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ខ្មែរ Local News
Cambodia Should Simplify Institutional Red Tape for Effective Post-Pandemic Recovery, Says Analyst
- 11 March 2021
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 uncertainty in legal frameworks an...
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Two More Phnom Penh Hotels Used as COVID-19 Hospitals
- 11 March 2021
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 hoc hospitals. However, Samdech Hun Sen did not confirm the names of the two hotels in his voic...
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Gov’t to Allocate 600 Hectares of Botum Sakor National Park Land to Locals Affected by Private Development
- 10 March 2021
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, the plot has now already been given back. He ...
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How To Resolve Land Disputes
- 10 March 2021
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 26 November 2003. First, a registered land dispute must be resolved b...
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Gov’t Temporarily Shuts Down Six Casinos in Kandal and reopens 26 properties in Phnom Penh
- 9 March 2021
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 Hotel, Prince Casino, Crown Casino, Grand...
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Kandal Land Department Suspends Land Title Issuance Service for 7 Days
- 9 March 2021
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 night to have government officers working from home if...
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NagaCorp Sees Over 80% Y-O-Y Profit Drop Amid Pandemic
- 9 March 2021
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 at US$878.7 million, also down by 49.9% from US$1.76 billion in the previous year. ...
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What Is Homeowners Insurance? How Does It Work?
- 5 March 2021
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 the insured property including interior damage, exterior d...
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Land Ministry HQ to Move to New Location This Month, Ahead of Official Inauguration
- 3 March 2021
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 Boeung Trabek to the new location on Street 307 in Sen...
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Raising Property & Wealth Tax Could Speed Up Pandemic Recovery, says ADB Blog
- 3 March 2021
Cambodia and other countries in the Asia-Pacific should raise tax collection, in particular on the tax on property and wealth, to speed the economic recovery once the pandemic ends, according to the Asian Development Bank (ADB) blog. In the article entitled ‘How governments can use tax policy to speed pandemic recovery’, the authors suggested that taxing the wealthy, many of whose incomes have ...
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