Da Nang ranked second in a list of Asia’s five cheapest destinations to retire for foreigners with a monthly average cost of living for expats of US$867, according to a recent report.
Thailand’s Chiang Mai topped the list with the average cost of living at $667 a month, according to GOBankingRates, a personal finance publication run by Nasdaq.
The Philippines’ Cebu ranked third where the monthly average living costs stood at $840, followed by Taiwan’s Taipei at $1,268, and Japan’’s Kyoto at $1,565.
“Da Nang offers pristine beaches, scenic mountains, a warm climate and modern amenities. With its affordable housing options, excellent healthcare facilities and growing expat community, Da Nang is a no-brainer,” the U.S. publication said.
Da Nang, home to 1.2 million people, is considered Vietnam’s third most important city after Hanoi and Ho Chi Minh City.
In 2018, Panama-based travel magazine Live and Invest Overseas named Da Nang as one of the world’s most livable cities.Source: VNexpress
Conceptualized nearly a decade ago, The Olympia City, located at the heart of Phnom Penh’s central business district has grown into a full-fledged city within a city as it redefines its surrounding areas by adding value to an established commercial center.
With roughly US$500 million dollars invested in the 6.8 hectare development since 2012, Olympia City stands as one of Phnom Penh’s premier townships boasting an ecosystem of 1,500 residential condominiums, over 270 office space, a shopping center at The Olympia Mall, The Olympia Hotel by Dara, a medical facilities in Intercare and the Olympia Medical Hub and other facilities such as the Canadian International School of Phnom Penh’s pre-school campus, all of which have come together to create a community best serving its residents and surrounding areas.In addition to said ecosystem, projects such as the Financial Building with its 27 buildings sprawled across 1.2 hectares of prime real estate, to the 8,500 square meter Golden Square and Platinum Square of which upon completion of phase 1 will feature a collection of 18 high-end commercial buildings situated along the Monireth boulevard.“People are gifted with different talents and capabilities, so gradually we optimize them in the right field. Our goal is to be better than we used to be — day by day.” Said Mr. Lim Keanan, Head of Sales for The Olympia City, Chroy Chongvar Satellite City and Chroy Chongvar Garden when asked about the improvement and developments ongoing in the commercial center.The centrality of Olympia City makes it a favored location for many office goers and events planners for its as it in an easy place to go to and access across all major districts and throughfares of Phnom Penh may it be for leisure or business, a testament to project developer OCIC as a pioneer in Cambodia’s real estate industry with locations such as Koh Pich, Chroy Changvar Satellite City and the up and coming Norea City bringing large-scale developments in Phnom Penh closer to each and everyone.
About OCIC OCIC is one of Cambodia’s leading diversified conglomerates. OCIC Group is a group of companies and businesses that are affiliated to OCIC and includes a business portfolio in property development, real estate, education, healthcare, airport, construction & engineering, retail, hospitality to media and leisure. OCIC’s major developments include the Techo International Airport, Koh Pich, Norea City, Chroy Changvar Satellite City and the Olympia City.
OCIC Group is a member of Canadia Group. www.ocic.com.kh
TOKYO : Japan’s economy likely grew an annualised 3.1 per cent in April-June to mark a third straight quarter of expansion, according to a Reuters poll, helped by resilience in exports despite slowing global demand.
The increase would follow an annualised 2.7 per cent in the first quarter. On a quarter-on-quarter basis, the economy probably expanded 0.8 per cent.
“The data will show Japan’s economy is recovering moderately with consumption and capital expenditure maintaining momentum,” said Shinichiro Kobayashi, an economist at Mitsubishi UFJ Research & Consulting.
The data would be welcomed by the Bank of Japan which wants a slow but steady phase-out of its massive stimulus programme and took steps last week to allow long-term interest rates to rise more.
External demand likely added
0.9 per cent point to gross domestic product growth in April-June, after shaving off 0.3 per cent point in the first three months of this year, the poll showed.
Capital expenditure is expected to have risen 0.4 per cent after a 1.4 per cent increase and the poll called for private consumption to have edged up 0.1 per cent, slowing from a 0.5 per cent gain.
“Consumption has been recovering, mainly for services industries as the economy has re-opened.
But the recovery may have run its course as rising inflation weighs on real income,” said Ryutaro Kono, chief Japan economist at BNP Paribas.Source: Reuters