Policy and Strategy
Sihanoukville receives US$10 billion investment for tourism and hotel services
Sihanoukville has received a total investment of US$10 billion in tourism and hotel services, according to a report by the Sihanoukville provincial administration on 10 June 2020. To date, Sihanoukville province has a total of 194 investment projects worth US$30 billion in operation, in which 60 companies has invested in the tourism and hotel services […]
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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%
The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal […]
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Land Ministry to draw up a budget of about US$100 million for LASED III
The Ministry of Land Management Urban Planning and Construction (MLMUPC) is preparing to propose another project on the Land Allocation for Social and Economic Development Phase III to improve living standards of people through allocating land for agriculture and building houses. The proposed project will utilize a budget of US$100 million, according to Mr Rithy […]
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AIIB announces US$5 billion COVID-19 recovery fund
The Asian Infrastructure Investment Bank (AIIB) announced plans in April to launch a US$5bn crisis recovery fund to support a quick turnaround after the coronavirus pandemic. The US$5bn fund is intended to meet emerging demand among its low-income members, whose economies could be hit the worst by the Coronavirus. Cash would be made available for […]
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Malaysian PM resignation signals concern for infrastructure projects
The shock resignation of recently-elected Malaysian Prime Minister Mahathir Mohamed has raised concerns over-scheduled though controversial major infrastructure projects. Among his first actions on becoming prime minister in 2018 was to cancel the Chinese-funded high-speed Singapore-Kuala Lumpur rail line and the MRT 3 Circle Line projects among concerns about the levels of debt incurred, estimated […]
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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance
H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. “To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district […]
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Families affected by drainage project in Preah Sihanouk to get concessional land
Preah Sihanouk Provincial Hall has decided to grant concessional land for 180 families affected by the drainage project in the province, according to an announcement made by Provincial Hall on 16 April. According to the document, 610 dwellings are located in the project site of which 430 are partially affected and 180 are completely affected. […]
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Government announces US$2 billion liquidity adjustment package for banking sector
The government has announced a US$2 billion liquidity adjustment package, with the central bank relaxing its reserve requirement for banks as a measure to address the economic impact effects from COVID-19. The statement was made by Ms Chea Serey, National Bank of Cambodia Assistant Governor during an interview with CNBC where she explained the government’s […]
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MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting […]
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Government bans intra-national travel to prevent the spread of COVID-19
Samdech Techo Hun Sen has ordered the imposition of travel restrictions to within city limits, from province to province and from district to district throughout the kingdom, starting from 24:00 on Thursday 9 April to 24:00 on Thursday 16 April 2020 to prevent the spread of COVID-19, according to a government order issued on the […]
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