Malaysian PM resignation signals concern for infrastructure projects

The shock resignation of recently-elected Malaysian Prime Minister Mahathir Mohamed has raised concerns over-scheduled though controversial major infrastructure projects. Among his first actions on becoming prime minister in 2018 was to cancel the Chinese-funded high-speed Singapore-Kuala Lumpur rail line and the MRT 3 Circle Line projects among concerns about the levels of debt incurred, estimate...

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H.E Khuong Sren: Authorities in 14 districts to provide better registration services for deed of conveyance

H.E Khoung Sreng, Governor of Phnom Penh Municipal Council, has instructed all 14 district authorities to pay better attention to providing a deed of conveyance registration services for citizens. "To meet the district governor is harder than meeting a minister. These words have become obsolete after the establishment of a hospitality group at the district level to provide services to citizens”...

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Families affected by drainage project in Preah Sihanouk to get concessional land

Preah Sihanouk Provincial Hall has decided to grant concessional land for 180 families affected by the drainage project in the province, according to an announcement made by Provincial Hall on 16 April. According to the document, 610 dwellings are located in the project site of which 430 are partially affected and 180 are completely affected. “Based on the administrative principle of Preah S...

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Government announces US$2 billion liquidity adjustment package for banking sector

The government has announced a US$2 billion liquidity adjustment package, with the central bank relaxing its reserve requirement for banks as a measure to address the economic impact effects from COVID-19. The statement was made by Ms Chea Serey, National Bank of Cambodia Assistant Governor during an interview with CNBC where she explained the government’s measures to address the economic impac...

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MoEYS asks landowners to favour educational institutions facing COVID-19 crisis

The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting on 3 April 2020, the private education...

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Government bans intra-national travel to prevent the spread of COVID-19

Samdech Techo Hun Sen has ordered the imposition of travel restrictions to within city limits, from province to province and from district to district throughout the kingdom, starting from 24:00 on Thursday 9 April to 24:00 on Thursday 16 April 2020 to prevent the spread of COVID-19, according to a government order issued on the afternoon of 9 April 2020. The restrictions were announced followi...

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Government reduces US$918 million in expenses from state departments excluding road development

Samdech Techo has announced that the government has reduced US$918 million in expenses from all state institutions to combat the COVID-19 outbreak; however, the road and canal development budget will be not reduced, as it is a high priority need. The announcement was made at a press conference on updating the current situation of COVID-19 on the morning of 7 April 2020. “I hope national instit...

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Samdech Techo continues calling for private sector rental price reduction

Samdech Techo Hun Sen, Prime Minister of Cambodia appealed for understanding from the private sector to reduce rental prices during the period of threat from the COVID-19 pandemic. On April 7 2020, at a special Press Conference briefing on the COVID-19 in Cambodia at the Peace Palace, Samdech Techo Hun Sen once again requested the private sector to soften some rental payment conditions. "Fin...

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How interest rate cuts affect mortgage rates and borrowers

Central Banks around the world have been lowering their interest rates as one of the monetary policy responses to the economic slowdown caused by the COVID-19 pandemic. The Federal Reserve, or FED, of the United States, for instance, has recently cut the rate to almost 0%. The same applies to the Bank of England, the Reserve Bank of Australia, and Malaysia’s Central Bank, who have cut their rate t...

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Land Division from Sub-Decree 80 land area and Botum Sakor National Park not yet complete

The request for the land division from sub-decree 80 covered land area and the Botum Sakor National Park for residents has not yet reached approval, mentioned by Mr. Chea Sovy, Governor of Koh Kong District, in an interview with Construction and Property Magazine on 3 April 2020. “The land division is to cut from the Botum Sakor National Park and Sub-Decree 80 on the Creation of the Tatai Wildl...

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