Policy and Strategy
What Is Homeowners Insurance? How Does It Work?
Homeowners insurance is a form of property insurance that covers losses and damages to an individual's house as well as other assets within. It also provides liability coverage against accidents in the home or on the property, according to Investopedia. A homeowner’s insurance policy in most of the case covers four kinds of incidents on the insured property including interior damage, exterior d...
Read MoreRaising Property & Wealth Tax Could Speed Up Pandemic Recovery, says ADB Blog
Cambodia and other countries in the Asia-Pacific should raise tax collection, in particular on the tax on property and wealth, to speed the economic recovery once the pandemic ends, according to the Asian Development Bank (ADB) blog. In the article entitled ‘How governments can use tax policy to speed pandemic recovery’, the authors suggested that taxing the wealthy, many of whose incomes have ...
Read MoreNagaWorld Temporarily Suspends Operations after 11 Employees COVID-19 Positive
NagaCorp announced on Monday 01 March that the firm has voluntarily suspended operations after 11 of their staff tested positive for COVID-19. According to the firm’s announcement, 3000 employees were tested by the Ministry of Health (MoH) on 27 February, and 11 were found positive. The main objective of the suspension is in response to the recent surge in community transmission or known as ...
Read MoreGov’t to Enforce Nationwide Measures on Public Road Encroachment with New Sub-decree
The Ministry of Public Works and Transport is speeding up discussion and revision of the draft sub-decree on land management along public roads and railways to put the sub-decree into effect as soon as possible. Secretary of State for Public Works and Transport (MPWT) HE Lim Sidenin said at the meeting on 23 February that the main purpose of this sub-decree is to eliminate land encroachment alo...
Read MoreHuge New Affordable Housing Project Proposal Under Review in Kampong Chhnang
A huge new affordable housing project proposed for Kompong Chhnang city is currently under review by the Ministry of Land Management, Urban Planning and Construction. The proposed 22-hectare site is located in Phsar Chhnang commune in Kampong Chhnang city and was recently inspected by the technical team led by Director of the General Department of Housing HE Khemro Beng Hong Socheat on 18 Febru...
Read MoreCambodia’s Construction Sector Investment Value US$60.8 billion since 2000
In the past two decades, the construction sector has the major backbone of Cambodia's economic growth, with the investment value reaching over US$60.8 billion, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara. During the 2nd Public-Private Forum on Cambodia-Japan Urban Development held on 16 February, HE Chea Sophara said that investment in the construct...
Read MoreLand Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
The Minister of Land Management, Urban Planning and Construction HE Chea Sophara has revealed that that the Japanese government has been assisting Cambodia in many major projects within the construction and urban planning sectors. Speaking at the Cambodia-Japan Urban Development Conference on 16 February, HE Chea Sophara expressed sincere thanks to Japan for the very close cooperation, and summ...
Read MoreEuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event organised biennially ...
Read MoreGov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom
The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals who have no decent housing. Meanwhile, the land ...
Read MoreKampot and Kep to Attract More Development with Forthcoming Investment Guidebook
Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential information before they decide to invest. “Cur...
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