Property Focus
To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
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Kampong Speu Authorities Confiscate Over 3,400 Hectares of Forest Land in Oral Mountain Sanctuary
Kampong Speu provincial authorities have confiscated an additional 3,434 hectares of forest land in the Oral Mountain Wildlife Sanctuary, reclaiming it as state property. This decision follows the recent confiscation of more than 1,400 hectares of forest land earlier in 2024, as stated in the order dated 7 June 2024. The order mandates the confiscation […]
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Phnom Nam Lear & Phnom Kulen to Become Geographical Heritage Conservation Areas
The Ministry of Environment has announced plans to transform Phnom Kulen and Phnom Nam Lear into Geo-Parks, aiming to preserve the earth’s geographical heritage. Concurrently, a three-hectare regional nursery project in Phnom Kulen has been completed. This development was confirmed by Mr. Eang Sophalleth, Minister of Environment, during a meeting with Prof. Dr. Watanabe Koichiro, […]
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Dubai Issues Golden Visa: A Luxury House Costs US$24m, Still Cheap for Chinese Buyers
Dubai’s Booming Market and Golden Visa Scheme Lure Investors from Mainland China and Hong Kong Fuelled by a thriving real estate market and a fast-track residency program, Dubai is rapidly becoming a top destination for property investors from mainland China and Hong Kong, according to industry experts. This shift in investor focus comes after years […]
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Gov’t Confiscates Nearly 30,000 Hectares of Illegally Occupied Land in Stung Treng
The Department of Agriculture, Forestry, and Fisheries of Stung Treng Province has announced the confiscation of 28,872.477 hectares of land illegally encroached upon by various individuals. Occupants have been instructed to dismantle their structures and vacate the land by 30 June 2024. This directive follows measures to prevent and reclaim illegally occupied land, as detailed […]
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Singapore Airlines Achieves Nearly US$2 Billion Annual Profit Amid Surging Demand
Singapore Airlines has reported a remarkable annual profit of S$2.68 billion (US$1.99 billion) for the fiscal year, a significant rise from the S$2.16 billion recorded the previous year. This achievement underscores the airline’s robust performance and strategic market positioning, according to CAN on 15 May 2024. The surge in profits was primarily driven by increased […]
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Special Borey Peng Huoth’s Mid-Year Promotion: Buy a House and Get a Luxury Car!
Don’t miss out on this extraordinary Mid-Year Celebration promotion. Borey Peng Huoth is offering an unbeatable deal throughout June 2024: purchase a house and receive a luxury electric car, the Toyota BZ4X 01, instantly. This exclusive promotion includes six exceptional packages, making it the perfect time to invest in your dream home. As part of […]
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Cambodia Honours Eight Top Cashew Processors of 2024
On 6 June 2024, the Ministry of Agriculture, Forestry and Fisheries (MAFF) celebrated the winners of the 2024 Best Cashew Processors Competition, awarding eight companies and enterprises for their excellence in cashew processing under the chairmanship of HE Oung Kosal, Secretary of State of MAFF. The top honours were awarded to companies from various provinces, […]
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World Bank Grants Nearly US$80m to Cambodia to Enhance Over 1,500 Educational Institutions Nationwide
The World Bank has allocated an additional US$79.5 million to Cambodia to improve access to quality education across 1,590 educational institutions. This expansion, announced in a press release on 30 May 2024, builds upon an initial funding package of US$69.25 million approved in January 2022. The new financing package includes a US$60 million loan from […]
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Cambodia Earns Nearly US$23m from Angkor, Koh Ker, and Boat Ride Tickets in First Five Months of 2024
In the first five months of 2024, Cambodia generated US$22,759,098 from the sale of tickets to Angkor, Koh Ker, and boat rides, according to a report by the Angkor Institute on 1 June 2024. This impressive revenue highlights the growing attraction of Cambodia’s historical and cultural sites. The report details that during this period, Cambodia […]
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