Property Focus
KOICA Gifts 15 Ambulances to Cambodia to Address Nationwide Healthcare Needs
The Korea International Cooperation Agency (KOICA) has generously bestowed Cambodia with 15 ambulances, fortifying the country's capacity to respond to medical emergencies across its diverse landscape. The solemn handover ceremony, held on 13 October 2023, was hosted by HE Professor Chheang Ra, Cambodia's Minister of Health, and attended by His Excellency PARK Jung-Wook, the Republic of Korea's...
Read MoreBoonyoung Group’s Generosity Extends: 10 Buses Gifted to Koh Kong Provincial Administration
Korea's Boonyoung Group continues its benevolent outreach, now extending a helping hand to the Koh Kong Provincial Administration. In a generous gesture, they have donated 10 passenger buses, each seating 20 individuals. The initial phase includes the delivery of five buses, a contribution that promises to enhance local mobility and access. This philanthropic initiative was publicly acknowledged b...
Read MoreAngkor Wat Attracts Record Revenue of US$24m in First Nine Months of 2023
In a remarkable testament to Cambodia's enduring appeal as a tourist destination, the iconic Angkor Wat temple complex has generated an impressive US$24,955,397 in revenue during the first nine months of 2023. This revenue was derived from ticket sales to the Angkor complex, drawing the admiration of 539,561 foreign tourists. The surge reflects a remarkable 365.42% increase compared to the same pe...
Read MoreMoE Initiates Water Purifier Installations in Communities & Schools to Combat Plastic Waste
In an effort to combat the pervasive issue of plastic waste, Cambodia's Ministry of Environment is embarking on an ambitious plan to install water purifiers in communities and schools across the nation. This eco-conscious initiative was announced by HE Eang Sophalleth, Minister of Environment, during a pivotal meeting on 22 September 2023, with Ms. Meloney Lindberg, Country Representative of the A...
Read MoreCambodia-Thailand Trade Reaches US$2.58b in the First Eight Months of 2023
In the initial eight months of 2023, the bilateral trade volume between Cambodia and Thailand amounted to a significant $2.58 billion, as disclosed in a report by the General Department of Customs and Excise. While this figure represents a 19.9% decline compared to the same period last year, it sheds light on the enduring economic collaboration between the two nations. Cambodia's exports to Tha...
Read MoreUncertainty Surrounds Implementation Timeline for 20% Capital Gains Tax in Cambodia
Cambodian Prime Minister, Samdech Hun Manet, has affirmed that the government has yet to establish a definitive timeline for the implementation or adjustment of the capital gains tax in 2024. This revelation, as conveyed by PM Hun Manet on 27 September 2023, has brought some respite for those monitoring this fiscal development. PM Hun Manet further elaborated that in light of the new government...
Read MoreCambodia Receives US$43m Boost from AIIB to Expand Cross-Border Animal Trade
The Cambodian government and the Asian Infrastructure Investment Bank (AIIB) have solidified their commitment to fostering cross-border animal trade and elevating the animal value chain infrastructure in Cambodia. This strategic partnership is marked by a co-financing agreement worth US$43 million, aimed at catalysing sustainable growth and development. The agreement was formally inked during t...
Read MoreGGear Unveils LG Electronics’ Cutting-Edge Products Redefining Cambodia’s Tech Landscape
In a resounding testament to Cambodia's ever-evolving tech landscape, GGear Group has unveiled LG Electronics' 2023 and 2024 product lineup. These innovative designs and cutting-edge technologies were showcased during an event aimed at business partners hailing from the areas surrounding Phnom Penh. The LG products introduced to the Cambodian market this year place a robust emphasis on smart te...
Read MoreCambodian Gov’t Extends Property Tax Relief: Fines & Penalties Waived Until End of 2023
In a proactive measure to support property owners facing tax-related challenges, the Ministry of Economy and Finance has taken a decisive step. They have announced the waiver of administrative sanctions, which include additional taxes and interest, on property taxes and unused land taxes. This vital decision applies to all those who have not yet registered or declared their taxes, or for those ...
Read MoreKratie Provincial Authorities Issue Warning Against Unauthorised Land Encroachment
Kratie provincial authorities have issued a stern warning to residents who have encroached upon Tuol Takin security land in Bos Leav commune, Chit Borei district. The warning comes with a deadline of the end of September, after which legal action will be pursued against those in violation, according to an official announcement by the provincial administration dated 21 September 2023. The provin...
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