Phnom Penh (VNA) - Japanese-owned multinational Aeon Mall (Cambodia) Co Ltd has announced that it is breaking ground on the construction of the Aeon Mall 3 project in Phnom Penh with an investment of more than 200 million USD. The five-storey shopping mall will be located on the outskirts of the city and construction will take 27 months, the Phnom Penh Post reported. Phnom Penh Governor Khuong Sreng said at a groundbreaking ceremony that based on the 2035 Phnom Penh Land Use Master Plan, the southern part of the city has been designated as a new development area for high-rise construction and luxury satellite city projects to ensure the effective use of existing land in the city. He appreciated the progress and the decision of the company to invest in the development of shopping malls from the first project to the third project in Phnom Penh. “On behalf of the Phnom Penh administration, I support, welcome and encourage investment in all service businesses in the city. … [Read more...] about Cambodia: Work stars on Aeon Mall 3 in Phnom Penh
Tropico 5 suspend real estate tax
“In today's transient and volatile world, it is no longer possible to readily or easily forecast forward trends. It is therefore critical for any company to be flexible and agile. Businesses and leaders have to leverage on the best available technologies, such as cobots, to empower innovative applications for businesses to adjust dynamically to situations and crises, and to adapt existing infrastructures to address organisational and customers' needs,” said Jürgen von Hollen, President, Universal Robots. … [Read more...] about Cobots to grow exponentially in the very near future
As a notable trend, most developers are focusing on generating superlative experiences and value-added services to attract shoppers. Therefore, more shopping malls are expected to get rejuvenated with better tenant mix, infrastructure and added services in upcoming time. … [Read more...] about Hanoi retail market: Landlords reshuffle tenant mixes
Therefore, in the short term, consumption demand stimulus will be effective with interventions in the price of goods and services. A subsidy policy will be able to do so directly or indirectly, but its focus of attention should be placed on food and foodstuff, since the need for safe, quality food is considerable among the three income groups mentioned above. Another thing to do is to boost the accessibility of commodity groups related to housing and home appliances. For example, help may come in the form of value added tax adjustments, or direct support for businesses. In case it is necessary to offset the VAT revenue deficit, the personal income tax rate bracket can be modified, reducing the number of taxable groups and putting up the tax rate for high-income earners. … [Read more...] about Demand stimulus: where to begin?
Hanoi (VNA) – Five people convicted in a case of disturbance that saw three police officers burnt to death in Dong Tam commune, Hanoi’s outskirt district of My Duc lodged appeals to the People’s Court of Hanoi, asking for clemency and penalty reduction. They are Le Dinh Cong, Le Dinh Chuc, Le Dinh Doanh, Bui Viet Hieu and Nguyen Quoc Tien. On September 14, the Hanoi People’s Court sentenced Le Dinh Cong and Le Dinh Chuc to death while Le Dinh Doanh was given life behind bars. Bui Viet Hieu and Nguyen Quoc Tien received sentences of 16 years and 13 years in prison, respectively. All were charged with “murder” pursuant to Clause 1, Article 123 of the 2015 Penal Code. Besides those people, Nguyen Van Tuyen also got 12-year imprisonment for the same charge. The remaining 23 were given sentences from 15 months’ probation to six years in prison for “resisting on-duty officers” pursuant to Clause 2, Article 330 of the 2015 Penal … [Read more...] about Dong Tam case: Five defendants ask for clemency