Property Focus
Royal Group Phnom Penh SEZ Secures Nearly US$10m from Green Bond Listing
Royal Group Phnom Penh SEZ Plc has successfully raised US$9.96 million from its green bond listing on the Cambodia Securities Exchange (CSX) to fund the construction of a wastewater treatment plant and its infrastructure. The official bond listing ceremony took place on 28 June 2024 at the CSX building, presided over by HE Dr Hean […]
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Cambodia Earns Nearly US$25m from Angkor, Koh Ker & Boat Ride Ticket Sales in H1-2024
In the first half of 2024, Cambodia generated a substantial revenue of US$24,952,996 from ticket sales for Angkor, Koh Ker, and boating activities, reflecting a significant boost in tourism. This information was revealed in a report released by the Angkor Institute on 1 July 2024. According to the report, 521,950 foreign tourists purchased tickets to […]
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Historic 2,000km Overland Convoy from China to Cambodia Marks Successful Inauguration of GMS Transit Facilitation
A convoy of seven Chinese trucks and passenger vehicles has successfully completed a historic journey of over 2,000 kilometres from China to Cambodia, marking the first implementation of the Greater Mekong Subregion (GMS) Transit Facilitation Agreement. The Ministry of Public Works and Transport announced the successful arrival of the convoy in Phnom Penh and the […]
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Gov’t Seizes 40,000 Hectares of Forest Land in 1,500 Mountain Area to Reserve for Scenic Beauty & Eco-Tourism
The Veal Veng district administration in Pursat province has confiscated approximately 40,000 hectares of forest land in the area of the 1,500 mountains, previously cleared by individuals intending to use it for private eco-tourism projects. This announcement was made by Mr Mom Bophan, Deputy Governor of Veal Veng District, during the receipt of 20,000 seedlings […]
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CAIC Secures 12-Year Deal with French Firm for Duty-Free Retail at Techo International Airport
CAIC has signed a 12-year contract with French company Lagardère Travel Retail SAS and local partner HSC Group to operate duty-free goods, essential travel equipment, and catering services at Techo International Airport. National Television of Cambodia reported this significant development on 26 June 2024. Séverine Lanthier, Executive Director for Asia and Strategy and Development Director […]
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Only A Few Days Left for Borey Peng Huot’s Mid-Year Promotion: Win an Electric Car and More!
Borey Peng Huot’s massive Mid-Year Celebration promotion, featuring six major packages for every home purchase, is ending soon. The promotion, launched in early June, offers incredible incentives and will conclude by the end of June (26 June 2024). The comprehensive MID-CELEBRATION 6 package includes: ➤ The latest electric car, TOYOTA BZ4X-2024 ➤ Free hard copy […]
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750k SMEs in Cambodia Key Driver of Economic Growth, Contributing 63% to GDP and Employing Over 70% of Workforce
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs) which play a pivotal role in the nation’s economy, contributing 63% to the gross domestic product (GDP) and employing more than 70% of the workforce. This significant contribution was highlighted by Samdech Hun Manet, PM of Cambodia, in his message on the occasion of the […]
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Island Hopping Adventure Awaits: New Maritime Route to Connect Thailand, Vietnam, and Cambodia
Thailand, Cambodia, and Vietnam are collaborating on a new maritime route to enhance tourism, trade, investment, and industrial activities along their coastal regions. The project, connecting Thailand’s Trat province, Cambodia’s Sihanoukville, and Vietnam’s Kien Giang, aims to foster economic growth and was announced during the “Cambodia-Vietnam-Thailand Economic Corridor (CVTEC) – Trat Business Roadshow 2024″ on […]
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Cambodia FDI In 2023: Real Estate Soars to Third Place
As of 2023, foreign direct investment (FDI) in Cambodia surged to 197.8 trillion KHR (US$48.4 billion), marking a 7.9% increase over the previous year. This substantial influx of investment was channelled into key sectors such as financial activities, manufacturing, real estate, accommodation, agriculture, energy, and construction, according to a recent report released on 18 May […]
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Cambodia & Singapore Launch FTC to Boost Cross-Border Financial Services
Cambodia and Singapore have launched the Financial Transparency Corridor (FTC) project to facilitate financing for small and medium enterprises (SMEs) in both countries. The initiative, announced by the National Bank of Cambodia on 18 June 2024, aims to enhance bilateral trade and investment activities by streamlining cross-border financial services. The FTC serves as a digital […]
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