MEF Begins to Disseminate Law on PPPs to Implementers
The Ministry of Economy and Finance held a first dissemination workshop on the “Law on Public-Private Partnerships” (PPPs) to ministries and institutions of the Royal Government of Cambodia, development partners, financial institutions, consulting firms in the public investment sector, law firms, insurance companies, national and international companies, and other private sector representatives, totalling around 200 […]
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PM Hun Sen Asks Private Companies to Enhance Quality of Internet Services to Remote Tourism Areas
Prime Minister of Cambodia, Samdech Techo Hun Sen, has requested telecom and internet providers to strengthen their services in cities and expand to remote tourism areas. Samdech Techo Hun Sen made the remarks at the Closing Ceremony of the Tourism General Meeting, Summary of The First Phase (2022-2021), and H1 of 2022 of Plan Summary […]
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Government Cuts 6 hectares of Land from Ta Mok Lake to Private Owner
The Royal Government of Cambodia has reclassified 6.1 hectares of land on Ta Mok Lake from public property to state private property. According to the recently circulated sub-decree dated 16 February 2022, an area of 61,836 square metres in Ponhea Pon commune, Prek Pnov district has been reclassified and handed over to the private owner […]
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Singapore Launching First Taxi Drone Service in Early 2024
Singapore will use a modern and innovative way of transporting tourists to get new experiences and excitement with a 12-kilometre air drone that can fly up to two passengers. According to The Straits Time published on 12 July. This type of taxi drone was developed by the German company Volocopter and is expected to go […]
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Gov’t Aims to Transform Cambodia into Automotive & Electronic Component Production Hub
The Royal Government of Cambodia aims to turn the country into a hub for the production of auto and electronic components as part of economic diversification and economic recovery in the aftermath of the COVID-19 crisis. This vision is set out in a draft roadmap for the development of the automotive and electronics sectors in […]
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Rental Rates of Serviced Apartment Increase as Supply Increases by 21% in H1 of 2022
In the first half of 2022, rental rates for serviced apartments increased slightly, while supply also increased by 21% compared to the second half of 2021, according to CBRE Cambodia on 07 July 2022. Rental prices of serviced apartments increased by 2.4% for Grade A (high price) and by 1.5% for Grade B (medium price). […]
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Property Taxpayers Urged to Make Payment Before September Deadline
The General Department of Taxation (GDT) has reminded all property owners subject to tax to declare and pay either the property tax or unused land tax for 2022 before 30 September, according to a GDT announcement on 12 July 2022. All property owners can make tax payments at the General Department of Taxation (GDT) or […]
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Evergrande Bondholders Dismiss Plan to Delay US$671M Payment
China Evergrande’s bondholders have dismissed a plan to delay payment for 4.5-billion-yuan, accounting for a US$671 million bond, according to Asia Financial on 11 July 2022. Evergrande told the Shenzhen Stock Exchange that it was in talks with bondholders to reach an agreement as soon as possible. In the statement, Evergrande added that it was […]
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Sokha Hotel Company Expands Investment on Over 10,000 Hectares on Bokor Mountain
The Sokha Hotel Company of Oknha Sok Kong has proposed expanding its investment on 11,177 hectares located in the Monivong Bokor National Park, according to a decision of the Ministry of Land Management, Urban Planning and Construction. To date, the inter-ministerial working group, with members from MLMUPC, Environment, Tourism and other stakeholders, are studying, checking […]
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Cambodia Imports US$185m of Iron & Steel in First Half of 2022
Cambodia imported a total of US$185 million worth of iron and steel in the first quarter of the year, up 20% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.2% of the total import value of US$15,864 billion, an […]
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MPWT Warns Vehicles Not to Travel on Phnom Penh-Sihanoukville Expressway
The Ministry of Public Works and Transport (MPWT) has announced that it will not allow any type of vehicle to travel on the Phnom Penh-Sihanoukville Expressway under the pretext of avoiding interference with the construction process and other accidents during travel. This is according to the announcement of the ministry on 12 July 2022. To […]
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RGC Cuts Over 7000 Hectares from Natural Protected Areas in Three Provinces for LASED III
The Royal Government of Cambodia (RGC) has decided to cut 7653 hectares from natural protected areas in three provinces for people living in poverty under the Land Allocation for Social and Economic Development Phase III (LASED III) project, according to the three separate sub-decrees, of which two of them are dated on 10 January and […]
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