Policy and Strategy
Thailand Looks to Revamp Real Estate Laws with Cambodia’s Leasehold Model in Focus
Thailand is revising its real estate laws to attract foreign investment, proposing significant amendments to extend lease terms from the current maximum of 30 years to up to 99 years. This initiative, championed by Finance Minister Pichai Chunhavajira, is aimed at revitalizing the country’s sluggish economic growth and addressing rising household debt. The proposed changes, […]
Read More
Cambodia Implements Strict Border Control Measures to Combat Illegal Activities
In a decisive move to address ongoing border security issues, the Cambodian Ministry of Interior has announced the closure of all illegal border crossing points across the country. This directive, which went into effect on November 13, 2024, mandates provincial governors in border regions to enforce these measures strictly. Under this new policy, the passage […]
Read More
China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
Read More
Cambodia Launches National Committee to Oversee Forest Protection Land Grant Program
In a landmark effort to promote sustainable development, His Majesty King Norodom Sihamoni has signed a Royal Decree (No. នស/រកត/១១២៤/១៤១២) to establish a National Committee tasked with implementing the Forest Protection Land Grant Program. This initiative aims to provide social land concessions to homeless individuals and impoverished families for housing and agriculture while safeguarding forests […]
Read More
Three Cambodian Institutions Shine in Energy Efficiency Awards for Commercial Buildings
In a landmark event celebrating energy efficiency, three Cambodian institutions emerged as winners at the Cambodian Energy Efficiency Competition (CEE Comp) awards, hosted by the Ministry of Environment in partnership with Sevea Co., Ltd. on November 4, 2024. Ecole Paul Dubrule Tourism School in Siem Reap took the top prize, with the Lotus Green Team […]
Read More
Mondulkiri Authorities Launch Extensive Crackdown on Illegal Mining with 56 Sites Targeted
In an intensive crackdown spanning just three days, from 3 to 5 November 2024, the Mondulkiri Provincial Department of Mines and Energy, together with other local authorities, successfully intervened at 56 locations identified for illegal mining operations across Mondulkiri province. This major operation underscores Cambodia’s growing commitment to regulate mining activities and protect its natural […]
Read More
Cambodian Gov’t Extends and Expands Real Estate Tax Incentives Through 2025
The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025, aiming to ease financial burdens on housing developers and enhance the country’s property market. Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in […]
Read More
ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025
The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]
Read More
Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning
The Cambodian government has approved a 2025 budget bill totaling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut came as part of a strategic approach to economic planning. It was endorsed during a cabinet meeting chaired by PM Samdech […]
Read More
Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
Thailand has proposed a groundbreaking tourism initiative named “6 Countries, 1 Goal” to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai […]
Read More