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ខ្មែរ Local News
Cambodia Wins Three Recognitions from ASEAN Sustainable Cities Awards Event
- 22 October 2021
Phnom Penh, Sen Monorom and Kep cities have grabbed three certificates of recognition for clean land, water, and air from the 5th ASEAN Environmentally Sustainable City (ESC) Award event organised by Indonesia on 21 October. The award-giving ceremony was held virtually via Zoom, with the participation of governors and relevant officials from across ASEAN countries. Cambodia received three pr...
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Gov’t Sets New Regulations Strengthening Control Over Casino Businesses in Cambodia
- 22 October 2021
The Cambodian government has issued new regulations to strengthen control over casino businesses in Cambodia, with all operators required to have a specific minimum capital depending on the types of business. The sub-decree, dated 26 August and released to the public within this week, stated that for casinos operating within an integrated commercial gambling centre, the minimal capital must be ...
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Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
- 21 October 2021
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused by the pandemic but also oversupply, added the report. In Q3, the...
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King Officially Endorses New Investment Law
- 21 October 2021
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and 42 articles, aiming to attract and enhance the inve...
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Newly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
- 20 October 2021
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy Prime Minister and Mi...
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Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
- 20 October 2021
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited supply available of sought-after unit types. Set to lau...
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Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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HLH Enters Joint Venture with HSC to Explore Mineral Resources in Kampong Speu
- 18 October 2021
Singaporean firm HLH Group has signed a joint venture agreement with HSC Group to explore and mine mineral resources at the Cambodia-Singapore Agriculture Hub in Kampong Speu province reported Business Times. The HSC Group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following months, the group said in a bourse filing on Monday...
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ADB Provides US$40-million Loan to Support SMEs & Financial Stability in Cambodia
- 18 October 2021
The Asian Development Bank (ADB) has decided to provide US$40 million in loans to help stabilise Cambodia's financial sector, especially for SMEs affected by the COVID-19 pandemic. According to an ADB press release on 18 October, the loan will help small and medium-sized enterprises (SMEs) to recover from the pandemic by insuring them with the right amount of loans. The loan will also intend...
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