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ខ្មែរ Business and Market
Battambang Set for Pub Street Similar to Siem Reap
- 17 March 2022
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 Selpak project. According to his plan, Pub Street will include restaurants...
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China, Cambodia Reviews Detailed Master Plan to Transform SHV into Multi-Purpose SEZ
- 16 March 2022
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 Chamber of Commerce an...
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Cambodia’s first home & living one-stop-shop SCG Design Village officially opens
- 15 March 2022
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 innovative with luxurious living brands to...
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New Multi-Purpose Commercial Building Opened Along Monivong Blvd in Kbal Thnal Area
- 14 March 2022
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 sqm with underground parking. Some parts of the buildin...
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Why Some Condo Projects in PP Remain Successful During Covid-19?
- 14 March 2022
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, told Harbor Property that the reason why some ...
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GDT Officially Postpones Capital Gains Tax Collection to 2024
- 10 March 2022
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 and recovery in the context of COVID-19. The implement...
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Piling Work on Naga 3 Over 50%; Main Buildings Construction to Begin in 2023
- 10 March 2022
NagaCorp has confirmed that it will continue the construction of Naga 3 in Phnom Penh as planned despite the halt of Naga Vladivostok in Russia. According to its recent announcement, NagaCorp has halted construction of the US$238-million Naga Vladivostok gaming and resort development complex in Russia and shifted its focus to Naga 3 in Cambodia. Designed by Chicago-based Skidmore, Owings and...
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First Steel Production Plant in Banteay Meanchey Officially Operational
- 9 March 2022
The first steel production and processing factory in Banteay Meanchey province was officially launched on 8 March in the presence of Banteay Meanchey Governor HE Um Reatrey. The factory is located on NR59, Khla Ngap village, Toul Pong commune, Malai district, and will supply steel to the construction sector in Banteay Meanchey and neighboring provinces. HE Um Reatrey said that this factory n...
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Local Firm Uses AI-Driven Research & Analysis to Modernise Cambodia’s Real Estate Sector
- 9 March 2022
A local firm Z1 Data Co., Ltd has unveiled a product using AI-driven research and data analysis to modernise and boost the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman. His computer science and artificial intelligence background...
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Construction of Techo International Airport 32% Complete; US$414m Spent
- 7 March 2022
Construction on the new Techno International Airport is 32% complete as of early March, according to a Cambodia Airport Investment Co., Ltd. (CAIC) press release of 4 March. CAIC added that a total amount of US$414 million has been spent to date on the development excluding the airport land investment. Even though the COVID-19 pandemic and flooding during the rainy season caused some disrupt...
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