Local News
Does Cambodia Still Lean Towards China, or Has It Already Shifted & Why? Effects on Economy & Real Estate
Recently, the Cambodian government has taken a proactive stance and issued a series of measures to crack down on gambling and related crimes across the country, especially in Sihanoukville, which has been labeled by the foreign press as a hotbed of online crime. This issue has been occurring continuously in Cambodia for some time, but […]
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Cambodia, China Signs MOU to Export Edible-Nest Swiftlets to China
The Cambodian Ministry of Commerce and the Cambodian Business Center in Xiamen, China, are working together to promote the export of Cambodian edible-nest swiftlets to China. Both parties are also planning to establish an edible-nest swiftlet processing plant in Cambodia as well. (Read more) HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary […]
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MLMUPC Launches Permanent Satellite Stations in Five Provinces
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has launched permanent satellite measuring stations (CORS) in Phnom Penh, Kandal, Kampong Speu, Siem Reap and Stung Treng provinces. According to Prakas No. 154 DONS / PRK dated 27 October 2022, the station will be used for measurement, data acquisition, mapping, physical infrastructure construction, quality […]
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Tax Exemption for Tourism & Hospitality Businesses Extended to December 2022
The Cambodian government has decided to extend the tax exemption for tourism and hospitality businesses for another three months from October to December 2022, according to a press release on 25 October. The exemption applies to all types of monthly taxes, except value-added tax, for hotels, guesthouses, and travel agencies registered with the General Department […]
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Trade Volume Between Cambodia & UAE at US$280m, Over US$2.7m in Real Estate
In the first eight months of 2022, the trade volume between Cambodia and the United Arab Emirates (UAE) reached nearly US$280 million, while investment in real estate shared US$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab […]
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Cambodia Securities Regulators to establish property fund in stock market
The Securities and Exchange Regulator of Cambodia plans to set up a real estate-related fund package in the stock market for companies to raise cash from the public for investment. HE Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia, stated that the fund package related to real estate in the stock […]
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220,000ha of Rice Fields Nationwide Affected by Flood
A total of 220,000 hectares of rice paddies across the country in 22 provinces were affected by the floods, according to the National Radio of Cambodia on 23 October. According to a report by the Ministry of Agriculture, of the more than 220,000 hectares affected, 110,000 hectares of rice fields were completely damaged, while 70,000 […]
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Gov’t Issues New Guidelines Scrutinising Casino Businesses
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino […]
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Gov’t Reallocates Over 10,000ha of Land from Battambang to Pailin Administration
The Battambang and Pailin provincial administrations have agreed to reallocate over 10,000 hectares in the Samlot and Kamrieng districts from Battambang administration to be under the administration of the Pailin provincial administration. According to a meeting between Battambang and Pailin administrative officers on 19 October, the land reallocation was made in accordance with the order […]
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PM Orders to Move Two District Halls to Newly-Developed Areas
Prime Minister Samdech Hun Sen has asked authorities to relocate two district halls in the Apsara area, where construction was banned, to the new development areas in Preak Snaeng and Run Ta Ek. Speaking at a get-together with almost 2,000 families in the Run Ta Ek development area of Banteay Srei district, PM Hun Sen […]
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