Property Focus
Cambodia Earns Nearly US$28m from Angkor, Koh Ker & Boat Rides in Seven Months
In the first seven months of 2024, Cambodia generated US$27,828,367 from ticket sales to Angkor, Koh Ker, and boat rides, according to a report released by the Angkor Institute on 1 August 2024. The report highlights that from January to July 2024, 584,375 foreign tourists visited Angkor, contributing US$27,177,430 to the total revenue—a 33.76% increase […]
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Cambodia Issues Over US$60m in State Securities in First Half of 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were […]
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GDT Sets Property Tax Deadline for 30 September 2024
The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]
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The Gov’t Establishes Special Task Force to Expedite Tax Audits
In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision […]
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Cambodia to Establish Private Business Centre in Macau to Expand Overseas Markets
The Cambodian Ministry of Commerce is preparing to establish a Cambodian Private Business Centre in Macau to boost overseas markets. This initiative aims to promote the export of Cambodian products and enhance international trade relations. The announcement came following a site inspection by a delegation led by Mr. Seang Thai, Secretary of State of the […]
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SHV Welcomes 2.8 Million Tourists in First Half of 2024, Including 200K Foreign Visitors
In the first six months of 2024, Sihanoukville attracted a total of 2.8 million tourists, including 200K foreign visitors, showcasing a significant increase from the previous year. This information was revealed during a meeting between HE Mang Sineth, Governor of Sihanoukville Province, and Mrs. Tuy Le Chheng, Ambassador of Singapore to Cambodia, on 29 July […]
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on […]
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PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
The Phnom Penh Special Economic Zone (PPSEZ), a key industrial park in Cambodia, is diversifying its tenant base to attract more companies from Thailand and Vietnam, amid shifts in global supply chains. Housing over 90 tenants from 15 countries across 3.57 square kilometres, PPSEZ aims to complement Thailand’s supply chain and encourage production transfer from […]
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MLMUPC Issues Procedures for Registration of Private Sectors of Co-Owned Buildings Built Before December 19, 1997
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has established new procedures for registering the private sections of co-owned buildings constructed before December 19, 1997, to safeguard legal property rights of occupants. This initiative is outlined in Prakas No. 050 ដនស/ប្រក/ក.ក.ច, dated 19 July 2024. The Prakas addresses co-owned buildings built before December […]
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Kampong Speu to Plant Tens of Thousands of Palm Trees Along Stung Prek Tnaot
The provincial authorities in Kampong Speu have announced an ambitious plan to plant tens of thousands of palm trees along the Stung Prek Tnaot River and around local resorts, aiming to enhance the area’s beauty and attract more tourists. The initiative seeks to make Kampong Speu the province with the most palm trees in Cambodia, […]
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