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ខ្មែរ Property Focus
New Ashton Asoke Condominium Worth US$168m Faces Demolition by Thai Supreme Court
- 12 March 2024
The Ashton Asoke condominium, a 6-billion-baht (US$168 million) project located in Bangkok's Watthana district, is on the brink of demolition following a Supreme Administrative Court ruling, according to Aseannow dated 8 March 2024. The court's decision, issued in July last year, invalidated the building permit due to the insufficient width of the main entrance, a critical non-compliance with t...
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Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade
- 11 March 2024
In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges and fostering a more st...
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Angkor Ticket Sales Surge, Raking in Over US$11m, 52% Increase, in First Two Months of 2024
- 6 March 2024
In a remarkable achievement, Cambodia has witnessed a substantial increase in revenue from Angkor ticket sales during the initial two months of 2024, totalling an impressive US$11,234,675. The report, released by the Angkor Institute on 1 March 2024, reveals a remarkable surge of 52.09% compared to the corresponding period in 2023. During February 2024 alone, the Angkor Institution reported ear...
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Australia Commits US$262 Million to Boost ASEAN Maritime and Development Initiatives
- 5 March 2024
In a significant move to strengthen development and security in Southeast Asia, Australia has announced an infusion of an additional US$262.5 million into its programs in the region. This financial commitment was unveiled by Foreign Minister Penny Wong at the outset of the ASEAN-Australia Special Summit held in Melbourne on Monday, 4 March 2024, according to Mandurahmail. The allocated funds in...
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Cambodia-Thailand Partnership to Prevent Wildfires, Take Another Step After Setting Up “Joint-Emergency Hotline”
- 5 March 2024
In a groundbreaking development, Thailand and Cambodia have embarked on a collaborative venture to establish a special working group dedicated to wildfire prevention, marking a significant step towards enhanced disaster management. This initiative comes in response to the recent identification of multiple wildfire hotspots within Cambodia, underscoring the urgent need for concerted efforts in tack...
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Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024
- 2 March 2024
In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of the Ministry of Commerce (MoC), during a meeting with the US-A...
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GGEAR Group & LG Electronics Unveil Advanced 2024 Business & Residential AC Solutions
- 1 March 2024
GGEAR Group, in partnership with LG Electronics, recently hosted the "LG Showcase 2024" at the Hyatt Regency Hotel Phnom Penh. The event, held on 29 February 2024, marked a significant milestone in the introduction of LG's 2024 series of electronics to the Cambodian market, specifically targeting the sophisticated needs of modern homes and businesses through displaying modern equipment including l...
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Cambodia Crowned Asia’s Top Cultural Tourism Destination for 2023
- 1 March 2024
In an illustrious recognition of its rich cultural heritage, Cambodia has been named Asia's leading cultural tourism destination for the year 2023, the Ministry of Tourism of Cambodia confirmed on 28 February 2024. This prestigious accolade was awarded by the World Travel Awards, known globally for its critical assessment and acknowledgement of excellence in the travel, hospitality, and tourism in...
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Sofitel Phnom Penh Attains Green Globe Certification, Leading Environmental Innovation in Cambodia
- 28 February 2024
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 lush gardens...
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Gov’t Pledges Over US$60 Million Injection to Catalyse Cashew Production by 2024
- 26 February 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 has earmarked an additional re...
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