Category: Market info

In China's mid-Autumn Festival holiday this year, the housing market is still flat. Houses sales in September and October, China real estate's most important sales season,  may not be good as expected.  Housing prices in some regions return to rationality. People are not rushing to buy homes in big cities today. The real estate industry has made some special promotions, such as discount or reducing price, to get cash, and the housing market has gradually entered the buyer's market. During September, 18 builders supplied more than 9,000 homes, but less than 40% sold successfully. In the first half of this year, the weighted average net debt ratio of 170 builders had increased to 92.56%, an increase of 4.04% from the beginning of the year. 60% of firms ' net debt…

McKinsey, the international consulting firm, recently released a report that Cambodia is one of the few "recent winners" in emerging economies. In the 71 surveyed emerging economies, East and South-East Asia are  the best performing regions in the world, with 7 "long-term winners" (China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea and Thailand) and 4 "recent winners" (Cambodia, Laos, Burma and Viet Nam), which form the largest economic sector, Accounts for 47% of GDP in emerging global economies. Among them, Cambodia is one of the "recent winners". Cambodia has 5 of the 8 key indicators, including the domestic savings rate, government efficiency, innovation Index, export and Unicom index, among others. The report also points out that the countries such as Cambodia are still in the process of development and continue to…

With the trade tension between the United States and China intensifying, Goldman Sachs sees the possibility of the US eventually imposing tariffs on all imports from China. The US absorbed more than $500 billion worth of Chinese goods in 2017, while China took in US goods worth only $130 billion. This imbalance has irked the US President Donald Trump who is now looking to correct it. Hence, Goldman Sachs feels the probability of the US subjecting all Chinese goods to tariffs has risen by 60 percent. Once scale of the trade war expanded,  price increasing of products will push inflation growth. “The effects on inflation are clearer: The measures announced to date look set to push up US core inflation by around 0.1 pp, and about twice if the next round…

The asean+3 macroeconomic (AMRO) predicts that Cambodia's economic growth rate could reach 7.2% this year, compared with previous forecasts by international organizations and the Cambodian Central bank. Amro, an organization of the overall economic assessment of the region, recently published its report on Cambodia. According to the report, Cambodia's economic expansion this year will be underpinned by the sound development of the construction industry. Amro said Cambodia's international foreign exchange reserves would amount to $10 billion, enough to cover 6 months of imports. Junhong Chang, director of Amro in Cambodia, said in a meeting with Shehendu, president of the Central Bank of Cambodia, that political stability is the cornerstone of social and economic development and sustainable economic growth. To sustain this growth, he suggested that Cambodia accelerate structural reforms, prioritize…

The first CRS financial information exchange was conducted in China on September 1. Since the global financial strategic cooperation, the CRS itself has set off a small storm. In fact, in the globalization, overseas property, global asset allocation and overseas tax management based on investment immigration have become an inevitable trend, high net worth people need to take full account of the CRS impact on wealth, family, and make arrangements as early as possible. What is CRS? CRS (Common Reporting Standard), which is a common reporting guideline, is based on one of the contents of the automatic exchange of tax information for financial accounts (i.e. AEOI standards) issued by the Organisation for Economic Co-operation and Development (OECD) in July 2014. The tax system, which aims to combat cross-border tax evasion…

Last year, Chinese companies officially put into operation in Vietnam's largest solar module factory. (Xinhua News Agency) The Turkish lira crash was only a matter of weeks ago. According to "Tencent Technology" reports, even Vietnam has high debt and high inflation. As long as the market is turbulent, the whole economy may be faltering. It has been reported that four of "glass five countries" in the economic, including Argentina, Turkey, Brazil, Indonesia, and India,  have had to follow the US Federal Reserve to raise interest rates. If Vietnam is added, it will become a true "glass six countries." "Tencent Technology" pointed out that the current global financial market is in the process of attracting capital competition. The problem is that the US interest rate hike has caused the US dollar…

According to the report of the Ministry of Commerce of the People's Republic of China, in the first half of this year, a total of 4,535 new companies, trade offices and foreign branches were registered with the Ministry of Commerce of Cambodia, an increase of 107.3% compared with 2,190 companies in the same period last year. In the first half of this year, there were 1,205 registered enterprises with sole proprietorships, an increase of 152.09% compared with 478 in the same period last year. The number of registered companies, trade offices and foreign branches was 4,315, an increase of 29.11% compared with 3,342 in the same period last year. The Minister of Commerce of Cambodia stated that increase in the registration of new companies was mainly due to the open…

Although cash is still the mainstream in Cambodia, the development of “digital transactions” and “mobile payments” have provided huge opportunities for financial technology companies to provide services to companies without banking account and change the financial environment in Cambodia. In developing Southeast Asian countries, Cambodia's mobile phone usage rate and connectivity are high, but bank penetration is low, so the mobile payment market has great potential. 96% of Cambodians have one mobile phone, and the total number of mobile phones used exceeds 10 million. According to 2017 digital report of We are Social, Cambodia's mobile connection ratio is 173%, which is the highest in Southeast Asia, exceeding the regional average of -133%, and even surpassing Singapore's 142%. Since only 5% of Cambodians have bank accounts, financial technology companies have a…

Cambodia government plans to build 4th ring road in Phnom Penh to ease traffic. Following the construction of the third ring road, the government is currently studying the construction of the fourth ring road project. 为进一步解决金边交通堵塞问题，柬埔寨政府正拟建金边第四条环城路。 据公共工程与运输部发言人旺盛苏利亚透露，继第三条环城路即将动工兴建后，政府目前正在研究兴建第四条环城路项目。 旺盛苏利亚指出，第四条环城路已处于研究和考察阶段，目前路线还尚未确定，可能从金边新集装箱码头出发，经过白电木大桥、干拉省罗威艳县和锡干拉县。 旺盛苏利亚透露，另一个方案是从金边新码头出发，前往克岱达贵大桥直通阿雷克萨，或是可能会在见遂县兴建一座跨河桥，直到锡干拉县。 据悉，金边第三条环城路获得了中国提供2.59亿美元贷款援助，环城路从4号公路乌登（第14公里碑+105处），延伸到1号公路（第24公里碑+840），中间经过3号公路（第24公里碑+840）、2号公路（第22公里碑+800）、21号公路（第18公里碑+400）等，共建有5座汽车天桥。第三条环城路将直通到干拉省见遂县的金边自治港口新集装箱码头，动工仪式将在近期内举行。 Source: Sohu.com

Cambodia, Laos, Myanmar and Vietnam (CLMV) have the same level of development and hug development spaces as well. CLMV countries attract foreign investments because of their plenty of natural resources, young labor forces, low labor cost, and growing domestic consumer demand. Foreign investment is crucial for Cambodia because it creates jobs. Therefore, Cambodia has proposed a series of policies to attract foreign investors, such as: 1. Expanding the ownership and ownership of property (excluding land), foreign investors can lease up to 10,000 hectares of land within 50 years 2. Allow free funds transfer 3. Any company can hire skilled professionals such as engineers, scientists and financial professionals. It can be said that in the Greater Mekong Subregion, Cambodia's policy of attracting foreign investors is the most relaxed. -------------------------------------------------------------------------------------------------------------------------- 柬埔寨、老挝、缅甸和越南因其发展程度相同而往往被归为一类，依据其首字母称为“ CLMV国家”。当然，这些国家也拥有巨大的发展空间，这一点从其高速的经济增长便可窥一斑。…