CDC Approves 4 Major Projects Worth $US96.8million
The Council for the Development of Cambodia (CDC) has approved four private companies to invest a total of approximately US$96.8 million in In Kratie, Svay Rieng and Sihanoukville provinces. 1- “L-Q New Energy Co., Ltd.” will build a solar panel factory located in the UBE Snoul Special Economic Zone, Kratie province, with an investment of […]
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MPWT Requires Road Infrastructure Construction Company Owners to Have a Licence
The Ministry of Public Works and Transport (MPWT) announced on 18 July 2022 that public entities and private companies wanting to renew their licences for any road infrastructure business or change the type of license must apply to the Ministry of Public Works and Transport at least three months before the license expiration. When applying […]
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Cambodian Government Extends Tourism-Related Business Tax Exemption for Three Provinces
The gov’t announced on 15 July 2022 the extension of three months of tax exemption for tourism-related businesses only in Phnom Penh, Siem Reap and Sihanoukville. The tax exemption initiative has three major measures: Continue to exempt all types of monthly taxes, except for value-added tax on hotels, guesthouses and travel agencies registered with the […]
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MoE Validates 10 Activities to Transform Sihanoukville into Environmentally Friendly Multi-Purpose Economic Zone
The Ministry of Environment (MoE) has validated 10 activities within a technology action plan (TAP) of the Technology Need Assessments Project (TNA) to support the implementation of environmentally friendly technology for special economic zones in Sihanoukville, according to a validation workshop on TAP of TNA on 15 July 2022. The workshop has validated 10 activities […]
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More than 1,000 Unfinished Buildings in Sihanoukville
Long Dimanche, Deputy Governor of Sihanoukville Province, said on 14 July that the departure of Chinese investors due to the closure of online games and the COVID-19 crisis over the past three years has left unfinished constructions scattered in Sihanoukville. “At the meeting that day, we observed that new investors who want to invest, such […]
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Seal of General Department of Cadastral to Replace Old Vente Definitive and Donation Definitive
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has instructed its Municipal/Provincial Departments to stop using the Vente Definitive and Donation Definitive with the signing seal of H.E. Leom Vean, according to a letter dated 13 July 2022. The Municipal/Provincial Departments of Land Management, Urban Planning, Construction, and Cadastre have to use the […]
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Cambodia Asks China to Support Seven Prioritised Infrastructure Development Projects for 2022-2024
Cambodia has asked China to provide a concessional loans to support seven prioritised infrastructure development projects for 2022-2024. This is according to the plenary meeting of the Cambodia-China Intergovernmental Coordinating Committee for the Implementation of Comprehensive Strategic Partnership Cooperation via video call on 14 July 2022. The two sides have agreed to prioritise infrastructure development […]
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MPTC to Build 100 Antenna Stations in Tourism Areas following Prime Minister’s Suggestion
The Ministry of Post and Telecommunications (MPTC) will build 100 additional antenna stations to improve service quality in priority tourist destinations and remote tourist areas using funds from the Global Service Fund, according to the press release on 12 July 2022. This project came up straight away after Prime Minister of Cambodia, Samdech Techo Hun […]
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143 Cambodia Casinos Applied for Annual Licence: Regulator
A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. “The law on commercial gambling management requires a minimum capital investment, plus the […]
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CDC Approves Two Major Projects in Phnom Penh & Kampong Speu
The Council for the Development of Cambodia (CDC) has approved the approval of a private company to invest approximately US$7.7 million in Phnom Penh and Kampong Speu: XIN MEI DA (CAMBODIA) GARMENT CO., LTD will establish a garment factory in Building B, Choam Chao St., Damnak Thom 2 village, Sangkat Stung Meanchey III, Khan Meanchey, […]
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My Second Home Impel Cambodia to compete with Thailand
Cambodia My Second Home has impelled Cambodia to become a competitor to Thailand to attract foreign investors through real estate developments. This is according to pattayamail published on July 12, 2022. Cambodia My Second Home is not the same as the 10-year visa application for the new Thai Immigration Initiative, as it does not provide […]
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MEF Begins to Disseminate Law on PPPs to Implementers
The Ministry of Economy and Finance held a first dissemination workshop on the “Law on Public-Private Partnerships” (PPPs) to ministries and institutions of the Royal Government of Cambodia, development partners, financial institutions, consulting firms in the public investment sector, law firms, insurance companies, national and international companies, and other private sector representatives, totalling around 200 […]
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