Phnom Penh, Cambodia – Golden Cambodia Century (GCC), a leader in innovative and culturally inspired developments, proudly announces the appointment of IFCG Public Company Limitedand  Knightsbridge Partners (HK) Limited as exclusive master agencies for the global debut of GC Orussey Market. This partnership is set to bring worldwide attention to GC Orussey Market, a modernized Cambodian marketplace designed to celebrate traditional Khmer architecture and Phnom Penh’s rich cultural heritage.

A New Landmark for Phnom Penh’s Market Landscape

Located in Phnom Penh’s Sen Sok District, GC Orussey Market revitalizes a historic area with modern design and functionality, creating Cambodia’s largest marketplace in over 30 years. This five-story freehold development, set in one of the city’s most vibrant residential and commercial zones, offers 4,300 retail units ranging from compact 6.30 sqm stalls to spacious 40.32 sqm spaces, catering to local vendors and international retailers alike.

Designed with high 6-meter ceilings and enhanced ventilation, each level features dedicated areas for retail, wholesale, dining, and entertainment, meeting the diverse daily needs of residents and visitors. The project integrates traditional Khmer architectural elements and modern real estate functionality, creating a seamless blend of Cambodia’s rich cultural heritage with contemporary retail trends.

GC Orussey Market is strategically situated near prominent landmarks, such as the National Museum and Independence Monument, making it a must-visit destination for locals, tourists, and investors. Facilities include dedicated spaces for events, dining areas, children’s playgrounds, and innovative zones for live-streaming influencers, providing a lively shopping and cultural experience.

Backed by Golden Cambodia Century (GCC), a renowned developer with extensive expertise across Southeast Asia, GC Orussey Market is also a CM2H-approved project, offering foreign investors access to Cambodia’s CM2H Golden Visa. With an accessible entry point starting from USD 72,000 and projected rental yields of 15-20% p.a., the market presents an attractive opportunity in Cambodia’s booming real estate sector. Through this project, GCC brings local craftsmanship and international standards together, making GC Orussey Market not only an iconic retail hub but also a strategic investment in Phnom Penh’s future.

Developer’s Vision for GC Orussey Market

Ricky Lai, CEO of Golden Cambodia Century, shared his vision for the project and the strategic importance of this partnership: “GC Orussey Market is more than a commercial development; it is a statement of Cambodia’s growth and resilience. Designed to honor Khmer architectural heritage, this project will transform Phnom Penh’s retail landscape while preserving the city’s cultural essence. Our partnership with Knightsbridge Partners and IFCG aligns perfectly with our goals for this project, leveraging their expansive networks and experience to introduce GC Orussey Market to global investors. We are committed to making this landmark an international draw, serving as a bridge between Cambodia’s storied past and vibrant future.”

Master Agency commitment to expanding global reach through strategic partnerships

IFCG and Knightsbridge Partners bring extensive expertise in connecting international investors with high-value real estate opportunities, ensuring that GC Orussey Market reaches its full potential on a global scale.

Mr.Withoon Lertpanomwan, CEO of IFCG Public Company Limited, expressed similar enthusiasm, stating, “We are proud to partner with GCC in promoting GC Orussey Market. This CM2H-approved project presents an ideal entry point into Cambodia’s fast-growing economy, with high projected yields and a culturally significant location. At IFCG, we are dedicated to maximizing value for our investors, and we are confident that GC Orussey Market will deliver both economic returns and cultural rewards.”

Mr.Kingston Lai, CEO of Knightsbridge Partners (HK) Limited, emphasized the unique investment potential of GC Orussey Market: “When evaluating projects for our global clientele, we look for those that offer both cultural significance and economic strength, and GC Orussey Market embodies both. As Cambodia’s first large-scale market development in three decades, it fills a critical demand for affordable, quality retail space in one of Phnom Penh’s most vibrant districts. The high projected rental yields of 15-20% p.a. present an attractive upside, particularly in a market with low entry costs and substantial growth potential. We chose this project because it speaks to Cambodia’s upward trajectory, and we are excited to connect our clients with an opportunity that combines long-term investment security and cultural impact. Knightsbridge Partners is committed to providing international exposure for GC Orussey Market, offering our investors an exclusive opportunity to be part of this landmark development.”

About Golden Cambodia Century (GCC)

Golden Cambodia Century (GCC) is a dynamic and diversified enterprise rooted in Hong Kong, with a strong foundation in Cambodia and a strategic focus on the ASEAN market. GCC has extensive expertise in finance, property development, and information technology, combining world-class industry techniques with deep local knowledge to create sustainable and impactful projects across Cambodia. As part of its vision to integrate international and local opportunities, GCC supports Cambodia’s economic growth and community development, bridging financial and property investments between ASEAN and the “One Belt, One Road” initiative. Committed to building an elite, Cambodia-based enterprise, GCC aims to enhance the local economy by generating jobs, attracting global capital, and contributing to the well-being of local communities.

Website: www.gcc-gp.com/en/

About IFCG Public Company Limited

IFCG Public Company Limited is a leading real estate agency in Thailand, established on July 4th, 2009. With over 50,000 satisfied customers and a team of more than 400 specialized sales representatives (DEALER), IFCG Public Company Limited is a pioneer in innovative real estate investment solutions. Through the integration of new ideas and advanced technologies, IFCG provides exceptional services and products that meet the evolving needs of property buyers and investors. Its expertise lies in negotiating with developers to offer efficient investment options, ensuring the highest satisfaction for its customers and business partners, including property buyers, investors, developers, advisors, and business associates.

Website: www.ifcg.co.th

About Knightsbridge Partners (HK) Limited

Knightsbridge Partners (HK) Limited is a Master Agent with offices in Hong Kong, China, Thailand, Dubai, and Vietnam. Representing over 52 developers across the UK, Vietnam, Thailand, Australia, Cambodia, and Malaysia, Knightsbridge Partners has achieved more than USD 10 billion in sales value over the past decade, primarily for real estate investors. With a Global Agency Network of more than 260 agency partners and a client base exceeding 680,000, Knightsbridge Partners is committed to connecting investors with premium property opportunities worldwide. Through strategic partnerships, exclusive project access, and an extensive network, Knightsbridge Partners provides clients with unparalleled growth potential and market insights.

Website: www.knightsbridge-partners.com

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For additional project information, materials, and partnership inquiries, please contact:

Golden Cambodia Century (GCC)

Website: www.gcc-gp.com/en/

Tel:+852 5301 3176

IFCG Public Company Limited

Website: www.ifcg.co.th

Tel: +66 026331331

FB:https://www.facebook.com/ifcg.property

Knightsbridge Partners (HK) Limited

Email: [email protected]

FB: https://www.facebook.com/KnightsbridgePartners

LINKIN: https://www.linkedin.com/company/knightsbridgeandpartners/

WhatsApp/Line：+852 6223 9988

The Thai government announced the opening of a new permanent border crossing between Thailand and Cambodia, alongside extending the operating hours of an existing checkpoint. These measures aim to bolster trade and tourism relations between the two nations.

The Royal Gazette published two announcements from the Ministry of Interior, which were signed by Prime Minister Paethongtarn Shinawatra, and Anutin Charnvirakul, the Deputy Prime Minister and Minister of Interior. These announcements, issued yesterday, October 30, are expected to enhance the relationship between Thailand and Cambodia, aiming to facilitate trade and tourism between the two countries.

The first announcement concerns the opening of the permanent border crossing at the Thai-Cambodian Friendship Bridge (Nong Ian-Stung Bot) in Aranyaprathet district, Sa Kaeo province.

This crossing, located opposite Stung Bot in Poi Pet, Banteay Meanchey, Cambodia, operates daily from 6am to 10pm. The new checkpoint is set to alleviate congestion at the Ban Khlong Luek or Aranyaprathet checkpoint, thus supporting the transport of goods and increasing trade and tourism in the border area.

A second announcement details the extension of operating hours for the Chong Sa-ngam border crossing in Phu Sing district, Si Sa Ket province, which lies opposite Chong Chom in Anlong Veng district, Oddar Meanchey province, Cambodia.

This checkpoint will now be open from 7am to 10pm every day, adding two extra hours to its previous schedule of 7am to 8pm. This extension acknowledges the increasing economic activities at the Chong Sa-ngam border crossing, driven by growing trade.

Traisulee Traisoranakul, spokesperson for the Ministry of Interior sees the move to open a new checkpoint and increase the hours of operation as indicative of the growth of trade and tourism between Thailand and its neighbour Cambodia, reported KhaoSod.

“The opening of the new permanent border crossing, along with extending the current operational hours of both checkpoints, reflects the growth in trade and tourism between Thailand and Cambodia.

“This necessitates the expansion of infrastructure capabilities. These efforts further promote bilateral relations and cooperation in all aspects, ultimately benefiting the people of both countries in the long term.”

The new measures are expected not only to improve logistical efficiency and trade volume but also to foster stronger cultural and social connections between the neighbouring countries. Both nations stand to gain from these developments, as they aim to create a more integrated and collaborative regional environment.

Source: Thaiger

South Korea has taken significant steps to attract foreign workers across various sectors. The country now offers higher wages for low-skilled foreign workers compared to Japan and Taiwan.

This move aims to address labor shortages and boost economic growth. The government has expanded its employment permit system for low-skilled foreign workers.

The annual limit has increased from 50,000 in 2021 to 165,000 in 2024. This program now includes workers in restaurants, hospitality, and aquaculture industries.

South Korea plans to welcome forest workers starting in October. This initiative will help alleviate labor shortages in rural and mountainous areas. The country aims to accept up to 1,000 forest workers annually.

In addition, a new training center for the shipbuilding industry opened in Indonesia in August. Trainees receive instruction in welding, safety, and Korean language skills.

This prepares them to work for South Korean shipbuilders immediately upon arrival. The shipbuilding industry faces a worker shortage as many move to the semiconductor and automotive sectors.

Estimates suggest a deficit of 14,000 workers in shipyards in 2023. The government has relaxed visa restrictions to allow more shipbuilding-related workers. Seoul has introduced a program to bring in Filipino domestic workers as “cleaning managers.”

Source: The Rio Times

A US$6.4 trillion (RM28.0 trillion) foreign-exchange (forex) reserve pile in Asia is giving investors confidence that central banks have the ammunition to fight the dollar’s strength stemming from the US presidential election.

Asian currencies have come under pressure in October, as rising odds of a Donald Trump presidency and uncertainties over the pace of the Federal Reserve’s (Fed) easing bolstered the greenback.

A Bloomberg index of the region’s currencies just had its worst month since February 2023, with the Indian rupee near its weakest ever and South Korea’s won close to a three-month low.
Strategists expect the losses to extend, especially if Trump returns to power and reignites a trade war.

However, a years-long increase in forex reserves means central banks are in pole position to smooth volatility, according to Barclays plc and MUFG Bank Ltd. That firepower is important since the Fed is no longer in a tightening cycle, making interest rate hikes to support currencies a difficult option for Asia’s central banks.

“Asian forex reserves have continued to grow and there’s certainly plenty of ammunition,” said Mitul Kotecha, the head of forex and emerging-market macro strategy for Asia at Barclays. While markets have priced in a Trump victory, “we still expect to see some further pressure on Asian currencies should that be the case”, he added.

The US$6.4 trillion pile for Asia ex-Japan compares with US$6.2 trillion at the end of 2023 and US$5.9 trillion the year before, according to data from 10 economies compiled by Bloomberg. China accounts for almost half of the reserves, while India’s has swelled to a record US$700 billion.

Source: Bloomberg