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ខ្មែរ Local News
MEF Unveils Tax Relief Measures to Revitalize Tourism for Hospitality Business in 5 Provinces
- 24 February 2024
To rejuvenate the tourism sector, the Ministry of Economy and Finance (MEF) has introduced tax incentives for tourism enterprises operating in five key provinces. According to the recent Prakas No. 119 MEF.PrK.PD issued on 8th February 2024, eligible businesses, including hotels, guesthouses, restaurants, and travel agencies, are set to benefit from these measures. This intervention by the gove...
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Embrace the New Year with Borey Peng Huoth – Homes that Radiate Happiness!
- 21 February 2024
As we step into a new year, the evolving landscape of home design in Cambodia reflects modern aesthetics, offering dwellers a blend of contemporary elegance and functionality. Borey Peng Huoth, a leading real estate developer, stands as a beacon for those in search of homes that embody the essence of joy and fulfillment, be it for residential or business purposes. Borey Peng Huoth caters to div...
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Japan Infuses AI Tech Flare into Cambodia’s Mine Action: A US$515k AI Endeavor
- 21 February 2024
A ceremony emblematic of technological aid and international cooperation was held at the Embassy of Japan in Cambodia on 15 February 2024, signifying an infusion of US$515,060 from the Royal Government of Japan into the Cambodian Mine Action Centre (CMAC). The grant, aimed at harnessing advanced information technology in the form of Artificial Intelligence (AI), stands as a testament to the con...
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Canada Elevates Bilateral Ties with Cambodia Through Inauguration of Consulate in Siem Reap
- 16 February 2024
Canada has taken a significant stride in enhancing collaboration with Cambodia with the official opening of a new consulate in Siem Reap, as announced by the Siem Reap Provincial Administration on 13 February 2024. In a ceremony presided over by Mr. Pin Prak, Deputy Governor, and attended by Ms. Ping Kithikone, Ambassador of Canada to the Kingdom of Cambodia, among other dignitaries, the consul...
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GGEAR Group Revolutionises Electronics Distribution with Cutting-Edge “GGEAR Dealer Portal” App
- 15 February 2024
In a pioneering move, GGEAR Group has unveiled the innovative "GGEAR Dealer Portal," marking a significant leap forward in Cambodia's mobile electronics sector. The GGEAR Dealer Portal is a trailblazing program designed to empower business partners with a seamless experience in downloading electronic products for distribution. This state-of-the-art technology ensures swift and error-free operat...
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Gov’t Launches Special Task Force for Tonle Sap Land Registration to Safeguard Natural Heritage
- 14 February 2024
In a decisive move to protect the invaluable natural resources of the Tonle Sap region, the Cambodian government has issued Decision No. 37, dated 6 February 2024, to establish a dedicated commission for land registration. Recognizing the critical importance of preserving these resources for national identity and the prosperity of future generations, the government aims to ensure clear management ...
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Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
- 7 February 2024
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company's strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, accordi...
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CGCC Empowers Cambodian SMEs with US$164m in Loans Over Three Years
- 6 February 2024
The Credit Guarantee Corporation of Cambodia (CGCC) has played a pivotal role in fostering the growth of small and medium enterprises (SMEs) by approving a total credit guarantee of approximately US$164.72 million as of 31 December 2023. This update was revealed during its annual meeting held on 31 January 2024. This three-year initiative has provided essential financial support to nearly 2,000...
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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
- 5 February 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute's report, released on 1 February 2024, highlighted the robust revenue growth, underlining the end...
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Ang Pao from Peng Huoth Borey for Chinese New Year Promotion
- 2 February 2024
On the special occasion of celebrating the traditional Chinese New Year, customers looking for a family or business house in February will receive an unprecedented discount with Ang Pao from Borey Peng Huoth. From today until the end of February 2024, all customers who book a house in all projects will receive promotions such as: ✨ Additional discount up to $ 60,000 ✨ Vouche...
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