Policy and Strategy
Cambodia construction sector to slow down in 2020, say experts
Despite ongoing GDP growth, local leading real estate analysts foresee that the construction sector in Cambodia will see a slight slowdown in 2020 due to three significant factors. Given the current economic situation, experts came up with three primary factors being the causes of a real estate slowdown in the kingdom including the outbreak of […]
Read More
Ministries vow to resolve stamp tax jam
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General […]
Read More
10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’
The Ministry of Tourism is currently drafting a 10-year master plan that will transform the coastal province of Kep into a ‘relaxation and high-end tourist destination’. The Kep provincial administration organised a meeting on 11 December to discuss the strategy for the tourism master plan for Kep to become a relaxation and high-end tourist destination’ […]
Read More
AGT too expensive, gov’t explores two alternative transportation projects
The government is currently exploring two alternative transportation projects after the recently studied AGT railway was deemed too expensive, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport. Speaking to the media during the 4 December Urban Mobility Forum, H.E Sun Chanthol said “we are studying subway projects and monorail […]
Read More
Cambodia Seeks Japan’s aid on Infrastructure Development
Cambodian government through the Ministry of Public Works and Transports has asked Japanese government to help development the main projects in the sector of infrastructure, particularly building railway system in Phnom Penh and other projects in provinces. The appeal was made during a recent meeting between H.E. Sun Chanthol, Senior Minister and Minister of Public […]
Read More
Chinese Premier Li Keqiang pledges to support development of Sihanoukville
Chinese Premier H.E Li Keqiang has pledged to support the development of Sihanoukville amid massive development made by Chinese investors. The commitment was made at a meeting between Samdech Techo Hun Sen, Prime Minister of Cambodia and H.E Li Keqiang on the sidelines of the 35th ASEAN Summit held in Bangkok. According to a Facebook […]
Read More
Malaysia reduces minimum property ceiling for foreigners
The Malaysian government has significantly reduced the minimum property purchasing amount for foreign buyers from US$238, 581 to US$143,149 in a move which has brought support in some quarters and opposition from others. While the country’s biggest property developer group, the Real Estate and Housing Developers’ Association (REHDA), applauded the move saying it will help […]
Read More
Deputy Prime Minister demands single standard for new road construction in Sihanoukville
Cambodia’s Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has instructed the contractor for road construction in Sihanoukville to ensure a single standard of construction for the road building in the province. The instruction came as the construction contract for 34 roads in Sihanoukville […]
Read More
Samdech Techo Hun Sen: Phnom Penh has doubled in size
With strong economic growth and rapid development projects across the city, Phnom Penh has doubled in size, according to Prime Minister Samdech Techo Hun Sen. Samdech Techo Hun Sen noted during the Cabinet Plenary Session held on 25 October that Phnom Penh has been developing fast and doubled in size while also pointing that garbage […]
Read More
Cambodia drafting port law
On 17-18 October, a workshop conducted by the Ministry of Public Works and Transportation in cooperation with the Japan International Cooperation Agency (JICA) and joined by the Phnom Penh Autonomous Port, Sihanoukville Autonomous Port and private port companies focused on the drafting of an effective port law. The port law would help gain more ship […]
Read More