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ខ្មែរ Policy and Strategy
Samdech Techo asks developers to delay real estate payment for workers
- 10 March 2020
Covid-19 respiratory infections have caused negative effects on the economy and in particular in the property sector. In response, Cambodian Prime Minister Samdech Hun Sen requested real estate companies to provide workers with compensation and delay payments as much as possible. The request was made at the opening ceremony of National Road 55 and National Road 10 on the morning of 9 March 2020...
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2015-2025 IDP action plan will double Sihanoukville’s potential
- 7 March 2020
Sihanoukville is being transformed into a multi-purpose special economic zone following the principles of the Special Administrative Zone, according to the 4th point of the Ministry of Economy and Finance Press Release on Progress of 2015 – 2025 IDP Implementation. The Industrial Development Policy (IDP) represents a comprehensive vision of the Royal Government of Cambodia to embark on a “new e...
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Lvea Aem district to be partially integrated into Phnom Penh city
- 28 February 2020
Lvea Aem district of Kandal province, on the eastside of Chaktumok river, has been confirmed to be partially integrated into a new district of Phnom Penh. The confirmation of the establishment of this new district has been made along with the plan of constructing a new bridge crossing the Mekong River linking Chroy Chongva to the Akreiy Ksatr area of Lvea Aem. Speaking at a religious ceremo...
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
- 27 February 2020
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one case reported so far. “Amid this low number of ...
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Hotels in Siem Reap exempted from tax for 4 months
- 24 February 2020
The government has decided to exempt all kinds of monthly taxes for hotel owners, and guesthouses in Siem Reap for four months, from February to May 2020, as a counter policy to the tourist slowdown caused by COVID-19 outbreak. Announcing the measure at a press conference on the morning of 24 February 2020, Prime Minister Samdech Hun Sen addressed the issue of COVID-19 affecting tourism busines...
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No sand exports since 2017, says Mines Ministry
- 18 February 2020
The Ministry of Mines and Energy has claimed that there have been no exports of sand from Cambodia since 2017 due to both environmental issues as well as the increase in domestic demand given the current construction sector boom. The claim comes in response to research done by the University of Southampton in the UK, which discovered that the Mekong riverbanks, especially in Cambodia, are prone...
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CCA to organise oversea business tours for members
- 18 February 2020
The Cambodia Constructors Association is planning to organise oversea business tours for members to seek further business opportunities and broaden networks with foreign business partners. According to CCA Secretariat General Manager Mr Chhiv Sivpheng, the association is working on the details with partners, and is hoping to host the trip within this year. “Currently, we are dealing with our...
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S. Korea grants Cambodia US$700 million loan for 10 development projects
- 4 February 2020
South Korea has agreed to grant an additional loan of US$700 million to Cambodia for 10 development projects for implementation from 2019 to 2023, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. During his meeting with Cambodian citizens in South Korea on 3 February 2020, Samdech Hun Sen said that from 1996 to 2018, South Korea provided Cambodia with more than US$300 million in ...
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Cambodia construction sector to slow down in 2020, say experts
- 4 February 2020
Despite ongoing GDP growth, local leading real estate analysts foresee that the construction sector in Cambodia will see a slight slowdown in 2020 due to three significant factors. Given the current economic situation, experts came up with three primary factors being the causes of a real estate slowdown in the kingdom including the outbreak of coronavirus that strongly affects the Chinese econo...
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Ministries vow to resolve stamp tax jam
- 22 January 2020
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General Department of Taxation, the cooperatio...
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