The Gov’t Waives Fines for Housing Developments for One Year
The Cambodian Real Estate and Mortgage Regulator has announced a one-year waiver of fines for Borey and condominium projects, starting from 1 July 2024. This decision follows the guidance of Prime Minister Hun Manet and the outcomes of the 19th Royal Government of Cambodia-Private Sector Forum held on 13 November 2023. This announcement was officially […]
PM Introduces New Law Boosting Gas Safety in High-rise Buildings
PM Hun Manet has introduced a new law to regulate gas usage in high-rise buildings, aiming to enhance public safety. This announcement was made during the groundbreaking ceremony for the construction of twin flyovers at the intersection of Samdech Techo Hun Sen Blvd. and National Road No. 2, at the border of Phnom Penh and […]
Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]
PM Announces No More Casino Licenses in Central Kampot & Kep, With Few Exceptions, Except…
Samdech PM Hun Manet declared that no additional casino licenses will be issued for the central areas of Kampot and Kep, with few exceptions, on 6 June 2024, during the inauguration of the first phase of the Kampot Multi-Purpose Port Development Project. (Read more) The PM emphasised that, “From now on, we will not issue […]
MEF Introduces Income Tax Incentives for Expanding Investment Projects
The Ministry of Economy and Finance (MEF) has issued new guidelines to provide income tax incentives for the expansion of qualified investment projects (EQIP), as outlined in Prakas No. 313 MEF.PrK.PD dated 10 May 2024. This move aims to stimulate economic growth by encouraging investment in various sectors. According to the Prakas, the incentive period […]
Gov’t Accelerates Resolution of US$737m in 14 Stalled Projects in Sihanoukville
The Cambodian government is expediting the resolution of 14 stalled projects in Sihanoukville, collectively valued at approximately US$737 million. This initiative aims to boost investment through incentives, concessions, mediation, and dispute resolution efforts. This information was disclosed in a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance […]