021 11:19 am
- Forum: Cambodia News
- Topic: COVID debt relief measures keep bad bank loans at 2.4% as outstanding loans hit record $33.3B
- Replies: 12
- Views: 4495
Re: COVID debt relief measures keep bad bank loans at 2.4% as outstanding loans hit record $33.3B
Read the article mate - it is explains the reason (you are right though restructuring has bee excluded from these metrics under NBC circular).