Property Focus
Gov’t to Revolutionise Property Ownership Transfer: Just 5 Minutes Needed
In a groundbreaking move aimed at streamlining the process of transferring property ownership from parents to children, the Cambodian government is set to unveil a revolutionary procedure that promises to complete the task in just five minutes. The announcement was made by HE Sar Sokha, Minister of Interior, on 5 September 2023. The minister is […]
Read More
New Thai PM Unveils Bold Plan: Thailand to Welcome Chinese 30 Million Visitors
Immediately after taking office, Thailand’s new prime minister unveiled a strategic plan aimed at attracting 30 million international tourists by the end of the year. The launch of the Thai economic recovery plan came on 25 August after he stressed the important role of tourism in the country’s short-term economic recovery, according to channelnewsasia on […]
Read More
Cambodia’s Angkor Wat Ticket Sales Soar, Generating Over US$23 Million in Just Eight Months
Cambodia has raked in an impressive US$23,091,931 in revenue from Angkor Wat ticket sales during the first eight months of 2023, drawing 498,513 foreign tourists, according to a report released by the Angkor Institute. This marks a staggering 419.58% increase compared to the same period in 2022. In August 2023 alone, the Angkor Institution reported […]
Read More
Gov’t Updates & Establishes 33 National Parks & Protected Areas Expanding to Over 2m Hectares
The Government of Cambodia has embarked on an ambitious endeavor to renovate and establish 33 national parks and protected areas, encompassing an expansive total of 2,574,476.41 hectares. This decision underscores the nation’s commitment to safeguarding its natural and cultural heritage. The creation and expansion of these protected areas are guided by a noble purpose – […]
Read More
Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
Read More
India Donates Over US$400K to Clear More Than 1 Million Square Metres of Landmines in Koh Kong
In a generous display of solidarity, the Government of the Republic of India has extended a helping hand to Cambodia, offering crucial assistance amounting to US$426,709 for demining efforts across four districts in Koh Kong province. The commitment was enshrined during the signing ceremony of a Memorandum of Understanding (MoU) for the “All Mine Village […]
Read More
US grants US$450,000 to continue conservation of Phnom Bakheng temple
The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of […]
Read More
Kampong Cham Province Achieves Landmark: Over 720k Land Plots Registered, Reaching 80% Milestone
The Kampong Cham Provincial Authority has achieved a significant milestone by successfully registering an impressive 723,588 land titles. This substantial accomplishment translates to a remarkable 80% coverage of the estimated 924,421 plots of land within Kampong Cham province. The diligent efforts and systematic approach embarked upon since October 2003 have paved the way for this […]
Read More
E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first […]
Read More
New Minister of Tourism Unveils Three Bold Strategies to Attract 6.4 Million Global Visitors by 2025
A triad of strategic pillars is set to propel the nation towards its tourism zenith. The unveiling of these strategies marks a resolute stride towards welcoming 6.4 million international tourists and embracing 16.7 million national tourists by the year 2025. The confluence of ambition, strategy, and unity was revealed in a landmark meeting graced by […]
Read More