Sihanoukville Tourism Port: A Gateway to Unforgettable Island Adventures
The grand inauguration of the Sihanoukville Tourism Port, spanning over 2 hectares of land, marks a significant milestone in Cambodia’s tourism landscape. The momentous event, held on July 6, 2023, was graced by the presence of HE Dr. Thong Khon, Minister of Tourism, symbolizing the port’s official commencement. Under the leadership of Tycoon Tea Vichet, […]
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Grand Inauguration of US$43 Million NSSF Headquarters Showcases Modernity and Efficiency
The National Social Security Fund (NSSF) proudly unveiled its new headquarters, a state-of-the-art building valued at US$43 million, during an official inauguration ceremony on July 6, 2023. Dr. Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, presided over the momentous event. The impressive 21-story building, situated in Banlea Set Village, Sangkat […]
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Sihanoukville Provincial Hall Complex Nears Completion with 95% Progress
The construction of the new Sihanoukville Provincial Hall, valued at US$3 million, has reached an impressive completion rate of 95% as of July 6. HE Kouch Chamroeun, Governor of Preah Sihanouk Province, conducted a site inspection on the same day to assess the progress. The project, undertaken by two companies, VT and Mohanakor, has made […]
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NBC Urges Prudence in Real Estate Loans Amid Projected Market Slowdown
The NBC has issued a cautionary statement to banks and microfinance institutions, emphasizing the importance of exercising prudence in granting real estate loans. This advisory comes in light of the projected slowdown in the demand for real estate within the domestic market for the current year. During a seminar held at the Center for Banking […]
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Cambodia’s Angkor Wat Ticket Sales Surge in H1 2023, Generating Nearly US$18 Million
In the first half of 2023, Cambodia witnessed a remarkable surge in revenue from ticket sales to the iconic Angkor resort. According to a report released by the Angkor Institute on July 1, 2023, the country earned an impressive US$17,877,418 from selling tickets to 385,769 foreign tourists during this period. This revenue marks a staggering […]
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China Sends Second Batch of TCM Experts to Cambodia, Strengthening Healthcare Collaboration
Phnom Penh, the capital of Cambodia, welcomed the arrival of the second batch of highly skilled Chinese medical teams specializing in traditional Chinese medicine (TCM) on Tuesday evening. With a dual mission in mind, this team aims not only to provide routine medical treatments but also to bolster the establishment of the China-Cambodia Traditional Chinese […]
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Boeung Choeung Ek Wastewater Treatment Plant Nears Completion at 80% Progress with US$20M Investment
Exciting progress has been made on the construction of the Boeung Choeung Ek Water Treatment Plant, a monumental project valued at over US$20 million. As of July 5, 2023, the plant has reached an impressive completion rate of 80%, with the anticipated deadline set for November 2023. The Department of Public Works and Transport of […]
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Korea Extends Generous Funding of Nearly US$2 Million for New Referral Building in Pursat Province
In a significant development, the construction of a new non-communicable disease building at Pursat Provincial Referral Hospital, valued at nearly US$2 million, has commenced. The groundbreaking ceremony for this vital project took place on June 27, 2023, with the esteemed presence of HE Professor Mam Bunheng, Minister of Health, HE Khoy Rida, Governor of Pursat […]
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MB Bank and Borey Peng Huoth Join Forces to Offer Special Home Purchase Loans
In a significant collaboration, MB Bank Cambodia and Borey Peng Huoth recently held a Partnership Signing Ceremony at the prestigious Grand Star Platinum Sales Office, located just 5 minutes away from Monivong Bridge in Chbar Ampov. This event, which took place on the morning of June 30, 2023, saw the attendance of senior management representatives […]
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GOV’s Endeavors: Over 5,000 Houses Gifted to Veteran Families by 2023
In a remarkable display of gratitude and support, the Cambodian government has presented a total of 5,154 houses to veterans and their families by 2023. This significant achievement was highlighted by HE Mang Sineth, Deputy Governor of Preah Sihanouk Province, on the auspicious occasion of the 16th anniversary of the 21st Cambodian Veterans Day in […]
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NR No.10 Upgrade in Pursat Province Reaches Final Stages, Enhancing Connectivity
The construction of NR No.10 in Pursat province has reached its final stages, as reported by the Pursat Provincial Administration on June 28, 2023. The completion of a section from Veal Veng town, Bramoy commune to O’Som commune brings significant improvements to travel accessibility in the region. NR No.10 serves as a vital transportation link, […]
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Stamp Duty Exemption Costs the Gov’t Nearly US$2 Million in Revenue
Over the period spanning from February 25, 2020, to May 2023, the General Department of Taxation (GDT) has granted stamp duty exemption on the transfer of ownership or possession of immovable properties. According to the GDT’s weekly newsletter published on June 29, a total of 1,022 documents were exempted, resulting in a cumulative tax amount […]
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