ADB advises Cambodia to improve property tax collection
The Asian Development Bank (ADB) has held a workshop to share knowledge and expertise on property tax management as the collection of this type of tax in Cambodia is still limited. Held on 23-24 February, the workshop aims to help strengthen property tax collection and boost revenue at the sub-national level. The workshop shared the results of a detailed appraisal study with policies and rec...
Read MoreRaw material processing industry in Cambodia attracts more investors
Cambodia Prime Minister Samdech Hun Sen said that the agricultural processing industry is catching momentum both for local and foreign investors while also helping increase value-added and high-quality supply to local markets and export. At the graduation ceremony for students of the National Polytechnic Institute of Cambodia on February 27, PM Hun Sen said that Cambodia's main potential agricu...
Read MoreUS$5m Electronic Compliance Factory Officially Opened in Pursat
An electronic products assembly plant in Pursat's Krakor district was officially launched 26 February. The inauguration was held by Director General of Electricite du Cambodge (EDC) HE Keo Rattanak, Pursat Governor HE Khoy Rida and CEO of Precise Electric Manufacturing Amorn Daengchot. Built with an investment of US$5 million, the factory is located in Toteung Village of Anlong Thnout Comm...
Read MoreCambodia needs more skilled labours responding to high-tech industrial investment
Cambodia Prime Minister Samdech Hun Sen has said that Cambodia needs a large number of technical experts to meet the large investment in high-tech industries, as Cambodia has a number of electrical components and vehicle assembly plants. At the graduation ceremony for students of the National Polytechnic Institute of Cambodia on 27 February, PM Hun Sen said that there are currently many vehicle...
Read MoreRussey Keo flyover to open for traffic in March
The Russey Keo flyover is set to open for traffic from 1 March onwards as the construction is reaching 100% completion, according to the announcement of the Phnom Penh Capital Administration on 24 February. This Russey Keo flyover project is 483m long and 15.8m wide. Built by the Overseas Cambodian Investment Company (OCIC), the construction began on 31 January. (Read more)
Read MoreThailand Expects US$3bn Foreign Investment This Year
A minimum of 100 billion baht is expected to flow into Thailand through foreign investment, supported by several factors. “The active foreign investment is supported by the country being fully open in terms of both tourism and investment, as well as anticipated expansion of production bases in Thailand by international firms, particularly in industries with growth potential such as electric veh...
Read MoreTwo Cambodia’s Ecotourism Communities Receive ASEAN Standard Award 2023
Two ecotourism communities in Cambodia, Samros Koh Han ecotourism community in Stung Treng province and the Prey Thom Anlong Thom ecotourism community in Siem Reap province, have received the ASEAN Ecotourism Standard Award. The award-giving ceremony was held at the ASEAN Tourism Forum 2023 in Yukata, Indonesia on 5 February, according to the Ministry of Tourism. Koh Han Ecotourism Community...
Read MoreGov’t spends over US$1bn to build small-scale infrastructures in 2022
In 2022, sub-national administrations will receive more than US$1 billion to build micro-infrastructure and implement more than 2,000 social services projects. Minister of Interior Samdech Sar Kheng said during the official meeting on 22 February, in the last five years (2018-2022), the transfer of the national budget to the sub-national administration has increased by 2.7 times, from US$416 mi...
Read MoreKoh Kong Darasakor Airport set to open in mid-2023 without delay
Koh Kong's Darasakor International Airport is scheduled to open in mid-2023, as developers are speeding up the construction process and completing some key procedures to move into the aviation business without further delays, confirmed Koh Kong Governor Mithona Phouthorng on 21 February. Darasakor International Airport was originally scheduled to be put into operation by the end of 2022 but has...
Read MoreJapan provides over US$30 million to expand water supply system in Svay Rieng
Japan has granted Cambodia 3,986 million yen (US$ 30.6 million) to expand the water supply system in Svay Rieng province, according to the press release of the Ministry of Foreign Affairs and International Cooperation on 24 February. This assistance was provided through an exchange of letters signed by HE Ouch Borith, Minister Delegate to the Prime Minister and Permanent Secretary of State of t...
Read MoreThe 8th PropertyGuru Cambodia Property Awards seek the Gold Standard of real estate amid recovering domestic market
LOCAL PROPERTY SEEKERS IN CAMBODIA POWER THE DEMAND FOR SPACIOUS HOMES PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today launched the 2023 edition of the PropertyGuru Cambodia Property Awards, beginning the search anew for the kingdom’s finest property developers, design practices, and projects: the Gold Standard of real estate. ...
Read MoreCambodia-Vietnam Kaam Samnor-Vinh Xuong border checkpoint officially opened
Cambodia and Vietnam jointly inaugurated the Kaam Samnor-Vinh Xuong international border gate. Held on 23 February, the opening ceremony was presided over by HE Nop Dara, Deputy Governor of Kandal Province. HE Nop Dara thanked Vietnam for its efforts to establish the Vinh Xuong land border to align with Cambodia's Kaam Samnor located in Leuk Dek District, Kandal Province. The border has s...
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