Tourism and Travelling
IMF Forecasts Strong Economic Growth in Cambodia’s Key Sectors for H2 2023
The second half of 2023 is set to witness robust economic growth in Cambodia, driven by four key sectors, according to Mr. Davide Furceri, Chairman of the new IMF Mission. During a meeting with HE. Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, on 9 May 2023, Mr. Furceri highlighted the […]
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Why Would a 10-Year Golden Visa for Investors Not Popular?
Since its launch last year, Cambodia’s 10-year golden visa, designed to entice foreign investors, has struggled to gain traction. Industry experts attribute this lukewarm response to the existence of easier and more cost-effective visa alternatives available to investors. Introduced on July 22, 2022, the long-term visa program is was created with the aim of attracting […]
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TRCS Co-Financing Supports 346 Tourism Businesses with $53.46 Million
A total of 346 tourism businesses have received $53.46 million in financing as part of the Tourism Restoration and Growth Sector (TRCS) co-financing project, as of 30th April 2023, according to the Small and Medium Enterprise Bank of Cambodia (SME Bank of Cambodia) on 5th May 2023, The funding disbursed accounts for US$ 53.46 million, […]
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Cambodia and Vietnam Forge Closer Tourism Ties with Feasibility Study to Connect Phu Quoc and Key Cambodian Destinations
In a landmark development for regional tourism, Cambodia and Vietnam have embarked on a joint feasibility study to establish connectivity between the idyllic island of Phu Quoc (or Koh Tral) and two prominent tourist destinations in Cambodia. This significant agreement was formalized through the signing of a Memorandum of Understanding between the Ministry of Tourism […]
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GOV’t Plans to Develop Seabed War Museum on Takeav Island
Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and […]
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FACT to Develop Two Projects as Community Tourism Destination around Tonle Sap Lake
Fisheries Action Coalition Team (FACT) has launched two new projects to promote the rights of local communities towards the sustainability of fisheries resources in the Tonle Sap Lake and to conserve biodiversity and climate change in the area. The organization aims to develop Kampong Thom, Kampong Chhnang, and Pursat provinces as a community tourism destination […]
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Artificial river in Tbong Khmum will become a new tourist destination as authorities develop smart areas
Tbong Khmum Provincial Administration is transforming an artificial river near the provincial administrative Borey into a SMART AREA for tourism, creating a new tourist destination. According to HE Dr. Cheam Chansophoan, Governor of Tbong Khmum Province, in a press conference on “Success in the past 5 years” on 20 April 2023. HE Governor explained that […]
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Japan Approves Ambitious $13.5 Billion Casino Project, A Game-Changer for Country’s Tourism Industry
The Japanese government has given the green light to the country’s first-ever legal casino project, set to transform the nation’s tourism industry. The initial investment cost for the ambitious project is estimated to be 1.8tn yen (approximately US$13.5 billion) and is expected to be completed in 2029. According to The Guardian, the MGM Resorts International […]
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Cambodia’s First Sports Village Completed for the 2023 SEA Games
The 2023 Southeast Asian (SEA) Games, scheduled to be held in Cambodia, are set to be a grand celebration of sports and culture. To host this very splendid event, the Sports Village for the 2023 SEA Games was officially inaugurated on the evening of 20 April 2023 under the presidency of Samdech Pich Sena Tea […]
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Preah Sihanouk Drops to Fifth Place in Tourist Destinations During KNY
Preah Sihanouk Province, once a popular tourist destination, has dropped to fifth place during the Khmer New Year, with Siem Reap, Battambang, Kampong Cham, and Phnom Penh surpassing the coastal province. The decline in visitors was due to the province being more popular on weekends and changes in tourist destination trends, according to Ministry spokesman […]
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