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ខ្មែរ Business and Market
Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
- 11 December 2021
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the Chip Mong Parkland Pochenton...
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Golden Park Officially Breaks Ground on Borey The Natural in Chroy Changva Area
- 6 December 2021
Advertorial Golden Park has held the ground-breaking ceremony for its new residential project The Natural, an innovative green community stretching over 60 hectares of land along NR6A in the Chroy Changva area. Held on 4 December, the ground-breaking ceremony was attended by the management of Golden Park and hundreds of guests. To celebrate the ground-breaking ceremony, Borey Golden is of...
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L’attrait Successfully Completed in Spite of Pandemic
- 30 November 2021
L’attrait BOEUNG KENG KANG, the first high-end Japanese-developed condominium project in Boeung Keng Kang 1, has been completed and is fully operational from November onwards despite the impact of the COVID-19 pandemic. The construction comprises of 26 storeys and 149 units which includes a mix of studios, one bedroom, two bedroom and penthouse units. The project has been heavily impacted by t...
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MLVT: Surge in High-Rise Building Constructions Uplift Demand for Skilled Human Resources
- 29 November 2021
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 on elevator-related skills on Monday 29 November. The...
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New Beach Club at Otres Beach Officially Opens
- 29 November 2021
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 a helipad. HE Kouch Chamroeun said the opening o...
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Cambodia-Thai Borders in Battambang & Banteay Meanchey Set to Open Soon
- 26 November 2021
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 Parinya Phothisat. Both sides have yet t...
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Gov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
- 25 November 2021
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 for another 3 months from the original d...
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
- 25 November 2021
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 Sochal, General Manager of FTB. With an interest rate of 5.5% per a...
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
- 24 November 2021
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 24 November. He said that Cambodia...
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HLH Group Successfully Sells US$12-million Hotel in Sihanoukville
- 22 November 2021
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 for approximat...
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