GOV’s Endeavors: Over 5,000 Houses Gifted to Veteran Families by 2023
In a remarkable display of gratitude and support, the Cambodian government has presented a total of 5,154 houses to veterans and their families by 2023. This significant achievement was highlighted by HE Mang Sineth, Deputy Governor of Preah Sihanouk Province, on the auspicious occasion of the 16th anniversary of the 21st Cambodian Veterans Day in June 2023. The provision of these houses serves...
Read MoreNR No.10 Upgrade in Pursat Province Reaches Final Stages, Enhancing Connectivity
The construction of NR No.10 in Pursat province has reached its final stages, as reported by the Pursat Provincial Administration on June 28, 2023. The completion of a section from Veal Veng town, Bramoy commune to O'Som commune brings significant improvements to travel accessibility in the region. NR No.10 serves as a vital transportation link, connecting Samlot in Battambang province to Koh K...
Read MoreStamp Duty Exemption Costs the Gov’t Nearly US$2 Million in Revenue
Over the period spanning from February 25, 2020, to May 2023, the General Department of Taxation (GDT) has granted stamp duty exemption on the transfer of ownership or possession of immovable properties. According to the GDT's weekly newsletter published on June 29, a total of 1,022 documents were exempted, resulting in a cumulative tax amount of KHR 7.99 billion, equivalent to nearly US$2 million...
Read MoreCambodia’s Tourism Soars: H1-2023 Records 75% Surge with Over 11 Million Visitors
In an exceptional tourism surge, Cambodia witnessed a remarkable increase in visitor numbers during the first half of 2023. The Ministry of Tourism's report, published on July 3, 2023, revealed a staggering 75% rise as Cambodia welcomed a total of 11.1 million domestic tourists, compared to the same period in 2022. The country's popularity as a tourist destination continued to soar, evident fro...
Read MoreWorld’s Highest Tunnel Completes Construction, Bolstering Connectivity in Tibet
In a remarkable feat of engineering and perseverance, the Gokarla Tunnel, the world's longest high-altitude road tunnel, has reached its completion after an impressive seven-year construction period. Situated in the awe-inspiring region of Tibet, this significant milestone in infrastructure development is poised to enhance connectivity and facilitate economic growth. At staggering altitudes of ...
Read MoreDelays Loom Over Thailand’s High-Speed Rail Linking Three Airports Project
The long-awaited high-speed railway project connecting three major airports in Thailand, namely Don Moeung, Suvarnabhumi, and U-Tapao, may face further delays, despite the initial agreement signed between the Thai government and the Charoen Pokphand (CP) Group in 2019. According to Mr. Nirut Maneephan, The State Railway of Thailand (SRT), as of July 4, 2023, construction work has yet to commenc...
Read MoreGov’t Allocates 6,000 ha of Social Land Concessions in Mondulkiri Province, Bringing New Hope to Local Communities
The Ministry of Land Management, Urban Planning and Construction, in collaboration with the Mondulkiri Provincial Authority, has designated 6,000 hectares of land as a dedicated area for land identification, classification, and registration in Rayor and Soksan communes of Koh Nhek district, Mondulkiri Province. This landmark zoning announcement, made on 28 June 2023, marks a crucial milestone i...
Read MoreAn Underground car park and a modern shopping mall project commence in the Heart of Phnom Penh
A new era of urban development is set to unfold in the centre of Phnom Penh as EDC Juta (Cambodia) embarks on its groundbreaking underground project in the heart of Phnom Penh. Led by Ms Oknha Chan Sothea, General Director of EDC Juta (Cambodia) Company, this ambitious undertaking encompasses a multi-level car park, a contemporary shopping mall, a luxurious resort, and an array of underground serv...
Read MoreIndia Expands Trilateral Highway Project to Connect Cambodia, Boosting Regional Trade and Connectivity
India has unveiled plans to extend the 1,360-kilometer trilateral highway project to Cambodia. Currently under construction between India, Myanmar, and Thailand, the highway section linking Thailand to Myanmar has been completed, awaiting its official public opening. This significant development was confirmed by Thai envoy Pattarat Hongton in an exclusive interview with the live nagpur newspaper o...
Read MoreUN, GGGI, and Cambodia Government Join Forces to Empower Green Bond Issuers
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Global Green Growth Institute (GGGI), and the Securities and Exchange Regulator of Cambodia (SERC) have partnered with the Credit Guarantee and Investment Facility (CGIF) and GuarantCo to launch the Cambodia Sustainable Bond Accelerator (CSBA), an initiative designed to provide crucial support to private-sector...
Read MoreTwo Areas of Thailand attract 229k Cambodian tourists just within five months of 2023
In the first five months of the year, Thailand welcomed an impressive 229,000 tourists from Cambodia, while an even higher number of 330,000 tourists ventured from Laos, seeking both recreational activities and medical check-ups. These figures underscore the increasing appeal of Thailand's diverse offerings, including its renowned healthcare sector, which has gained international recognition for i...
Read MoreDogen City: Pioneering the World’s First Floating Medical Haven in Japan
In a groundbreaking initiative poised to revolutionize urban development and healthcare, Japanese firm N-Ark has unveiled its visionary plan for Dogen City, the world's first floating medical city. Situated in Hamamatsu City, a vibrant port located 200km southwest of Tokyo, this innovative project represents a bold response to the challenges of climate change and population growth. Dogen City i...
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