Business and Market
Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly […]
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Malaysia Eyes Investing Potential in Kampong Speu Province
A group of Malaysian investors has been exploring investment potential in key sectors in Kampong Speu province including real estate, tourism, trade, agriculture, industry, and solar power. The investment interest was mentioned in a meeting between Kampon Speu Governor HE Vei Samnang and the Ambassador of Malaysia Eldeen Husaini Hohd Hasim on 16 March. According […]
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H&M Debuts First Store in Aeon Mall Phnom Penh
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) on Thursday 17 March opened its first store at Aeon Mall Phnom Penh. H&M Phnom Penh is located on the 1st floor in Sweet Zone of Aeon Mall 1. Speaking at the event, Philippe Lassaux, CEO of H&M Cambodia and Thailand, said the company strives […]
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Battambang Set for Pub Street Similar to Siem Reap
Battambang Governor HE Sok Loo said Battambang will soon build a Pub Street to attract national and international tourists, like the one in Siem Reap. HE Sok Lou unveiled this plan during a meeting with Secretary-General of the Escato Circus School Ms Aurelie Vincq on 16 March to report on the progress of Phare Ponleu […]
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China, Cambodia Reviews Detailed Master Plan to Transform SHV into Multi-Purpose SEZ
Officials of the Ministry of Economy and Finance, representatives of the Urban Planning and Design Institute of Shenzhen, Cambodia Chamber of Commerce, and entrepreneur associations have reviewed and collected more inputs for the draft master plan to transform Sihanoukville into a multi-purpose SEZ. The discussion meeting was held on 15 March, co-organised by the Cambodia […]
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Cambodia’s first home & living one-stop-shop SCG Design Village officially opens
SCG HOME DESIGN VILLAGE Opens its first home lifestyle store in Cambodia with beyond inspiring living experience SCG HOME DESIGN VILLAGE, the first home lifestyle store in Phnom Penh, big grand opening since 14th March at Sen Sok district, Phnom Penh. SCG Home Design Village announced a world-class home with numerous decorations, modern, stylish and […]
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New Multi-Purpose Commercial Building Opened Along Monivong Blvd in Kbal Thnal Area
A new 10-storey mixed-use development building—Kampus— has been officially opened, with the inauguration ceremony presided over by HE Hun Many, President of the Union of Youth Federations of Cambodia, on 12 March. Located along Monivong Blvd in Kbal Thnal area, the building is built with a unique design with a total gross area of 10,543 […]
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Why Some Condo Projects in PP Remain Successful During Covid-19?
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, […]
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GDT Officially Postpones Capital Gains Tax Collection to 2024
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth […]
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