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ខ្មែរ Property Focus
Exclusive 2-Day Offer: 10 Incredible Promotions on 10 New Twin Villas at Borey Peng Huoth!
- 8 August 2024
Borey Peng Huoth is rolling out an exceptional Weekend Special this August, offering 10 exclusive promotions on just 10 new Model Twin Villas at Borey Peng Huoth Grand Star Platinum (Chbar Ampov). Set for 10-11 August 2024, from 9am to 7pm, this limited-time event presents a golden opportunity for homebuyers to secure unprecedented deals. During the two-day event, buyers will benefit from an ar...
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Cambodian Gov’t Allocates US$1.359bn in Subsidies to Support 700,000 Vulnerable Families
- 8 August 2024
The Cambodian government allocated US$1.359 billion to support approximately 700,000 poor and vulnerable families, benefiting a total of 2.8 million individuals. This major financial commitment was highlighted during the 12th meeting of the National Council for Social Protection at the end of July 2024. The cash assistance program spanned 46 months, including a full implementation period from J...
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Cambodia to Propose Seven Major Sites for World Heritage Status
- 7 August 2024
Cambodia is set to propose seven major sites for inclusion on the World Heritage List, as announced by Dr Chhum Meng Hong, Acting Secretary General of the National Commission for UNESCO Cambodia, and Acting Chairman of the World Heritage Committee of Cambodia recently. The sites include Tuol Sleng Museum, Phnom Da, Angkor Borei, Banteay Chhmar, Phnom Oudong, Phnom Kulen, Preah Khan, Kampong Sva...
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
- 6 August 2024
Indonesia's new "golden visa" policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 golden visas by the end of this year, as reported by...
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Asia Real Estate Investments Drop 13% Amid Delayed Rate Cuts & Market Repricing
- 6 August 2024
The recent decline in real estate investments across the Asia Pacific can be attributed to several factors, including delayed interest rate cuts and economic volatility. The US$22.9 billion investment volume in Q2 2024 marks a significant retreat as investors await clearer signals from central banks regarding monetary policy adjustments. This wait-and-see approach has tempered investment activity ...
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Cambodia Earns Nearly US$28m from Angkor, Koh Ker & Boat Rides in Seven Months
- 5 August 2024
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 compared to the same period last year. ...
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Cambodia Issues Over US$60m in State Securities in First Half of 2024
- 2 August 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 issued for 32 billion R...
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GDT Sets Property Tax Deadline for 30 September 2024
- 2 August 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 owners to comply promptly. Taxes can be ...
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The Gov’t Establishes Special Task Force to Expedite Tax Audits
- 1 August 2024
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 was formalised through a sub-decree on 16 July 20...
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Cambodia to Establish Private Business Centre in Macau to Expand Overseas Markets
- 31 July 2024
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 Ministry of Commerce, on 22-23 July 2024. ...
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