Cambodia among the top 10 destinations for affordable five-star hotels in the world
Cambodia is among the top 10 destinations in the world for affordable five-star hotels and is the only country in Asia listed in the ranking, which is dominated mostly by European countries. According to a study conducted by The Hotel Guru, European countries generally come out on top, with seven out of the top 10 […]
Read More
CDC approves US$12 million investment in three construction material factories
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$12 million in establishing three construction material factories in Phnom Penh, Sihanoukville and Takeo. The first project is an investment of about US$ 2.5 million by Ningo Bainian (Cambodia) Electric Appliance […]
Read More
Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
Read More
Special offer up to $80,000! Chip Mong Land opens three projects for sale at once
Chip Mong Land, a well-known real estate development company in Cambodia, will open three new project sale with at once with a special offer that you can save up to US$ 80,000. To the held from 29 February to 1 March 2020. the event will take place in Park Land 598, along the Chea Sophara […]
Read More
Tax on agricultural land exempted for another 100 years, says PM Hun Sen
The government has exempted tax on agricultural land for more than 41 years and will continue to exempt it for another 100 years or as long as the ruling party is in power, according to the prime minister. Samdech Techo Hun Sen made the announcement on 26 February during the inauguration ceremony for the official […]
Read More
Cambodia Airports vows to finish Sihanoukville Airport expansion by 2022
Cambodia Airports has vowed to finish the first phase of the Sihanoukville Airport expansion project by mid-2022, following the final master plan to boost this airport to accommodate larger aircraft and handle up to 10 million passengers per year. The statement was made during a meeting between the State Secretariat of Civil Aviation between the […]
Read More
PM Hun Sen inaugurates NR58 connecting Banteay Meanchey to Oddar Meanchey
Cambodian Prime Minister Samdech Hun Sen and the Chinese Ambassador to Cambodia Wang Wentian on 26 February together presided over the inauguration ceremony for the official opening of the National Road No. 58 connecting Banteay Meanchey to Oddar Meanchey. National Road No. 58 is 174km long connecting Samrong city in Oddar Meanchey to the National […]
Read More
CDC approves three major development projects worth over US$600 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$662 million in establishing a hospital, a shopping mall, and a multipurpose resort in Phnom Penh and Siem Reap. The first project is an investment of approximately US$478 million by Royal […]
Read More
PM Hun Sen vows to speed up oil production by 2020
Prime Minister Samdech Hun Sen has pledged to accelerate the first oil production in Cambodia from the Apsara oil field by 2020 but has yet to provide a specific date. Samdech Hun Sen made the statement during a press conference regarding the latest updates in Cambodia on 24 February. “I have not yet announced the […]
Read More
Hotels in Siem Reap exempted from tax for 4 months
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister […]
Read More
Government to expand NR1 from Phnom Penh to Neak Loeung
Some sections of National Road 1 from Phnom Penh to Neak Loeung will be expanded to reduce traffic congestion and accidents, according to the Minister of Public Works and Transport H.E Sun Chanthol. During the press conference on “Progress and Continuing Direction of Ministry of Public Works and Transport on 21 February, H.E. Chanthol stated […]
Read More
Construction of Stueng Trang-Krouch Chmar Bridge finished by December
The Cambodia-China Friendship Bridge (CRC) is 84% complete, according to HE Sun Chanthol, Minister of Public Works and Transport at a press conference on “Progress and Continuing Direction of Ministry of Public Works and Transport organised by the government spokesperson’s office at the Council of Ministers on 21 February 2020. Linking Stung Trang (Kampong Cham) […]
Read More