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ខ្មែរ 
US$160-million Morodok Techo Stadium Almost 100% Complete
- 19 April 2021
Construction of the US$160-million Chinese-funded Morodok Techo Stadium is almost 100% complete and is expected to be finished next month despite the recent surge in the COVID-19 community outbreak. The stadium is being built by China State Construction Engineering Corporation on an area of 94 hectares in Sangkat Prek Ta Sek of Russey Keo district. With ground broken in April 2017, the stadi...
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Gov’t Approves Three Major Investment Projects Worth Approx. US$8 Million
- 19 April 2021
The Council for the Development of Cambodia (CDC) has recently approved three major investment projects worth approximately US$8 million in Phnom Penh, Kandal and Kampong Speu. The first permit was given to Vanzel Printing & Packaging (Cambodia) Co., Ltd, which will invest US$2.1 million to build a garment and printing accessories factory along NR3 in Kandal Steung district, Kandal province...
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New Zealand Firm Unveils Tyres-to-Cement Production Technology
- 19 April 2021
A New Zealand construction company Fletcher Building has recently completed a study to divert used tyres from landfill to cement manufacture, which could help reduce carbon emissions by over 13,000 tons per year. According to the Global Construction Review's report on 1 April, the company will burn a total of 3 million used tyres a year at 1,400 degrees Celsius for cement production. The fir...
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Seven Expressways Worth US$6.5 Billion to Boost Logistics Network in Mekong Delta Region
- 13 April 2021
At least seven expressways with a total length of over 1,000 km are gradually emerging on the Mekong Delta region in the next 5 to 10 years, marking another major infrastructure that regional logistic system. According to Vietnam VnExpress, those seven projects include: 1. Trung Luong-My Thuan Expressway Project The project has a total length of 51 km and is being built with an investmen...
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Comparing Two Types of Real Estate Business Licenses in Cambodia
- 13 April 2021
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or long-term leasing 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 development building apartments and villas for sale, 2) co-ownership building bus...
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Gov’t to Collect VAT on Online Business
- 13 April 2021
The Generation Department of Taxation (GDT) announced on 13 April that it will begin to collect value-added tax (VAT) on all online businesses soon, while the detailed procedures are set to be announced later. This announcement is made following the new sub-decree issued on April 8, which states that the tax will be applied to all digital trading businesses, even with or without permanent addre...
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Understanding Four Major Property-Related Taxes in Cambodia
- 13 April 2021
In Cambodia, all real estate transactions are taxable. The four major property-related taxes as follows: Property Transfer Tax or Stamp Duty Tax (4%) A tax rate of 4% applies to all transfers of property. This tax is often paid by buyers, but it can be negotiable depending on their contracts. Taxpayers must pay the tax within 3 months after the property transfer. To date, this tax is exempted ...
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Japanese Firm Wins Bid for Choeung Ek Wastewater Treatment Plant Construction Work
- 13 April 2021
A Japanese private company Kubota Metawater Joint Venture has won a bid to construct a US$27 million large-scale wastewater treatment plant at Choeung Ek Lake in the southern part of Phnom Penh. The bidding ceremony was held in Tokyo, Japan on 12 April. With the capacity to treat water up to 5,000 cubic metres/day, the Choeung Ek water treatment plant will be large enough to manage wastewate...
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Chinese Loan Not a Debt Trap, Says Chinese Embassy
- 12 April 2021
The Chinese Embassy in Cambodia yesterday issued a letter stating that China has no intention of setting up a debt trap or seizing Cambodia's sovereignty. However, the Chinese loans rather have helped promote development in Cambodia to a large extent. The letter was issued in response to RFA's recent allegations that the Chinese loans to Cambodia violated human rights and would put Cambodia in ...
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Similarities and Differences Between Pledges and Hypothecs
- 12 April 2021
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use or benefit from their property as usual. For example, a mortgage in most c...
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Construction delays another greatest risk for the condo market besides oversupply
- 12 April 2021
Construction delays, as well as the delays in handover date, are the two main concerns in the condominium market at the moment, followed by the oversupply issue, according to CBRE Cambodia’s recent report. The report added among other causes, the loss of foreign investment in the sector is the prominent one that negatively impacts the market. According to the report, seven projects out of 19...
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Diamond Island Convention Centre to Become COVID-19 Treatment Facility
- 10 April 2021
The OCIC, Canadia Group, and Cambodia Constructors Association (CCA) Chairman Neak Oknha Pung Kheav Se has allowed the government to convert Diamond Island Convention and Exhibition Centre as a COVID-19 treatment facility, according to Prime Minister Samdech Hun Sen on 10 April. PM Hun Sen announced that currently there are three hospitals to treat COVID-19 patients, but they are all full. Thus...
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