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ខ្មែរ 
143 Cambodia Casinos Applied for Annual Licence: Regulator
- 15 July 2022
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 COVID-19, caused some of th...
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CDC Approves Two Major Projects in Phnom Penh & Kampong Speu
- 14 July 2022
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, Phnom Penh, with an investment of approximately US$3.6 mil...
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My Second Home Impel Cambodia to compete with Thailand
- 14 July 2022
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 bureaucratic details. For Cambodia My Second Home, th...
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MEF Begins to Disseminate Law on PPPs to Implementers
- 14 July 2022
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, t...
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PM Hun Sen Asks Private Companies to Enhance Quality of Internet Services to Remote Tourism Areas
- 14 July 2022
Prime Minister of Cambodia, Samdech Techo Hun Sen, has requested telecom and internet providers to strengthen their services in cities and expand to remote tourism areas. Samdech Techo Hun Sen made the remarks at the Closing Ceremony of the Tourism General Meeting, Summary of The First Phase (2022-2021), and H1 of 2022 of Plan Summary of Rehabilitate and Promote Cambodia's Tourism Sector in and...
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Government Cuts 6 hectares of Land from Ta Mok Lake to Private Owner
- 14 July 2022
The Royal Government of Cambodia has reclassified 6.1 hectares of land on Ta Mok Lake from public property to state private property. According to the recently circulated sub-decree dated 16 February 2022, an area of 61,836 square metres in Ponhea Pon commune, Prek Pnov district has been reclassified and handed over to the private owner under the Ta Mok Lake Reclassification. The subdivide...
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Singapore Launching First Taxi Drone Service in Early 2024
- 13 July 2022
Singapore will use a modern and innovative way of transporting tourists to get new experiences and excitement with a 12-kilometre air drone that can fly up to two passengers. According to The Straits Time published on 12 July. This type of taxi drone was developed by the German company Volocopter and is expected to go public in Singapore in early or mid-2024. This taxi drone will initially b...
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Gov’t Aims to Transform Cambodia into Automotive & Electronic Component Production Hub
- 13 July 2022
The Royal Government of Cambodia aims to turn the country into a hub for the production of auto and electronic components as part of economic diversification and economic recovery in the aftermath of the COVID-19 crisis. This vision is set out in a draft roadmap for the development of the automotive and electronics sectors in Cambodia, which is being discussed and collected for additional input...
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Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
- 13 July 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). For the supply in H1 this year, more than 400 units were completed and ope...
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Property Taxpayers Urged to Make Payment Before September Deadline
- 13 July 2022
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2022 before 30 September, according to a GDT announcement on 12 July 2022. All property owners can make tax payments at the General Department of Taxation (GDT) or at the provincial / Khan tax branch where the property is located or through t...
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Evergrande Bondholders Dismiss Plan to Delay US$671M Payment
- 12 July 2022
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was working on a debt restructuring plan, that want...
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Sokha Hotel Company Expands Investment on Over 10,000 Hectares on Bokor Mountain
- 12 July 2022
The Sokha Hotel Company of Oknha Sok Kong has proposed expanding its investment on 11,177 hectares located in the Monivong Bokor National Park, according to a decision of the Ministry of Land Management, Urban Planning and Construction. To date, the inter-ministerial working group, with members from MLMUPC, Environment, Tourism and other stakeholders, are studying, checking and evaluating the e...
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