Ministry of Land to Launch Housing Data Management System for Affordable Housing Planning
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) of Cambodia is set to establish a comprehensive housing data management system aimed at analyzing and planning housing supplies for low- and middle-income citizens, as announced by HE Seng Thany, Undersecretary of State, on 10 October 2024. The announcement was made during a workshop on […]
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Mondulkiri Celebrates Inauguration of New Water Purification System Worth Over USD 150,000
The newly completed small-scale water treatment plant project in Sen Monorom City, Mondulkiri province, valued at over USD 150,000, was officially inaugurated on 10 October 2024. The ceremony was presided over by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, alongside HE Ueno Atsushi, Ambassador of Japan to Cambodia, marking a significant step […]
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Gov’t Seeks Private Sector Partnership to Rehabilitate Upper Mekong Rivers for Enhanced Navigation
Cambodian PM Samdech Hun Manet has announced that the government is seeking partnerships with the private sector to rehabilitate rivers in the upper Mekong River region. These waterways are currently obstructed by sediment buildup, hindering navigation and shipping operations. The initiative aims to restore the rivers’ functionality and improve transport routes along this crucial waterway, […]
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Korea Provides Professional Training for Cambodia to Enhance Cultural Heritage Preservation & Tourism Development
APSARA Authority and the Korean Heritage Agency have launched a four-day training program to bolster Cambodia’s cultural heritage management, focusing on conservation, tourism development, and leveraging cultural assets. Radio National of Cambodia announced this collaborative effort on 8 October 2024. The initiative, held from 7 to 10 October 2024, aims to integrate expertise from Korean […]
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China Eyes Tonle Sap Mining Opportunities & Cement Production in Kampot
A delegation from Hubei province, China, led by Mr. Hu Jingli, Deputy Chairman of the Geographical Office, has expressed strong interest in studying natural mineral resources in Tonle Sap Lake, Siem Reap while advancing plans to invest in a cement plant in Kampot. This announcement followed a recent meeting with Siem Reap’s Deputy Governor, Mr. […]
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Canada to Establish Embassy in Phnom Penh, Strengthening Diplomatic & Trade Ties
Canada has announced plans to open an embassy in Phnom Penh, aiming to enhance its long-standing relationship with Cambodia and expand trade cooperation between the two nations. This decision was confirmed during a working meeting between PM Hun Manet and Canadian PM Justin Trudeau on 10 October 2024 in Vientiane, Laos. PM Trudeau informed Hun […]
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Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until End of 2025
The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for transferring ownership or possession of all types of borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax relief to […]
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Svay Pak Pumping Station Nears Completion, 96% Finished, Set to Alleviate Northern Phnom Penh Flooding
The new Svay Pak pumping station, crucial for addressing the flooding in northern Phnom Penh, is now 96% complete, according to the Phnom Penh Department of Public Works and Transport’s update on 9 October 2024. The project is part of a broader initiative to expand flood control capabilities in the city, with the station’s total […]
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China Grants Over USD 42m to Boost Cambodia’s Infrastructure Development
To Cambodia’s infrastructure development, China has pledged 300 million yuan (approximately USD 42 million) in grants. This commitment, aimed at advancing Cambodia’s infrastructure, was confirmed during a bilateral meeting between Cambodian Prime Minister Hun Manet and Chinese Prime Minister Li Qiang at the 44th and 45th ASEAN Summits in Vientiane, Laos. The pledge reflects China’s […]
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Borey Peng Huoth Launches Unprecedented 19-Year Instalment Plan at Only 9% Interest
Celebrating 19 years of real estate excellence, Borey Peng Huoth offers an unparalleled financing opportunity with its new “19 Years Biggest Offer” program. Homebuyers can now take advantage of a 19-year direct installment plan with the company at just 9% annual interest without needing income verification. The company also provides exclusive benefits, such as attractive […]
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Cambodia Approves 28 New Projects in September, Attracting USD 443m Investment
Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD 443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as an attractive hub for both local and international investors. The Council for the Development of Cambodia confirmed the details […]
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Cambodia Earns Over USD 33m from Angkor, Koh Ker & Boat Ride Ticket Sales in 9 Months
In nine months of 2024, Cambodia generated a remarkable USD 33,284,233 from ticket sales for Angkor, Koh Ker, and boat rides, reflecting the growing influx of international tourism. Of this, USD 32,522,730 was collected from 699,850 foreign tourists purchasing tickets to visit Angkor, marking a 30.32% increase compared to the same period last year, according […]
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