Local News
Operating a hotel through a lease agreement or a hotel management agreement
When deciding to develop and operate a hotel, the parties may enter into a lease agreement or a hotel management agreement. Both have advantages and inconveniences. A study of the Cambodian market indicates significant growth in the number of tourists visiting Cambodia, leading to a significant development of the hospitality sector in Phnom Penh, Siem […]
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Park Land 50M Opens For Sale With Offer 8% Discount
Phnom Penh: Chip Mong Land will open for sales its Park Land 50M project on 18 to 19 January 2020 with offering a special discount of 8 percent and 100 percent instalment. The Park Land 50M project is located at the corner of street 50M and street 30M in Chamkor Duong area which is an […]
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Cambodia’s economic growth expected to reach 7% in 2020
Cambodia’s economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that […]
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Experts: Luxury hotel closures related to internal issues
A number of four-star and five-star hotels have recently announced the closure of their businesses citing economic reasons for their demise. Tourism experts have said that business closures are not a bad sign for tourism in general. The 23-year-old former Inter-continental in Phnom Penh -The Great Duke Hotel – announced the closure of its operations […]
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CDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will […]
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Land Management Ministry to collect revenue from electronic cadastral information service
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced later […]
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Phnom Pen-Bavet Expressway Gets New Study
Ministry of Public Works and Transport has unveiled that China Railway Corporation is conducting a study on the Phnom Penh-Bavet Expressway project in detail for making result report which will be submitted to the government to consider for investment. The study for detail has been made after the ministry and the Chinese company signed a […]
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Investors Shift Interest to Properties Outside Phnom Penh
In Phnom Penh, developers have been focusing on launching new housing and condominiums over the past years.
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New roads along rail track sideways to link to US$2 billion express way
Phnom Penh Municipal Hall and the Ministry of Public Works and Transport is studying the feasibility to construct two new roads along the sideways of the rail track which will connect to the US$2 billion expressway, said the press release. According to Phnom Penh Municipal Hall’s press release, the project is under a studying stage […]
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10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’
The Ministry of Tourism is currently drafting a 10-year master plan that will transform the coastal province of Kep into a ‘relaxation and high-end tourist destination’. The Kep provincial administration organised a meeting on 11 December to discuss the strategy for the tourism master plan for Kep to become a relaxation and high-end tourist destination’ […]
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