Cambodia-Singapore Draft Agreement for Phnom Penh Logistics Centre Project

The draft agreement between the Ministry of Public Works and Transport (MPWT) and Singaporean firm YHC to build a Logistics Centre in Phnom Penh, has been completed. Both parties are currently reviewing the content before moving to the next stage. MPWT Minister HE Sun Chanthol said during the meeting with the Ministry of Economy and Finance on 27 October that the responsible officials are reass...

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Infrastructure Development Sector Receives Third Largest National Budget Allocations

The Cambodian government has approved US$8.1 billion for 2021 public expenditure in 2021, of which infrastructure development sector received the third largest. According to outcome statement of the meeting chaired by Prime Minister Hun Sen, the Ministry of Public Works and Transport (MPWT) is at the top three receiving the most budget after the Ministry of Education, Youth, and Sports and the ...

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Cambodia Chamber of Commerce Drafting Investment Guidebook to Attract More FDI

The Cambodia Chamber of Commerce is currently compiling investment guidebooks for each province nationwide, aiming to help ease the business environment for investors, both local and international. As of today, the relevant institutions are focusing on finding input for investment guidebooks of two provinces, Siem Reap and Oddar Meanchey. The books aim to serve as a reference document for in...

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Floods Damage More Than 90 Roads Nationwide

According to the Ministry of Public Works and Transport, as of 15 October, at least 90 roads or over 200 sections nationwide have been affected by floods. In the meantime, the ministry is temporarily fixing some sections and will re-evaluate some others after the waters recede. These damaged roads are at least 300 kilometres long in total, including National Roads 2, 3, 4, 5, 20, 20A, 21, 21A, ...

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To What Extent Can Foreigners Acquire Ownership of Co-owned Property?

To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings? Co-owned building refers to building or construction in which several co-owners live, such as co...

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MPWT Discussing Port Draft Law to Boost Water Logistics

The Ministry of Public Works and Transport (MPWT) and other related institutions are discussing and reviewing the port draft law, aiming to enhance and control the water logistic system in Cambodia. The meeting was held on 14 October and chaired by Minister of Public Works and Transport HE Sun Chanthol. The main purpose of the meeting was to review the definition of each article and amend th...

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Japan Grants 15 Construction Machines to Promote Infrastructure Development in Cambodia

The Government of Japan has handed over 15 road construction machines worth US$4.5 million to help improve road construction projects in Cambodia. The handover ceremony was held on 12 October and presided over by Ambassador of Japan to Cambodia and HE Sun Chanthol, Minister of Public Works and Transport. The grant comprises of 15 machines such as Road Stabiliser & Accessories (3 units), ...

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Cambodia Never Asks to Delay Loan Repayments from Foreign Creditors

Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. Cambodia has never asked creditors to de...

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Half of Government’s Public Investment Allocated to Infrastructure Sector

The Cambodian government has approved 629 public investment projects, worth over US$12 billion, of which 50% has been allocated to infrastructure development, according to the 2021-2023 public investment bill approved by the cabinet on the morning of 09 October. Among all the projects, 203 projects are being implemented, using US$8.3 billion in capital. Meanwhile, the other 426 projects are abo...

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National Police Chief Urge Strengthening Security in Condos and Boreys

The National Police and the Phnom Penh Municipal Administration have issued eight new sets of guidelines for all real estate developers to practice, aiming at strengthening security and safety in condos and boreys across Phnom Penh city. The guidelines were announced during a joint meeting between the National Police Chief General Neth Savoeun and Phnom Penh Governor HE Khuong Sreng Kar on 08 O...

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