Time Schedule for Visit of Angkor Temples from January 2016

5 November 2015

The Authority for the Protection and Management of Angkor and the Region of Siem Reap (APSARA) has set a time schedule for the visit of tourists in the Angkor Archeological Park. The Angkor Wat and Srah Srang Temples are opened from 5:00 to 17:30, Phnom Bakheng and Pre Rup Temples from 5:00 to 19:00 while other temples from 07:30 to 17:30.

Source:

http://thecambodiaherald.com/cambodia/time-schedule-for-visit-of-angkor-temples-from-january-2016-9056

PPSEZ sweetens its IPO plan

5 November 2015

The book-build and upcoming listing of the capital’s port operator has taken some of the wind out of the sails of the IPO plans Phnom Penh Special Economic Zone (PPSEZ), but the industrial park operator has charted a new course and sweetened its dividend policy to entice potential investors.

Source:

http://www.phnompenhpost.com/business/ppsez-sweetens-its-ipo-plan

Condo boom in Cambodia's capital driven by expat demand and a leap of faith

3 November 2015

High-rise apartments are springing up across Cambodia's capital, part of a property boom led by expat demand, while developers are also betting the country's growing middle class will shed a traditional distaste for "living on top of each other". Prime residential land prices in the capital jumped 14.1% in the first half of this year, the biggest rise among 13 Asian cities in a Knight Frank research report.

Source:

http://www.reuters.com/article/2015/11/02/cambodia-condominiums-idUSL3N12N3UL20151102

Financial tool tweaked to sharpen interbank market

3 November 2015

Cambodia’s central bank has decreased the minimum-investment threshold on negotiable certificates of deposit (NCDs) and will no longer offer term-deposit accounts in an effort to kick start the sputtering interbank lending market. Current interest rates on riel-denominated and dollar-denominated NCDs with six-month maturities stand at 1.8% and 0.4%, respectively.

Source:

http://www.phnompenhpost.com/business/financial-tool-tweaked-sharpen-interbank-market

Central Bank Moves to Spark Interbank Lending

2 November 2015

The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interbank lending in the Kingdom’s crowded financial industry. The minimum value of riel-denominated NCDs was lowered from 2 billion to 200 million riel, while the minimum value of US dollar NCD’s was lowered from $500,000 to $50,000. The central bank also said that as of yesterday it will stop offering term-deposit accounts.

Source:

http://www.khmertimeskh.com/news/17371/central-bank-moves-to-spark-interbank-lending/

City Bus Service to Connect to Provinces

2 November 2015

Phnom Penh Municipality has anticipated the connection of city bus service to other provinces across Cambodia. The city bus has enabled comfort, safety and saving for Phnom Penh dwellers and reduced existing traffic issue. As of now, there are 57 city buses being used in Phnom Penh. With intention to assist the sector, the Government of Japan agreed to provide 130 buses and China, 100 buses to Cambodia shortly.

Source:

http://www.akp.gov.kh/?p=71232

Prince Finance launches in Cambodia

2 November 2015

After receiving a licence from the National Bank of Cambodia in August, the microfinance institution Prince Finance has started its business to cater to the financial needs of local and foreign customers.

Source:

http://www.phnompenhpost.com/business/prince-finance-launches-cambodia