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ខ្មែរ 
Economy and Finance
Government approves 1,000MW coal-fired power plant
The Council of the Ministers has approved two coal-fired power projects with a capacity of nearly 1,000MW, to help fulfil the high demand in power consumption in the kingdom. The coal-fired power projects were approved in a meeting of the Council of the Ministers held on 7 February. The first project is a 265MW coal-fired power plant to be invested in by Han Seng Coal Mines Co Ltd. Located i...
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Cambodia’s first oil production expected in mid-2020
The first drop of oil to be extracted from Cambodia’s offshore oil field territory is closer to reality as the responsible firm KrisEnergy recently cut the first steel for the Apsara oil platform. According to a press release from KrisEnergy Ltd, the first steel cutting ceremony was held to mark the significant completion progress of the Mini Phase 1A wellhead platform for the Apsara oil field ...
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Property-based tax revenue more than doubles in 2019
Stamp duty and property rental tax revenue for 2019 increased more than 111%, compared to 2018, according to a report by the General Department of Taxation. According to a statement released on 21 January, the General Department of Taxation in 2019 collected total tax revenue of more than US$2.8 billion, exceeding the initial plan by 23% or rising approximately 28% compared to the previous year...
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Ministries vow to resolve stamp tax jam
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General Department of Taxation, the cooperatio...
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Mine Exploration License Opens for Public Bidding
Ministry of Mines and Energy announced it opens for application for public bidding on the mine exploration licenses in eight areas. According to announcement dated on January 10, the eight areas cover cumulatively 1,390 square km in provinces of Stung Treng, Preah Vihear, Kompong Thom, Siem Reap, and Mondulkiri. The ministry stated local and international companies shall apply for the mine e...
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Cambodia’s economic growth expected to reach 7% in 2020
Cambodia's economic growth is projected to reach around 7% by 2020 due to growth in exports, foreign investment inflows, tourism, and construction and real estate, sectors which are expected to enjoy continued growth. In a macroeconomic and banking progress outlook for 2019 and 2020 released on 02 January, the National Bank of Cambodia projects that economic growth will be based on a forecast o...
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Foreign condo transfers rise again in Thailand
Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers. The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong condo market in Thailand despite the valuation of the prop...
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Construction projects increase by 55% in 2019
4,446 projects construction projects were approved in 2019, a 55% increase compared to 2018, while investment totalled US$9.3 billion, representing a year-on-year increase of 78%. The annual report from the Ministry of Land Management, Urban Planning, and Construction showed that construction projects nationwide were built over 18.5 million square metres, a 62% increase compared to 2018 when co...
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Land Management Ministry to collect revenue from electronic cadastral information service
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced late...
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Premier Hun Sen pushes for more SEZs along border
The Head of the Royal Government of Cambodia has pushed for the establishment of more special economic zones on the border with Vietnam in order to attract more investment from Vietnam in Cambodia. The establishment of SEZs has been pushed after Cambodia has already established special economic zones in Bavet town Svay Rieng province and a special economic zone in Tbong Khmum province. “I wa...
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