Policy and Strategy
Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, […]
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GDT Sets Property Tax Deadline for 30 September 2024
The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property […]
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic […]
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Cambodia & Thailand Forge Stronger Tourism Ties with 5-Point Cooperation Plan
The Ministry of Tourism of Cambodia and the Ministry of Tourism of Thailand have committed to enhancing bilateral tourism development through a five-point cooperation plan. This agreement was reached during the third bilateral meeting of the Ministers of Tourism from both countries, held in Bangkok, Thailand, from 17-18 July 2024, as stated in a press […]
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PM Urges Streamlined Airport Procedures to Boost Tourism
The head of the Cambodian government has directed relevant ministries and institutions to implement three key measures: (1) create a unified application process, (2) enable online visa fee payments, and (3) examine ways to reduce airport fees during the low tourist season to ensure a smoother arrival experience for tourists at the airport. This announcement […]
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
China’s undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing’s push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China’s drive for domestic production. “We don’t need foreign technologies,” a FiberHome executive told Nikkei on 26 June 2024. […]
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
China’s latest US$43.5 Billion housing initiative targets the country’s vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure’s […]
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Gov’t Resolves Over 85% of Land Disputes with Over 15,000 Cases Addressed
The Ministry of Land Management, Urban Planning, and Construction has resolved 13,329 land dispute cases out of 15,642, achieving an 85.21% resolution rate. This information was shared on the ministry’s official Facebook page on 26 June 2024. The ministry’s efforts addressed various disputes, including land tenure issues, duplicate title applications, and state land title issuance […]
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People’s Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of […]
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Cambodia Launches US$3.4m National Single Window System to Propel Economic Growth
In a strategic move to enhance trade efficiency and stimulate national economic growth, the Cambodian government has officially launched the National Single Window system, an investment exceeding US$3.4 million. Announced by Prime Minister Hun Manet on 7 May 2024, the innovative platform is designed to streamline the export and import processes, marking a significant leap […]
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