Laws and Regulation
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. HE Pov Maly, Secretary of State of the Ministry ...
Read MoreGov’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 Devel...
Read MoreMinistry 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 with the participation of government ...
Read MoreNational 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 to the 2022 budget law. To meet the e...
Read MoreUN 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 HE Sun Chanthol on 24 November. HE Jin Todt hig...
Read MorePost 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 some...
Read MoreGov’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 been doin...
Read MoreWealthy Foreigners Can Now Buy Land, Houses in Thailand
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. The proposal had been drawn up by the Interior Ministry in May with the aim of pulling in foreign in...
Read MoreGov’t Issues New Guidelines Scrutinising Casino Businesses
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino only within the desi...
Read MoreGov’t Reallocates Over 10,000ha of Land from Battambang to Pailin Administration
The Battambang and Pailin provincial administrations have agreed to reallocate over 10,000 hectares in the Samlot and Kamrieng districts from Battambang administration to be under the administration of the Pailin provincial administration. According to a meeting between Battambang and Pailin administrative officers on 19 October, the land reallocation was made in accordance with the order of Sa...
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