US$85 million Entertainment Centre in Kandal Prince Manor Officially Opens
Samdech Prime Minister Hun Sen presided over the grand opening ceremony of Prince Manor on the morning of 07 October, a gigantic entertainment centre in Kandal Province. Located along NR1 in Kien Svay District, about 20km from Phnom Penh city centre, Prince Manor has been developed by Chinese firm Prince Culture and Tourism Development Co., Ltd. with an investment of US$85 million. Spread ov...
Read MoreQ&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real estate agent CBRE Cambodia organised a seminar on 30 September to clarif...
Read MoreHotel in Thailand Apologises for Using Angkor Art to Decorate Hotel
The owner of Le Palais Hotel in Koh Phangan has issued an apology following criticism for using ancient Khmer temple art as the designs for the hotel and restaurant. “We are extremely sorry for the frustration this has caused you and would like to clarify the vision from our founder’s heart and intention,” read the letter from Le Palais Hotel on 04 October. “We launched the hotel humbly only...
Read MoreCAMSOC Accelerating Construction of Athletes’ Village for SEA Games
The construction team at Morodok Techo Stadium is accelerating the construction of the Athletes' Village so that it will ready before Cambodia hosts the 32nd SEA Games in 2023. Secretary-General of the National Olympic Committee of Cambodia (CAMSOC) Vath Chamroeun said on 05 October that the Athletes' Village is a part the Morodok Techo Stadium project, on which construction is scheduled to be ...
Read MoreDefence Minister: Demolition of US-funded Defense Facility in Ream Not a Political Gesture
Deputy Prime Minister and Defence Minister Samdech Tea Banh clarified that the demolition of a US-funded Defence Facility in Ream last month is for development purpose with no intention to please any countries, according to AFP on 04 October. This explanation was made in response to the rumours claiming the demolition of this US building is a Cambodian government political gesture leaning towar...
Read MoreFive Khmer Students to Launch the First Cambodian Satellite to Space Next Year
A group of five Cambodian high school students at the Liger Leadership Academy are developing Cambodia's first mini-satellite and are planning to launch it from Cambodia into space for the first time in 2021. The project is called Liger CubeSat, which is a joint project of five high school students and six mentors with years of space experience. CubeSats are a standardised nanosatellite that...
Read MoreCentury Entertainment to Relocate Casino from Sihanoukville to Dara Sakor
Century Entertainment International Holdings, one of Hong Kong's largest casinos, will relocate its gaming floor from Sihanoukville to Dara Sakor district of Koh Kong province, according to G3 Newswire on 01 October. The operator said the gaming floor will be moved from its current location at the Sunshine Bay Hotel in Sihanoukville to a new site, as lease agreement with Sunshine Bay has alread...
Read MoreSihanouk Provincial Hall Mulls Giving Land to 53 Koh Rong & Koh Rong Samloem Families
Sihanoukville Provincial Administration is working on the possibility of giving to land to 53 families who have proof of occupying land in Sangkat Koh Rong and Sangkat Koh Rong Samloem Province, according to the administration’s announcement on 19 September. The announcement stated that those 53 families are required to submit the proof or related documents before 16 October 2020; otherwise, th...
Read MoreNew Prince Mall in Sihanoukville Opens
Sihanoukville Deputy Governor Kong Vitanak presided over the soft opening of another new mall in Sihanoukville, the Prince Mall on 01 October. Located in Sangkat 2, Sihanoukville, the project is an investment by Prince Huan You Real Estate Cambodia Group Co. Ltd and built on a total an area of 50,000 sqm. The mall comprises of modern retail, world-class food, high-end entertainment, famil...
Read MoreRing Road 4 Feasibility Study Completed
Minister of Public Works and Transport HE Sun Chanthol said on 30 September that the Ministry has already completed the feasibility study of the Ring Road 4 project. HE Sun said that despite the COVD-19 pandemic, the government has never stopped developing infrastructure. For example, the Ring Road 3 construction is ongoing as planned, while the feasibility study of the Ring Road 4 has already ...
Read MoreSouth Korea Provides US$50-million Loan to Build Forensic Centre in Cambodia
The Republic of Korea has provided a US$50-million loan to build a forensic centre in Cambodia to help strengthen diplomatic relations between the two nations. Cambodian Ambassador to South Korea Long Dimanche said on 29 September that the centre will focus on training judges, prosecutors, and forensic experts in the field of forensic research to fight crime involving women, drugs, cybercrime, ...
Read MoreOCIC Chairman Inspects New Airport Site Every 6 Months to Speed Up Construction
The OCIC Chairman Neak Oknha Pung Kheav Se will continue to inspect the new Phnom Penh airport construction site at least once every 6 months to encourage the working team and speed up construction. The latest visit was on 30 September, which was a co-inspection between Neak Oknha Pung Kheav Se and the Minister of the Secretariat of Civil Aviation HE Mao Havannal. Neak Oknha Pung said that u...
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