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ខ្មែរ Laws and Regulation
302 hectares of Land in Takhmao to be Integrated into Phnom Penh
- 26 October 2020
Over 300 hectares of land in Takhmao town of Kandal province will be integrated into Dangkor district of Phnom Penh, to address the land impact and facilitate the implementation of the Boeung Tumpun and Boeung Choeung Ek satellite cities, according to the Notice No. 914, dated October 19. The Five villages of Takhmao town includes Stung Chrov village, Prek Tapov village (Doeum Mean commune), Pr...
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Infrastructure Development Sector Receives Third Largest National Budget Allocations
- 24 October 2020
The Cambodian government has approved US$8.1 billion for 2021 public expenditure in 2021, of which infrastructure development sector received the third largest. According to outcome statement of the meeting chaired by Prime Minister Hun Sen, the Ministry of Public Works and Transport (MPWT) is at the top three receiving the most budget after the Ministry of Education, Youth, and Sports and the ...
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GDT Postpones Capital Gains Tax Collection to 2022
- 22 October 2020
The General Department of Taxation (GDT) has decided to postpone the start of capital gains tax collection from 01 January 2021 to 01 January 2022 to give more time for taxpayers to learn and adjust, according to a GDT announcement on October 22. The decision was made based on a letter from the Ministry of Economy and Finance that was approved by Prime Minister Samdech Hun Sen on 09 October. ...
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Let’s Find Out! EP48: To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
- 16 October 2020
<div class="youtube"> https://www.youtube.com/watch?v=dUeZCFeV7Qk </div> To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established a law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Sub...
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To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
- 15 October 2020
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as co...
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Cambodia, Korea Discuss Sea Transport Agreement
- 14 October 2020
Cambodia and South Korea are currently discussing a new sea transport agreement to reduce legal red tape and boost bilateral trade. The discussion was held on 12 October under the chairmanship of Secretary of State of the Ministry of Public Works and Transport (MPWT) HE Ros Vanna. HE Ros said that both parties are reviewing the approved model of the agreement and will amend it if necessary f...
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MPWT Discussing Port Draft Law to Boost Water Logistics
- 14 October 2020
The Ministry of Public Works and Transport (MPWT) and other related institutions are discussing and reviewing the port draft law, aiming to enhance and control the water logistic system in Cambodia. The meeting was held on 14 October and chaired by Minister of Public Works and Transport HE Sun Chanthol. The main purpose of the meeting was to review the definition of each article and amend th...
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600 hectares of Protected Land in Sihanoukville Given to Local Tycoons for Development
- 13 October 2020
The Cambodian Government has given a 600-hectare land plot carved from the 2002- mangrove forest preservation and protected area Sihanoukville to Okha Seng Nhak and his wife Ly Arpon for investment and development purposes. According to a sub-decree dated 08 June 2020, this 600-hectare land plot is located at the southern part of Sihanoukville international airport, in Ream and Bet Traing Commu...
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Half of Government’s Public Investment Allocated to Infrastructure Sector
- 9 October 2020
The Cambodian government has approved 629 public investment projects, worth over US$12 billion, of which 50% has been allocated to infrastructure development, according to the 2021-2023 public investment bill approved by the cabinet on the morning of 09 October. Among all the projects, 203 projects are being implemented, using US$8.3 billion in capital. Meanwhile, the other 426 projects are abo...
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National Police Chief Urge Strengthening Security in Condos and Boreys
- 9 October 2020
The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom Penh Governor HE Khuong Sreng Kar on 08 O...
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