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Southeast Asia Globe
"I think Sihanoukville will be the biggest city in Cambodia in 20 years," says Christophe Forsinetti, chief operating officer for real estate investment firm JSM Indochina. "Look: available land, cheap labour, cheap construction costs, an international airport, Chinese proximity and even the rest of Asia. I mean, that’s a no-brainer."
A charming surprise lies amidst the trendy cafés and craft cocktail bars that now populate Phnom Penh’s Russian Market neighbourhood. The fairtrade fashion enterprise Goel Community fits right into this burgeoning creative hub by donning its handmade, homegrown, all-natural badge with pride.
A large tax bill handed down to the Phnom Penh Post, Cambodia’s last remaining independent English-language newspaper, is part of an ongoing, “perfectly routine” audit negotiation process rather than an attack on free press, according to the paper’s CEO, Marcus Holmes. He added that such audits were hitting businesses across the country in a government effort to strictly enforce the years-old tax law.
For the past two decades, Cambodia has experienced rapid economic growth. Broad access to global markets and an economic policy that openly courts foreign investment means the country’s economy is expected to continue growing
A roundup of property related news in Cambodia, including the creation of a marine national park and new advertising laws for construction sights.
While LGBTIQ Cambodians have long had powerful proponents calling for their right to marry, legal change still seems a long way off.