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ខ្មែរ Laws and Regulation
National Assembly Approves Draft Budget for 2023
- 29 November 2022
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...
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UN Urges Cambodia to Strengthen Road Safety
- 28 November 2022
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...
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Post Ministry: Borey Owners Must Facilitate Internet Providers Even Without Partnership
- 15 November 2022
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...
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Gov’t Issues New Guidelines for Real Estate Investment Trust
- 10 November 2022
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...
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
- 27 October 2022
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...
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Gov’t Issues New Guidelines Scrutinising Casino Businesses
- 22 October 2022
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...
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Gov’t Reallocates Over 10,000ha of Land from Battambang to Pailin Administration
- 21 October 2022
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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Differences between pledge and transfer of title for security
- 17 October 2022
Pledge (pawning) and transfer of title for security are somewhat similar in the act that the debtors use their property as collateral to borrow money from creditors under an agreed period and interest rate. However, there are some differences that frequently cause trouble for debtors and creditors. Pledge or pawning can be done with collateral that is both movable and immovable properties. I...
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Authority Urges People to Not Sell Concessional Land Obtained Via LASED III
- 12 October 2022
A senior official of the Ministry of Land Management, Urban Planning and Construction has urged people not to sell social concessional land obtained from the Land Allocation for Social Affairs and Economic Development Project Phase III (LASED III) in Kbal Damrey commune, Sambo district, Kratie province. H.E Rath Hok, Undersecretary of State of the Ministry of Land Management, Urban Planning and...
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PM Hun Sen: No Relocation of Preah Dak Villagers Yet; Authorities Carefully Studying
- 7 October 2022
Prime Minister Samdech Hun Sen confirmed that there have been no house demolitions or any order to relocate people in Preah Dak commune, asking residents to calm down as the government will study closely before implementing any projects. PM Hun Sen gave the statement on 6 October, in response to the gathering of Preah Dak villagers to the news that the government will dismantle the entire Preah...
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