Property Focus
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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Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]
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China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
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EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains with the adoption of a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according […]
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