Local News
200-year-old Khmer house in Kratie to Become Provincial museum
Recognising the value of old architecture, the Kratie Provincial Department of Culture and Fine Arts is planning to transform a 200-year-old wooden house or known as the 100-pillar house, into a new provincial museum, according to the Ministry of Information on 2 June. Deputy Director of the Kratie Provincial Department of Culture and Fine Arts […]
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Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC
The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May. The report added that this huge amount of restructured loans […]
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Veterans in Koh Kong to Receive Over 700 Concessional Land Plots
The Koh Kong Provincial Administration plans to allocate 691.14 hectares of social land concessions to veterans in Andong Toek commune, Botum Sakor district, Koh Kong province, according to a meeting on 01 June 2021. Koh Kong Deputy Governor Sok Sothy said in the meeting that, at this stage, the team is working on counting the […]
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Phnom Penh City Hall Orders Immediate Demolition of Illegal Construction on River
The Phnom Penh Municipal Administration has ordered the immediate demolition of all illegal fish farms, floating houses, and all unregulated structures on the Tonle Sap River within the boundaries of Phnom Penh. The authorities also stated that non-compliance will result in severe action with no liability for damages. The announcement released today said that there […]
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New Cambodia-Vietnam International Border in Preng Veng Temporarily Opens
The Cambodian government has temporarily opened the Meun Chey International Border connecting Cambodia’s Prey Veng province and Vietnam’s Tay Ninh province for inter-provincial usage, according to an announcement ceremony on 31 May. Prey Veng Governor Chea Somethy said that the opening of this border gate will help facilitate and promote the transit and exchange of […]
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HLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule […]
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Cambodian Government Encourages More Affordable Housing Development
The Cambodian government is urging both domestic and foreign investors to develop more affordable housing in Cambodia in response to increasing demand. HE Benghong Socheat Khemro, Director General of the General Department of Housing of the Ministry of Land Management, Urban Planning and Construction (MLMUPC), said that the government has set out a housing national […]
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Battambang Authorities Pledge to Strengthen Crackdowns on State Land Encroachments
The Battambang provincial administration has pledged to closely work with relevant officers to strengthen the crackdown on state land encroachments, especially in the mangrove forest area, according to an officials’ meeting on 27 May. During the meeting, Battambang Governor HE Nguon Rattanak said that the provincial administration has thus far prevented and taken action against […]
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Real Estate Agency, Financial Firm Collaborating to Create Joint Property & Credit Evaluation System
Vtrust Appraisal and Credit Bureau Cambodia (CBC) have inked a deal integrating databases for the real estate evaluation system and the consumer credit system, to form an inclusive digital network for quicker and more efficient property SP & loan transactions. According to Z1 News, the MoU was signed yesterday via Zoom by Vtrust Appraisal Chairman […]
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Giant Timber Firm to Plant 10m Trees on 8,500 ha in Cambodia
Think Biotech, one of the largest timber companies in Cambodia, has revealed their plan to plant 10 million commercial trees on a total area of over 8,500 hectares within this year, according to a Ministry of Environment press release issued on 25 May. Think Biotech (Cambodia) Co Ltd director Lu Chu Chang said that the […]
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