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ខ្មែរ Policy and Strategy
CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
- 8 August 2024
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President of the CDC, and Mr Tassilo Brinzer,...
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
- 6 August 2024
Indonesia's new "golden visa" policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 golden visas by the end of this year, as reported by...
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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
- 5 August 2024
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, amounting to a combined investment ...
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GDT Sets Property Tax Deadline for 30 September 2024
- 2 August 2024
The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property owners to comply promptly. Taxes can be ...
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
- 23 July 2024
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic zones while promotin...
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
- 20 July 2024
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press release. The meeting was co-chaired by HE S...
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PM Urges Streamlined Airport Procedures to Boost Tourism
- 19 July 2024
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement was made by PM Samdech Hun Manet during ...
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
- 16 July 2024
China's undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing's push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China's drive for domestic production. "We don't need foreign technologies," a FiberHome executive told Nik...
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
- 14 July 2024
China's latest US$43.5 Billion housing initiative targets the country's vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure's limited scale and potential...
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Gov’t Resolves Over 85% of Land Disputes with Over 15,000 Cases Addressed
- 4 July 2024
The Ministry of Land Management, Urban Planning, and Construction has resolved 13,329 land dispute cases out of 15,642, achieving an 85.21% resolution rate. This information was shared on the ministry's official Facebook page on 26 June 2024. The ministry's efforts addressed various disputes, including land tenure issues, duplicate title applications, and state land title issuance in forest cov...
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