Policy and Strategy
Rapid Population Growth Threatens 17 Ancient Khmer Temples by 2030
A new study by foreign researchers has revealed that by 2030, 17 ancient Khmer temples in the Angkor resort area will be severely impacted by rapid population growth. This alarming prediction was shared during a consultation on the “Management of Angkor World Heritage Site” in Siem Reap, attended by nearly 800 participants and chaired by […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, […]
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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 […]
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic […]
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press […]
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PM Urges Streamlined Airport Procedures to Boost Tourism
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement […]
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
China’s undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing’s push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China’s drive for domestic production. “We don’t need foreign technologies,” a FiberHome executive told Nikkei on 26 June 2024. […]
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