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ខ្មែរ Policy and Strategy
MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
- 14 April 2020
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
- 9 April 2020
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
- 9 April 2020
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
- 8 April 2020
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
- 7 April 2020
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
- 6 April 2020
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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National Bank urges institutions not to foreclose on the property during COVID-19 crisis
- 2 April 2020
The First Deputy Inspector General of the National Bank of Cambodia has requested all banks and microfinance institutions to avoid seizure of clients' assets while the economic situation slows down due to the COVID-19 pandemic. According to a local press release, Mr Kith Sovannarith, First Deputy Inspector General of the National Bank of Cambodia, requested all banks and microfinance to solve t...
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World Bank: Cambodia’s economic growth to slow to 2.5% in 2020 due to COVID-19
- 1 April 2020
Cambodia’s economic growth is predicted to decrease by 2.5% in the first quarter of 2020, due to inactivity in the tourism and construction sectors resulting from the outbreak of the COVID-19 pandemic in the country. The World Bank released an Economic Update for East Asia and the Pacific in the time of COVID-19 report on Tuesday 01 April estimating the economic impact of the virus pandemic. ...
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Housing loans affected by COVID-19 granted relief
- 30 March 2020
Home improvement loans and housing loans are among the loans that are being granted relief through loan restructures from banks and microfinance institutions (MFIs). The directive aims to ease the burden of loan borrowers whose incomes are reduced and have difficulty paying back due to the COVID-19 pandemic. In a directive statement issued on 27 March, the National Bank of Cambodia requires ban...
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Cambodia to suspend hydropower dam plan on Mekong River for 10 years
- 25 March 2020
Cambodia will suspend hydropower dam plans on the mainstream of the Mekong River for the next decade until 2030 and will look to coal, gas and renewable energy such as solar energy instead. The decision was made by the Ministry of Mines and Energy to great applause from civil society especially environmental groups and people affected by the project. In supporting this wise decision, the WWF Co...
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