Property Focus
Sofitel Phnom Penh Attains Green Globe Certification, Leading Environmental Innovation in Cambodia
In a significant achievement, Sofitel Phnom Penh Phokeethra has become the first hotel in Phnom Penh and the inaugural ACCOR property in Cambodia to receive the prestigious Green Globe Certification. This accolade, reported by einnews.com on 23 February 2024, underscores the hotel’s commitment to sustainable practices and responsible tourism. Nestled in the historic quarters amidst […]
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Gov’t Pledges Over US$60 Million Injection to Catalyse Cashew Production by 2024
The Cambodian government has allocated a US$35 million loan initiative through the Rural Development and Agriculture Bank (ARDB). This announcement, revealed during the 10th World Cashew Conference in Siem Reap on 1 February 2024, was presided over by HE Dr Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance. Simultaneously, the government […]
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Exclusive Chinese New Year Promotion: Limited Time Offer on Borey Peng Huoth Homes, Only 5 Days Left
In celebration of the Chinese New Year, Borey Peng Huoth is presenting a unique opportunity for potential homebuyers in February 2024. With just 5 days remaining, interested individuals can seize this golden opportunity. This special promotion encompasses an additional discount of up to $60,000, an exclusive voucher for hosting events at the prestigious PH Grand […]
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MEF Unveils Tax Relief Measures to Revitalize Tourism for Hospitality Business in 5 Provinces
To rejuvenate the tourism sector, the Ministry of Economy and Finance (MEF) has introduced tax incentives for tourism enterprises operating in five key provinces. According to the recent Prakas No. 119 MEF.PrK.PD issued on 8th February 2024, eligible businesses, including hotels, guesthouses, restaurants, and travel agencies, are set to benefit from these measures. This intervention […]
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Embrace the New Year with Borey Peng Huoth – Homes that Radiate Happiness!
As we step into a new year, the evolving landscape of home design in Cambodia reflects modern aesthetics, offering dwellers a blend of contemporary elegance and functionality. Borey Peng Huoth, a leading real estate developer, stands as a beacon for those in search of homes that embody the essence of joy and fulfillment, be it […]
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Japan Infuses AI Tech Flare into Cambodia’s Mine Action: A US$515k AI Endeavor
A ceremony emblematic of technological aid and international cooperation was held at the Embassy of Japan in Cambodia on 15 February 2024, signifying an infusion of US$515,060 from the Royal Government of Japan into the Cambodian Mine Action Centre (CMAC). The grant, aimed at harnessing advanced information technology in the form of Artificial Intelligence (AI), […]
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Banyan Group Unveils Ambitious US$2bn Luxury Residential Project in Phuket Amid Real Estate Resurgence
In a strategic move to capitalize on the resurging demand in the post-COVID-19 real estate landscape, Singapore-based Banyan Group has declared plans to construct the largest luxury residential venture on the pristine shores of Phuket, Thailand. As reported by Asia Nikkei on 1 February 2024, the US$2 billion Laguna Lakelands project is poised to set […]
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Canada Elevates Bilateral Ties with Cambodia Through Inauguration of Consulate in Siem Reap
Canada has taken a significant stride in enhancing collaboration with Cambodia with the official opening of a new consulate in Siem Reap, as announced by the Siem Reap Provincial Administration on 13 February 2024. In a ceremony presided over by Mr. Pin Prak, Deputy Governor, and attended by Ms. Ping Kithikone, Ambassador of Canada to […]
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GGEAR Group Revolutionises Electronics Distribution with Cutting-Edge “GGEAR Dealer Portal” App
In a pioneering move, GGEAR Group has unveiled the innovative “GGEAR Dealer Portal,” marking a significant leap forward in Cambodia’s mobile electronics sector. The GGEAR Dealer Portal is a trailblazing program designed to empower business partners with a seamless experience in downloading electronic products for distribution. This state-of-the-art technology ensures swift and error-free operational data, […]
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Vietnam’s Central Bank Affirms No Interest Rate Hike in 2024
In a pivotal announcement, the State Bank of Vietnam (SBV) declared its stance on interest rates for the year 2024, affirming a commitment to maintain current policy rates. SBV Deputy Governor Dao Minh Tu addressed the Vietnam Plus during a press conference on 3 January, outlining the central bank’s strategic approach to economic support. Deputy […]
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