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ខ្មែរ Policy and Strategy
GDT Launches Property Tax App & Instruction Video
- 19 March 2021
<div class="youtube"> https://www.youtube.com/watch?v=uKrtNXd2B9s </div> The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic. According to a GDT announcement on 11 March, the app will allow property taxpayers to check information on registered ...
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Demand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
- 18 March 2021
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core businesses and desire to be released fr...
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World Bank’s Land Allocation Program Provides Safety Net to Workers Hit by COVID-19
- 18 March 2021
The Land Allocation for Social and Economic Development (LASED) is a program co-organised by the World Bank and the Ministry of Land Management, Urban Planning and Construction, aiming at gifting land to poor and indigenous people in Cambodia. Since the project began in 2008, at least 30,000 hectares of land have been provided to more than 50,000 poor families across the kingdom. According t...
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Gov’t to Seize Back Over 260 Hectares of Illegally Owned Forest Land in Kampong Speu Province
- 17 March 2021
The Kampong Speu provincial administration has officially decided to seize back over 260 hectares of illegally owned forest land in Aoral District as a state asset, according to the Kampong Speu Governor Vei Samnang. Governor Samnang said yesterday that the total area of land to seize back is 266 hectares and 9 plots. Those plots are located in Choam village, Khphe village, Ta Sal village, O'An...
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Provincial Administration Nationwide Speeding Up Construction of Cremation Sites for COVID-19 Fatalities
- 16 March 2021
The provincial administrations of each province nationwide are building crematoriums within their own provinces to be ready in case COVID-19 fatalities occurs, as the number of cases associated with the February 20 community incident is surging. To date, according to information gathered by Construction & Property Magazine, those provinces that have already started the construction include ...
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Pros and Cons of Buying a Foreclosed Property
- 13 March 2021
Most investors are reluctant to buy foreclosed property as they do not want to deal with complicated court procedures despite the low price. However, buying a foreclosed property is not always complicated if you know how to analyze the property and follow the procedure well. A foreclosed property is a property that the original owner used as collateral to secure the loan but was later forced to...
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Strong Fiscal Support, New Trade Opportunities, Growth in FDI are Key Drivers for Cambodia’s Post-Pandemic Recovery
- 12 March 2021
A special report by DHL researchers has expressed optimism that Cambodia will recover quickly from the pandemic crisis due to three main factors including ongoing fiscal support, new trade opportunities, and expected growth in FDI inflows. Published in the Business Times in early March, the report stated that the first driver of growth for Cambodia is the strong support from the government thro...
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Cambodia, Laos, Vietnam Agree To Accelerate Three Major Cross-Border Infrastructure Projects
- 11 March 2021
The prime ministers of Cambodia, Laos, and Vietnam have agreed to gather more resources from development partners to accelerate three major cross-border infrastructure development projects including the Phnom Penh-Ho Chi Minh railway, Hanoi- Vientiane expressway, and Vientiane–Vũng Áng railway. According to the virtual meeting between the three prime ministers on 10 March, the three nations hav...
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Cambodia Should Simplify Institutional Red Tape for Effective Post-Pandemic Recovery, Says Analyst
- 11 March 2021
To ensure a robust recovery from the COVID-19 crisis, Cambodia may need some institutional reforms. and reducing investment red tape should be the first step according to an international analyst. Strong political and social stability have been the selling points attracting more investment to Cambodia in the last two decades. However, fixing the complexity and uncertainty in legal frameworks an...
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Gov’t Temporarily Shuts Down Six Casinos in Kandal and reopens 26 properties in Phnom Penh
- 9 March 2021
The Cambodian government has announced the temporary closure of six casinos in Kandal province after five people were found to be COVID-19 positive related to the February 20 incident, but also reopened 26 properties in Phnom Penh. The Kandal Provincial Administration on 09 March announced the closure of six casinos, including the Jinsakungfu Casino and Hotel, Prince Casino, Crown Casino, Grand...
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