Land Registration Campaign in Kampot Over 70% Complete
To date, the land registration mission in Kampot province is over 70% complete, as land plots in 358 villages have been registered and got their title deeds issued. The data was unveiled during a site inspection of Kampot Governor HE Mao Thonin to the Banteay Meas village in Banteay Meas district on Thursday 25 November. […]
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France Mulls Setting Up Modern Drainage System in Battambang to Halt Flooding Issue
The French Agency for Development (AFD) is mulling conducting a feasibility study to establish a standardised drainage system in Battambang province, to halt the annual flooding stemming from the rise of the water level in the Sangke River. The plan was proposed by AFD Country Director to Cambodia Ms Bourhis Ophélie during the meeting with […]
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Law on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public services at […]
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Gov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
The General Department of Taxation (GDT) has extended tax exemptions to businesses affected by the COVID-19 pandemic until March 2021. GDT Director General HE Kong Vibol recently said that by seeing difficulties faced by business owners in the sectors such as tourism, and aviation, among others, the government will continue to extend tax exemption period […]
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MPWT to Soon Begin Expansion Work on NR21B Section in Kandal Province
The Ministry of Public Works and Transport (MPWT) will soon start expansion work on a 3km section of NR21B, from the junction with NR2 to the roundabout of Prek Samrong Bridge in Kandal province. MPWT Minister HE Sun Chanthol said during a site inspection on Wednesday 24 November that NR21B has a total length of […]
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MEF Minister Urges ASEAN Valuers Association to Enhance Regional Real Estate Standards & Guidelines
Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth has urged the ASEAN Valuers Association Congress (AVA) to consider implementing four major guidelines to promote sustainable development of the real estate sector. The request was made in his opening speech at the 23rd ASEAN Valuers Association Congress on Thursday 25 November. HE […]
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MEF: Real Estate to Recover in Line with Economic Growth; 2.4% in 2021 & 4.8% in 2022
Cambodia’s real estate sector is projected to recover quickly supported by a gradual increase in foreign investment inflow and the increase in demand for low and medium price properties. Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth made these remarks at the 23rd ASEAN Valuers Association (AVA) Congress on 25 November. […]
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OCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith […]
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New Prakas: Construction Projects Must Request Architectural & Structural Design Approval
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued a new Prakas requiring construction projects to request architectural and structural design approval from the ministry prior to becoming eligible to apply for a construction permit. According to the Prakas dated 22 November 2021, design verification/approval is a must for all types of […]
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PM Sets Goal to Transform Cambodia into Regional Production, Business& Investment Hub
Cambodia Prime Minister Samdech Hun Sen has vowed to continue implementing more favourable policies to attract foreign investment and to transform Cambodia into a high-potential regional hub for production, business, and investment in the near future. PM Hun Sen made the remarks during the opening speech of the 1st Asia-Europe Economic and Business Forum on […]
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US$50 million Chinese-funded Tbong Khmum Hospital 97% Complete
The construction of the US$50 million Cambodia-China Friendship Hospital in Tbong Khmum is now over 97% complete and set for final completion by the end of November, according to a site inspection by Minister of Health HE Mam Bunheng on Tuesday 23 November. Upon completion, this hospital will become a modern standardised facility and the […]
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World Bank, Rural Development Ministry Join Hands Building 250km of Roads in Six Provinces
The Ministry of Rural Development and the Ministry of Economy and Finance have cooperated with the World Bank in building over 250 km of DBST and concrete roads along with other related infrastructure structures in six major provinces. According to a meeting between the Cambodian government and the World Bank representative on Tuesday 23 November, […]
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