Local News
Trust Sector in Cambodia on Track to Reach US$1 Billion Capital Registration by End of 2023
The Trust Regulator (TR) in Cambodia has announced a positive outlook for the country’s trust sector, with a projected capital registration of more than US$1 billion by the end of 2023. As of March 2023, the total capital registered by the TR had already reached US$940 million, with 512 trusts registered. According to TR Director-General […]
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Rattanakiri Province Attracts 27 Private Companies for ELC Investment, 85% Vietnamese based
Rattanakiri province, with its favourable geographical and climatic conditions, has attracted a total of 27 private investment companies in the past five years to invest in economic land concessions (ELC), covering over 110,000 hectares. Over 85% of these companies are Vietnamese-based, according to Rattanakiri Provincial Governor HE Nhem Samoeun. Director of the Provincial Department of […]
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Over 32K Land Titles Registered in Ratanakiri Province in the Past 5 Years
The land administration sub-sector in Ratanakiri province has achieved a significant milestone in the past five years, registering more than 32,000 plots through systematic land registration. According to Mr. Ly Usaphea, Director of the Department of Land Management, Urban Planning, Construction, and Cadastral Affairs of Ratanakkiri Province, the registration covers 23 villages in one city […]
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NagaWorld Continues to Thrive, Reporting a Revenue of US$117 Million in Q1 2023
NagaWorld, Cambodia’s leading gaming company, reported a revenue of over US$117 million in the first quarter of 2023, a significant increase of 6.8% from last year. This impressive financial result is the highest quarterly profit since 2020, when the Covid-19 pandemic began. According to a quarterly report by NagaCorp, the Hong Kong-based parent company of […]
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Angkor Wat’s Q1 2023 Ticket Sales Surpass US$11M
The Angkor Archaeological Park has seen a surge in foreign visitors, with over 236,000 recorded in the first three months of 2023, according to a news release by state-owned Angkor Enterprise on 1 April 2023. The park has generated over US$11.13 million in ticket sales revenue for the same period, marking a remarkable 1,265% increase […]
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Loose Regulations Blamed for Recent Residential Construction Suspensions
The recent suspension of several Borey residential projects in Phnom Penh due to financial and contract issues has raised concerns about the loose regulations governing the real estate market in Cambodia. As a result, buyers have gathered on the public street, protesting for justice. While some have expressed fears that the suspensions may spread and […]
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Fairfield Bay Marriott Phnom Penh Officially Launches: The Ultimate in Luxury Hospitality
The Fairfield Bay Marriott Phnom Penh, a four-star luxury hotel, was officially launched on 31 March 2023, at the 45-storey Chip Mong Tower. The inauguration was presided over by HE Dr. HUN Manet and Lok Chumteav Dr Pich Chan Mony, and attended by more than 700 distinguished guests. The opening ceremony was graced by the […]
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Up to 150K land titles in Siam Reap issued to date
In the last five-year period from 2018 to early 2023, more than 48 476 plots of land were systematically registered for the people in 6 different districts of Siam Reap province, and since the implementation started in 2004, the provincial authorities have registered 150k titles. Addressing at a March 30 press conference on the province’s […]
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Royal Hong Lai Huot One Company Limited Launches the Royal Group Platinum Condo
Advertorial On 26th March 2023, Royal Hong Lai Huot One Company Limited announced the groundbreaking ceremony for the Royal Group Platinum Condo, a detached aerial villa built to Singaporean standards and management. With 851 residential units and 51 commercial units spread across 100,000 square meters, the Royal Platinum Condominium offers affordable residential and commercial buildings […]
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Over 97% of 7M Land Title Registration Complete as PM urges to Complete100% by 2023
The land registration process in Cambodia is almost complete, with over 97 percent of the total 7 million land titles registered nationwide, according to a statement from HE Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management, Urban Planning, and Construction. This achievement provides long-term security for Cambodian landowners and investor […]
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