Canada plans to open an embassy in Phnom Penh soon
Canada plans to open its embassy in Phnom Penh soon to strengthen the long-term relationship between Cambodia and Canada, especially in trade cooperation. This decision came after a working meeting between Prime Minister Hun Manet and His Excellency Justin Trudeau, Prime Minister of Canada, on October 10, 2024, in Rieng Chan, Laos. During the meeting, […]
MOEF decided to continue exempting the stamp duty on houses worth less than or equal to USD 70K until the end of 2025
The Ministry of Economy and Finance has decided to continue exempting stamp duty on the transfer of ownership or possession of all types of housing in the form of Boreys with a value of less than or equal to 70,000 US dollars until the end of 2025. This is according to the notification No. 014 […]
Svay Pak Pumping Station Nears Completion, 96% Finished, Set to Alleviate Northern Phnom Penh Flooding
The new Svay Pak pumping station, crucial for addressing the flooding in northern Phnom Penh, is now 96% complete, according to the Phnom Penh Department of Public Works and Transport’s update on 9 October 2024. The project is part of a broader initiative to expand flood control capabilities in the city, with the station’s total […]
China Grants Over USD 42 Million to Boost Cambodia’s Infrastructure Development
To Cambodia’s infrastructure development, China has pledged 300 million yuan (approximately USD 42 million) in grants. This commitment, aimed at advancing Cambodia’s infrastructure, was confirmed during a bilateral meeting between Cambodian Prime Minister Hun Manet and Chinese Prime Minister Li Qiang at the 44th and 45th ASEAN Summits in Vientiane, Laos. The pledge reflects China’s […]
Borey Peng Huoth Launches Unprecedented 19-Year Installment Plan at Only 9% Interest
Celebrating 19 years of real estate excellence, Borey Peng Huoth is offering an unparalleled financing opportunity with its new “19 Years Biggest Offer” program. Homebuyers can now take advantage of a 19-year direct installment plan with the company at just 9% annual interest, without the need for income verification. Alongside this, the company provides a […]
Cambodia Approves 28 New Projects in September, Attracting USD443 Million Investment
Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as an attractive hub for both local and international investors. The Council for the Development of Cambodia confirmed the details in […]