News

UNEXPECTED DECISION OF GENERAL DEPARTMENT OF TAXATION!
UNEXPECTED DECISION OF GENERAL DEPARTMENT OF TAXATION!

The government has decided to delay the implementation of capital gains tax to January 1st, 2022, according to a statement from the General Department of Taxation. As we can read in the official statement, The GDT of the Ministry of Economy and Finance is to inform the taxpayers and public that, according to a letter from the Ministry of Economy and…

NEW HYATT PROPERTY IN THE CAPITAL
NEW HYATT PROPERTY IN THE CAPITAL

Hyatt will open its first hotel in Phnom Penh next year, located in the city’s Doun Penh district. The hotel will join the existing Park Hyatt Siem Reap as the second property by the group in Cambodia. The 247-room hotel combines a colonial-style building with a modern tower and is within walking distance of the Royal Palace and National Museum. The…

CHINA-CAMBODIA FTA TO BE SIGNED TODAY
CHINA-CAMBODIA FTA TO BE SIGNED TODAY

The Free Trade Agreement between Cambodia and China will be signed today, during a two-day state visit by China’s Foreign Minister Wang Yi in Phnom Penh. Prime Minister Hun Sen will witness the signing of the FTA and two other important documents namely the Exchange of Note for the Feasibility Study on the Project of Improvement Preah Sihanouk Provincial Referral…

MAGAWA – THE HERO RAT OF CAMBODIA
MAGAWA – THE HERO RAT OF CAMBODIA

A brave rat has been awarded with PDSA Gold Medal for sniffing landmines in Cambodia. Magawa, is an African Giant Pouched Rat who detects landmines. This is one of the most prestigious medals for working animals by the People’s Dispensary for Sick Animals (PDSA), a UK vet charity. It is given to animals who show “lifesaving bravery and devotion in…

THE FRIENDLIEST COUNTRY OF 2020!
THE FRIENDLIEST COUNTRY OF 2020!

The Kingdom of Cambodia has been considered the World’s most friendly country by My International Movers’ website. 92-96% of expats agree that Cambodians are very friendly to outsiders, be it tourists or people looking to move there, says the report The locals are always ready to help everyone out and are very welcoming and patient. In case you’re planning on…

TOURISM REPORT AFTER PCHUM BEN
TOURISM REPORT AFTER PCHUM BEN

More than 1 million tourists traveled in Cambodia during the three-day Pchum Ben festival. Although there was rainfall in many provinces, most of the tourist destinations still attracted crowds of tourists. Security and public order had been well secured during the festival. Said the official report. The kingdom’s main tourist spots are the famed Angkor Archeological Park in northwestern Siem Reap…

CAMBODIA AND HUNGARY WILL CONTINUE TO COOPERATE
CAMBODIA AND HUNGARY WILL CONTINUE TO COOPERATE

The first meeting of the Cambodia-Hungary Joint Commission on Economic Cooperation will be held later this year in a move to boost bilateral trade. The meeting will be held in two sessions on November 30th and December 1st in the Kingdom. The plan was revealed last week during a conference between Cambodian Ministry of Commerce secretary of state Tek Reth…

CAMBODIAN COMPANY IS THE START-UP OF THE YEAR!
CAMBODIAN COMPANY IS THE START-UP OF THE YEAR!

CB General Insurance Plc was selected as the Insurance Start-up of the Year at the Insurance Asia Awards 2020 for their insurtech-related innovations to provide services to customers. The award recognises CB Insurance’s determination in navigating industry challenges to deliver new value and innovation. The 5th Insurance Asia Awards celebrate the most outstanding insurance firms in Asia-Pacific that respond strategically to…

SUCCESS OF CAMBODIAN TOURISM AFTER NEW YEAR HOLIDAY!
SUCCESS OF CAMBODIAN TOURISM AFTER NEW YEAR HOLIDAY!

Last week was very good for Cambodian tourism. The industry attracted more than 1.4 million internal visitors during the week of Khmer New Year substitute days, despite cautions over the pandemic. Chhay Sivlin, president of the Cambodia Association of Travel Agents, said that the holiday contributed to helping the tourism sector during the pandemic: We saw a lot of people…

BLOCKCHAIN RETAIL SYSTEM COMES TO CAMBODIA!
BLOCKCHAIN RETAIL SYSTEM COMES TO CAMBODIA!

In Cambodia, almost 80% of its citizens do not have a bank account, yet more than 50% don’t own a smartphone. The Khmer riel has been stable for 20 years but however, most people in the country use the US dollar. National Bank of Cambodia, partnered with Tokyo-based Soramitsu, a blockchain developer expert, to modernize the country’s legacy retail payments with…

AVIATION TRAININGS IN PHNOM PENH!
AVIATION TRAININGS IN PHNOM PENH!

International aviation training is now available in Cambodia, paving the way for personnel from airlines and cargo operators to no longer have to travel to Singapore and Thailand for such instruction. American University of Phnom Penh is the Accredited Training School, certified by the International Aviation Training Association and State Secretariat of Civil Aviation. Dr Alan Wark, executive director of the…

MONDULKIRI MASTER PLAN!
MONDULKIRI MASTER PLAN!

The Ministry of Tourism has outlined a master plan for Mondulkiri’s tourism development to make the province more attractive. It was made in the consultative workshop on the preliminary draft master plan for tourism development in Mondulkiri province, involving the private sector, national and international organisations Minister Thong Khon said the development plan focused on the vision for the province’s…

CAMBODIA POST RETURNS!
CAMBODIA POST RETURNS!

Cambodia Post resumed limited express delivery after a nearly five month long Covid-19 break since 12th of March. Provider will ship mail and packages to some Asia-Pacific countries such as Australia, China, Japan, South Korea, Israel, Singapore, the UAE, Vietnam and Thailand. Other destinations include European and North American countries. The director-general Ork Bora told on Tuesday that the resumption of…

CAMBODIA AT CHINESE TRADING FAIR!
CAMBODIA AT CHINESE TRADING FAIR!

Cambodia confirmed participation in the 3rd China International Import and Export Fair 2020 that runs from November 5-10 in Shanghai. Cambodia hopes to seize opportunities to expand exports and attract investment following the Free Trade Agreement that will be signed in mid-August. Commerce Minister Pan Sorasak led a delegation to a Thursday videoconference with Sun Chenhai, Deputy-Director General of the…

FLOOD ALERT NEAR PHNOM PENH!
FLOOD ALERT NEAR PHNOM PENH!

A damning new report shows a multi-billion-dollar satellite city near Phnom Penh threatens to pave over vital wetlands and unleash untreated sewerage into the Mekong River, putting more than 1 million people at risk of dangerous floods and water pollution. The project further threatens to upend the livelihoods of hundreds of people and contribute to unsustainable sand dredging, according to…

NEW BLOCKCHAIN PROJECT IN THE CAPITAL?
NEW BLOCKCHAIN PROJECT IN THE CAPITAL?

Limestone Network, a Singapore-based blockchain project for building smart cities, has announced on July 23 it will list its native token, LIMEX on Bitrue crypto exchange for trading. According to the report, LIMEX will integrate an entire smart city’s applications such as property management, retail malls, payments, financial services, transportation, parking, F&B and entertainment, to create an intelligent urban ecosystem. Limestone…

NEW CLIMATE-FRIENDLY PROJECT IN CAMBODIA
NEW CLIMATE-FRIENDLY PROJECT IN CAMBODIA

The World Bank approved a $100 million credit from the International Development Association for the Cambodia Road Connectivity Improvement Project. The project will develop rural communities’ access to critical services, like health centers, referral hospitals, schools and markets, through the improvement of climate-resilient rural roads. By improving selected sections of national and provincial roads, it will also reduce transportation costs…

HUGE FINANCIAL HELP FOR THE KINGDOM TO FIGHT THE OUTBREAK!
HUGE FINANCIAL HELP FOR THE KINGDOM TO FIGHT THE OUTBREAK!

The Asian Development Bank has approved a $250 million loan to help the Government of Cambodia fight the COVID-19 pandemic by strengthening the country’s health care system, increasing social assistance to the poor and vulnerable, and providing economic stimulus to businesses, including small and medium-sized enterprises. The program includes a country engagement framework that will ensure the government and ADB…

WHAT WILL HAPPEN TO CAMBODIA-JAPAN AIRLINE CONNECTION?
WHAT WILL HAPPEN TO CAMBODIA-JAPAN AIRLINE CONNECTION?

Cambodian and Japanese Chambers of Commerce are planning to request Japanese line All Nippon Airways to resume direct flights to Cambodia until September. The idea was proposed last week, and the two sides are planning to send the official letter to ANA. The two parties also discussed ways to attract more foreign investment to Cambodia during the Covid-19 pandemic. CCC…

DOES SWEDEN INTERFERE IN CAMBODIAN SOVEREIGNTY?
DOES SWEDEN INTERFERE IN CAMBODIAN SOVEREIGNTY?

Swedish government will delay a bilateral development funding to Cambodia. Instead, Sweden decided to focus on campaign for promoting democracy and defence of human rights in Asian Pacific region, including Cambodia. Despite this statement, Swedish Embassy did not clarify which companies and foundations will be supported. As Peter Eriksson, Sweden’s International Development Cooperation minister, said in the statement. The democratic…