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ខ្មែរ Local News
Cambodia Unveils Strategic Tax Incentives Propelling Economic Growth Across Key Sectors
- 4 December 2023
The Cambodian government has rolled out a series of tax incentives, particularly in the real estate sector, showcasing a commitment to fostering business resilience and invigorating the national economy amidst the COVID-19 pandemic. The real estate industry, a pivotal driver of Cambodia's economic recovery, enjoys exemptions from property tax in selected areas, coupled with a waiver on transfer...
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Angkor Wat Rakes in Over US$32 Million in Ticket Sales in 11 Months Amidst Surging Tourist Numbers
- 2 December 2023
In a spectacular achievement for Cambodia, the first 11 months of 2023 witnessed an impressive revenue of US$32,546,847 from the sale of Angkor tickets to nearly 700,000 foreign tourists. Revealed in a recent report by the Angkor Institute on 1 December 2023, this remarkable figure signifies a remarkable surge of 261.12% compared to the same period in 2022. November 2023 alone saw the Angkor In...
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Borey Peng Huoth cooperates with 11 banks to provide great loans
- 2 December 2023
No more worries about the financial problems of buying your dream home, because Borey Peng Huot has cooperated with 11 partner banks, including J Trust Royal Bank, Sathapana Bank, Bank of China, May Bank, Bred Bank, BIDC Bank, Shinhan Bank, CIMB Bank, Hong Leong Bank, IMB MB Bank (Cambodia) Plc.) And FTB Bank (FTB Bank) offers a wide range of loan options to customers. This collaboration is des...
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Gov’t Initiates Fee Waiver to Expedite Land Registration Process
- 1 December 2023
The Ministry of Interior has announced a waiver on service fees for applications related to land history certificates and their certificates. The directive, outlined in letter 3351 សជណ dated 29 November 2023, extends this exemption to all commune/Sangkat administrations in the capital and provincial areas. The decision aims to accelerate the nationwide land registration initiative, ensuring swi...
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Gov’t Unveils Robust Protocols for State Land Ownership Registration
- 29 November 2023
The Cambodian government has introduced a comprehensive set of procedures for the registration of state lands. Sub-Decree No. 321, enacted on 2 November 2023, delineates a strategic framework encompassing the identification, mapping, and classification of state lands. The primary objective is to fortify the protection of ownership and associated rights of state-owned properties. The sub-decree ...
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Telecom Regulator Issues Deadline for Borey Owners to Dismantle Signal Boosters Equipment by December 10
- 29 November 2023
The Telecommunications Regulator of Cambodia has issued a crucial deadline for all Borey development project owners in Phnom Penh to dismantle any service-increasing or internet expansion equipment within their developments before December 10, 2023, according to Letter No. 10079 ន.ទ.គ dated 16 November 2023. Preceding this deadline, a notice was issued to all Borey owners, urging them to volunt...
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WB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
- 24 November 2023
The World Bank warns that Cambodia's economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB's press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: The World Bank underscores the influence of ex...
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Borey Peng Huoth’s lucky lantern more profit than ever!
- 22 November 2023
To celebrate the upcoming Water Festival, Moon Worship and Ok Ambok, Borey Peng Huot offers a lucrative opportunity for customers to achieve their dream home with the big lucky lantern promotion, including: * Lantern 1: Get 1% discount immediately for all types of houses * Lantern 2: Customers will receive an iPhone15 Pro or iPhone15 Pro Max immediately for all types of house bookings. * ...
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Gov’t Unveils Stimulus: Stamp Duty Tax Exemption on Real Estate Under US$70,000 until 2024 Year-End
- 15 November 2023
Prime Minister Samdech Hun Manet announced during the 19th "Government-Private Sector" forum on 13 November 2023, that the government is extending the stamp duty tax exemption for real estate valued under US$70,000 until the close of 2024 to foster homeownership and stimulate the real estate market. PM Hun Manet stated, "We will continue the stamp duty tax exemption on the transfer of the right...
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Gov’t Initiates Two Measures in Siem Reap to Propel Tourism Growth in 2024
- 15 November 2023
In a groundbreaking move to fortify the tourism sector, Prime Minister Hun Manet unveiled pivotal measures at the 19th "Royal Government-Private Sector" forum on 13 November 2023, geared towards propelling Siem Reap's tourism to unprecedented heights in 2024. PM Hun Manet's visionary announcement included a comprehensive study on transforming Phnom Kulen in Siem Reap into a natural tourism have...
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