Policy and Strategy
50% discounts in Siem Reap after government advice
A five-star hotel in Siem Reap has announced a 50% discount from March to May on its services in response to the impact of the Coronavirus, or Covid-19, on tourism. The announcement came after Siem Reap provincial authorities called on all hotel owners in the Siem Reap area in early March 2020 to consider reducing […]
Read More
MPWT: Covid-19 issue does not affect Cambodia’s road development projects
The recent Covid-19 issue does not affect the development of Cambodia’s roads financed by the People’s Republic of China. This statement was made by H.E. Sun Chanthol, Minister of Public Works and Transport during an interview with the press at the inauguration ceremony for National Road 55 and the ground-breaking ceremony of National Road 10 […]
Read More
Samdech Techo asks developers to delay real estate payment for workers
Covid-19 respiratory infections have caused negative effects on the economy and in particular in the property sector. In response, Cambodian Prime Minister Samdech Hun Sen requested real estate companies to provide workers with compensation and delay payments as much as possible. The request was made at the opening ceremony of National Road 55 and National […]
Read More
2015-2025 IDP action plan will double Sihanoukville’s potential
Sihanoukville is being transformed into a multi-purpose special economic zone following the principles of the Special Administrative Zone, according to the 4th point of the Ministry of Economy and Finance Press Release on Progress of 2015 – 2025 IDP Implementation. The Industrial Development Policy (IDP) represents a comprehensive vision of the Royal Government of Cambodia […]
Read More
Lvea Aem district to be partially integrated into Phnom Penh city
Lvea Aem district of Kandal province, on the eastside of Chaktumok river, has been confirmed to be partially integrated into a new district of Phnom Penh. The confirmation of the establishment of this new district has been made along with the plan of constructing a new bridge crossing the Mekong River linking Chroy Chongva to […]
Read More
Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
Read More
Hotels in Siem Reap exempted from tax for 4 months
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister […]
Read More
No sand exports since 2017, says Mines Ministry
The Ministry of Mines and Energy has claimed that there have been no exports of sand from Cambodia since 2017 due to both environmental issues as well as the increase in domestic demand given the current construction sector boom. The claim comes in response to research done by the University of Southampton in the UK, […]
Read More
CCA to organise oversea business tours for members
The Cambodia Constructors Association is planning to organise oversea business tours for members to seek further business opportunities and broaden networks with foreign business partners. According to CCA Secretariat General Manager Mr Chhiv Sivpheng, the association is working on the details with partners, and is hoping to host the trip within this year. “Currently, we […]
Read More
S. Korea grants Cambodia US$700 million loan for 10 development projects
South Korea has agreed to grant an additional loan of US$700 million to Cambodia for 10 development projects for implementation from 2019 to 2023, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. During his meeting with Cambodian citizens in South Korea on 3 February 2020, Samdech Hun Sen said that from 1996 to […]
Read More