Local News
WorldBridge Sport Village Project Launched, Set for Completion in 2023
Sales for a large-scale commercial building and residential project “WorldBridge Sport Village” have officially been opened, while construction is set for completion by 2023 when Cambodia hosts the SEA games. The project is spread over 6 hectares next to Morodok Techo Stadium north of Phnom Penh, or in the so-called Samdech Techo Hun Sen Dragon […]
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Property Title QR Code Scanning Service Back Online After Temporary Suspension
The Ministry of Land Management, Urban Planning and Construction announced yesterday that the property title QR code scanning system is back online after a temporary suspension for two weeks. According to the ministry announcement, the technical team has already re-programmed the system. Thus, the service will be easier and smoother than before. (Read more) The […]
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Gov’t Mulls Allocating 1,000 hectares for Poor Families in Battambang Province
The Battambang Provincial Administration has been preparing over 1,000 hectares of land to give to poor citizens and those living in the Phnom Samkos Wildlife Sanctuary and Samlot multi-purpose area, according to the National Radio of Cambodia on 29 March. Director of the Battambang Provincial Department of Environment Mr Kot Boran said that the working […]
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Three Communes Extracted from Kampot Province to Form New Bokor City
The government has decided to take three communes from Tuek Chhou district in Kampot province to form a new Bokor City’ according to a sub-decree issued on 16 March. The three communes include Boeng Tuk, Koh Toch, and Prek Tnout communes, which will be converted into Sangkats. Meanwhile, according to the sub-decree, the administration of […]
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Real Estate Market Lessons from a Year of Pandemic & Future Trend Projections
The COVID-19 pandemic put quite severe pressure on the real estate market in Cambodia in 2020 with a moderate drop in the number of transactions. Due to the recent surge in the community outbreak, the pressure on the market in 2021 remains high or even higher. According to expert observations in recent months, the number […]
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More Land Encroachment Found in Mondulkiri, Governor Warns of Severe Legal Action
The Mondulkiri Provincial Administration has discovered more land encroachment activities along the Cambodia-Vietnam border and warned it will crack down on those encroachers without exception. Mondulkiri Governor Svay Sam Eang said during the borderline inspection on 27 March that the officials have found some people encroaching on state land in Phnom Nam Lyr Wildlife Sanctuary. […]
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CDC Approves Five Investment Projects Worth Over US$1.3 billion
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, worth a total budget of approximately US$1.3 billion in Phnom Penh, Preah Sihanouk and Svay Rieng provinces. The first investment permit has been granted to Island Laboratoire Co., Ltd to invest US$6.3 million in building a […]
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Gov’t Urges Building owners to Not Terminate Tenant Contracts for Late Payment
The Cambodian government has called on all building owners to not terminate contracts or evict tenants in case they are unable to pay their rent during the COVID-19 crisis. According to the official statement released on 25 March, the request also refers to the landlords of business buildings and factories. Both landlords and tenants shall […]
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Gov’t Extends Tourism-Related Business Tax Exemption for Three More Months
The government has decided to extend the tax exemption for the tourism, hospitality, and aviation businesses in seven target provinces until June this year. According to the government statement issued on 25 March, the seven target provinces include Phnom Penh, Siem Reap, Sihanoukville, Kep, Kampot, Bavet, and Poipet. However, these businesses still have to file […]
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Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino […]
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