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ខ្មែរ Property Focus
2000 hectares over six mountain resorts in Banteay Meanchey granted natural heritage status
- 28 May 2020
The Royal Government of Cambodia has granted natural heritage status to six mountain resorts in Banteay Meanchey spread over a total area of 2000 hectares via six separate sub-decrees dated 25 May 2020 signed by Samdech Hun Sen, Prime Minister of Cambodia. “The Royal Government's sub-decrees to transform these six mountain resorts into mountain natural heritage sites marks our high considerat...
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The importance of fire safety certificates
- 27 May 2020
As more and more buildings, both small and large, have mushroomed across Cambodia, having a sophisticated fire safety system is very important to minimise risk for all parties. Last year, the Ministry of Interior, in collaboration with the National Quality Inspection Centre for Fire Equipment (NICE), published the Fire Safety System-Building Design Code to promote fire safety for buildings in Camb...
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Government issues tax exemption for tourism-related businesses for two more months
- 27 May 2020
The Royal Government has announced a further tax exemption for two more months for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies in Phnom Penh and six other provinces, in order to help the tourism sector amidst the COVID-19 crisis. Businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and Poipetare exempted from all monthly taxes for two m...
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Two mountain resorts in Battambang granted natural heritage status
- 27 May 2020
The Royal Government of Cambodia has designated two mountain resorts in Battambang as natural heritage sites with a total area of more than 400 hectares. Both have been declared as natural heritage sites by two separate sub-decrees. Sub-Decree No. 64 RNKR.BK dated 25 May 2020 declared Phnom Prampi as the Phnom Prampi Natural Heritage Site on 358.8 hectares located in Bour commune, Phnom Proek...
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When COVID-19 ends, foreign investors will return, but with thin pockets
- 25 May 2020
We know that the COVID-19 has had a significant impact on safety and the global economy as a whole, but having a clear understanding of how it affects and how much it is has affected industry is difficult to predict. What we've all heard for the time being is that after the virus has hit the world hard; each country closed down their borders, imposed strict controls on businesses, and implemented ...
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Ready Mixed Plants
- 23 May 2020
Ready-mixed concrete (RMC as it's commonly called), refers to concrete that is specifically batched for customers (mainly main contractors) and supplied to them as a single product. The concrete is batched out through Ready Mixed Plants. Batch plants are by far more precise in composition mixing based on the design mix specified by the design consultant / engineer. It also allows traceability i...
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COVID-19: The Impact on Leases and Rental Payments in Cambodia
- 23 May 2020
The COVID-19 global pandemic continues to rage and tenants in Cambodia are now looking carefully at whether this situation can be considered a force majeure event in order to seek a cessation or reduction of their rental payments. On 11 March 2020, the World Health Organization (“WHO”) officially declared the outbreak of the coronavirus disease 2019 (“COVID-19”) a global pandemic. In respons...
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Vietnam’s military court sentences former defense minister to 4 years in prison over land scandal
- 22 May 2020
Vietnam's military court on Thursday sentenced a former deputy defense minister to four years in prison for illegally transferring three land plots in Ho Chi Minh City from the navy to a private investor, according to a press release published on e.vnexpress.net on 21 May 2020. The Vietnam state media reported that Vietnam's Navy Admiral Nguyen Van Hien, 65, was found guilty of a lack of respon...
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HOME FITNESS REFINED
- 22 May 2020
For over 30 years, Seara has supplied the highest quality commercial brands and complete gyms to prestigious homes across Southeast Asia. We have emerged as the region’s leader in home fitness through introducing the latest innovations in fitness technology and flooring solutions by leading brands from around the world. From cloud-connected entertainment consoles, to lateral cross trainers and bod...
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PLMP launches Cambodia SME Championship Competition as opportunity for local entrepreneurs
- 20 May 2020
PLMP Venture Capital has held a workshop on the management and SME registration process and information sharing on the “First Cambodia SME Championship Competition”. The forum is organised by PLMP Venture Capital to promote access to funding for SMEs in Cambodia and to stimulate revenue growth and expand business in the context of the fastest growing economies in ASIA. The seminar was held at #...
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