Laws and Regulation
Samdech Sar Kheng tells residential owners to report their foreign tenants
In a bid to control the presence of foreigners living in Cambodia, the Deputy Prime Minister has told all residential property owners to report their foreign tenants. The directive was made after some owners have not understood their obligations and have not complied with the law. In a letter signed on Friday by Samdech Krolahom Sar Kheng, Deputy Prime Minister and Interior Minister, both fo...
Read MoreSocial Protection Sought for Construction Workers
Workers in the construction sector are seeking social protection through the National Social Security Fund (NSSF) like workers in other sector receive, citing that construction work is considered a high-risk risk job compared to other jobs. In the World Health and Safety 2019 meeting held on 29 April, a group of construction workers and worker unions pushed the government to consider constructi...
Read MoreKey Advantages to Using a Property Management Company to Manage Your Cambodian Real Estate Assets
Appointing a skilled property management company can significantly add value to your real estate portfolio while reducing the time and costs spent on having to manage the administrative, legal and technical issues associated with owning them. The recent completion of numerous real estate developments in Cambodia over the past few years has given rise to some interesting questions about how and ...
Read MoreAffordable Housing for Garment Workers Planned
The Ministry of Labour and Vocational Training has held discussions with the private sector on the possibility of building affordable housing for garment workers and for them to pay through installments at a similar rate as they currently pay for rented accommodation. H.E Ith Samheng, Minister of Labour and Vocational Training said the ministry is seeking private sector support to invest in bui...
Read MoreGDT Prepares to Impose New Tax Base for Stamp Duty
The General Department of Taxation (GDT) has been preparing to impose new tax base for stamp duty on property transfer through the launches of a series of seminars, according to a recent press release. The preparation came to impose new tax base came after the Ministry of Economy and Finance (MEF) issued a Prakas on 22 March 2019 regarding the new tax base rate for property transfer ‘stamp duty...
Read MoreGovernment Approves Three Electricity Plants
Sample photo by GE.com The government approved three electricity projects on 05 April 2019 in Pursat and Kompong Chhnang provinces with an investment capital of more than US$347 million, according to the Government Spokesperson Unit. The government has permitted SPHP (Cambodia) Co., Ltd. to build the Pursat1 hydroelectric power plant which will have the capacity to generate up to 80 megawatt...
Read MoreGovernment Terminates Royal Group’s National Railway Contract
Sample photo by Kidskunst.info The Royal Government of Cambodia has decided to end the contract of Cambodia Royal Railway for the operation of Cambodia’s railway, according to an announcement by Samdech Techo Hun Sen, Prime Minister at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019. “The Royal Government has decided to terminate the business of Royal Rai...
Read MoreGovernment Establishes Two Working Groups for Construction and Real Estate
Credit to acechamp.com The government has set up two working groups from the public and private sectors to find solutions for construction and real estate problems that might hinder businesses in these sectors. According to the two decisions dated on 25 March 2019 recently obtained by Construction & Property Magazine, the government has appointed two construction and real estate working ...
Read MoreVietnam to Approve National High Speed Rail Link
Sample photo by NWC Vietnam Consulting railway Final plans for a US$56bn high-speed rail link between Hanoi and Ho Chi Minh are expected to be approved by the Vietnamese National Assembly in 2019. The 1,137km-long high-speed link would reduce travel time between the two cities from 30 hours to five and a half. The project was rejected by the National Assembly in 2010, on the basis that US...
Read MoreMeasures Set for Hotels, Restaurants and Construction
The government, through the National Committee for Cambodia Bay Management and Development, is setting out measures for hotels, restaurants and construction in Sihanoukville, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) on 25 March 2019. During an inspection trip to Sihanoukville province, the committee told all hotels, restaurants and construction to in...
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