Property Focus
Educational Institutions Nationwide Will Get Revenue Tax Exemption for Five Years
The Royal Government of Cambodia has recently declared a tax exemption for public and private educational institutions nationwide. According to an announcement from the Office of the Council of Ministers on 27 February 2023, these institutions will be granted a five-year tax relief from 2024 until the end of 2028. The exemption applies to income […]
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Gov’t to transform wet land in Tboung Khmum to carbon-natural ecotourism site
The Ministry of Environment has been preparing the dry river in Ou Raing Ov district to become a carbon-neutral ecotourism site, according to the Ministry’s announcement on 27 February. The dry river is located in the Preah Theat Basrey temple area in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province. The land is […]
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Gov’t reclassifies over 600sqkm of Mekong land to Irrawaddy dolphin conservation zone
The Royal Government of Cambodia has decided to designate the Mekong River area in Stung Treng and Kratie provinces, approximately 621 square kilometres, as the Mekong River dolphin management area. This is according to Sub-Decree No. 47, dated February 27, 2023. The Mekong Dolphin Management Area is defined as a protected area (permanent core area) […]
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S.Korean Booyoung Group Donates 200 Buses for Phnom Penh Public Transport
The South Korean BOOYOUNG GROUP has donated a total of 200 public buses to Phnom Penh Capital Hall to improve the city’s public transport. The official handover ceremony was held on 28 February under the presidency of Phnom Penh Governor HE Khuong Sreng, Ambassador of the Republic of Korea in Cambodia HE Park Jung Wook, […]
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ADB advises Cambodia to improve property tax collection
The Asian Development Bank (ADB) has held a workshop to share knowledge and expertise on property tax management as the collection of this type of tax in Cambodia is still limited. Held on 23-24 February, the workshop aims to help strengthen property tax collection and boost revenue at the sub-national level. The workshop shared the […]
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Thailand Expects US$3bn Foreign Investment This Year
A minimum of 100 billion baht is expected to flow into Thailand through foreign investment, supported by several factors. “The active foreign investment is supported by the country being fully open in terms of both tourism and investment, as well as anticipated expansion of production bases in Thailand by international firms, particularly in industries with […]
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Two Cambodia’s Ecotourism Communities Receive ASEAN Standard Award 2023
Two ecotourism communities in Cambodia, Samros Koh Han ecotourism community in Stung Treng province and the Prey Thom Anlong Thom ecotourism community in Siem Reap province, have received the ASEAN Ecotourism Standard Award. The award-giving ceremony was held at the ASEAN Tourism Forum 2023 in Yukata, Indonesia on 5 February, according to the Ministry of […]
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The 8th PropertyGuru Cambodia Property Awards seek the Gold Standard of real estate amid recovering domestic market
LOCAL PROPERTY SEEKERS IN CAMBODIA POWER THE DEMAND FOR SPACIOUS HOMES PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today launched the 2023 edition of the PropertyGuru Cambodia Property Awards, beginning the search anew for the kingdom’s finest property developers, design practices, and projects: the Gold Standard of real […]
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Koh Kong authorities issue over 140k land titles in past 5 years
Koh Kong authorities have systematically registered a total of 140,451 land titles in the past five years, according to the press conference on 21 February. Meanwhile, the provincial authorities have registered 267 individual land titles and 27 state land titles. Recently, over 150,000ha of land in Koh Kong was reclassified to state-reserved land. (Read more)
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Gov’t reclassifies 150,000ha of land in Koh Kong to be reserved state land
The government has taken over 150,000 hectares of land from eight natural protected areas and from the Ministry of Agriculture in Koh Kong province and converted it to state land owned by the provincial administration. as 50,000 ha has been given to people in the province. Koh Kong Deputy Governor Sok Soth said on 21 […]
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