Local News
Peng Huoth Group Grants US$110k in Scholarships to 50 CCF Students
Demonstrating their steadfast dedication to education and community advancement, Peng Huoth Group has marked a significant milestone by providing more than US$110,000 in scholarships to the Cambodian Children’s Fund (CCF). As of August 2023, this initiative has benefited 50 deserving students, underscoring the company’s role as a catalyst for positive change. A notable event transpired […]
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Shifts in Cambodia’s Property Landscape: Condos Take Lead as Housing Market Adjusts in H1 2023, NBC
The real estate dynamics in Cambodia are undergoing a significant transformation, with the first half of 2023 revealing intriguing trends. According to the inaugural semi-annual report released by the National Bank of Cambodia earlier this week, while sales of flat houses, single villas, and twin villas experienced a decline of 64.7%, the condominium market has […]
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Gov’t Announces Over 125 ha in Prey Veng as Natural Heritage Gem
In a remarkable move to safeguard the nation’s cultural and natural treasures, the Government of Cambodia has officially designated a sprawling expanse of 125,275.75 hectares in Prey Veng province as the illustrious “Nokor Phnom Chheu Kach Ba Phnom” natural heritage site. This proclamation, detailed in Sub-Decree No. 224 issued on 3 August 2023, underscores the […]
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NPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces
Norwegian People’s Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus […]
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Mortgage Loans Surpass US$6.6 Billion Milestone by June 2023
Cambodia’s real estate landscape is experiencing an impressive resurgence as mortgage loans from banks surged beyond the US$6.6 billion mark by June 2023, marking a substantial growth of 17.5% when compared to the corresponding period in the previous year. A recent report released by the National Bank of Cambodia on Monday 31 July unveiled the […]
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Gov’t Expands Two Large Wildlife Sanctuaries to Protect Wildlife & Natural Resources
The Cambodian Government has taken resolute action to rejuvenate and enhance the conservation efforts of two crucial wildlife sanctuaries. The expansion of Phnom Oral Wildlife Sanctuary and Prey Lang Wildlife Sanctuary, as sanctioned by Sub-Decree No. 181 ANKR.BK and No. 194 ANKR.BK on 17 July 2023, underscores the nation’s commitment to protecting its wildlife and […]
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CamDX Registers Construction Companies with Investment Capital of US$1bn & Real Estate Firms with US$921m
The innovative Online Business Registration Platform, CamDX, has emerged as a catalyst for economic growth, registering an impressive influx of investments within Cambodia’s construction and real estate domains. As of July 2023, the platform has facilitated the registration of construction companies boasting a combined investment capital of US$1.07 billion, while concurrently ushering in real estate […]
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Expert: Real Estate Market Declines in 2023 Present Unique Opportunity for Buyers
In a year where the real estate market witnessed a concerning decrease, buyers in Cambodia find themselves in a uniquely advantageous position, as properties are being offered at prices below market value, presenting an exceptional opportunity for those looking to invest in the property market. According to Ms Thida Ann, Managing Director of PropNexkh, the […]
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Construction & Real Estate Sector Show Signs of Recovery in H1 2023
The echoes of recovery reverberate through Cambodia’s construction and real estate sectors, painting an optimistic picture as the nation strides forward into the first half of 2023. A surge in the import of construction materials and equipment, registering a 0.4% increase, amounting to approximately US$911 million compared to the previous year, signifies an industry back […]
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MoE Recognises Over 90 Hectares of “Lower Tatai” in Koh Kong as Protected Area Community
The Ministry of Environment (MOE) has officially granted recognition to the “Lower Tatai” protected area community, spanning an impressive 97.3 hectares. Nestled within the pristine confines of the Peam Krasop Wildlife Sanctuary, the “Ta Tai Krom” Protected Area Community encompasses the idyllic landscapes of Anlong Vak Village and Koh Andet Village in Ta Tai Krom […]
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