Property Focus
Behind Thailand’s Visa-Free Strategy: A Closer Look Role in Facilitating Chinese Capital Flight
Behind Thailand’s audacious plan to attract up to 30 million Chinese tourists and the swift implementation of visa-free access lies a more profound hidden agenda—facilitating the transfer of capital from mainland China. The veneer of tourism and visa-free access masks the real story: Chinese investors are utilizing the financial systems in Hong Kong and Thailand […]
Read More
KOICA Gifts 15 Ambulances to Cambodia to Address Nationwide Healthcare Needs
The Korea International Cooperation Agency (KOICA) has generously bestowed Cambodia with 15 ambulances, fortifying the country’s capacity to respond to medical emergencies across its diverse landscape. The solemn handover ceremony, held on 13 October 2023, was hosted by HE Professor Chheang Ra, Cambodia’s Minister of Health, and attended by His Excellency PARK Jung-Wook, the Republic […]
Read More
Boonyoung Group’s Generosity Extends: 10 Buses Gifted to Koh Kong Provincial Administration
Korea’s Boonyoung Group continues its benevolent outreach, now extending a helping hand to the Koh Kong Provincial Administration. In a generous gesture, they have donated 10 passenger buses, each seating 20 individuals. The initial phase includes the delivery of five buses, a contribution that promises to enhance local mobility and access. This philanthropic initiative was […]
Read More
Angkor Wat Attracts Record Revenue of US$24m in First Nine Months of 2023
In a remarkable testament to Cambodia’s enduring appeal as a tourist destination, the iconic Angkor Wat temple complex has generated an impressive US$24,955,397 in revenue during the first nine months of 2023. This revenue was derived from ticket sales to the Angkor complex, drawing the admiration of 539,561 foreign tourists. The surge reflects a remarkable […]
Read More
MoE Initiates Water Purifier Installations in Communities & Schools to Combat Plastic Waste
In an effort to combat the pervasive issue of plastic waste, Cambodia’s Ministry of Environment is embarking on an ambitious plan to install water purifiers in communities and schools across the nation. This eco-conscious initiative was announced by HE Eang Sophalleth, Minister of Environment, during a pivotal meeting on 22 September 2023, with Ms. Meloney […]
Read More
Cambodia-Thailand Trade Reaches US$2.58b in the First Eight Months of 2023
In the initial eight months of 2023, the bilateral trade volume between Cambodia and Thailand amounted to a significant $2.58 billion, as disclosed in a report by the General Department of Customs and Excise. While this figure represents a 19.9% decline compared to the same period last year, it sheds light on the enduring economic […]
Read More
Uncertainty Surrounds Implementation Timeline for 20% Capital Gains Tax in Cambodia
Cambodian Prime Minister, Samdech Hun Manet, has affirmed that the government has yet to establish a definitive timeline for the implementation or adjustment of the capital gains tax in 2024. This revelation, as conveyed by PM Hun Manet on 27 September 2023, has brought some respite for those monitoring this fiscal development. PM Hun Manet […]
Read More
Cambodia Receives US$43m Boost from AIIB to Expand Cross-Border Animal Trade
The Cambodian government and the Asian Infrastructure Investment Bank (AIIB) have solidified their commitment to fostering cross-border animal trade and elevating the animal value chain infrastructure in Cambodia. This strategic partnership is marked by a co-financing agreement worth US$43 million, aimed at catalysing sustainable growth and development. The agreement was formally inked during the 8th […]
Read More
GGear Unveils LG Electronics’ Cutting-Edge Products Redefining Cambodia’s Tech Landscape
In a resounding testament to Cambodia’s ever-evolving tech landscape, GGear Group has unveiled LG Electronics’ 2023 and 2024 product lineup. These innovative designs and cutting-edge technologies were showcased during an event aimed at business partners hailing from the areas surrounding Phnom Penh. The LG products introduced to the Cambodian market this year place a robust […]
Read More
Cambodian Gov’t Extends Property Tax Relief: Fines & Penalties Waived Until End of 2023
In a proactive measure to support property owners facing tax-related challenges, the Ministry of Economy and Finance has taken a decisive step. They have announced the waiver of administrative sanctions, which include additional taxes and interest, on property taxes and unused land taxes. This vital decision applies to all those who have not yet registered […]
Read More