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ខ្មែរ Policy and Strategy
Over 200 Development Projects Included in Kep Development Master Plan
- 15 January 2021
Over 200 development projects and four major tourism development destinations have been included in the draft of Kep Tourism Master Plan, according to the Ministry of Tourism on 14 January. The purpose of the master plan is to transform Kep into a "high-end luxury tourism destination", and also to help boost Kep’s tourism potential after the COVID-19 crisis. According to Undersecretary of St...
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Gov’t to Renovate Over 370km of Rural Roads Across Siem Reap in 2021
- 6 January 2021
The Siem Reap Provincial Department of Rural Development plans to renovate and rebuild a total of 373 kilometres of rural roads across Siem reap in 2021 to ease the overall commuting system in the province. Sao Bunthy, Director of the Rural Roads Office of the Siem Reap Provincial Department of Rural Development, told National Radio on 04 January that his department has four principles for road...
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Real Estate Association Pushes for Stimulus in Indonesia
- 30 December 2020
A leading Indonesian industry association is pressuring the government to provide increased stimulus to the real estate sector in the face of the COVID-19 pandemic, arguing that the current plans do not go far enough. According to The Jakarta Post on 06 October, Real Estate Indonesia (REI) has requested the government to offer additional stimulus, such as mortgage payment deferrals for both hom...
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
- 26 December 2020
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of the Senate of Cambodia Samdech Say Chhum ...
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Phnom Penh Municipality to Take Action Against Encroachers on Canals and Public Land
- 25 December 2020
The Phnom Penh municipality plans to take action on illegal canal and public land encroachment soon, particularly in the western part of Phnom Penh, after deciding to dredge and rebuild 12 drainage systems across the city. The plan was announced in a meeting chaired by Phnom Penh Governor HE Khuong Sreng on 24 December. During the meeting, HE Khuong Sreng said that 12 drainage systems out of...
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Stamp Duty Tax Exemption Extended to December 2021
- 24 December 2020
The government has decided to extend the stamp duty tax exemption deadline for property worth less than US$70,000 from January to December 2021. According to the official announcement released on 23 December, the government also urged developers to provide more discounts to buyers, with the aim to boost the economy through more property transactions. The first announcement of tax exemption w...
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Seven Tourism Projects Planned for Koh Kong Province
- 22 December 2020
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the Ministry of Environment HE Srun Darith and relevant officers on inspected the si...
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Is Buying Property Always Better than Renting?
- 15 December 2020
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. According to Fidelity, there are arguments both for buying and continuing to r...
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
- 14 December 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) approved construction projects nationw...
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Slowdown in Construction and Real Estate Remain ADB’s Concern, Despite 5.4% Growth Forecast in 2021
- 11 December 2020
The Asian Development Bank (ADB)’s December forecast has shown that Cambodia’s economy will contract by 4% year-on-year during 2020, and the growth will rebound by 5.4% in 2021. However, the slowdown in the construction and real-estate sector is still a concern among other risks. This forecast remains unchanged compared to the September forecast by the same institution. ADB also stated that Cam...
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