GDT to Apply New Land Price Rates Across the Country

The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation. On 25 October, 2018, H.E Kong Vibol told reporters at the ‘Tax Forum’organised by EuroCham Cambodia that the government is preparing to update land prices which will be imple...

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ADB Provides Us$30 Million for Tourism Infrastructure Development Projects

Cambodia has signed agreements with the Asian Development Bank (ADB) worth more than US$30 million for tourism infrastructure development projects in two provinces, according to a press release from the Ministry of Economy and Finance (MEF). On 24 October, 2018, Cambodia and the ADB signed four financing agreements worth more than US$250 million of which US$30.89 million is for tourism infrastr...

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Airport Development Project in Poipet to Resume

Sample photo by Global New Light Of Myanmar The government has allowed a local firm to reopen an airport development project in Poipet City, according to civil aviation officials. On 22 October 2018, Mr Sinn Chanserey Vutha, spokesman for State Secretary of Civil Aviation (SSCA) told Construction &Property Magazine that the domestic airport development project in Poipet was approved in p...

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The Advantages of Cambodians Purchasing Real Estate Under the Portugal Golden Residence Permit Program

With the backdrop of the Atlantic Ocean, the century-old rustic architectural backdrop and wooden trams are frequent sights in this ancient city of Portugal. Perched on the edge of Europe, the capital city of Lisbon boasts an average of 2,799 hours of sun and earned its nickname as the sunniest city. Portugal’s national drink, ‘porto wine’, and the freshly baked pastel de natas, better known as th...

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UPG Pipe Contest Showcases Great Art Works of Young Cambodian Youth

Creative architectural works of young Cambodians have been showcased at the ‘EAGLE Pipe Art Contest’ organised by UPG Pipe. Over the past weekend, the ‘EAGLE Pipe Art Contest’ successfully selected a winner who showed great creativity. Demonstrating impressive creativity, the ‘Cambodia Map’ art from Ms Long Kim Heang, a student from the Royal University of Fine Arts won the first prize from amo...

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Three Types of Property in Phnom Penh Show Post-election Positive Change

Photo by CBRE Cambodia Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018. Titled "Investment On The Up: Next General Election", the report shows that condominium, office and retail markets have increased significantly after the July general election. ...

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Phnom Penh Precast Plants Co., Ltd. Achieves Quality Management Systems Registration to ISO 9001

Phnom Penh Precast Plants, one of the leading suppliers of pre-stressed spun concrete transmission poles, reinforced concrete pipes, and PC/PHC concrete spun piles has now been awarded ISO 9001:2015 for its Quality Management System since September of this year. Founded in 2013, and equipped with machinery from Germany and Korea, this high-tech factory uses the latest manufacturing equipment an...

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Ministry of Labour to Investigate Brick Kilns in Cambodia

The Ministry of Labour and Vocational Training(MLVT) said that it will investigate recent claims of modern slavery in Cambodia’s brick kiln by London-based Royal Holloway University. According to the Phnom Penh Post on 18 October, 2018, H.E Ith Sam Heng said that MLVT will open an investigation into the allegations on modern slavery in the country. “We will start investigating. The ministry ...

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Cambodia is More Than Just Temples

With the support from the government of Cambodia, foreign investors are focusing on developing sustainable tourist destinations which will promote the country’s tourism industry to the international arena. One prominent proponent of this process is successful hospitality specialist Mr Rory Hunter who developed Sihanoukville’s famous Song Saa Island and who earlier this week said that his compan...

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Booming Construction Sectors Attracts More Than Us$5 Billion in FDI

Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs. In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 mi...

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“Buy and Sell Property” Seminar to Open for Public at Raffles Hotel

A seminar on buying and selling properties in Cambodia is to welcome participants at Raffles Hotel Le Royal. On 20 October 2018, Cambodia’s leading housing finance provider First Finance will organise a half-day seminar to educate participants on the proper mechanisms to buy and sell property in Cambodia. This free of charge seminar will be held from from 8am to 12pm bringing together around...

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Blood-bricks: Booming Construction in Cambodia Built on Modern Day Slavery

Photo by Royal Holloway The booming construction industry in Cambodia has been built on modern slavery with climate change being the key driver for the workforce, according to research by Royal Holloway, University of London published on 16 October, 2018. Entitled"BLOOD BRICKS: Untold Stories of Modern Slavery and Climate Change from Cambodia", the report shows that“tens of thousands of debt...

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