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ខ្មែរ Property Focus
1,000 Mon Trees Gifted to Angkor Artisans to Revive Cambodia’s Silk Weaving Tradition
- 3 September 2024
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has handed over 1,000 Mon trees to Angkor Artisans in Puok district, Siem Reap province, to support the revival and development of traditional Khmer silk weaving handicrafts. This handover ceremony, held on 29 August 2024 and presided over by HE Minister Dith Tina, aims to rejuvenate the ancient cultural heritage of Cambodia by enhancin...
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Phnom Penh Autonomous Port Sees Significant Growth with Over 250 TEUs, 14% Increase, in First Half of 2024
- 2 September 2024
In the first seven months of 2024, Phnom Penh Autonomous Port (PPAP) reported a notable increase in activity, handling over 250,000 TEUs (Twenty-foot Equivalent Units) of containers, reflecting a 14.94% rise compared to the same period in 2023. This surge in volume underscores the port's growing importance in regional trade, according to the data released by PPAP on 12 August 2024. July 2024 al...
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Gov’t Establishes Kampong Som Municipality by Reallocating Five Communes from Prey Nob District
- 31 August 2024
The Cambodian government has announced the formation of Kampong Som Municipality in Sihanoukville province by reassigning five communes from Prey Nob district, including Ream, Bit Trang, O'Oknha Heng, Boeung Ta Prohm, and O'Chrov. This significant administrative change was formalised through a sub-decree issued on 28 August 2024. Prime Minister Hun Manet declared that the newly formed Kampong S...
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Reasons Why Borey Peng Huoth The Star Diamond is The Jewel of Phnom Penh’s 60-Metre Development Area
- 29 August 2024
Situated in the rapidly expanding southern part of Phnom Penh, the 60-metre development area is anchored by Borey Peng Huoth The Star Diamond, an ambitious project that is reshaping the region into a bustling, densely populated urban hub. Renowned for its strategic location and impressive growth, the project is a magnet for homebuyers and investors alike, promising substantial returns on future...
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Cambodia Welcomes Over 460k Chinese Tourists in Seven Months, Marking a 45% Increase
- 27 August 2024
In the first seven months of 2024, Cambodia saw a significant boost in tourism with 463,980 Chinese tourists visiting the country, representing a 45.6% increase from the same period last year. This surge in visitors highlights the growing appeal of Cambodia as a travel destination for Chinese tourists, who now make up 12.4% of the 3.74 million international tourists to the country. This data was p...
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Cambodian Gov’t Launches Free Travel Initiative to Boost Tourism in Northeast
- 26 August 2024
The Cambodian government has announced the "Free Northeast Entertainment Program," which allows citizens to travel for free to the Northeastern provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakkiri every weekend from September to December 2024. This initiative, unveiled by PM Hun Manet during the one-year achievements of the Government of the 7th legislature of the National Assembly on ...
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Gov’t Waives Penalties for Expired Tour Guide Licenses to Boost Tourism Sector
- 26 August 2024
The Cambodian government has announced it will waive all transitional penalties for tour guides and translators whose licenses have expired, extending this exemption until 31 December 2024. This measure, introduced to alleviate the compliance burden and encourage license renewals, was confirmed by the Ministry of Tourism on 23 August 2024. The ministry's announcement aims to incentivise tour gu...
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Cambodia Unveils Land Grant Program to Empower the Poor & Protect Forests
- 26 August 2024
The Cambodian government has announced a new initiative, the Land Grant-Protection Program for Sustainable Development, which aims to provide social land concessions to impoverished Cambodians to curb deforestation and illegal encroachment on state land. Prime Minister Hun Manet outlined the program’s objectives during a special statement on the one-year achievements of the Royal Government of the...
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South Korea & Japan Lead Indo-Pacific Supply Chain Crisis Response Initiative
- 24 August 2024
In a significant move to safeguard the Indo-Pacific region's supply chains, South Korea and Japan have taken the lead in establishing a crisis response network under the Indo-Pacific Economic Framework (IPEF). Announced by the South Korean government on 20 August, this network aims to ensure that member nations maintain access to vital supplies during emergencies, with South Korea chairing the bod...
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AI Revolutionises Real Estate: Navigating the Transformation & Mitigating Risks
- 24 August 2024
Artificial Intelligence (AI) is rapidly transforming the real estate industry, introducing both unprecedented opportunities and significant risks. From reshaping marketing strategies to streamlining underwriting processes, AI is revolutionising every aspect of real estate—commercial, industrial, residential, and beyond. This critical transformation was discussed in detail by experts Peter D. Ball...
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