Kandal Authority Gives Closure Warning to Non-Standard Ferries

The Kandal Provincial Administration has warned any ferry businesses that they will be shut down if they do not properly implement the safety principles, according to an official meeting on 5 January.  Mr Chi Sivutha, Director of Administration of Kandal Provincial Hall, said that the provincial administration had to immediately stop the usage of rudder boats and replace them with steel boats o...

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Gov’t Establishes 15 New villages in Pursat Province

The Ministry of Interior has established 15 new villages in several districts in Pursat province, according to Prakas No. 7406 dated 29 December 2022.  These 15 villages include:  -Bor Vong village in Sangkat Chamroeun Phal  -Phteah Prey village, Sampov Meas village, Chamkar Chek village in Sangkat Phteah Prey   -Thmey Beidom village, O Trav village, Chheu Teal Rong village in Sangkat ...

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Gov’t Allocates Over 200ha of Land in Kirirom National Park to Private Firm

The Cambodian government has changed the usage of 221.94 hectares of land in Preah Suramarit Kosamak "Kirirom" National Park and allocated it to a private firm,  according to Sub-Decree No. 126 dated 27 June 2022.  The private firm receiving the plot is ONE MORE Ltd. However, the company has yet to announce the development plan.  Currently, the company is completing all the legal procedures ...

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PM urges authorities to complete all land registration by 2023

Cambodia Prime Minister Samdech Hun Sen urged the relevant authorities to 100% complete the land registration by 2023, especially lands around the Tonle Sap lake. PM Hun Sen said on 71 December the government has registered almost all the land plots nationwide with only a small amount remaining, but officers must accelerate the process. Samdech Hun Sen continued that land registration is nec...

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Gov’t Drafts New Traffic Law to Align with New Infrastructure Development

The Cambodian government is amending the new draft law on road traffic to align with the rapid road development in Cambodia, according to an inter-ministerial meeting on 28 December.  The new draft law is designed to revise the content of 48 old articles and add some new ones to align with Cambodia's development, especially on road development, including road widening, and expressway constructi...

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How to check the validity of real estate sale & purchase agreement ?

According to Civil Code 2007, the sale and purchase of real estate must be made​ in three forms such as (1). Contract Written by Notary, (2). Contract Sealed by Commune, Sangkat or City, District, Khan Administration, (3). Contract Certified by Notary. (Read more) However, for real estate developers, the agreement can be quite different especially when the case involves instalments and a down p...

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Gov’t Establishes Five New Cities & Districts in Three Provinces

The Cambodian government has established five cities and districts in Kandal, Kampong Speu and Kratie provinces, according to Sub-Decree No. 269, 270, 271 and 272, dated on 23 December.  The first new city is Sampov Loun in Kandal province with five communes including Chheu Khmao, Prek Chrey, Prek Speu, Chroy Takeo and Sampov Poun. The administrative location of Sampov Loun municipality is in S...

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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 Trust Law is enforced to set out rules ...

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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 other 401 hectares is from the economi...

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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 required to report their finan...

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