PENINSULA BAY INVESTMENT CO., LTD Announces Ambitious USD 1 Billion Expansion in Sihanoukville
In a bold move to transform Sihanoukville’s landscape, PENINSULA BAY INVESTMENT CO., LTD has unveiled plans to invest an additional USD 1 billion to develop new hotels, shopping malls, and entertainment venues. This announcement was made during a recent project update, revealing the company’s commitment to enhancing the vibrant coastal province of Preah Sihanouk. Project […]
Major Milestone Achieved at Tonle Sap Lake
In a significant development for environmental management and regional demarcation, the Tonle Sap Authority has announced the successful completion of border post constructions in three key areas surrounding the iconic Tonle Sap Lake. This ambitious project has reached a remarkable 100% completion, with a total of 1,224 border posts erected across six provinces. During a […]
Bridge Project Across Bassac River Hits Milestone: 16% Completion Achieved
The much-anticipated bridge project connecting Chak Angre Krom to Prek Pra over the Bassac River has officially reached a significant milestone, now standing at 16% completion after nearly a year of construction. HE Phorn Rim shared this update, the spokesperson for the Ministry of Public Works and Transport. Construction on the bridge began on February […]
Cambodian Government Announces Exciting Initiative to Beautify National Roads
To enhance the visual appeal of cities and towns across the country, the Cambodian government is launching a groundbreaking campaign called “National Road Free of Plastic Trash” starting January 1, 2025. This initiative, spearheaded by the Ministry of Environment, aims to revitalize major national roads—including Roads 3, 4, 41, and 51—by ensuring they are free […]
Cambodia’s Cement Industry Surges with Over USD 1.2 Billion Investment
In a landmark development for Cambodia’s economic landscape, the nation’s cement industry has reached an impressive production level worth over USD 1.2 billion, catering to both domestic needs and export markets. This announcement was made during a pivotal meeting between Prime Minister Samdech Hun Manet and Mr. Ratchayut Kasemchaisiri, Chairman of the Cement Industry Association […]
Cambodia Announces Stamp Duty Exemption for First-Time Home Buyers in 2025
In a significant move to boost the real estate market and support first-time home buyers, the Royal Government of Cambodia has announced a one-year exemption from stamp duty for properties priced at USD 210,000 or less. This initiative will be effective from January 1, 2025, to December 31, 2025, according to the government’s announcement issued […]