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ខ្មែរ 
GDT to Launch Property Tax Application Soon
- 22 December 2020
The General Department of Taxation (GDT) plans to launch a property tax application in 2021 to ease tax payment and help maintain social distance during the pandemic. According to GDT Director-General HE Kong Vibol during a live show reporting GDT’s work progress on 17 December, the application is almost ready, but GDT officials have to go through training first before launching the app. “…P...
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Neak Oknha Pung Kheav Se Welcomes All Construction Firms Interested in OCIC Projects
- 21 December 2020
OCIC and CCA Chairman Neak Oknha Pung Kheav Se has said that his firm welcomes all construction companies who wish to take part in any OCIC development projects. “We are open and welcome any firms who want to work with us, for example, the landfilling [reclamation] work at the new Phnom Penh Airport and Koh Norea projects,” Neak Oknha Pung Kheav told Construction & Property Magazine on 18 D...
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Construction of the US$2-million Cambodia-Thailand Commercial Route Almost Complete
- 21 December 2020
The US$2-million commercial road connecting Trat province of Thailand to Veal Veng district of Pursat province is 90% complete and is scheduled to be completed ahead of schedule. According to the Pursat provincial administration on 20 December, the Thai government has spent almost US$2 million to build this road linking the two countries. The road is built with AC type, with 4 lanes, and is 14 ...
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Gov’t to Strengthen Household Electrical Security via Four New IEC standards
- 21 December 2020
The Ministry of Industry, Science, Technology and Innovation (MISTI) has adopted four International Electrotechnical Commission (IEC) standards to strengthen household electrical security in Cambodia. MISTI announced this new standard acceptance during the 23rd video call meeting of the National Standards Council (NSC) on 18 December. MISTI Minister HE Cham Prasidh said that these new standa...
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OCIC to Invest Over US$600 million in Infrastructure Development Next Year
- 21 December 2020
The Overseas Cambodia Investment Corporation (OCIC) has invested approximately US$300 million to develop many massive projects this year, as the firm also plans to invest at least US$600 million more in 2021. OCIC’s chairman Neak Oknha Pung Kheav Se told Construction & Property Magazine on 19 December that the firm has invested around US$70 million in the Koh Norea project and another US$20...
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26 Companies Compete to Develop Indonesian Airport
- 19 December 2020
With the Indonesian government planning to transform Lombok Airport to drive the tourism business on the island as a second choice to Bali, 26 companies have expressed interest in bidding to develop and operate the new airport. The US$700-million project has attracted world-leading contractors such as Bechtel and Vinci (the latter which has developed Cambodia’s airports) and airport operators i...
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Thailand Offers Residency Via Condo Purchase System
- 18 December 2020
In a process approved at the end of November, Thailand is to offer residency visas to foreigners purchasing condos or apartments in a bid to shore up the declining real estate sector and shift completed stock for two years starting in 2021. According to Somchai Soongswang, president of Thailand Privilege Card, buyers will be given a free or discounted five-year residency visa valued at THB500,0...
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Transmission Line Connecting from Oddar Meanchey Power Plant to Siem Reap to Operate Soon
- 18 December 2020
A 230-kilovolt power transmission line connecting from the coal-fired power plant in Oddar Meanchey to Siem Reap is scheduled to operate soon. According to the Siem Reap Provincial Administration, the responsible firm Pestech (Cambodia) PLC is constructing the foundation of the transmission line and cutting down trees that block the line. This transmission line is 135-kilometre long and 30-m...
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Japan Provides More Grant Aid for Development Projects in Three Provinces
- 18 December 2020
The Japanese government has agreed to provide approximately US$400,000 in grant aid to Cambodia to develop infrastructure in three provinces including Koh Kong, Kampong Chhnang and Mondulkiri. According to the Japanese Embassy’s press release quoted by AKP on 18 December, US$196,350 will be used for road improvements in Andong Teuk commune, Botum Sakor district, Koh Kong province. Another US...
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Construction of 46-storey Morgan Tower Complete
- 17 December 2020
After ground was broken in 2018, the main structure of the 46-storey Morgan Tower was completed on 16 December, according to an announcement by the company. The announcement stated that completion include pillars and the main structure all the way up to the 46th floor. Meanwhile, the swimming pool on the 46th has been completed since 27 November. Located on Diamond island of Phnom Penh city,...
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Koh Kong Airport Feasibility Study by LYP Group and Bangkok Airways paused due to COVID-19
- 17 December 2020
The feasibility study to construct a new airport in Mondul Seima district of Koh Kong province, being undertaken by LYP Group and Bangkok Airways, has been paused due to COVID-19 pandemic. State Secretariat of Civil Aviation’s spokesman Sin Chansereyvutha said the government granted the investment project to the firm. However, the study has been paused due to COVID-19. As of today, nothing has ...
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WB: Cambodia Must Closely Monitor Vulnerabilities from Prolonged Real Estate Boom and Associated Credit Spike
- 17 December 2020
The World Bank’s latest report has suggested Cambodia continue closely monitor vulnerabilities caused by a prolonged construction and property boom and an increase of credit provided to the construction and real estate sector. The report entitled Cambodia Economic Update: Restrained Recovery published in November stated that if the pandemic continues and damage caused by recent floods turns out...
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