Property Focus
Government issues tax exemption for tourism-related businesses for two more months
The Royal Government has announced a further tax exemption for two more months for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies in Phnom Penh and six other provinces, in order to help the tourism sector amidst the COVID-19 crisis. Businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and Poipetare exempted from all […]
Read More
Two mountain resorts in Battambang granted natural heritage status
The Royal Government of Cambodia has designated two mountain resorts in Battambang as natural heritage sites with a total area of more than 400 hectares. Both have been declared as natural heritage sites by two separate sub-decrees. Sub-Decree No. 64 RNKR.BK dated 25 May 2020 declared Phnom Prampi as the Phnom Prampi Natural Heritage Site […]
Read More
When COVID-19 ends, foreign investors will return, but with thin pockets
We know that the COVID-19 has had a significant impact on safety and the global economy as a whole, but having a clear understanding of how it affects and how much it is has affected industry is difficult to predict. What we’ve all heard for the time being is that after the virus has hit […]
Read More
Ready Mixed Plants
Ready-mixed concrete (RMC as it’s commonly called), refers to concrete that is specifically batched for customers (mainly main contractors) and supplied to them as a single product. The concrete is batched out through Ready Mixed Plants. Batch plants are by far more precise in composition mixing based on the design mix specified by the design […]
Read More
COVID-19: The Impact on Leases and Rental Payments in Cambodia
The COVID-19 global pandemic continues to rage and tenants in Cambodia are now looking carefully at whether this situation can be considered a force majeure event in order to seek a cessation or reduction of their rental payments. On 11 March 2020, the World Health Organization (“WHO”) officially declared the outbreak of the coronavirus disease […]
Read More
Vietnam’s military court sentences former defense minister to 4 years in prison over land scandal
Vietnam’s military court on Thursday sentenced a former deputy defense minister to four years in prison for illegally transferring three land plots in Ho Chi Minh City from the navy to a private investor, according to a press release published on e.vnexpress.net on 21 May 2020. The Vietnam state media reported that Vietnam’s Navy Admiral […]
Read More
HOME FITNESS REFINED
For over 30 years, Seara has supplied the highest quality commercial brands and complete gyms to prestigious homes across Southeast Asia. We have emerged as the region’s leader in home fitness through introducing the latest innovations in fitness technology and flooring solutions by leading brands from around the world. From cloud-connected entertainment consoles, to lateral […]
Read More
PLMP launches Cambodia SME Championship Competition as opportunity for local entrepreneurs
PLMP Venture Capital has held a workshop on the management and SME registration process and information sharing on the “First Cambodia SME Championship Competition”. The forum is organised by PLMP Venture Capital to promote access to funding for SMEs in Cambodia and to stimulate revenue growth and expand business in the context of the fastest […]
Read More
Ministry of Tourism preparing Integrated Master Plan for Mondulkiri Tourism Development
The Ministry of Tourism is preparing an Integrated Master Plan for Mondulkiri Tourism Development, which includes Cambodia’s famous “Sea of Forest”, to transform this naturally rich province into a well-known eco-tourism destination for improved economic development in the country and the region which includes building a new Mondulkiri airport. In a meeting of the Inter-Ministerial […]
Read More
Cambodia real estate market sees slight slowdown in Q1 2020, expected to worsen in Q2: CBRE
The real estate market in Cambodia was robust at the beginning of 2020. According to data from the Ministry of Land Management, Urban Planning and Construction, a total of 728 projects with an estimated value of US$2 billion were approved for the first two months of 2020. This number indicates a growth of 47% compared […]
Read More