Business and Market
Chip Mong Industries welcomes 100 mechanical engineering students
Chip Mong Industries has welcomed university students to its facility to understand the process of production and technology of ready mixed concrete, and the tile and pipe factory. On 28 February 2020, almost 100 mechanical engineering students from the Institute of Technology of Cambodia visited a tile and pipe factory, as practical experience to apply […]
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
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Tax on agricultural land exempted for another 100 years, says PM Hun Sen
The government has exempted tax on agricultural land for more than 41 years and will continue to exempt it for another 100 years or as long as the ruling party is in power, according to the prime minister. Samdech Techo Hun Sen made the announcement on 26 February during the inauguration ceremony for the official […]
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PM Hun Sen vows to speed up oil production by 2020
Prime Minister Samdech Hun Sen has pledged to accelerate the first oil production in Cambodia from the Apsara oil field by 2020 but has yet to provide a specific date. Samdech Hun Sen made the statement during a press conference regarding the latest updates in Cambodia on 24 February. “I have not yet announced the […]
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Hotels in Siem Reap exempted from tax for 4 months
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister […]
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Century 21 to recruit 3,800 real estate agents
Century 21 Zillion Holding is recruiting 3,800 potential real estate agents in response to a strong increase in market demand amid Cambodia’s booming real estate sector. The firm announced the recruitment drive during a training program they hosted for prospective real estate agents on 19 February at the Grand Phnom Penh Hotel. According to Ms […]
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CCA to organise oversea business tours for members
The Cambodia Constructors Association is planning to organise oversea business tours for members to seek further business opportunities and broaden networks with foreign business partners. According to CCA Secretariat General Manager Mr Chhiv Sivpheng, the association is working on the details with partners, and is hoping to host the trip within this year. “Currently, we […]
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5th Annual PropertyGuru Cambodia Property Awards follows banner year for Khmer condo development
Asia’s most respected real estate honours renewed its call for the most award-worthy development firms and projects in Cambodia with the announcement of the timeline for the 2020 PropertyGuru Cambodia Property Awards, presented by Hitachi Elevators and Escalators. The fifth edition of Cambodia’s most prestigious real estate awards programme will be staged at a black-tie […]
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Phnom Penh Mega Mall 99.4% complete, expected to open by Q4 this year
Construction of Phnom Penh Mega Mall is currently 99.4% complete and is expected to open for operation by Q4 of 2020, which is another delay from last year’s announcement. According to the president and CEO of the Hassan (Cambodia) Development Mr Olvy Othsaman, the original plan for the opening was in Q3 this year. However, […]
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Loose real estate credit harms buyers the most, says expert
Real estate analyst and managing director of CBRE Cambodia Mrs Sothida Ann recently expressed her concern that real estate buyers in Cambodia are the most prone to risk from poorly regulated lending measures, in particular from project owners. The concern comes after several international organisations urged Cambodia to tighten its lending measures on the real […]
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