Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During […]
Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct […]
Government Cancels Cement Projects to Protect Ecotourism in Kampot Province
In a significant move to preserve the region’s ecotourism and cultural heritage, the Cambodian government has canceled over 460 hectares of cement projects in Kampong Trach district, Kampot province. This decision affects a limestone mountain cement project previously licensed to BYRICH Construction Material Company Limited. The cancellation is outlined in letter No. 1878 from the […]
Cambodia Adopts 36 New National Standards to Boost Investment and Local Industry
In a significant move to attract investment and enhance local industrial capabilities, Cambodia’s National Standards Council has approved 36 new national standards following a comprehensive review of 41 proposals. Minister Hem Vandy announced the decision during the Council’s 29th meeting on 26 December 2024 at the Ministry of Industry, Science, Technology, and Innovation. During the […]
Cambodian Government Announces Exciting Initiative to Beautify National Roads
To enhance the visual appeal of cities and towns across the country, the Cambodian government is launching a ground-breaking campaign called “National Road Free of Plastic Trash” starting 1 January 2025. This initiative, spearheaded by the Ministry of Environment, aims to revitalize major national roads—including Roads 3, 4, 41, and 51—by ensuring they are free […]
Cambodia Announces Stamp Duty Exemption for First-Time Home Buyers in 2025
In a significant move to boost the real estate market and support first-time home buyers, the Royal Government of Cambodia has announced a one-year exemption from stamp duty for properties priced at USD 210,000 or less. This initiative will be effective from 1 January 2025 to 31 December 2025, according to the government’s announcement issued […]