Australian Embassy & MLMUPC Officially Introduce Construction Site Safety Guidelines

The Australian Embassy and the Ministry of Land Management, Urban Planning and Construction (MLMUPC) held a giving-taking ceremony on “Guidelines on Construction Health and Safety in Cambodia”, on 24 May 2022. The guidelines will complement the legal measures and regulations that assist workers, employees, design companies, construction companies, and construction stakeholders to avoid accident...

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Transfer Taxation ​Revenue Rises in April

Transfer taxation​ tax is among the four types of tax revenue with a significant increase in the implementation of tax collection in April. According to a report by the General Department of Taxation, transfer taxation tax increased by 77.33% in April compared to April last year. The transfer tax revenue is one of the four main sources of tax revenue, which maintained a significant increase ...

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Land Management Ministry launches LASED III project

The Ministry of Land Management, Urban Planning, and Construction has announced the launch of the Land Allocation for Social and Economic Development Phase III (LASED III) project to provide land occupation, agricultural development, social services, and community infrastructure. The LASED III project is funded by the World Bank to support activities, including the development of seven small-sc...

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Government to issue ID cards to Cambodians living abroad

Cambodians living abroad can apply for Cambodian identity cards which will enable them easily in doing business, investment, or buy and sell real estate in Cambodia. Samdech Techo Hun Sen, Prime Minister of Cambodia said in a meeting with Cambodians living in Europe on the 21 May that the Cambodian identity cards will make it easier for those living abroad to buy houses, land, and do business i...

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308-hectare eco-tourism development investment project receives in-principle approval

The relevant authorities approved a 308-hectare eco-tourism development investment project in Sre Ambel district, Koh Kong province, while the project owner was requested to prepare a details investment and business plan and submit it to the Ministry of Environment for review and decision. Relevant officials led by a senior official at the Ministry of Environment, department of environment, and...

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Angkor Botanical Garden Officially Opens in Siem Reap

The Royal Government has officially inaugurated the Angkor Botanical Garden to attract and show the potential of tourism in Siem Reap and for the benefit of the people and national and international tourists. The gardens were opened on 19 May by HE Chea Sophara, Deputy Prime Minister, Minister of Land Management, Urban Planning and Construction. Angkor Botanic Gardens has been improved and e...

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OCIC officially launches The Diamon Bay Garden Condo Project in Koh Pich

The Overseas Cambodian Investment Corporation (OCIC), the largest real estate developer in Cambodia, announced the official opening and sale of the Diamond Bay Garden, a 37-storey condominium project along the Mekong River, Koh Pich Island City, Phnom Penh. Charles Vann, Deputy General Director of Canadia Group and representative of Pung Kheav Se, Chairman of the Board of Overseas Cambodian Inv...

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Koh Kong has economic land concessions of 450,000 hectares

Koh Kong province has seven economic land concession companies covering an area of ​​44,177 hectares. According to the report on work review in 2021 and set objectives for the 2022 target, the Koh Kong Provincial Administration states that ELCs invest in eucalyptus trees, acacia trees, sugarcane, and rubber plantations. The area of ​​Greenwich Group Co Ltd, one of the seven companies, was pr...

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Aeon Mall Plans to Invest in Four More Malls in Hanoi

Japanese retail giant Aeon Mall plans to invest in three or four more projects in Hanoi by 2025. Nagakawa Tetsuyuki, General Director of Aeon Mall Vietnam mentioned the business plan in a recent meeting with Hanoi Party Secretary Dinh Tien Dung, last week. Tetsuyuki said he hopes Hanoi will continue its support so the Aeon Mall Hoang Mai project can begin construction in the third quarter​​​...

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Real Estate Sector in the Philippines Neutral

The real estate sector in the Philippines is currently seeing neutral growth with no progress after the national election posting myriad challenges to the country’s economic growth. J.P. Morgan Global Research has downgraded the Philippines to ‘underweight’ and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after the conclusion of national and l...

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