Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector

In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024.

The newly approved law aims to establish a robust legal framework to support the development of Cambodia’s aviation sector, thereby enhancing economic growth through tourism, trade, and security. The initiative aligns with the Pentagon strategy, spearheaded by the Secretariat of Civil Aviation, which focuses on diversifying the economy, increasing competitiveness, promoting connectivity, and optimizing logistics, energy, water, and digital infrastructure.

HE Mao Havannal, Minister in charge of the Secretariat of State for Civil Aviation, highlighted that the law’s adoption is a forward-looking investment, crucial for the strategic advancement of Cambodia’s aviation industry. This legislation is expected to play a pivotal role in reinforcing the country’s position in the global aviation market.

- Video Advertisement -

Related Post

MOE temporarily suspends a big hydropower company in Pursat and Koh Kong

The Ministry of Environment has temporarily suspended Tycoon Ly Yong Phat’s Stung Meteuk Hydropower Company, located in Pursat and Koh Kong provinces. This is according to the letter of the Minister of Environment dated September 2 to Mr Oknha Ly Yong Phat, Chairman of the Board of Directors of Stung Meteuk Hydropower above. According to […]

South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector

Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]

GDT Sets Property Tax Deadline for 30 September 2024

The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]

The Gov’t Establishes Special Task Force to Expedite Tax Audits

In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision […]

MLMUPC Issues Procedures for Registration of Private Sectors of Co-Owned Buildings Built Before December 19, 1997

The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has established new procedures for registering the private sections of co-owned buildings constructed before December 19, 1997, to safeguard legal property rights of occupants. This initiative is outlined in Prakas No. 050 ដនស/ប្រក/ក.ក.ច, dated 19 July 2024. The Prakas addresses co-owned buildings built before December […]

Gov’t Prepares Roadmap for River Port Business Linked to Sea Route

The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected […]