Cambodian Gov’t Extends Property Tax Relief: Fines & Penalties Waived Until End of 2023
In a proactive measure to support property owners facing tax-related challenges, the Ministry of Economy and Finance has taken a decisive step. They have announced the waiver of administrative sanctions, which include additional taxes and interest, on property taxes and unused land taxes. This vital decision applies to all those who have not yet registered or declared their taxes, or for those ...
Read MoreJapan Commits US$430 Million to Transform Sihanoukville Port into ASEAN’s Largest by 2028
The Japanese government has pledged a substantial investment of US$430 million for the expansion and enhancement of Sihanoukville port. This transformative endeavour, set to be realised by 2028, aspires to position Sihanoukville as "the largest port in ASEAN." This announcement was made by HE Ueno Atsushi, the new Ambassador of Japan to the Kingdom of Cambodia. He emphasised Japan's unwavering ...
Read MoreGov’t Reaffirms Stand to Protect Cultural Heritage Over Pagoda Construction at Wat Phum Man Pha, Thailand
The Ministry of Culture and Fine Arts, Cambodia, has once again reaffirmed its unwavering commitment to preserving Cambodia’s rich cultural heritage by closely monitoring the construction of a pagoda at Wat Phum Man Pha, Borei Rom province in Thailand. The pagoda's design closely mirrors the iconic Khmer Angkor Wat, a cause for concern among many Cambodians. As of the latest announcement on 26 Sep...
Read MoreCambodia’s Gold Refineries Shine: 8 tons of Gold Ore Processed, Generating US$13 Million in Royalties
In a glittering testament to Cambodia's burgeoning gold industry, six prominent companies engaged in gold refinery production have collectively processed a remarkable 8,334 kilograms of gold ore as of 25 September 2023. According to a report released by the Ministry of Mines and Energy, the grand total equates to an impressive 922 gold bars, reflecting the relentless efforts of these companies ...
Read MoreKratie Provincial Authorities Issue Warning Against Unauthorised Land Encroachment
Kratie provincial authorities have issued a stern warning to residents who have encroached upon Tuol Takin security land in Bos Leav commune, Chit Borei district. The warning comes with a deadline of the end of September, after which legal action will be pursued against those in violation, according to an official announcement by the provincial administration dated 21 September 2023. The provin...
Read MoreGov’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 commitment to suppor...
Read MoreMajestic 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 September 25, 2023. The impressive ...
Read MoreIndia 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 Kingdom of Cambodia. Underlin...
Read MoreBooyoung 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 of Booyoun...
Read MoreADB 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, according to ADB’s report released on 20 September...
Read MoreGov’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 includes services such as la...
Read MoreCambodia 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 meeting held on September 22, 2023, between His ...
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