Property Focus
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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Cambodia’s Three-Decade Triumph: Over 1,000 Square Kilometres Liberated from Mines
In a monumental feat spanning over three decades, Cambodia has successfully liberated more than 1,000 square kilometers of land through dedicated demining efforts, as reported by the Cambodian Mine Action Center (CMAC) in the Khmer Post on 4 January 2024. Since its inception, CMAC has meticulously uncovered and neutralized over 3 million landmines and unexploded […]
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Cambodia Shines as a Gold Refining Hub: 9.5 Tons of Gold Processed by 2023
In a testament to Cambodia’s growing prowess in the mining sector, industrial gold refinery plants have successfully processed a total of 9.5 tons of gold ore from the commencement of commercial gold production in 2021 to the conclusion of 2023. This significant achievement was spotlighted in a video document released by the Ministry of Mines […]
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ASEAN Tourism Rankings 2023: Malaysia Takes the Lead, Thailand Secures Second Spot, Followed by Vietnam
Southeast Asia experienced a stellar revival in its tourism sector throughout 2023, with Malaysia emerging as the frontrunner in welcoming international visitors, boasting an impressive 26 million foreign tourist arrivals from January to November. Following closely, Thailand welcomed approximately 24.6 million tourists during the same period, underscoring the robust rebound of its tourism sector. Vietnam […]
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Thai International Hospitality Giants Set to Make Global Impact in 2024
The resurgence of global tourism has propelled Thai hospitality powerhouses to venture beyond domestic boundaries, seizing opportunities in thriving international destinations. The preceding year witnessed robust profitability for many hotel management firms, with several surpassing pre-pandemic average daily room rates, particularly in prime global locations, according to the Bangkok Post on 2 January 2024. Minor […]
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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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Economists Project China’s Economic Landscape in 2024 to Fall to 4.6%
As China’s economic trajectory undergoes shifts, economists anticipate a moderated growth of 4.6% in 2024, following an anticipated 5.2% expansion this year. This projection comes against the backdrop of a sluggish real estate market and tepid consumption. With 23 experts expecting this year’s growth to align closely with Beijing’s target of approximately 5%. According to […]
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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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