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ខ្មែរ Local News
Chip Mong 271 Mega Mall to Open on 12 September
- 7 September 2022
Chip Mong 271 Mega Mall will open to the public on Monday 12 September, showcasing multiple renowned international and local brands with restaurants, clothing, and electronics as well as many other products and services. With an investment of over US$150 million from Chip Mong Retail, the Chip Mong 271 Mega Mall has partnered with many famous brands such as H&M, Adidas, Calvin Klein, Parf...
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Cambodia’s renowned hospitality group Shinta Mani to launch in first property aboard in 2023
- 6 September 2022
Cambodia’s renowned hospitality group Shinta Mani has partnered with Kathmandu-based Sherpa Hospitality Group to open the first Shinta Mani hotel outside of Cambodia. The 29-suite Shinta Mani Mustang - a Bensley Collection luxury lodge is scheduled to open on 1 March 2023. Designed by Bill Bensley, Shinta Mani Mustang perches high above the town of Jomsom at the gateway of Mustang, an isolat...
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NBC to issue US$25 million Government bond on September 7
- 6 September 2022
The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per unit is worth 1 million riels (US$250). Investors who ...
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Kampot Governor Mulls Building More Luxurious Beach Resorts & Public Parks
- 5 September 2022
Kampot provincial authorities plan to build more luxurious resorts and beaches to attract more tourists, according to Provincial Governor HE Mao Thanin on 5 September. The governor said that Kampot is a coastal province with rich potential and resources, but the province has yet to offer luxurious beaches for tourists. He added that the provincial administration plans to build a 2km beach al...
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
- 5 September 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...
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PM Orders Environment Ministry to Urgently Conduct Land Classification for 2022
- 1 September 2022
Prime Minister Hun Sen has ordered Minister of Environment HE Say Sam Al to urgently conduct a land classification index in Cambodia for 2022 for effective control and management. PM Hun Sen said during the groundbreaking ceremony for two new flyovers in Phnom Penh on 31 August that the land classification index is vital for the government to effectively manage land usage. “We can know how...
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MoI: Foreigner Permanent Resident Card Valid for Real Estate Sale & Purchase Transactions
- 30 August 2022
The Ministry of Interior (MOI) has urged all government institutions and the private sector the recognize and use foreigner permanent residence cards as valid documents for any governmental administrative or business-related transactions. The urge comes after both state and private sectors have not yet fully recognized the value of the permanent residence permit. According to the 1994 Immigr...
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Over 500 Hotels & Guesthouses Reopen as of July 2022
- 30 August 2022
As of the end of July 2022, 520 hotels and guesthouses in Cambodia have reopened, while 190 others are still temporarily pausing their operations and the remaining 29 have been permanently closed. According to the report of the Ministry of Tourism on 27 August, to date, there are a total of 739 hotels and accommodation services and 2,529 restaurants in Cambodia, of which more than 2,000 have re...
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Stamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
- 30 August 2022
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to approximately US$2.8 million. Stamp duty tax is a 4% tax imposed when there is ...
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Construction of New Road in Run Ta Ek Over 16% Complete
- 29 August 2022
The construction of a 2.8km major new road in the Run Ta Ek community zone has been 16.87 % completed, according to the Ministry of Land Management, Urban Planning and Construction on 29 August. The road is part of the preparation of the Run Ta Ek community for people who volunteered to dismantle their illegal constructions in Angkor Park and agreed to relocate. To date, over 900 families ha...
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