Policy and Strategy
63 Infrastructure Development Projects to be Implemented in Kandal in 2022
The Kandal Provincial Administration has set the goal to implement a total of 63 provincial development projects in 2022, most of which focus on the development of roads, administrative buildings, and street lighting, among other infrastructure. The projects were mentioned during the meeting on Wednesday 5 January chaired by Kandal Governor HE Kong Sophorn. As the COVID-19 situation is getti...
Read MoreMLMUPC pledges to complete land registration nationwide & strengthen construction management in 2022
The Ministry of Land Management, Urban Planning, and Construction has pledged to implement 18 tasks to strengthen land and construction management works in 2022. According to the press release on 30 December 2021, some key tasks include: -Finish 100% land registration of 7 million land plots nationwide -Register economic land concessions 57 companies flooded forest areas around Tonle Sap ...
Read MoreLand Ministry gifts over 700 land plots to locals in Kratie province
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by 458 targeted families from Sambok, Changkong, Dar, Thme...
Read MoreLand Minister: Illegal construction Activities Significantly Reduced After Enforcement of Construction Law
The construction sector in Cambodia has been improved with fewer illegal activities found after the implementation of the construction law in 2019, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara during a meeting with JICA Chief Representative Kamei Haruko on 16 December. Minister Chea Sophara said three sub-sectors in the construction industry have see...
Read MoreGov’t Plans New Financing Program for Hotel Businesses to Renovate Their Venues
The Ministry of Economy and Finance plans to provide additional financing packages to tourism and hotel operators so that they can use the capital to rehabilitate, renovate or expand their venues during the reopening period. Speaking at a press conference on 14 December, HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, stated that the financial assistance will be provi...
Read MoreAffordable Housing Projects to Gain More Momentum in 2022, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has projected that the borey market will remain strong in 2022 and at least for the next 5-10 years, citing low to mid-range types will be in high demand . Dr Kim Heang said boreys that are in strong demand will be those priced from US$50,000 to US$100,000. “A large proportion of the Cambodian population are those with low and midd...
Read MoreEU Launches €300bn Infrastructure Funding Scheme Countering China’s BRI
The European Commission and the High Representative for Foreign Affairs and Security Policy recently launched a new €300 billion global infrastructure funding program called the Global Gateway, aiming to boost recovery in low and middle-income countries as an alternative to China’s Belt and Road Initiative (BRI). Announced on 1 December, the scheme will focus on funding projects in various sect...
Read MoreReal Estate Developers Set Plans for Post-Pandemic Expansions
By Eric Wong Chon Lap Almost two years into the pandemic, although some real estate companies are still struggling to survive, or to be remain competitive in the market, major real estate developers and players have been able to quickly adapt to the unexpected situation, capitalizing on the diverse income stream they have built. Some developers have even utilized this pandemic as opportunities ...
Read MorePM Embraces “Khmer Can Do It” Motto: Cambodia Puts Best Effort to Self-Finance Infrastructure Projects
Cambodia Prime Minister Samdech Hun Sen has proudly embraced the “Khmer Can Do It” slogan, stating Cambodia will put its best effort to self-finance and build its own infrastructure development projects if possible, aiming to reduce reliance on FDI or development partners. PM Hun Sen made the remarks during the site visit to various infrastructure developments in Sihanoukville on 01 December. ...
Read MorePM Orders Immediate Seizure of Illegally Owned Land Around Tonle Sap
Prime Minister Samdech Hun Sen has ordered an immediate seizure of all the illegally owned mangrove forest land in the Tonle Sap region from encroachers regardless of their social status, while a special working group has also been established to investigate and tackle the issues. Samdech Hun Sen stated in a voice message that the seizure must be done at all costs no matter how much criticism t...
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