Business and Market
Gov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
The General Department of Taxation (GDT) has extended tax exemptions to businesses affected by the COVID-19 pandemic until March 2021. GDT Director General HE Kong Vibol recently said that by seeing difficulties faced by business owners in the sectors such as tourism, and aviation, among others, the government will continue to extend tax exemption period […]
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith […]
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on […]
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HLH Group Successfully Sells US$12-million Hotel in Sihanoukville
Hong Lai Huat (HLH) Group’s subsidiary PH One Development has successfully sold its US$12-million D’Seaview hotel project in Sihanoukville. The sale was completed on 17 November with ownership titles already transferred, according to HLH Cambodia Public Relation Manager Kuoch Lengkheang. HLH Group announced the sale of its 98-key hotel in its D’Seaview project in Sihanoukville […]
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Four Private Firms Join Hands with Local Authorities to Boost SHV Development
Four private companies have entered a partnership with the Sihanoukville Provincial Administration to attract more investors and boost development within the province. The MoU on attracting investment to contribute to the development of SHV was signed by the representatives of the five parties on Wednesday 17 November. According to the provincial administration’s press release, the […]
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Resort-Style Lennar Masterplan Community in Homestead, Florida
Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community […]
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Which Locations Better for Borey and Condo Development in Phnom Penh?
Thanks to the rapid real estate development in Phnom Penh, every location in the capital has attracted a huge investment from local and international investors who are willing to build projects such as factories, markets, schools, and especially Boreys & condos. This trend has pushed land prices inside and outside Phnom Penh to significantly increase […]
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Relevant Measures for the Retail Sector During COVID-19
By Eric Wong Chon Lap The COVID-19 pandemic has forced several changes in the retail market, to the point that reinvention and reformatting of retail operations became the key to survival for retailers, in the period where restrictions are everywhere. It has also continued to create an impact on the average occupancy rate of Phnom […]
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Quarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward […]
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Chestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release […]
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