Cambodian News

KUALA LUMPUR (AFP) — Resource-hungry nations are snapping up huge tracts of agricultural land in poor Asian nations, in what activists say is a “land grab” that will worsen poverty and malnutrition.
Global trends including high prices for oil and commodities, the biofuels boom, and now the sweeping downturn, are spurring import-reliant countries to take action [...]

Nearly every morning over the last few weeks, owners of construction companies around Phnom Penh have gathered at their sites, looking sadly on under-constructed homes they’ve been unable to sell. These investors worry constantly over how to collect the large sums they need to pay back loans they made for real estate investment.
Experts worry that [...]

PHNOM PENH, Dec. 16 (Xinhua) — Economists said that the nearly one billion U.S. dollars in foreign aid pledged to Cambodia by donor nations last week could boost the country’s sagging real estate market as early as 2010, national media reported Tuesday.
Kang Chandararot, president of the Cambodia Institute for Development Study, [...]

One man received six months in jail and three were released on Monday when Kampot provincial court tried four villagers accused of property destruction, following a land dispute with local military.
The four were charged following a complaint brought by officials of RCAF Division 31.
The courts sentenced Nhek Chantha, 52, to six months with time served, [...]

PHNOM PENH, Nov. 26 (Xinhua) – Blaming the global financial crisis, a major South Korean developer will dramatically reduce the scale of its proposed one billion U.S. dollars 7-skyscraper complex along the Tonle Bassac River to just three buildings at half the original price, national media said on Wednesday.
Ground was broken in June for the [...]

A young Cambodian couple smile for David Kim, the South Korean photographer, as he takes their wedding pictures.
Last November Mr Kim moved with his wife to Phnom Penh, the Cambodian capital, using the proceeds from the sale of his photo shop in Seoul to open Luk Studio. The business has made “a really good start” [...]

Cambodia is in talks with several Asian and Middle Eastern governments to receive as much as $3bn in agricultural investment in return for millions of hectares in land concessions, according to a senior government official.
Some of the deals would be finalised “in coming months”, said Suos Yara, under-secretary of state responsible for economic co-operation.
The revelation [...]

Property prices in Cambodia’s once-booming real estate market haven fallen by as much as 20 percent since June, a real estate expert said Monday.
The global financial crisis, the Thai-Cambodia border standoff and loan restrictions set out by commercial banks were all contributing to a fall in prices, said Sung Bonna, president of the National Valuers [...]

PHNOM PENH, Oct. 10 (Xinhua) — Cambodia’s real estate boom maybe coming to an end, with the global financial meltdown threatening foreign investment, national media reported Friday.
“Our property markets are closely connected with the stock markets in South Korea and other Asian countries. If these markets fall, we are affected,” Kang Chandararot, the head of [...]

PHNOM PENH: Cambodia’s burgeoning economy brought casino operator NagaCorp 25.5 million dollars in profit in the first half of the year, a company report obtained by media revealed Wednesday. The profit signalled a rise of 26.9 per cent on a year earlier.
“Our operations continued to benefit from the political stability and economic development of [...]