Local News
Gov’t Provides US$89 million in Loans to SMEs as of 2022
As of 31 December 2022, the Credit Guarantee Corporation of Cambodia (CGCC) has provided approximately US$89 million in loans, mostly non-collateralised loans, to businesses, especially small and medium enterprises. According to a press release from CGCC on 3 January, the loan is provided under the BRGS scheme to provide credit to support businesses, both SMEs […]
Read MoreGov’t Allocates Over 200ha of Land in Kirirom National Park to Private Firm
The Cambodian government has changed the usage of 221.94 hectares of land in Preah Suramarit Kosamak “Kirirom” National Park and allocated it to a private firm, according to Sub-Decree No. 126 dated 27 June 2022. The private firm receiving the plot is ONE MORE Ltd. However, the company has yet to announce the development plan. Currently, […]
Read MorePM urges authorities to complete all land registration by 2023
Cambodia Prime Minister Samdech Hun Sen urged the relevant authorities to 100% complete the land registration by 2023, especially lands around the Tonle Sap lake. PM Hun Sen said on 71 December the government has registered almost all the land plots nationwide with only a small amount remaining, but officers must accelerate the process. Samdech […]
Read MoreHow to check the validity of real estate sale & purchase agreement ?
According to Civil Code 2007, the sale and purchase of real estate must be made in three forms such as (1). Contract Written by Notary, (2). Contract Sealed by Commune, Sangkat or City, District, Khan Administration, (3). Contract Certified by Notary. (Read more) However, for real estate developers, the agreement can be quite different especially […]
Read More300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 […]
Read MoreChip Mong group breaks ground on new residential project & shopping mall
Chip Mong Land and Chip Mong Retail this morning (18 December) jointly held a groundbreaking ceremony for the construction of the new residential project Chip Mong Parkland 50M III and the region’s largest shopping center Chip Mong 50M Mall. Located on Prey Sar Road or 50M road just 10 minutes from Stung Meanchey junction, both […]
Read MoreGov’t Allocates Nearly 600ha of Land to Jarai Indigenous Community in Ratanakkiri
The government has allocated nearly 600 hectares of land for the Jarai indigenous community in Patang village, Sasan commune, O’Yadao district, Ratanakkiri province, along with granting ownership to each family. According to Sub-Decree No. 222 on 24 October, the land was allocated from two locations. 189 hectares is from the forest protection zone and the […]
Read MorePerpetual leases: what are the rights of the lessor and lessee?
According to article 244 of the Civil Code, a perpetual lease refers to a long-term lease of immovable property for not less than 15 years. The agreement/contract must be written to be effective by law, otherwise, it will be considered a lease for an indefinite period (general lease). The contract is quite similar to a […]
Read More11 Beaches in Cambodia Selected as Most Beautiful in 2022
11 beaches in Cambodia have been selected as the most beautiful beaches in 2022, of which six are excellent and five are intermediate. The beaches have been selected from 27 nominal beaches in Cambodia during the celebration of the 9th Sea Festival on 8 December. According to Mr Mom Bovil, Secretary of the Working Group […]
Read MoreGov’t Enforces Regulations on Pawnshop Businesses
The Real Estate and Pawnshop Regulatory Authority requires the owners of companies and enterprises licensed to conduct mortgage and pawnshop businesses to use the new monthly and annual financial statements from 1 January 2023 onwards. According to the announcement of the real estate regulator and mortgage on 14 November2022, all company and enterprise owners are […]
Read More