Gov’t Extends Tax Incentives to Boost Real Estate to End of 2024
The Cambodian government has announced an extension of the tax grace period to bolster the real estate sector and facilitate access to affordable housing for low- and middle-income citizens amidst global economic uncertainties. The decision, outlined in a notification from the Ministry of Economy and Finance dated 4 January, involves the continued exemption of stamp […]
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Six Chinese Firms Eye Cambodia’s Cashew Potential for Green Energy Revolution
In a groundbreaking development for Cambodia’s agro-industrial landscape, six prominent Chinese companies have expressed keen interest in establishing cashew processing plants in the country, with a unique focus on transforming cashew shells into Cashew Nut Shell Liquid (CNSL). This revelation comes from the Cashew Nut Association of Cambodia (CAC), adding a promising chapter to the […]
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Symbol of Solidarity: Cambodian Veterans Association Unveils US$1.2m Headquarters
The Cambodian Veterans Association proudly inaugurated its new headquarters in Koki commune, Kien Svay district, Kandal province. The auspicious event was led by HE Kun Kim, Senior Minister, Vice President, and Secretary General of the Cambodian Veterans Association on 4 January 2024. The landmark groundbreaking for this distinguished building took place on 25 November 2018, […]
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Bouyong Group’s Generosity Drives Prey Veng’s Public Services: 35 Buses Donated for Enhanced Transportation
In a benevolent gesture, Bouyong Group has presented a gift of 35 buses to the Prey Veng Provincial Administration, marking a significant contribution to the region’s public services. The official handover ceremony took place at the Sihanoukville Autonomous Port on 4 January 2023. The donated buses are intended for the management and utilization by the […]
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Ho Chi Minh City Authorities Impose 7.5 Million VND Fine on TikTok User for Defaming Angkor Wat
Ho Chi Minh City authorities have issued a fine of 7.5 million VND ($306) to Vietnamese TikTok user Hua Quoc Anh for allegations of defaming Cambodia and Angkor Wat, claiming the ancient temple belongs to Thailand. This information is reported by Vietnam.vn on 5 January 2024. In the official announcement of the fine on Wednesday, […]
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Revitalising Connectivity: Reconstruction Completed for Collapsed Section of Mondulkiri’s Road 76
In a significant development, the Ministry of Public Works and Transport announced on 5 January 2024, that the reconstruction of Road 76, spanning from PK94 + 080 to PK94 + 150, has been completed and is now open to normal traffic. The section of National Road No. 76 faced a collapse of approximately 166 metres […]
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Cambodia’s Three-Decade Triumph: Over 1,000 Square Kilometres Liberated from Mines
In a monumental feat spanning over three decades, Cambodia has successfully liberated more than 1,000 square kilometers of land through dedicated demining efforts, as reported by the Cambodian Mine Action Center (CMAC) in the Khmer Post on 4 January 2024. Since its inception, CMAC has meticulously uncovered and neutralized over 3 million landmines and unexploded […]
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Svay Rieng’s Ambitious Irrigation Initiatives Set to Benefit Over 200,000 Hectares for Agricultural Livelihoods
In a strategic move to harness the potential of the Mekong River and bolster agricultural productivity, the Ministry of Water Resources and Meteorology has successfully initiated two expansive irrigation projects in Svay Rieng province. The combined capacity of the Vaiko Irrigation System and the Dauntoy Irrigation Project exceeds an impressive 200,000 hectares, promising to revolutionize […]
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Powering Progress: Cambodia Surges Ahead with 26 Energy Plants Generating Over 3,400MW
In a landmark achievement for Cambodia’s energy landscape, the nation concludes 2023 with 26 operational energy plants boasting a collective installed capacity of 3,451 megawatts. This significant milestone, revealed by the Ministry of Mines and Energy in a compelling video documentary highlighting key accomplishments in the energy, mines, and oil sectors, underscores Cambodia’s commitment to […]
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Cambodia Shines as a Gold Refining Hub: 9.5 Tons of Gold Processed by 2023
In a testament to Cambodia’s growing prowess in the mining sector, industrial gold refinery plants have successfully processed a total of 9.5 tons of gold ore from the commencement of commercial gold production in 2021 to the conclusion of 2023. This significant achievement was spotlighted in a video document released by the Ministry of Mines […]
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Cambodia’s Economic Surge: 2023 Witnesses 44% Spike in Approved Investment Projects
The Council for the Development of Cambodia (CDC) gave the green light to 268 investment projects in 2023, marking a substantial 44% increase compared to the previous year. This surge in projects includes 247 new ventures and 21 expansions, reflecting a dynamic and expanding business landscape within the country. The total investment capital for these […]
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ASEAN Tourism Rankings 2023: Malaysia Takes the Lead, Thailand Secures Second Spot, Followed by Vietnam
Southeast Asia experienced a stellar revival in its tourism sector throughout 2023, with Malaysia emerging as the frontrunner in welcoming international visitors, boasting an impressive 26 million foreign tourist arrivals from January to November. Following closely, Thailand welcomed approximately 24.6 million tourists during the same period, underscoring the robust rebound of its tourism sector. Vietnam […]
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