Local News
Strong Fiscal Support, New Trade Opportunities, Growth in FDI are Key Drivers for Cambodia’s Post-Pandemic Recovery
A special report by DHL researchers has expressed optimism that Cambodia will recover quickly from the pandemic crisis due to three main factors including ongoing fiscal support, new trade opportunities, and expected growth in FDI inflows. Published in the Business Times in early March, the report stated that the first driver of growth for Cambodia […]
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Cambodia Should Simplify Institutional Red Tape for Effective Post-Pandemic Recovery, Says Analyst
To ensure a robust recovery from the COVID-19 crisis, Cambodia may need some institutional reforms. and reducing investment red tape should be the first step according to an international analyst. Strong political and social stability have been the selling points attracting more investment to Cambodia in the last two decades. However, fixing the complexity and […]
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Two More Phnom Penh Hotels Used as COVID-19 Hospitals
Cambodia Prime Minister Samdech Hun Sen announced on 10 March that two more hotels in Phnom Penh with a capacity of 200 rooms will be set up as hospitals for COVID-19 treatment. PM Hun Sen also decided to establish 30 groups, or equal to 300, military doctors to be responsible for these two new ad […]
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Gov’t to Allocate 600 Hectares of Botum Sakor National Park Land to Locals Affected by Private Development
The government has decided to provide 598 hectares of land in Botum Sakor National Park to 131 families affected by the Sinomaxin development project, according to the Koh Kong administration’s meeting result on 09 March. Koh Kong Deputy Governor Sok Sothy said that the land was former concessional land provided to the Sinomaxin company. However, […]
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How To Resolve Land Disputes
Most people probably think that every time there is a land dispute, they must go to trial. However, a trial is the final procedure after many settlement mechanisms being undertaken. What are those mechanisms and how should they be implemented? There are two kinds of land disputes in Cambodia, according to a joint Prakas dated […]
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Gov’t Temporarily Shuts Down Six Casinos in Kandal and reopens 26 properties in Phnom Penh
The Cambodian government has announced the temporary closure of six casinos in Kandal province after five people were found to be COVID-19 positive related to the February 20 incident, but also reopened 26 properties in Phnom Penh. The Kandal Provincial Administration on 09 March announced the closure of six casinos, including the Jinsakungfu Casino and […]
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Kandal Land Department Suspends Land Title Issuance Service for 7 Days
The Department of Land Management, Urban Planning and Construction of Kandal Province has suspended property ownership title and taxing related document issuance services for 7 days from 09 to 15 March 2021. The temporary suspension is due to the surge in the COVID-19 community outbreak and the order from Prime Minister Samdech Hun Sen last […]
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NagaCorp Sees Over 80% Y-O-Y Profit Drop Amid Pandemic
NagaCorp has posted a net profit of US$102.3 million for its 2020 financial year, an 80% drop compared to the amount earned in 2019, mainly due to the April-July closure in response to the COVID-19 pandemic. According to their annual report released on 08 March, the total revenue of the firm in 2020 was recorded […]
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What Is Homeowners Insurance? How Does It Work?
Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s house as well as other assets within. It also provides liability coverage against accidents in the home or on the property, according to Investopedia. A homeowner’s insurance policy in most of the case covers four kinds of incidents on […]
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Land Ministry HQ to Move to New Location This Month, Ahead of Official Inauguration
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) headquarters will move to a new location in Sen Sok district on 15 March, while the official inauguration will take place in April as planned, according to the Ministry’s announcement on the morning of 03 March. The ministry will relocate from Monivong Blvd in Sangkat […]
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