Property Focus
Philippines Investors Eye Cambodian Rice Imports
In a significant step towards bolstering agricultural trade, Arvin International Marketing Inc., a leading Philippines company, has expressed a keen interest in importing high-quality rice from Cambodia. This announcement follows a meeting between HE Cham Nimol, Cambodia's Minister of Commerce, and Mrs Azucena L. Yao, Chairman of the Board of Directors of Arvin International, held in Manila. HE...
Read MoreA New Era for Angkor Tourism
In a remarkable celebration of culture and heritage, Angkor has welcomed nearly 28 million international visitors over the past 24 years, distinctly marking its place as one of the world's premier travel destinations. HE Hang Pov, Director General of the Apsara National Authority, shared this captivating statistic with reporters at the majestic Angkor Wat on the afternoon of 15 February 2025. H...
Read MoreCambodia’s Small & Medium Enterprises Flourish in 2024
In a promising development for Cambodia's economy, the Ministry of Industry, Science, Technology, and Innovation has reported significant growth in the country's small and medium enterprises (SMEs) within the industrial sector. As of 2024, nearly 1,300 SMEs have registered, indicating a robust entrepreneurial spirit within the nation. According to the recent report on the ministry's accomplishm...
Read MoreSoutheast Asia’s Coastal Real Estate Development Faces Critical Balance with Mangrove Conservation
A ground-breaking study reveals that 85% of Southeast Asia's mangrove forests, which comprise 32 percent of global mangrove coverage and sequester 15.9 million tonnes of carbon dioxide annually, face severe risks from real estate development, agricultural expansion, and climate change impacts, according to new research led by University of Queensland researcher Valerie Kwan, as reported by Eco Bus...
Read MoreCambodia’s Booming Customs Revenue in 2024
In a remarkable display of fiscal growth, the Cambodian government announced on 10 February 2025 that it has successfully collected over USD 2 billion in customs duties for the year 2024, marking an impressive increase of over 13% compared to the previous year. The General Department of Customs and Excise reported that total tax and excise revenues reached a staggering 10,542.2 billion riels, r...
Read MoreASEAN Real Estate Markets Navigate Headwinds as China’s Economy Falters
The USD 722 billion trade relationship between China and ASEAN faces unprecedented pressure as China's property sector, which accounts for over 25% of its GDP and 70% of household wealth, shows serious signs of distress amid plummeting consumer confidence that reached near-record lows of 86 in July 2024, according to Evrimagaci.org on 31 January 2025. Southeast Asian real estate markets are exp...
Read MoreKorean Firm Donates 8,000 Electric Motorbikes to Cambodian Government to Combat Emissions
In a significant move to address climate change, South Korean company VeryWords has pledged to donate 8,000 electric motorbikes to Cambodian government officials. This initiative aims to reduce greenhouse gas emissions in Cambodia and promote the use of environmentally friendly transportation. The announcement was made during a signing ceremony of a Memorandum of Understanding (MoU) held on 7 F...
Read MorePhnom Penh Addresses Dilapidated Buildings
Phnom Penh currently has 21 dilapidated buildings across the Daun Penh, 7 Makara, Por Sen Chey, and Boeung Keng Kang districts. In a recent meeting, HE Minister of Land Management, Urban Planning & Construction (MLMUC) Say Sam Al discussed urgent safety concerns with residents living in these structures. The minister emphasised the importance of government-citizen collaboration to ensure sa...
Read MoreCelebrate Love This February with Borey Peng Huoth’s Exclusive Month of Love Promotion!
Valentine's Day is just around the corner, and at Borey Peng Huoth, love is in the air! This February, we are thrilled to introduce our Month of Love promotion, designed for those looking to invest in their dream home while enjoying fabulous rewards. Promotion Details From now until 28 February 2025, every customer who purchases a new home in any of our exquisite Borey Peng Huoth projects will...
Read MoreCambodia Accelerates Irrigation Land Registration for Development
In a significant move to bolster agricultural development, Cambodia is intensifying efforts to register irrigation land and reservoirs across the country. The initiative, led by the Ministry of Water Resources and Meteorology, aims to classify these vital resources as public property to enhance management and ensure sustainable use. During a meeting held on 6 February 2025, HE Chhea Bunrith, th...
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