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ខ្មែរ Laws and Regulation
Strict Measures Set for Land and Construction Sectors in 2019
- 25 December 2018
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has laid down strict measures for 2019 for the land and construction sectors, according to a press release dated 24 December, 2018. The 3-page press release regarding the working results in 2018 and working plans for 2019 highlights 22 important points of the ministry’s achievement as well as future measures. Among the ...
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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
- 14 December 2018
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration. “W...
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Land Minister Sets Out Three Proposals to Promote Construction Standards
- 4 December 2018
In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associati...
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Home Loan Regulations Toughen in Thailand
- 16 November 2018
In an effort to reduce speculation in the residential property market, Thailand’s central bank announced new rules at the start of October that will toughen mortgage lending requirements. From January 2019, a cap of 80% will be placed on the loan-to-value (LTV) ratio limit for homes valued more than THB10 million (USD306,466) which means buyers must place a minimum down payment of 20%. The new ...
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Tax on Real Estate of Cambodia
- 10 November 2018
Cambodia has seen tremendous growth in the real estate sector, both in residential and commercial developments. This growth has bought changes in the landscape of the country and also in the law and regulations relevant to the sector, including the tax code. Under tax law, the term “immovable property” defines not only land but also includes houses, buildings and other improvements that are built ...
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Insurance Gaining in Importance in Cambodia’s Construction Sector
- 2 November 2018
With the rapidly increasing construction activities across the country, the insurance market is gaining in importance and relevance. On 01 November, 2018, EuroCham hosted a breakfast talk on ‘Construction Insurance Policies in Cambodia’ that provided detailed information on the importance of having insurance for construction projects. Speaking to the audience of around 40 people, Mr Charles ...
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GDT to Apply New Land Price Rates Across the Country
- 25 October 2018
The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation. On 25 October, 2018, H.E Kong Vibol told reporters at the ‘Tax Forum’organised by EuroCham Cambodia that the government is preparing to update land prices which will be imple...
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Ministry of Land Management to Set Measures for “land-price Updates”
- 11 October 2018
As land prices increasingly rise across the country, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has announced plans to introduce a “land-price update”, according to an article published by sabay NEWS on 09 October, 2018. According to the same source, H.E Chea Sophara, Deputy Prime Minister, Ministry of Land Management Urban Planning and Construction (MLMUPC), said:...
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Samdech Hun Sen Abandons Plan to Create Two More Provinces
- 5 October 2018
Samdech Prime Minister Hun Sen has abandoned the plan proposed by the Ministry of Interior after the general election to create two more provinces, according to a live video on Samdech’s Facebook page. On 5 October, 2018, Samdech Hun Seno rdered Council of Ministers officials to issue a government letter announcingthe end of the feasibility study regarding the creation of two more administrativ...
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Authorities call Preah Sihanouk construction site owners to public meeting on safety
- 4 October 2018
The Ministry of Land Management Urban Planning and Construction (MLMUPC) in collaboration with the Preah Sihanouk Provincial Administration have held a public meeting on construction safety and quality with around 195 construction site owners attending, according to the Preah Sihanouk Provincial Administration. During the 4 December meeting, H.E Lao Tip Seiha, Secretary of State of the MLMUPC i...
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