Immovable property and tax registration procedure in Cambodia
Immovable property registration is very important in managing, trading, and transferring property. It also confirms the legitimacy of those immovable properties. Immovable property registration is subject to any land and buildings that are taxable. Generally, all property owners with immovable properties worth more than 100,000,000 riel are taxable. (Read more) According to the Law on […]
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Tbong Khmum Governor initiates 8,000 hectare flooded forest preservation area for ecotourism
The Tbong Khmum provincial administration plans to transform over 8,000 hectares of flooded forest into s flooded forest preservation area for serving the ecotourism sector, according to H.E. Cheam Chansophorn, Provincial Governor of Tbong Khmum at a press conference on Progress and Continuing Direction of Tbong Khmum Province on 25 June 2020. “If we can […]
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PM Hun Sen: US$100 million to help developing rural infrastructure while creating more jobs
The USD$100 million in rural infrastructure projects that the government is providing not only helps develop local infrastructure but also provide jobs for people. The statement was made by Prime Minister Hun during the delivery on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. The Prime Minister explained […]
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US$100 million water reservoir in Preah Vihear 41.5% completed
The US$100 million water reservoir project on which construction started in November 2019 is now 41.5%, according to an official press release from the Preah Vihear provincial administration on 25 June 2020. The project is being developed by The Consortium of Guangdong Foreign Construction Co., Ltd. & Guangdong Yuantian Engineering Co., Ltd. The total construction […]
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ASEAN: Mega construction projects will rebound to reach US$2.9 trillion over the next five years
Increasing investment in ASEAN construction industry The COVID-19 crisis has left many economies across the globe, including the construction industry, closed for a months during the first quarter of 2020. For ASEAN, significant opportunities for the growing demand for construction machinery are expected to increase after 2020, due to large infrastructure projects and changing labour […]
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A2A Town Cambodia invests in 10,000-hectare scientific EDU and ecotourism site in Kirirom
The Kirirom for Everyone project or “vKirirom” situated a 10,000 hectare plot which is an investment by a Japanese company will transform the Kirirom mountainous area into a multifunctional scientific and educational centre and ecotourism site. The project, surrounded by pine forests and hills, located in Kirirom, Kampong Speu province, will include construction of an […]
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PM calls for loan restructuring for private educational institutions
Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia […]
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Samdech Vibol Panha Sok An Kirivong cultural park to be built in Takeo
Construction has begun on the Samdech Vibol Panha Sok An Kirivong cultural park at Beoung Tonleab with the restoration of Boeung Toleab, and clearing and filling the land. The park is scheduled to open to the public in Kirivong district in Takeo province soon. According to the official Facebook page of Kirivong District, this 500m […]
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About 1,400 m2 of Cherng Laung lake will be cleared to fill the new airport
Samdech Techo Hun Sen asked OCIC Chairman to restore the Cherng Laung lake by digging out land to build the construction of the new airport while benefiting the local resident at the same time. On 22nd June 2020, Samdech Techo Hun Sen asked Neak Oknha Pung Kheav Se, Chairman of OCIC Company, to restore and […]
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PM Hun Sen: house demands still on course amid COVID-19
Cambodian people are still reportedly able to afford for buying houses at housing construction projects amid the COVID-19 pandemic. However, Cambodia’s economic growth this year projected to growth at the negative growth rate. In a visit to inspect construction process of new Phnom Penh international airport on June 22, Samdech Techo Hun Sen, Prime Minister […]
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PM Hun Sen: Functions of Pochentong airport to change with new airport
Prime Minister Hun Sen has announced that after construction of the new Phnom Penh International Airport is complete, the functionality of Pochentong International Airport will be changed for use as a military airport, for domestic flights, air freight facilities, as a private jet landing area, and to welcome honoured guests arriving in Cambodia. The announcement […]
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Types of license or permit for real estate business in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term (referred to as land or building leases for over 15 years) must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential […]
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