MOT Unveils Strategic Blueprint for Coastal Tourism Renaissance in Sihanoukville
In a strategic move to fortify Sihanoukville’s standing as a coastal tourism gem, the Ministry of Tourism (MOT) recently hosted a consultative workshop on the “Plan to Promote Investment and development of Coastal Tourism” on 8 November 2023, in Sihanoukville. HE Un Wallerro, Secretary of State of the Ministry of Tourism, emphasized the province’s untapped […]
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Gov’t Unveils Stimulus: Stamp Duty Tax Exemption on Real Estate Under US$70,000 until 2024 Year-End
Prime Minister Samdech Hun Manet announced during the 19th “Government-Private Sector” forum on 13 November 2023, that the government is extending the stamp duty tax exemption for real estate valued under US$70,000 until the close of 2024 to foster homeownership and stimulate the real estate market. PM Hun Manet stated, “We will continue the stamp […]
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Gov’t Initiates Two Measures in Siem Reap to Propel Tourism Growth in 2024
In a groundbreaking move to fortify the tourism sector, Prime Minister Hun Manet unveiled pivotal measures at the 19th “Royal Government-Private Sector” forum on 13 November 2023, geared towards propelling Siem Reap’s tourism to unprecedented heights in 2024. PM Hun Manet’s visionary announcement included a comprehensive study on transforming Phnom Kulen in Siem Reap into […]
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Takeo Provincial High School Breaks Ground on Cutting-edge Technology Centre Construction
The groundbreaking ceremony for the construction of Community Technology Centres (CTCs) at public high schools in Takeo province took place on 10 November 2023. HE Excellency Chea Vandeth, Minister of Posts and Telecommunications (MPT), presided over the ceremony, marking a pivotal step in bolstering digital education and literacy. The primary objective of the Community Technology […]
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Female Nigerian Entrepreneur Transforms Tyre Waste into Sustainable Construction Products
In the bustling city of Lagos, a visionary entrepreneur, Ifedolapo Runsewe, is revolutionising the way Nigeria deals with tyre waste. Through her company, Free Recycle, Runsewe is not only addressing the environmental challenge posed by discarded tyres but also creating valuable products for various applications. The Free Recycle factory, a beacon of sustainability, processes over […]
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PM Unlocks Opportunities: Foreigners Granted 50-Year Leasing Rights for Real Estate in Cambodia
In a significant announcement at the 19th “Royal Government-Private Sector” forum on 13 November, PM Samdech Hun Manet unveiled a groundbreaking initiative granting foreigners the legal right to long-term leases for real estate in Cambodia, extending up to an impressive 50 years. This landmark decision comes at a time when foreign ownership of land remains […]
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“Shophouse Magic” business house makes your business dream come true
The shophouse is a home that is gaining the satisfaction and desire of customers because this type of home can do business as well as stay and is in a potential area. We would like to introduce a kind of shophouse, Borey Peng Huot’s Majestic Shophouse, which is elegantly designed in a new European style, […]
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Urbanland Breaks New Ground with Chankiri 2 – Another New Borey Concept Designed for Better Living
Urbanland is pleased to share the news of the groundbreaking ceremony held on Thursday, 09 October, for the highly anticipated project, Borey Chankiri 2. This incredible event signifies the official start of its construction, marking the beginning of the development and commitment to providing an exceptional quality of life right next to Steung Prek Thnoat. […]
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PM: To Spur Economic Activity, Unused Land with Size More Than 5 Hectares is Subject to Tax
Prime Minister Samdech Hun Manet revealed a groundbreaking tax reform concerning unused land in Cambodia. The prime focus of this reform is to impose taxes on idle lands exceeding 5 hectares, while lands below this threshold will enjoy exemption. The pivotal announcement was made at the 19th “Royal Government-Private Sector” forum on 13 November 2023. […]
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China Contributes to Construction of 37 roads of 3,077km Over 37 Roads & 10 Major Bridges, Worth US$2.1bn in Cambodia
Infrastructure projects fuelled by China’s concessional loans and grants have ushered in a new era of progress in Cambodia, with completed and ongoing ventures boasting a total investment of US$3,340 million. The revelation came during the celebration of the first anniversary of the Phnom Penh-Sihanoukville Expressway on 7 November as articulated by HE Sun Chanthol, […]
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CCA & Ministry of Labour Join Forces to Empower Cambodian Workforce in the Construction Sector
In a landmark move aimed at fostering skill development and enhancing employment opportunities, the Cambodian Constructors Association (CCA) and the Ministry of Labour and Vocational Training inked a Memorandum of Understanding on cooperation in internships and technical training. The signing ceremony, held on 11 November 2023 at the Koh Pich Exhibition and Convention Centre, marked […]
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ERA Cambodia Marks 5 Years of Condo Sales Triumph with Visionary Expansion Plans in 2024
In a grand celebration of five years of unprecedented success, ERA Cambodia, a globally acclaimed company specialising in condominium services, hosted its 5th Annual Business Conference at the Hyatt Regency Phnom Penh on 11 November 2023. The event not only commended outstanding agents but also unveiled ambitious plans for future expansion, reflecting the company’s strong […]
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