Policy and Strategy
Housing loans affected by COVID-19 granted relief
Home improvement loans and housing loans are among the loans that are being granted relief through loan restructures from banks and microfinance institutions (MFIs). The directive aims to ease the burden of loan borrowers whose incomes are reduced and have difficulty paying back due to the COVID-19 pandemic. In a directive statement issued on 27 […]
Read More
Cambodia to suspend hydropower dam plan on Mekong River for 10 years
Cambodia will suspend hydropower dam plans on the mainstream of the Mekong River for the next decade until 2030 and will look to coal, gas and renewable energy such as solar energy instead. The decision was made by the Ministry of Mines and Energy to great applause from civil society especially environmental groups and people […]
Read More
Japan provides US$310m for social and economic development in Cambodia
Samdech Techo Hun Sen presided over an Exchange of Notes with Japan’s official development assistance worth US$310 million to Cambodia for economic and social development on the morning of 24 March 2020. The document was signed by H.E. Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation and H.E. Mikami Masahiro, […]
Read More
Construction in context of COVID-19 stable for Q1 2020, says MLMUPC
A spokesman for the Ministry of Land Management, Urban Planning and Construction, H.E. Seng Lot, said that the construction sector in Cambodia in the context of COVID-19 has not decreased. The statistic was announced during a press conference on “Progress and Continuing Direction of the Ministry of Land Management, Urban Planning and Construction” at the […]
Read More
50% discounts in Siem Reap after government advice
A five-star hotel in Siem Reap has announced a 50% discount from March to May on its services in response to the impact of the Coronavirus, or Covid-19, on tourism. The announcement came after Siem Reap provincial authorities called on all hotel owners in the Siem Reap area in early March 2020 to consider reducing […]
Read More
MPWT: Covid-19 issue does not affect Cambodia’s road development projects
The recent Covid-19 issue does not affect the development of Cambodia’s roads financed by the People’s Republic of China. This statement was made by H.E. Sun Chanthol, Minister of Public Works and Transport during an interview with the press at the inauguration ceremony for National Road 55 and the ground-breaking ceremony of National Road 10 […]
Read More
Samdech Techo asks developers to delay real estate payment for workers
Covid-19 respiratory infections have caused negative effects on the economy and in particular in the property sector. In response, Cambodian Prime Minister Samdech Hun Sen requested real estate companies to provide workers with compensation and delay payments as much as possible. The request was made at the opening ceremony of National Road 55 and National […]
Read More
2015-2025 IDP action plan will double Sihanoukville’s potential
Sihanoukville is being transformed into a multi-purpose special economic zone following the principles of the Special Administrative Zone, according to the 4th point of the Ministry of Economy and Finance Press Release on Progress of 2015 – 2025 IDP Implementation. The Industrial Development Policy (IDP) represents a comprehensive vision of the Royal Government of Cambodia […]
Read More
Lvea Aem district to be partially integrated into Phnom Penh city
Lvea Aem district of Kandal province, on the eastside of Chaktumok river, has been confirmed to be partially integrated into a new district of Phnom Penh. The confirmation of the establishment of this new district has been made along with the plan of constructing a new bridge crossing the Mekong River linking Chroy Chongva to […]
Read More
Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
Read More