Over 500 Hotels & Guesthouses Reopen as of July 2022
As of the end of July 2022, 520 hotels and guesthouses in Cambodia have reopened, while 190 others are still temporarily pausing their operations and the remaining 29 have been permanently closed. According to the report of the Ministry of Tourism on 27 August, to date, there are a total of 739 hotels and accommodation services and 2,529 restaurants in Cambodia, of which more than 2,000 have re...
Read MoreStamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to approximately US$2.8 million. Stamp duty tax is a 4% tax imposed when there is ...
Read MoreIndia Builds Gigantic Religious Monument, Larger Than Cambodia’s Angkor Wat
The International Society for Krishna Consciousness (ISKCON) has announced the opening of the world's largest religious monument worth about US$100 million in 2024, according to the Economic Times on 29 August 2022. Named the Temple of Vedic Planetarium, the temple is located in Mayapur, West Bengal. When completed, it will be bigger than the St. Paul's Cathedral located in the Vatican, the Taj...
Read MoreConstruction of New Siem Reap Hospital Building Over 17% Complete
Construction of the new US$19 million Siem Reap Hospital building made possible through Japanese assistance has been 17.38% completed and is scheduled for operation in 2023, according to Minister of Health HE Mam Bun Heng on 29 August. During the inspection of the construction site, the minister said that the expansion of this building is in line with the needs of the people as well as the goal...
Read MoreJapan Funds Over US$260K Installing Medical Equipment in Kroch Chhmar Hospital
The Japanese Government has provided medical equipment worth over US$262,800 to Krouch Chhmar District Hospital under the KUSANONE Foundation. According to the announcement of the Ministry of Land Management, Urban Planning and Construction on 29 August, the installation of this modern medical equipment enables the hospital to operate in accordance with the proposed level2 (CPA2). With a tot...
Read MoreConstruction of New Road in Run Ta Ek Over 16% Complete
The construction of a 2.8km major new road in the Run Ta Ek community zone has been 16.87 % completed, according to the Ministry of Land Management, Urban Planning and Construction on 29 August. The road is part of the preparation of the Run Ta Ek community for people who volunteered to dismantle their illegal constructions in Angkor Park and agreed to relocate. To date, over 900 families ha...
Read MoreGoing Digital, for Infrastructure Resilience!
The opportunity now is to institutionalize going digital not only within our organizations but also towards “future-proofing” our world’s assets with respect to economic and environmental dependencies. As we look forward at the outset of 2022, having endured an unanticipated and unexpectedly protracted global pandemic, we should prioritize making the most of what we’ve learned in response to vuln...
Read MoreWinners of the 7th PropertyGuru Cambodia Property Awards 2022 represent the leading lights of real estate
AWARDEES OF THE PRESTIGIOUS ANNUAL COMPETITION WERE HONOURED AT THE LANDMARK SOFITEL PHNOM PENH PHOKEETHRA Prince Real Estate Group wins the Best Developer title, while Angkor Palace Development Co., Ltd., C.I.A.C Investment Limited, Kambujaya Development Co., Ltd, and Orkide Villa 3 Co., Ltd excel in the Developer categories Vue Aston and The Botanic City (The Palace) clinch multiple acco...
Read MoreFully-fledged Cambodia’s Largest Construction Expo Set for 1-3 December
The largest construction exhibition in Cambodia, organized by the Cambodia Constructors Association (CCA), will be held from 1 to 3 December this year at the Diamond Island Convention and Exhibition Centre. To date, over 60% of exhibition booths have been sold to hundreds of construction-related products and services suppliers from both domestic and international levels, said CCA Secretariat Ge...
Read MoreStung Prek Tnaot Rehabilitation Project 60% Complete
The Stung Prek Tnaot Rehabilitation Project has been 64% completed, according to HE Mao Hak, Deputy Chief of Tonle Sap Authority on 25 August. After completion, the Prek Tnoat reservoir will help alleviate floods in Phnom Penh and Kandal Province, by releasing 1,350 cubic meters of water per second from the 7 Makara Dam. In order to relieve the flood in Stung Prek Tnaot, the ministry also di...
Read MoreCOVID-19 Vaccine Packaging Factory to Begin Construction in November
Construction on the first COVID-19 vaccine packaging plant in Cambodia located in the north of Phnom Penh will officially begin in November 2022 HE Mam Bunheng, Minister of Health, led the officials to the site of the factory on 26 August to inspect the sand dredging process and the construction of fundamental infrastructure to prepare for the official construction site. According to the Mi...
Read MoreConstruction of Dauntri Dam in Battambang Province 60% Complete
Construction of the South Korean-funded Dauntri Dam in Battambang province has been approximately 60% completed and is scheduled to open for operation in 2024. The update was unveiled by the Director of the Department of Water Resources and Meteorology of Battambang Province Mr Long Phalkun on 25 August. Mr Long Phalkun said that this irrigation system has great potential compared to all ot...
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