Local News
The Gov’t Establishes Special Task Force to Expedite Tax Audits
In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision […]
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Cambodia to Establish Private Business Centre in Macau to Expand Overseas Markets
The Cambodian Ministry of Commerce is preparing to establish a Cambodian Private Business Centre in Macau to boost overseas markets. This initiative aims to promote the export of Cambodian products and enhance international trade relations. The announcement came following a site inspection by a delegation led by Mr. Seang Thai, Secretary of State of the […]
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SHV Welcomes 2.8 Million Tourists in First Half of 2024, Including 200K Foreign Visitors
In the first six months of 2024, Sihanoukville attracted a total of 2.8 million tourists, including 200K foreign visitors, showcasing a significant increase from the previous year. This information was revealed during a meeting between HE Mang Sineth, Governor of Sihanoukville Province, and Mrs. Tuy Le Chheng, Ambassador of Singapore to Cambodia, on 29 July […]
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on […]
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PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
The Phnom Penh Special Economic Zone (PPSEZ), a key industrial park in Cambodia, is diversifying its tenant base to attract more companies from Thailand and Vietnam, amid shifts in global supply chains. Housing over 90 tenants from 15 countries across 3.57 square kilometres, PPSEZ aims to complement Thailand’s supply chain and encourage production transfer from […]
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MLMUPC Issues Procedures for Registration of Private Sectors of Co-Owned Buildings Built Before December 19, 1997
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has established new procedures for registering the private sections of co-owned buildings constructed before December 19, 1997, to safeguard legal property rights of occupants. This initiative is outlined in Prakas No. 050 ដនស/ប្រក/ក.ក.ច, dated 19 July 2024. The Prakas addresses co-owned buildings built before December […]
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Kampong Speu to Plant Tens of Thousands of Palm Trees Along Stung Prek Tnaot
The provincial authorities in Kampong Speu have announced an ambitious plan to plant tens of thousands of palm trees along the Stung Prek Tnaot River and around local resorts, aiming to enhance the area’s beauty and attract more tourists. The initiative seeks to make Kampong Speu the province with the most palm trees in Cambodia, […]
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In 30 Years, Halo Trust Clears Over 500 Square Kilometres of Cambodian Minefields
Since 1991, Halo Trust has cleared 511 square kilometres of minefields in Cambodia, significantly contributing to the country’s demining efforts. This milestone was highlighted during a meeting between HE Senior Minister Ly Thuch and Mr Miles Hawthorn, Director of Halo Trust in Cambodia, on 25 July 2024. During the meeting, HE Senior Minister Ly Thuch […]
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Cambodia Welcomes Over 380,000 Chinese Tourists in H1 2024, Ranks Third After Thailand & Vietnam
Cambodia welcomed 389,360 Chinese tourists in the first half of 2024, marking a significant 45.2% increase from the 268,130 visitors recorded in the same period last year. Chinese tourists accounted for 12.3% of Cambodia’s total foreign visitors, which numbered approximately 3.16 million. This surge places China as the third largest source of tourists to Cambodia, […]
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Immediate Move-In with Attractive Pricing at Borey Peng Huoth The Star Mera Garden
Borey Peng Huoth The Star Mera Garden (50m) offers a diverse range of housing options, including hybrid villas, shophouses, twin villas, and single villas, with units both under construction and fully completed. Among these, the completed twin villas stand out, available for immediate purchase and occupancy at highly competitive prices. Highlighted Properties: Twin Villa, House […]
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