Gov’t Urges Hungary to Invest More in Cambodia as Bilateral Trade Up 84% Y-o-Y
Cambodia has asked Hungarian investors to study and explore more trade and investment opportunities in Cambodia, as the two countries’ trade volume has increased significantly, reaching more than US$7 million in 2022. This is according to the meeting between Secretary of State of the Ministry of Commerce HE Tek Reth and new Ambassador of Hungary […]
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Customs Revenue at US$2.6bn in 2022; 5.9% Earned From Construction Sector
In 2022, the General Department of Customs and Excise of Cambodia collected 10,998.9 billion Riels or about US$2.6 billion, an increase of 18.3% compared to 2021, according to the announcement of the General Department on 3 February. Revenue includes a value-added tax of 4,169.8 billion riels (37.9% of total revenue), a special tax of 4,151.6 billion […]
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Kampong Cham Authority Registers Over 710,000 Land Titles
As of 2022, Kampong Cham provincial authorities have achieved systematic land registration of 713,500 plots, equivalent to 77% of the total targeted plan, according to Governor HE Un Chanda on 3 February. There are a total 924,421 plots of the land needed to be registered in the province or equivalent to 274,307 families. In principle, the […]
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Construction of Dara Sakor Int’l Airport 80% Complete
The construction of Dara Sakor International Airport is approximately 80% complete with final completion scheduled for June 2023, according to the company’s report. Director of Dara Sakor International Airport Mao Keo Pich Chanmony told Construction & Property Magazine on 4 February, that the opening date is still uncertain. He said that the remaining work includes the […]
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World Bank to Help Renovate 750km of Rural Roads in Eight Provinces
The World Bank will provide more funds to the Cambodian Government to upgrade and renovate a total of 750km of rural roads from 2023 to 2027 extending the World Bank’s active involvement in Cambodia’s development. After completing the first phase of the Disaster Management Project in Cambodia and Southeast Asia, on 31 January 2023, HE […]
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Royal Group Speeds Up Connection of 60km Submarine Power Line to Koh Rong
Royal Group Koh Rong Development Company, a subsidiary of the Royal Group, has invested in the construction of a submarine power line from the mainland to Koh Rong Island, where the company owns a number of resorts, hotels and an airport. The construction of a 60km submarine power cable, a joint venture between the company […]
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463 Factories Operate in Six Districts in Kampong Cham
Kampong Cham province has attracted investors to invest in many development projects. 463 projects and factories are operating in six cities in districts in Kampong Cham province. In a press conference on 3 February, Kampong Cham Governor HE Un Chanda said that in the labour field, there are a total of 463 enterprises and factories […]
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Gov’t Hands Over Residential Titles With Tax Exemption To Over 1,200 families From Borei Keila
The government has handed over ownership titles for more than 1,200 families living in the Borey Keila complex, along with tax exemptions. Phnom Penh Governor HE Khuong Sreng said on 3 February that the decision was made by Prime Minister Samdech Hun Sen with the aim to reorganise the city and give proper residences to […]
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New Medical Building Worth Approx. US$200K in Kampong Chhnang Inaugurated
A new medical building along with new equipment at the Kampong Chhnang Provincial Referral Hospital has been officially inaugurated. The inauguration ceremony was presided over by the Deputy Governor of Kampong Chhnang Province Mr Yin Saven on 1 February. Worth nearly US$200,000, the new building is equipped with two dialysers, one water purifier, and one […]
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JICA-funded Water Supply Station in Sangkat Niroth Set for Construction in 2024
The third phase of the Sangkat Niroth treatment plant with a capacity to produce water up to 130,000 cubic metres per day is set for construction in 2024. The agreement between Phnom Penh Water Supply Authority and JICA was signed on 2 February 2023. HE Long Naro, Director General of Phnom Penh Water Supply Authority, […]
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Construction of New Road Connecting Bokor to NR4 74% Complete
As of February 2023, the construction of a new road connecting Bokor National Park to NR4 with a total length of 61km, has been approximately 74% completed, according to a Sokha Real Estate announcement on 1 February. This new road connecting to NR at km 158 + 200 from Bokor Mountain passes through the economic land […]
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Gov’t urges real estate businesses to submit report on time
The Real Estate and Pawnshop Business Regulator (REPBR) has recently reminded all real estate developers, real estate service providers and pawning businesses to submit regular and accurate reports; otherwise will face fines. These businesses must report directly to REBPR located at the UN building. No. 168F (7th floor), Street 598, Sangkat Chrang Chamnan 1, Khan […]
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