Property Focus
Crafting Cambodia’s Real Estate Legacy: A Time to Build & Uphold Reputations
In the dynamic landscape of Cambodia’s real estate, developers are presented with a pivotal moment – a juncture where reputations can be forged or lost for generations to come. The ongoing market fluctuations, characterised by unchanged prices and a substantial 40% drop in secondary sale values, provide a unique opportunity for strategic decision-making, according to […]
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Gov’t Initiates Stringent Crackdown on Large-Scale Illegal Gold Mining in Memot District, Tbong Khmum Province
The Ministry of Mines and Energy (MME) has launched a renewed crackdown on large-scale illegal gold mining operations located in Sampov Loun village, Choam Tamao commune, Memot district, Tbong Khmum province. The ministry’s proactive stance was communicated through an official press release on 10 January 2024. This decisive campaign follows previous crackdowns in September 2021 […]
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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The […]
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Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution
In a visionary statement, His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction (MLMUPC), revealed the immense economic potential of the Cambodian Sea, projecting a substantial annual contribution of approximately US$2 billion to the nation. The declaration came during a pivotal meeting on 8 January 2024, convened […]
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Cambodia Airways Elevates Connectivity with Launch of Phnom Penh-Chongqing Flights
In a strategic move to enhance trade links with China and bolster tourism, Cambodia Airways inaugurated direct flights from Phnom Penh to Chongqing on 6 January. The twice-weekly round-trip flights, operational on Mondays and Saturdays, aim to fortify ties between Cambodia and China, especially in the aftermath of the global crisis, according to Tin Media […]
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Sihanoukville Takes the Crown for Best New Year Celebration in 2024
In a resplendent declaration, Sihanoukville clinches the prestigious title of “Best Countdown City of the Year” for its unparalleled New Year celebration, triumphing over Battambang and Siem Reap. This announcement, dated 5 January 2024, is a result of the keenly contested competition organized by the National Committee for Clean City Assessment (NCCCA) and the Ministry […]
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Sihanoukville Enhances Connectivity with Government Initiative: Free Wi-Fi Unveiled in Key Public Areas
In a strategic move to bolster connectivity and foster digital accessibility, the Sihanoukville Provincial Department of Posts and Telecommunications has successfully implemented a Public Wi-Fi project in prominent public spaces and major entertainment hubs within Sihanoukville. Chaired by Mr Yus Sothea, Director of the Department of Posts and Telecommunications of Preah Sihanouk Province, a meeting […]
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Gov’t Extends Tax Incentives to Boost Real Estate to End of 2024
The Cambodian government has announced an extension of the tax grace period to bolster the real estate sector and facilitate access to affordable housing for low- and middle-income citizens amidst global economic uncertainties. The decision, outlined in a notification from the Ministry of Economy and Finance dated 4 January, involves the continued exemption of stamp […]
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Bouyong Group’s Generosity Drives Prey Veng’s Public Services: 35 Buses Donated for Enhanced Transportation
In a benevolent gesture, Bouyong Group has presented a gift of 35 buses to the Prey Veng Provincial Administration, marking a significant contribution to the region’s public services. The official handover ceremony took place at the Sihanoukville Autonomous Port on 4 January 2023. The donated buses are intended for the management and utilization by the […]
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Ho Chi Minh City Authorities Impose 7.5 Million VND Fine on TikTok User for Defaming Angkor Wat
Ho Chi Minh City authorities have issued a fine of 7.5 million VND ($306) to Vietnamese TikTok user Hua Quoc Anh for allegations of defaming Cambodia and Angkor Wat, claiming the ancient temple belongs to Thailand. This information is reported by Vietnam.vn on 5 January 2024. In the official announcement of the fine on Wednesday, […]
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