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ខ្មែរ Policy and Strategy
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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Major Real Estate Firms Donate Over US$16 million for COVID-19 Vaccine
- 8 December 2020
By 08 December, six major local real estate companies have donated a total of US$16 million to the government to purchase COVID-19 vaccines. Those firms include Prince Real Estate Group, Pheng Hout Group, Chip Mong Group, Royal Group, and Borey Piphop Tmey, who donated US$3 million each. Meanwhile, Leng Navatra also donated US$1 million. According to a government announcement at 9:30 am on 0...
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Over 3,000km of Roads in Cambodia Built by China with over US$3 billion in Loans, says Transport Minister
- 4 December 2020
Chinese companies have thus far built more than 3,000km of roads and eight major bridges with a total length of over 8km for Cambodia, thanks to more than US$3 billion in concessional loans from the Chinese government. Minister of Public Works and Transport (MPWT) HE Sun Chanthol summarised this data in his speech during the video conference of the 11th International Infrastructure Investment a...
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Over 113km of Flood-damaged Roads Nationwide Fixed
- 24 November 2020
Over 113km of Flood-damaged Roads Nationwide Fixed The government has thus far repaired over 112km of roads nationwide, after over 3,000km of infrastructure were damaged by floods in recent months. Ministry of Rural Development spokesman HE Chan Daron revealed this information during a press conference on 24 November. "So far, we have made emergency repairs to reconnect 111.55 kilometres ...
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Gov’t Allows Reopening of Schools, Stadium, and Other Entertainment Venues
- 19 November 2020
The Cambodian government has recently announced the reopening of schools, stadiums, museums, and other entertainment venues including wedding parties, but with stricter precautionary measures. According to a special audio message from Prime Minister Samdech Hun Sen, released by Fresh News on 18 November, the reopening of the above-mentioned venues aims to boost the economy after a two-week clos...
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