Gov’t Extends Property Tax Payment Deadline to 31 October to Boost Compliance
The General Department of Taxation has announced an extension of the property tax payment deadline for 2023. Originally set for 30 September 2023, property owners will now have until 31 October 2023, to fulfil their tax declarations without incurring administrative penalties for late submission. The official announcement, made on 26 September 2023, reflects the government’s […]
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Majestic 45-Meter-High Buddha Statue Set to Grace Kep Province’s Skyline
A towering 45-meter-high Buddha statue is poised to adorn the picturesque landscape of Kep province, marking a sacred site for Buddhists and an enchanting tourist attraction. This ambitious project was unveiled during a site inspection by H.E. Som Piseth, Governor of Kep province, and Venerable Monk Hum Bounty, President of the Cambodian Meditation Center, on […]
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India Boosts Ecotourism Development in Kampong Thom & Prey Veng Provinces
India has pledged its strong backing for ecotourism community development projects in two Cambodian provinces, Kampong Thom and Prey Veng. This encouraging commitment was the result of a productive meeting between HE Sok Soken, Minister of Tourism of Cambodia, and HE Dr Devyani Khobragade, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the […]
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Booyoung Group Generously Grants 25 Tourist Buses to Kampong Speu Provincial Administration
In a heartwarming gesture, Booyoung Group has contributed 25 state-of-the-art tourist passenger buses (each with 20 seats) to the Kampong Speu Provincial Administration. The announcement, made by HE Vy Samnang, Governor of Kampong Speu Province, on 25 September 2023, marks a significant step in strengthening transportation facilities in the province. This altruistic endeavour is part […]
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ADB Revises Cambodia’s 2023 Economic Growth Forecast to 5.3% from 5.5%
The Asian Development Bank (ADB) has adjusted its economic growth forecast for Cambodia, revising it from an initial estimate of 5.5% to 5.3% for 2023. This slight modification comes in light of slower-than-anticipated industrial growth during the first half of the year, with a notable 18.6% YoY decline in exports of clothing, footwear, and goods, […]
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Gov’t Greenlights Fee Increases for Airline Services
The Cambodian government has issued a notification sanctioning the SCA Airport Concession Company to revise airfare and related airline service charges for a five-year period, commencing from 1 September 2023 to 1 September 2028. This pivotal decision aims to enhance the quality of passenger services and aviation facilities provided by the SCA concession firm, which […]
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Cambodia Sets the Stage for Japanese Investment with New Special Economic Zones
In a significant move to bolster economic ties and foster Japanese investment in Cambodia, the Ministry of Land Management, Urban Planning, and Construction is gearing up to designate prime land parcels for the establishment of special economic zones (SEZs) tailored to the needs of Japanese investors. This development comes on the heels of a pivotal […]
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Cambodia Construction Update: 2K Permits Issued in 7 Months, Valued at Nearly US$3 Billion
Cambodia’s construction sector is experiencing a remarkable surge as the Ministry of Land Management, Urban Planning, and Construction announces the issuance of 2,036 construction permits within the first seven months of 2023. This surge in construction represents an impressive span of progress, covering a vast expanse of 8 million square metres and boasting a total […]
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US Shifting Supply Chains: China Expected to Lose 3m Jobs to Vietnam
As the United States and Vietnam strategically realign their supply chains, aiming to reduce reliance on China, the recent shift in manufacturing could have substantial implications for China’s job market. A report by Rabobank in 2022 estimated that up to 28 million Chinese jobs directly depended on exports to the West. Consequently, this “friend-shoring” strategy, […]
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Cambodia & Australia Forge New Alliance to Boost Food Processing SMEs
Cambodia and Australia have unveiled a strategic partnership aimed at bolstering small and medium enterprises (SMEs) within the agro-food sector. This dynamic initiative seeks to foster the development of innovative products, enhance adherence to food safety standards, and facilitate market expansion for SMEs. The announcement comes as part of a press release issued by Cambodian […]
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Experts Share Cambodia’s Real Estate Market Recovery Path
Amidst a challenging global economic landscape, the Cambodian real estate market has weathered a prolonged downturn since 2019, leaving industry stakeholders pondering when and how recovery will take place. Key experts have weighed in on the factors influencing this recovery and the direction developers and buyers should steer towards in these uncertain times. Balancing the […]
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CCA Met China Council for Promotion of International Trade (CCPIT) to Discuss Potential Trade Exchange
The Cambodia Constructors Association, under the esteemed leadership of CCA Chairman Neak Oknha Pung Kheav Se, hosted a momentous meeting on September 21, 2023, to extend a warm welcome to the China Council for the Promotion of International Trade (CCPIT) Jinan Sub-Council and a group of Chinese investors, including distinguished representatives from Shandong Tajin Metal […]
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