Laws and Regulation
300 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 […]
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Gov’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 […]
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Gov’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 […]
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Gov’t to Issue EV Development Policy; EV Usage Up 1153% Y-o-Y
The government has set up nine inter-ministerial working groups, institutions and other key development partners to gather input on the draft of the electric vehicle (EV) development policy. According to a workshop on 5 December, the policy aims to build a larger network of EV charging stations and encourage further usage of EVs in Cambodia. […]
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Gov’t Sets New Guidelines for Selecting Public-Private Partnership Projects
The Cambodian government has set out a number of key principles for identifying and selecting public-private partnership projects. According to the workshop on “Joint Operations Management Procedures for Public-Private Partnership Projects” on 28 November, the guidelines will help identifying priority projects through a standard approach. Mr. Chhim Sochrasmey, Director of the Project Development Department of […]
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Ministry of Justice to Launch Commercial Court in 2023
The Ministry of Justice plans to launch Cambodia’s first commercial court in 2023 to resolve trade disputes and to build confidence for both local and foreign investors in Cambodia. The Ministry of Justice, in collaboration with the Asian Development Bank in Cambodia, organised a symposium on “Establishment of the Cambodian Commercial Courts” on 29 November […]
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National Assembly Approves Draft Budget for 2023
The National Assembly on Tuesday approved the draft budget law 2023 under the chairmanship of Kittisethabindit Cheam Yeap, Acting President of the National Assembly. According to the draft law of budget bill 2023, the government plans to spend 39,206,205 million riels, equivalent to US$9.6 billion, equivalent to 29.87% of GDP, an increase of 13% compared […]
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UN Urges Cambodia to Strengthen Road Safety
The UN Special Envoy for Road Safety has urged Cambodia to strengthen road safety measures through the implementation of multiple projects, emphasising that road safety is still a challenge in Cambodia. The concern was raised during the meeting between Special Envoy of the United Nations HE Jean Todt with Minister of Public Works and Transport […]
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Post Ministry: Borey Owners Must Facilitate Internet Providers Even Without Partnership
The Ministry of Posts and Telecommunications (MPTC) has ordered owners of boreys and condominiums to stop preventing non-partnered internet providers from connecting internet to residents, warning no more monopoly internet providers in residential or commercial projects will be permitted. The call came after the ministry received complaints from on-field working teams that they were having […]
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Gov’t Issues New Guidelines for Real Estate Investment Trust
The Non-Banking Financial Services Authority has issued guidelines for the recognition of appraisal companies and real estate appraisers in the field of trust investment. According to Proclamation No. 052 dated 3 November 2022, companies wishing to apply for recognition must submit the application with the following requirements: Obtain a license from the Trust Regulator. Have […]
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