IMF Research: Increase property tax to advance economic growth in Cambodia
A new research paper funded by the International Monetary Fund (IMF) suggests Cambodia should increase property tax to fund billions of dollars of infrastructure spending, a move that will help advance economic growth. Published on 06 September, the ‘IMF Working Paper: Advancing Inclusive Growth in Cambodia’ analyses how increasing either property tax, VAT, or income […]
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Cambodia, Laos to sign 2,400 MW power deal
Cambodia and Laos are to sign a power deal allowing Cambodia to import 2,400 MW from Laos, with the Council of Ministers scheduled to discuss the details of the deal on 11 September. The deal is scheduled to be signed next week during the official visit of Lao Prime Minister Thongloun Sisolith to Cambodia. Victor […]
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Thai company wins 60 MW solar investment bid
Thailand-based developer and operator of renewable power Prime Road Alternative has won the public bidding on a 60-MW solar project located in Kampong Chhnang province, and will generate the lowest tariff in the Southeast Asia region. The public bidding on the project was started in February this year after a feasibility study conducted by an […]
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New 4-star hotel opens in Kampong Thom province
Kampong Thom Royal Hotel & Restaurant officially opened its doors on 09 September in the heart of Kampong Thom province, adding another 87 rooms to support the tourism sector in the province. Located in Stung Sen city, Kampong Thom Royal was built with US$5 million from Cambodian investors and comprises 87 guest rooms as well […]
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‘Amory 7 Makara’ development phase two plots open for sale
Real estate firm Amory has announced the launch of sales for the second phase of the ‘Amory 7 Makara’ development project over the weekend with around 300 potential customers attending the event, according to their press release. Located along National Highway No 6 to Oknha Ly Yong Phat and links to National Road 5, the […]
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Walking Street along the riverfront set to open for vendors
The Walking Street project running from the Cambodia Post Office to the Royal Palace will allow vendors to sell all kinds of products to attract national and international tourists, said Phnom Penh Municipality. Met Meas Pheakdey, spokesman for Phnom Penh Municipality, told Construction & Property Magazine on 07 September that the project will be open […]
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Will Cambodia fall into the Chinese infrastructure debt trap?
In the past decade, the Cambodian government has been allocating most of its budget to develop infrastructure. By the end of 2018, a total of more than 16,000 kilometres of national and provincial roads had been restored and rebuilt. On 30 August 2019, the cabinet also approved the US$14.4 billion budget plan for a public […]
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Government boosting establishment of more SEZs along border areas
The Council for the Development of Cambodia (CDC) is studying and seeking greater understanding on investment and trade to compile a mechanism to boost the establishment of more special economic zones (SEZ) along border areas, while drafts of a new law on investment and a new law on special economic zones has been completed. CDC […]
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US$100 million budget approved for infrastructure in Sihanoukville
On 04 September 2019, the Cambodian government approved a US$100 million budget for the construction and rehabilitation of infrastructures in Sihanoukville. The budget was approved after some significant physical infrastructures such as roads and natural waterways were damaged amid rising construction, increasing residents, garbage, and heavy rainfalls. In a 2-page press release, the Ministry of […]
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Cambodia, Thailand discuss on energy cooperation
Cambodia and Thailand discussed on Thursday on energy cooperation as Thailand have surplus energy generation and Cambodia is in need to increase power. According to Bangkok Post reported today, the discussion meeting was held between Ministry of Mines and Energy led by H.E. Suy Sem and his Thai counterpart Sontirat Sontijirawong in Bangkok in the […]
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City Hall holds meeting on ‘Walking Street’ project
Phnom Penh Municipality organised a meeting on 05 September to discuss the implementation of the ‘Walking Street’ project. The meeting was chaired by Phnom Penh Municipal Governor H.E Khuong Sreng with other relevant authorities participated as well. The project will expand pedestrian paths along the riverside starting from the Cambodia Post Office to the Royal […]
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US$207 million planned for Cambodia ‘Livable Cities’ project
The Cambodian government and the Asian Development Bank (ADB) will invest more than US$200 million in a ‘Livable Cities’ project across four provinces. Using a loan from ADB and budget from the government, the US$207 million ‘Livable Cities’ project will cover four provinces including Kampot, according to a Facebook post by the Kampot Administration on […]
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