New US$8.6 Million Investment Project Approved for Pou Senchey District
The Council for the Development of Cambodia (CDC) has given a permit to QMDJ (CAMBODIA) CO., LTD to invest US$8.6 million in building a garment factory in Phnom Penh’s Pou Senchey district. According to a CDC announcement on 21 April, the new investment will help create approximately 500 jobs for locals. In the first two […]
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Tax Obligations for Condos Under Construction
During the COVID-19 pandemic crisis, construction on many condo projects was delayed or suspended. Are these under-construction condo projects subject to property tax? According to officials from the General Department of Taxation (GDT) during the Q&A Facebook live session on 21 April, whether or not the condo project is subject to tax depends on two […]
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GDT: Register Unused Land Before End of 2023 to Get Three Tax Incentives
The General Department of Taxation (GDT) has called on owners of unused land to register their tax obligations before 2023 to get tax incentives. Tax officials said in the online seminar on 21 April that owners who hold soft titles will get three incentives when coming to register their property for the first time. First, […]
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Revenue From Stamp Duty Tax in Q1 at US$55.7 million, Up By 35% Y-o-Y
Revenue from stamp duty tax on property transfers was recorded at approximately US$55.7 million in Q1 of 2022, an increase of 35% compared to the same period last year. The figure was presented at a monthly meeting chaired by HE Kong Vibol, Director General of the General Department of Taxation (GDT), on 19 April. During […]
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PM: Infrastructure One Among Six Boosters Behind Cambodia’s Economic Recovery
Cambodian Prime Minister Samdech Hun Sen said that the well-connected infrastructure across the country is one of the other six main drivers of economic recovery and the success of the Khmer New Year celebration. During the new Phnom Penh flood prevention system inauguration ceremony on 20 April, PM Hun Sen said the six factors behind […]
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Cambodian Gov’t Shifts Focus to Climate Resilient Infrastructure Development
The Ministry of Public Works and Transport (MPWT) has unveiled three action plans to reduce risks and disasters in the transportation sector through the quality improvement of infrastructure development. MPWT Secretary of State HE Chuon Vin said during the progress follow-up meeting on Tuesday 19 April that one of the most important actions is to […]
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New Concrete Bridge Connecting Pak Klang & Koh Yor in Koh Kong Planned
The government has decided to build a new concrete bridge connecting Pak Klang commune to Kor Yor in Koh Kong province, replacing the old steel bridge to facilitate the travel of people and tourists. Prime Minister Samdech Hun Sen unveiled the project during the inauguration of a new flood protection system Phnom Penh on Wednesday […]
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US$34-million Japan-Funded Flood Protection & Drainage System Inaugurated
A US$36-million Japan-funded flood protection and drainage system phase 4 in Phnom Penh has been officially inaugurated, playing a vital role in urban development in the capital. The inauguration ceremony was held on 20 April under the presidency of Samdech Prime Minister Hun Sen. The project took 36 months to be constructed, starting from December […]
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Cambodia’s Largest Construction Expo Held Once More in 2022, Jump-starting the Sector
The largest construction exhibition in Cambodia, organised by the Cambodia Constructors Association (CCA), will be held by the end of 2022 at the Diamond Island Convention and Exhibition Centre after being suspended in 2020 and held online in 2021 due to the COVID pandemic. This return to a fully-fledged event is expected to help jump-start […]
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Cambodia, Japan Inaugurate Multiple Education Facilities in Battambang
Multiple infrastructure and facilities within the Battambang Provincial Teacher Education College have recently been inaugurated under the presidency of Education Minister HE Hang Chuon Naron and Japan Embassy representative Karimata Atsushi. Those facilities include an administration building with 2 floors and 29 rooms, a teaching building with 3 floors and 30 classrooms, an IT & […]
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Non-SEZ Investment Value at US2-billion in First two months of 2022, Over 230% Rise Y-o-Y
The number of investment projects based outside special economic zones (SEZ) that were registered with the Council for the Development of Cambodia (CDC) in the first two months of 2022 was recorded at 35 projects with a total investment of value of approximately US$2 billion. According to a recent Ministry of Economy and Finance report, […]
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Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. […]
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