Property Focus
Australia Commits US$262 Million to Boost ASEAN Maritime and Development Initiatives
In a significant move to strengthen development and security in Southeast Asia, Australia has announced an infusion of an additional US$262.5 million into its programs in the region. This financial commitment was unveiled by Foreign Minister Penny Wong at the outset of the ASEAN-Australia Special Summit held in Melbourne on Monday, 4 March 2024, according […]
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Cambodia-Thailand Partnership to Prevent Wildfires, Take Another Step After Setting Up “Joint-Emergency Hotline”
In a groundbreaking development, Thailand and Cambodia have embarked on a collaborative venture to establish a special working group dedicated to wildfire prevention, marking a significant step towards enhanced disaster management. This initiative comes in response to the recent identification of multiple wildfire hotspots within Cambodia, underscoring the urgent need for concerted efforts in tackling […]
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Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024
In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of […]
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GGEAR Group & LG Electronics Unveil Advanced 2024 Business & Residential AC Solutions
GGEAR Group, in partnership with LG Electronics, recently hosted the “LG Showcase 2024” at the Hyatt Regency Hotel Phnom Penh. The event, held on 29 February 2024, marked a significant milestone in the introduction of LG’s 2024 series of electronics to the Cambodian market, specifically targeting the sophisticated needs of modern homes and businesses through […]
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Cambodia Crowned Asia’s Top Cultural Tourism Destination for 2023
In an illustrious recognition of its rich cultural heritage, Cambodia has been named Asia’s leading cultural tourism destination for the year 2023, the Ministry of Tourism of Cambodia confirmed on 28 February 2024. This prestigious accolade was awarded by the World Travel Awards, known globally for its critical assessment and acknowledgement of excellence in the […]
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Sofitel Phnom Penh Attains Green Globe Certification, Leading Environmental Innovation in Cambodia
In a significant achievement, Sofitel Phnom Penh Phokeethra has become the first hotel in Phnom Penh and the inaugural ACCOR property in Cambodia to receive the prestigious Green Globe Certification. This accolade, reported by einnews.com on 23 February 2024, underscores the hotel’s commitment to sustainable practices and responsible tourism. Nestled in the historic quarters amidst […]
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Gov’t Pledges Over US$60 Million Injection to Catalyse Cashew Production by 2024
The Cambodian government has allocated a US$35 million loan initiative through the Rural Development and Agriculture Bank (ARDB). This announcement, revealed during the 10th World Cashew Conference in Siem Reap on 1 February 2024, was presided over by HE Dr Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance. Simultaneously, the government […]
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Exclusive Chinese New Year Promotion: Limited Time Offer on Borey Peng Huoth Homes, Only 5 Days Left
In celebration of the Chinese New Year, Borey Peng Huoth is presenting a unique opportunity for potential homebuyers in February 2024. With just 5 days remaining, interested individuals can seize this golden opportunity. This special promotion encompasses an additional discount of up to $60,000, an exclusive voucher for hosting events at the prestigious PH Grand […]
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MEF Unveils Tax Relief Measures to Revitalize Tourism for Hospitality Business in 5 Provinces
To rejuvenate the tourism sector, the Ministry of Economy and Finance (MEF) has introduced tax incentives for tourism enterprises operating in five key provinces. According to the recent Prakas No. 119 MEF.PrK.PD issued on 8th February 2024, eligible businesses, including hotels, guesthouses, restaurants, and travel agencies, are set to benefit from these measures. This intervention […]
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Embrace the New Year with Borey Peng Huoth – Homes that Radiate Happiness!
As we step into a new year, the evolving landscape of home design in Cambodia reflects modern aesthetics, offering dwellers a blend of contemporary elegance and functionality. Borey Peng Huoth, a leading real estate developer, stands as a beacon for those in search of homes that embody the essence of joy and fulfillment, be it […]
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