CAMBODIA’S Infinity Insurance has secured the world’s largest firm in the sector, Munich Re, as a reinsurer – a move one broker described yesterday as a sign of its robust performance. Reinsurers mitigate some of the financial risk for an insurance company, essentially acting as an insurer for the firm’s policies. “The only reason billion-dollar [...]
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Market Hopes Property Law Will Boost Growth
April 19th, 2010 
admin The passage of a new law for the ownership of property by foreigners could give a boost the stagnant real estate market as well as bring in more investment, industry experts say. The much-anticipated Foreign Ownership Property law was passed by the National Assembly last week and must now move through the Senate before being [...]
Annual Conference Addresses Garment Woes
December 17th, 2009 admin Cambodia lost nearly 100 factories and 40,000 jobs last year in the wake of the global financial crisis, a government official said Monday, though some other factories have since opened and put more people to work. “The ministry noticed that from January through November 2009, garment and shoe factories, in total 93, have been closed,” [...]
Posted in Business 
Tags: Corruption, export, Garment industry, global financial crisis 
No Comments »Property Tax Confusion Stalls Market
December 12th, 2009 admin Confusion and hesitation over a new law on property taxes have shocked the country’s real estate market, which has yet to recover from the global economic downturn, financial analysts say. According to the law, passed by the National Assembly earlier this month, taxes will be levied on land, houses and buildings worth more than 100 [...]