Local News
Angkor Ticket Sales Earn More Than US$37m Revenue in 2023
Cambodia garnered a remarkable US$37,198,988 from the sale of Angkor tickets in the first 12 months of 2023. This staggering revenue, earned from 798,069 foreign tourists, reflects a remarkable 222.68% surge compared to the same period in 2022, according to the Angkor Institute updated reports on 1 January 2024. The allure of Angkor Wat continues […]
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Gov’t Allocates 6 Hectares of Land in South Phnom Penh to Two Tycoons for Visionary Development
The Cambodian government has granted an expansive parcel of land, spanning nearly 6 hectares, in the burgeoning south of Phnom Penh to two distinguished tycoons. Sub-Decree No. 262, issued on August 15, 2023, paves the way for a visionary development that promises to redefine luxury living and contribute to the city’s urban evolution. The designated […]
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Cambodia’s Tourism Soars: Nearly Half a Million Chinese Tourists in 2023
In a remarkable surge for Cambodia’s tourism sector, the first 11 months of 2023 witnessed an influx of 498,250 Chinese tourists, constituting a noteworthy 10.1% of the total international tourist arrivals, according to the publication of the Chinese news website XINHUANET on 25 December 2023. A report by the Cambodian Ministry of Tourism indicates that […]
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Korean Firm Embarks on Ambitious Venture to Establish 100 E-mart 24 Stores in Cambodia by 2028
In a strategic move to tap into Cambodia’s thriving retail landscape, Hanlim Architecture Group, a prominent real estate services company, has finalised a groundbreaking agreement to facilitate the entry of Korean convenience store giant E-mart 24 into the Cambodian market. This collaboration unfolds through the joint venture Saihan Partners, established earlier this year as a […]
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Japan to Transform Cambodian Agriculture with Expansion of Cashew Processing Plant in Preah Vihear
Mirarth Agri Teach Co., Ltd., a Japanese enterprise, has unveiled plans to significantly expand its cashew processing plant in Preah Vihear province. The ambitious project, discussed during a meeting on 25 December 2023, between HE Dr Eang Sophalleth, Minister of Environment, and Mr Sasaki Koji, CEO of Mirarth Agri Teach Co., Ltd, seeks to amplify […]
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Japan’s Noble Initiative: US$1.3 Million Boost to Cambodian Demining Projects in Two Provinces
In a benevolent gesture, the Government of Japan has extended a generous grant of US$1,390,117 to the Japan Mine Action Organisation (JMAS) in Cambodia, marking a pivotal step towards fostering safety and reconstruction. The signing ceremony for this grant, dedicated to demining initiatives, took place on 19 December 2023. During the ceremony, HE Ou Nou […]
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Ministry of Land Eases Certification Procedures for Pre-2019 Factory & Warehouse Buildings
The Ministry of Land Management, Urban Planning, and Construction has introduced streamlined procedures for the certification of factory buildings and warehouses constructed before the implementation of the 2019 Construction Law. The initiative, outlined in letter No. 043 Don S / AS / SON dated 13 December 2023, is a collaborative effort with licensed construction inspection […]
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Marum Estate Grabs Dual Honours at 18th PropertyGuru Asia Property Awards Grand Final 2023
Setting a Benchmark for Excellence in Real Estate Innovation and Quality Marum Estate, developed by Sir Stamford Raffles (Cambodia) Co. Ltd., emerged triumphant at the esteemed 18th PropertyGuru Asia Property Awards Grand Final. This gala event, held at The Athenee Hotel in Bangkok, Thailand, celebrated Marum Estate’s distinction in two significant categories: Best Residential Development […]
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Gov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land […]
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ISI Park Veng Sreng: A Transformative Oasis Unveiled by ISI Group & Urbanland
In a spectacular unveiling, ISI Group and Urbanland set the stage for a new era in urban development with the official launch of ISI Park Veng Sreng. The culmination of over 25 years of visionary progress, ISI Park Veng Sreng emerges as a cutting-edge mixed-use business and lifestyle hub, promising to redefine the landscape of […]
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