Cambodia Never Asks to Delay Loan Repayments from Foreign Creditors
Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. […]
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Construction of Phnom Penh-Sihanoukville Expressway 26% complete
As of the end of September, the construction of Phnom Penh-Sihanoukville Expressway was 26% complete, while the whole project is set to finish by 2023. Ministry of Public Works and Transport spokesman Heang Sotheayuth told National Radio of Cambodia on 09 October that the construction of this way expressway is over 26% complete, and the […]
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Half of Government’s Public Investment Allocated to Infrastructure Sector
The Cambodian government has approved 629 public investment projects, worth over US$12 billion, of which 50% has been allocated to infrastructure development, according to the 2021-2023 public investment bill approved by the cabinet on the morning of 09 October. Among all the projects, 203 projects are being implemented, using US$8.3 billion in capital. Meanwhile, the […]
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National Police Chief Urge Strengthening Security in Condos and Boreys
The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom […]
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Chinese Firm Finishes Phnom Penh-Bavet Railway Feasibility Study
The assigned Chinese firm has recently finished the feasibility study of the railway project connecting Phnom Penh to the Vietnam border Bavet City, according to a senior official of the Ministry of Public Works and Transport (MPWT). Ministry spokesman HE Vasim Sorya said on 06 October that the railway project is part of the development […]
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Government Gives Green Light to Tourism Port Project in Kandal Province
Prime Minister Hun Sen has encouraged Prince Real Estate Group to invest in a tourism port on the site of the newly opened entertainment centre Prince Manor in Kien Svay District to promote tourism. “Prince Manor has also invested in an attractive area which also contributes to Cambodia’s tourism sector as well as agriculture. I […]
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Government to Upgrade Three National Roads in Kampot
The Cambodian government has recently revealed plans to upgrade three national roads in Kampot province, including NR41, NR31, and NR33. The three projects are currently awaiting approval from the Ministry of Economy and Finance. Prime Ministry Hun Sen made the statement during the grand opening ceremony of Prince Manor on October 7. (Read more) “Yesterday […]
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PM Hun Sen to Break Ground on Koh Norea Bridge Project on 26 October
Prime Minister Samdech Hun Sen will break ground on the construction of a cable-stayed bridge connecting Koh Pich to Koh Norea in late October, according to his speech during the grand opening ceremony of Prince Manor on the morning of 07 October. “On 26 October, I will break-ground on another construction site, a concrete bridge […]
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Ground Broken on US$290 million Aeon Mall 3
Japanese firm Aeon Mall (Cambodia) Co Ltd broke ground on the morning of 07 October on its third mall located long Hun Sen Blvd in south Phnom Penh, after its success with the first and second malls in Cambodia. The ground-breaking ceremony was presided over by Phnom Penh Governor HE Khuong Sreng and Aeon representatives. […]
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US$85 million Entertainment Centre in Kandal Prince Manor Officially Opens
Samdech Prime Minister Hun Sen presided over the grand opening ceremony of Prince Manor on the morning of 07 October, a gigantic entertainment centre in Kandal Province. Located along NR1 in Kien Svay District, about 20km from Phnom Penh city centre, Prince Manor has been developed by Chinese firm Prince Culture and Tourism Development Co., […]
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Q&A: New Capital Gains Tax & the Impacts on the Cambodian Real Estate Sector
After the Department of General Taxation (GDT) announced that all capital gains, including the profit gained from selling real estate, are subject to a 20% tax after 01 January 2022, there have been doubts regarding how exactly the new tax will be implemented. One of the leading law firms in Cambodia DFDL and renowned real […]
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Hotel in Thailand Apologises for Using Angkor Art to Decorate Hotel
The owner of Le Palais Hotel in Koh Phangan has issued an apology following criticism for using ancient Khmer temple art as the designs for the hotel and restaurant. “We are extremely sorry for the frustration this has caused you and would like to clarify the vision from our founder’s heart and intention,” read the […]
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