The Mekong River Commission delays discussions on Loa’s two hydropower projects
The Mekong River Commission has decided to delay decisions Laos’ two hydropower projects on the Mekong River due to concerns over the environmental impact of Cambodia, Thailand, Vietnam and others around the Mekong. According to the announcement of the Mekong River Commission on June 5, 2020. The first hydropower project, the Luang Prabang hydropower project, […]
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Collective Investment Scheme – Cambodia
A Collective Investment Scheme (“CIS”), as defined by the law of Cambodia, is an investment structure where various individuals come together by pooling their money to invest in a particular asset in the form of fund collections, returns or profits earned by the investors as per their investment proportion agreement or as per the shareholding […]
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Post COVID 19, Cambodia’s transport and public works redirect toward sustainability
Cambodia economy has felt great impact from the corona-virus outbreak. In the same tone with the world bank’s prediction of the minus 1% to 2.9% economic drop, the UN spell out similar tone that like many countries around the world, Cambodia faces a complex challenge to respond to the impact of Covid-19. This is according […]
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Koh Kong Kroa Island’s future development potential expects, once enlisted as a “marine national park” in 2021
The Royal Government is studying development projects on Koh Kong Kroa Island, the country’s largest island, with a total area of 103 square kilometers; and expects to transform it into a “marine national park” in 2021. On June 4, the Royal Government of Cambodia issued a decision on the establishment of a commission to oversee […]
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Cambodian People’s Party HQ building 95% complete
The new Cambodian People’s Party (CPP) headquarters building is now 95% complete, according to Prime Minister Hun Sen’s official Facebook page on the morning of 05 June 2020. The new CPP headquarters is a five-storey 50,000 square metre building being built on a 1.6-hectare plot and which will eventually stand 48 metres high. The new […]
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Tourism Port in Mekong river plans to be constructed in Kean Svay district
An international standard tourism port has been planned to construct on the lower Mekong River located in Kean Svay district, Kandal province by a private company aiming to contribute and enhance tourism sector development in Phnom Penh. The port construction project was raised up by Prince Real Estate Group in a meeting with H.E. Thong […]
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One Belt, One Road projects resumes work despite COVID-19 fears
China’s One Belt One Road Initiative in Cambodia is continuing as usual despite the ongoing recent lack of construction workers and supplies due to COVID-19, according to the Xinhua website on 02 June 2020. Since the outbreak of COVID-19, the government has released strict measures to prevent the spread include 14-day quarantine and other precautionary […]
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MoE registers 30,000 hectares of natural heritage sites, plans to enlist more
Since 2016, the Ministry of Environment (MoE) has issued sub-decrees to establish 11 historic mountain resorts as natural heritage sites on a total area of 28,719.391 hectares and is now considering list other natural sites. “The Royal Government’s sub-decrees to transform these 11 mountain resorts into mountain natural heritage sites marks our high consideration on […]
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What kind of immovable properties are taxable?
With the real estate sector booming, especially in the land and housing markets in Cambodian cities and provinces, understanding the types of taxable immovable property is important for property developers, land broker agencies and the general public to process their tax payment as required by law. What kind of immovable properties are taxable? The definition […]
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30MW Solar Station in Banteay Meanchey to Supply Power in October
A 30-megawatt solar power station in Banteay Meanchey province is scheduled to generate power to the grid, contributing to demands of power consumption in the province which is currently attracting significant investments. “Recently, a project called 30MW solar power is under construction.”, said Um Reatrey, the provincial governor of Banteay Meanchey on June 4. Currently, […]
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Four Win-Win Memorial Parks to be finished by the end of 2020
The government has announced construction of four parks at the Win-Win Memorial to celebrate the anniversary of the Win-Win policy which will be held in December 2020, according to an official press release from the Ministry of National Defence on 04 June. At a meeting of the Win-Win Palace Construction Team on 03 June 2020, […]
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Successful strategies for real estate developers in this slow market
Aside from the aggressive discounts available in the market, ongoing with the oversupply of condominium units, real estate developers are being urged to come up with new strategies to hit or keep up their sales targets, as sales have remained flat for most condominium developments, with the price collapse most noticeable in Sihanoukville. Affordability has […]
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