Vietnam’s Phu Quoc Island Intends to Challenge Phuket and Bali as Region’s Top Tourist Destination
The Vietnamese government and private companies have recently expressed their ambition to further develop Phu Quoc island to become the region's leading tourist attraction, challenging other island paradises such as Phuket in Thailand and Bali in Indonesia, reported Nikkei Asia. Phu Quoc used to be famous for only its fish sauce production before 2013, but things changed after the Vietnamese go...
Read More5 Essential Things to Know When Owning Adjoining Property in Cambodia
Did you know that according to the Civil Code, the owner of a landlocked property/land can demand to build an access route passing through neighbouring lands? And if the neighbouring landowner does not agree to the request, you can file a complaint to the court? This is just one of the rights for adjoining property owners. Let's find out what more about owning a joint-border property in Cambodia. ...
Read MoreKep Authorities Plan to Develop Two New Public Beach Resorts
The Coastal Development Committee is currently studying locations and planning to develop two new public beach resorts in Kep province, according to a meeting of the Kep Provincial Administration on Tuesday 08 June. The two locations that the committee is considering are a natural beach in Thmey Village, Sangkat Prey Thom in Kep City; and another natural beach in Ang Koul village, Ang Kol commu...
Read MoreProperty Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2021 before 30 September, according to a GDT announcement on Tuesday 08 June. GDT added that, to date, there are still many property owners yet to declare their taxes. Thus, to avoid late payment and congestion during the deadline month, GDT ...
Read MoreConstruction of First PP-SHV Expressway Interchange Complete
The first interchange of the Phnom Penh-Sihanoukville Expressway project has been completed, while the overall progress of the entire expressway has reached about 50% to 60%, according to the Facebook page of the Phnom Penh-Sihanoukville Expressway yesterday. This interchange will enable vehicles to enter or exit the expressway, which is a safe and convenient method for fast traffic like on an ...
Read MoreConstruction of New Bokor City Administration Building to Begin Soon
Construction of the new Bokor city administration building is expected to begin soon as the Kampot Provincial Administration is currently inspecting the potential location. Kampot Governor HE Cheav Tay said during the site inspection on Tuesday 08 June that the potential would be a spot nearby the Kampot Provincial Department of Environment, next to the checkpoint going up to the Thansur Bokor ...
Read MoreNagaCorp Confirms Lay-Offs, Pay Cuts as Proactive Measures
The operator of NagaWorld integrated resort (IR) NagaCorp has confirmed job lay-offs and pay cuts as “proactive measures” to manage the impact of the COVID-19 pandemic, given that the casino has been closed since early March, according to its report issued yesterday. “We have taken proactive measures to manage the situation. We launched a rationalisation program to improve cost efficiency, whic...
Read MoreCambodia’s Oil Extraction Operator KrisEnergy Unable to Pay Debts, Requests Liquidation
Cambodia’s oil extraction operator KrisEnergy has announced that it is unable to pay its debts based on actual and/or contingent liabilities and will soon proceed to liquidation, according to the firm’s press release on 4 June. KrisEnergy on the same date already submitted a winding-up petition to the Grand Court of the Cayman Islands. Meanwhile, the hearing date for the Winding Up Petition wil...
Read MoreChinese Firm to Build US$200 million Tire Plant in Sihanoukville
China-based Jiangsu General Science plans to build a US$200 million (1.3 billion yuan) tire plant in Sihanoukville with the capacity to produce 6 million units of passenger car tires annually, reported European Rubber Journal. To be located in the Sihanoukville special economic zone, the plant is expected to take 15 months to complete and is set for operation in September 2022. According to ...
Read MoreMPWT Urges Private Firm to Strengthen Construction Techniques for NR146B & NR148
The Ministry of Public Works and Transport (MPWT) has urged the construction company to further strengthen techniques and follow all the agreed specifications for the NR146B and NR148 renovation projects, to ensure high quality and durability. Minister of Public Works and Transport HE Sun Chanthol said during the site inspection on the morning of 09 June that the project is going smoothly, whil...
Read MoreTechnical Study on “Forever-Damaged” Kampot-Veal Renh Route to be Completed This Year, Expected to Cost US$60 million
A study to properly repair the so-called ‘forever damaged' Kampot-Veal Renh road section is scheduled to be completed by the end of this year, with an estimated rehabilitation cost of about US$60 million. This is according to an inspection by the Minister of Public Works and Transport HE Sun Chanthol on Saturday 5 June. The NR3 section from Kampot to Veal Renh has a total length of 54.3 km, ...
Read MoreHLH Group Sells its Farm Resort Business in Singapore to Focus on Cambodia Operations
Hong Lai Huat (HLG) group will be disposing its entire equity interest in HLH Agri R&D for the price of approximately US$3.6million, with the aim to focus more on their businesses in Cambodia, reported The Business Times. HLH Agri International has entered into a sale and purchase agreement with Gallop Green, a seafood farming and waste treatment disposal company, for the sale of the entire...
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