Business and Market
MLVT: Surge in High-Rise Building Constructions Uplift Demand for Skilled Human Resources
The recent surge in high-rise building constructions in Cambodia has scaled up the demand for skilled human resources in the elevator business sector to a large extent, according to the Ministry of Labour and Vocational Training (MLVT). MLVT Secretary of State HE Pech Sophoan made this remark at the opening ceremony of the training course […]
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New Beach Club at Otres Beach Officially Opens
A new beach club along Otres beach in Sihanoukville was officially opened yesterday in the presence of Sihanoukville Governor HE Kouch Chamroeun and Deputy Prime Minister HE Men Sam An. Owned by Golden Sun Sky Entertainment, this resort is a modern recreation centre that includes resultants, lounges, bars, and clubs with private boat docks and […]
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Cambodia-Thai Borders in Battambang & Banteay Meanchey Set to Open Soon
The Cambodian and Thai governments have agreed to open multiple land border checkpoints between Cambodia’s Battambang and Banteay Meanchey provinces and Thailand’s Sa Kaeo Province . The decision was made during a meeting on Thursday 25 November between Banteay Meanchey Governor HE Um Reatrey, Battambang Governor of HE Sok Lou, and Sa Kaeo Governor HE […]
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Gov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
The General Department of Taxation (GDT) has extended tax exemptions to businesses affected by the COVID-19 pandemic until March 2021. GDT Director General HE Kong Vibol recently said that by seeing difficulties faced by business owners in the sectors such as tourism, and aviation, among others, the government will continue to extend tax exemption period […]
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith […]
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on […]
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HLH Group Successfully Sells US$12-million Hotel in Sihanoukville
Hong Lai Huat (HLH) Group’s subsidiary PH One Development has successfully sold its US$12-million D’Seaview hotel project in Sihanoukville. The sale was completed on 17 November with ownership titles already transferred, according to HLH Cambodia Public Relation Manager Kuoch Lengkheang. HLH Group announced the sale of its 98-key hotel in its D’Seaview project in Sihanoukville […]
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Four Private Firms Join Hands with Local Authorities to Boost SHV Development
Four private companies have entered a partnership with the Sihanoukville Provincial Administration to attract more investors and boost development within the province. The MoU on attracting investment to contribute to the development of SHV was signed by the representatives of the five parties on Wednesday 17 November. According to the provincial administration’s press release, the […]
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Resort-Style Lennar Masterplan Community in Homestead, Florida
Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar community […]
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Which Locations Better for Borey and Condo Development in Phnom Penh?
Thanks to the rapid real estate development in Phnom Penh, every location in the capital has attracted a huge investment from local and international investors who are willing to build projects such as factories, markets, schools, and especially Boreys & condos. This trend has pushed land prices inside and outside Phnom Penh to significantly increase […]
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