Yunnan Investment Holding Group Pledges to Enhance Tourism with Direct Flights from China as New Siem Reap Airport Nears Completion

Yunnan Investment Holding Group, the builder behind the new Siem Reap International Airport, has made a resolute commitment to facilitate direct flights between Cambodia and China, particularly from prominent Chinese cities and provinces. The aim is to bolster tourism in Siem Reap province and pave the way for even greater advancements once the new international airport officially opens. During...

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GOV’t Grants Property Tax Exemption for Four New Cities Until the End of 2023

In a significant move that aims to foster growth and development in Cambodia's newly established cities, the Ministry of Economy and Finance has announced a property tax exemption until the end of 2023. Prakas No. 329 MEF, dated June 1, 2023, outlines this beneficial measure. The property located in Udong Mechey town of Kampong Speu province, Arey Ksat and Sampov Poun town of Kandal province, a...

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Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023

The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents a remarkable 767.42 percent increase compared to th...

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PM Hun Sen Sets Ambitious Goal for Cambodia’s Economic Advancement, to be a high middle income country by 2030

Prime Minister Hun Sen has unveiled an ambitious vision to propel Cambodia towards achieving high-middle-income status by 2030, reinforcing the government's commitment to sustainable development. During a momentous graduation ceremony at the Royal University of Law and Economics on June 5, the Prime Minister expressed confidence in Cambodia's ability to surpass the challenges posed by the global p...

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Cambodia Enhances Connectivity with Inauguration of Stung Prek Tnaot Bridge and Road

The Cambodian government recently celebrated the official inauguration of a new concrete bridge and road crossing the Stung Prek Tnaot tributary. The momentous event took place on June 4, 2023, under the distinguished presence of HE Dr. Men Sam An, Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection. The newly unveiled concrete bridge boasts impressive dimens...

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Korean Firm Explores Potential for Expansive Car Park Development in Sihanoukville with 5hectares of land

In a bid to alleviate traffic congestion and enhance urban infrastructure, a reputable Korean company has initiated a comprehensive study to invest in the construction of a vast 5-hectare car park in Sangkat 1 of Sihanoukville. Mr. Touch Sotharith, Deputy Director General of the General Department of Land Transport, confirmed this exciting development on 2nd June 2023. During a crucial meeting ...

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Chinese Firm Secures Contract to Develop Pumping Station for Key Cambodian Provinces

In a significant development for Cambodia's water sector, the renowned Beijing Urban Construction Group Co., Ltd (BUCG), a prominent Chinese state-owned company, has been awarded the contract to conduct a comprehensive feasibility study and design a cutting-edge pumping station. The station will harness water resources from the mighty Mekong River, incorporating advanced water treatment systems an...

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Vietnam Unveils Remarkable US$82 Million Investment in the Tallest Steel Arch Bridge

Vietnam has made a significant investment exceeding US$82 million towards the construction of an awe-inspiring steel arch bridge, poised to become the tallest of its kind, with an impressive height of 87 meters above the water level. The eagerly anticipated Phat Tich Bridge, situated in the northern province of Bac Ninh, spans across the majestic Duong River, a tributary of the renowned Red River,...

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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open

Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, guests will only be requir...

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Urbanland officially unveiled Borey Chankiri 2 at the South Side of Phnom Penh

Urbanland, a home-grown real estate developer, officially announced its soft launch of Borey Chankiri 2 on 03 June 2023. Located in the Southern part of Phnom Penh, this latest project is conveniently situated just 500m from National Road 2 alongside of Steung Prek Thnaot. [ Borey Chankiri 2 soft launch event] Borey Chankiri 2 is the newest residential and shophouse development developed...

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China Delays Floating Nuclear Power Plant Project in South China Sea Citing Security Concerns

China has opted to postpone its plans to construct a floating nuclear power plant in the South China Sea due to concerns over security, as reported by the South China Morning Post. Despite being poised for construction, the final approval to proceed with the nation's first floating nuclear power plant has been withheld by regulators. While the technology for building such a facility has been...

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9k Cambodian Tourist Influx Signals Promising Summer for Phu Quoc Island

In a testament to the growing allure of Phu Quoc Island, located off Kien Giang Province in southern Vietnam, approximately 9,000 Cambodian tourists have flocked to its shores within the first five months of this year. This surge in Cambodian visitors highlights the potential of the Cambodian market for the island's tourism industry, as reported by the Vietnamese newspaper Tuoitrenews on May 31...

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