Local News
Cambodia Eyes Boost in Chinese Tourist Arrivals through Kunming-Vientiane Railway
Cambodia is aiming to attract more Chinese tourists through the Kunming-Vientiane high-speed railway, in a bid to revive its tourism sector. The affordable fee for train services and the cooperation on travel policies, including the permit for tourists to drive across Cambodia-Lao borders, are expected to increase the reciprocal flow of tourists. Minister of Tourism, […]
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Borey Peng Huoth Offers Lucrative Promotion for Customers to Achieve Their Dream Home
Borey Peng Huoth, a leading real estate developer in Cambodia, has launched a new promotion in March 2023, offering customers a convenient payment policy that could save up to 8% instantly. Customers can also opt to pay by instalment with partner banks, with an attractive interest rate starting from 4.69%. As the demand for luxurious […]
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Phnom Penh Records Over US$320m Tax Revenue in 2022, Property Tax Contributes Over US$26m
The total tax revenue in Phnom Penh exceeded expectations, reaching over 1,298 trillion Riels, equivalent to more than US$320 million, or 115.46% of the plan, according to the 2022 annual report on the performance of the Phnom Penh Capital Administration. The report also revealed that property tax contributed significantly to the total revenue, with 108.83 […]
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PM Hun Sen: Cambodia Aims to Be the World’s Largest Cashew Nuts Exporter
Cambodian Prime Minister Hun Sen has expressed his support for the domestic cashew production industry to drive Cambodia to become the world’s largest producer of cashew nuts. During his speech at the 7th River Festival in Kampong Thom province, PM Hun Sen emphasised the potential of Cambodia’s cashew products, stating that they are of good […]
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Phnom Penh Municipal Authority Registers Over 10k Land Titles in 2022
The Phnom Penh Municipal Authority has reported a significant increase in land title registration in 2022. According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, the authorities registered 32,123 plots of land and distributed 16,511 title deeds. The report further revealed that the land registration process resulted in the […]
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Over 67k Land Titles Issued by Prey Veng Authorities in the Past Two Decades
In the last 20 years, Prey Veng authorities have successfully distributed 669,368 land titles to residents in three districts: Ba Phnom, Preah Sdach, and Svay Antor. These statistics were presented in a seminar on “Land registration work for the systematic land registration team in Prey Veng Province” held on 6 March 2023, where the data […]
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Three Communes in Veal Veng District, Pursat to be Incorporated into New City
Pursat province’s Veal Veng district is set to undergo a major transformation as three communes are being organised into a new city to accommodate the growing population. Pursat Provincial Governor HE Khoy Rida shared this news during a press conference on “Success in the Past Five Years” of the Pursat Provincial Administration on 7 March […]
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Pursat Authorities Issues Over 100k Land Titles in Past Five Years
Pursat province has made significant progress in land registration and distribution in the past five years, with over 200,000 land titles distributed to the people province-wide. This was announced during the “Success in the Past Five Years” press conference held by the Pursat Provincial Administration on 7 March 2023. According to the provincial authorities, 107,828 […]
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Gov’t Gifts 300 Hectares of Social Concessional Land Near Cambodian-Vietnamese Border for Veteran Families
The Cambodian Government has announced the gift of a 300-hectare social land concession located along the Cambodia-Vietnam border line to veteran families and other stakeholders, according to the statement of Svay Rieng Provincial Administration on 5 March 2023. The social land concession land is situated in Chantrea commune, Chantrea district, and Tnaot commune, Kampong Rou […]
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Trusts Register with Total Capital of US$730m as of February 2023
Cambodia’s Trust Regulator (TR) has reported that 492 trusts have been registered as of 23 February 2023, with a combined capital of US$735 million. The Commercial Trust sector has the largest number of trusts, accounting for 66% of the total registered capital at US$492 million, followed by Financial Trust at US$174 million and Public Trust […]
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