To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as condominiums, […]
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Cambodia, Korea Discuss Sea Transport Agreement
Cambodia and South Korea are currently discussing a new sea transport agreement to reduce legal red tape and boost bilateral trade. The discussion was held on 12 October under the chairmanship of Secretary of State of the Ministry of Public Works and Transport (MPWT) HE Ros Vanna. HE Ros said that both parties are reviewing […]
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MPWT Discussing Port Draft Law to Boost Water Logistics
The Ministry of Public Works and Transport (MPWT) and other related institutions are discussing and reviewing the port draft law, aiming to enhance and control the water logistic system in Cambodia. The meeting was held on 14 October and chaired by Minister of Public Works and Transport HE Sun Chanthol. The main purpose of the […]
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600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international […]
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GDT to Strengthen Property Tax Collection Amid 3.5% Tax Revenue Growth in Q3
The General Department of Taxation (GDT) will continue to strengthen property tax collection. This news comes as tax revenue in Q3 2020 has risen to over US$2 billion, according to the GDT quarter report on 12 October. The tax revenue collected by GDT has reached US$2.2 billion or equal to 78.1% of the annual plan. […]
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Sihanoukville Airport Runway Expansion Complete
The runway restoration and expansion at Sihanoukville International Airport has been completed and is scheduled to officially open by the end of 2020, according to the Sihanoukville Provincial Administration. The blessing ceremony for the completion of this new runway was held on 13 October under the presidency of Minister of the Secretariat of Civil Aviation […]
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China-backed Dara Sakor Airport to Test First Flight Before March 2021
The controversial China-backed Dara Sakor Aiport in Koh Kong will run its first test flights before March 31, 2021, as construction is approaching completion, according to Minister of the Secretariat of Civil Aviation HE Mao Havanna during an official inspection from 10-12 October. During the inspection, the technical team reviewed the report from the Union […]
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Japan Providing US$35million Grant Aid to Repair Seven Bridges in Prey Veng and Kratie
The Japanese government is currently providing approximately US$35 million in grant aid to restore seven bridges in Prey Veng and Kratie provinces which under the risk of flooding. Senior Minister of Public Works and Transport HE Sun Chanthol mentioned this during the handover ceremony of road construction machinery on the morning of 12 October. (Read […]
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Japan Funds US$1 billion for Infrastructure Development in Cambodia
Japan provided at least US$1 billion in funds, including grant aid and loans for Cambodia infrastructure development, according to the Minister of Public Works and Transport (MPWT). Minister of Public Works and Transport HE Sun Chanthol stated the figure during the handover ceremony of 15 pieces of construction machinery as grant aid from Japan on […]
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Japan Grants 15 Construction Machines to Promote Infrastructure Development in Cambodia
The Government of Japan has handed over 15 road construction machines worth US$4.5 million to help improve road construction projects in Cambodia. The handover ceremony was held on 12 October and presided over by Ambassador of Japan to Cambodia and HE Sun Chanthol, Minister of Public Works and Transport. The grant comprises of 15 machines […]
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China to Fund Three More Major Infrastructure Developments in Cambodia
China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7. The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and […]
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Cambodian Cultural Village in Siem Reap to Shut Down Next Month
The Cambodian Cultural Village Resort will completely shut down in early November following months due to no tourists following the COVID-19 pandemic. A statement issued on 11 October by the management team said that due to the spread of COVID-19 in recent months, the number of visitors has dropped dramatically and posed severe economic and […]
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