‘The devil is in the details’ – Tax versus incentives in new investment law
The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/special-reports/devil-details-tax-versus-incentives-new-investment-law
150 projects worth $3.45B approved in nine months
Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501164016/150-projects-worth-3-45b-approved-in-nine-months/
Kandal residents near new airport asked to take down structures
Kandal residents affected by the new airport development said they were told by company workers to dismantle small sheds they use to house animals, causing anxiety among people that their land could be cleared soon. Residents in four communes of Kandal Stung district have been affected ...
Pa Sokheng
https://vodenglish.news/kandal-residents-near-new-airport-asked-to-take-down-structures/
VIDEO: CDC updates law, sub-decree to investors
Officials Of the COuncil fOr the DevelOpment Of CambOdia (CDC) On Tuesday disseminated the new Law On Investment tO the members Of the Travel GOOds and Leather AssOciatiOn (CTLA) and CambOdia FOOtwear AssOciatiOn (CFA). ...
Nuon Soksarim
https://www.khmertimeskh.com/501327605/video-cdc-updates-law-sub-decree-to-investors/
Siem Reap receives more than 110,000 tourists during the Chinese-Vietnamese New Year
Tourists and people of Siem Reap Province visit various resorts in Siem Reap Province during the Chinese-Vietnamese New Year from February 9–11, 2024, for a total of 117,677 people, an increase of 11.56% compared to 2023, about 105,481 people. ...
Khmer Times Staff
https://www.khmertimeskh.com/501438425/siem-reap-receives-more-than-110000-tourists-during-the-chinese-vietnamese-new-year/
Estimated $900k damage after factory blaze
The cost of a blaze that ripped through a backpack factory in Phnom Penh’s Dangkao district last Tuesday amounted to almost $1 million, an administrator at the factory said Monday. ...
Sek Odom
http://www.cambodiadaily.com/news/estimated-900k-damage-after-factory-blaze-67745/
Top Papua New Guinea bank to enter local asset market
Bank South Pacific (BSP), Papua New Guinea’s largest bank, signed a joint venture deal with RMA Cambodia to enter the Cambodian asset finance market, according to a media report yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/top-papua-new-guinea-bank-enter-local-asset-market
New Kompong Thom Governor Vows to Give Land to Evictees
The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...
National Assembly Lawmakers Reject SRP Budget Suggestions
Lawmakers at the National Assembly yesterday debated the government’s plan for public spending next year, with the opposition challenging the government’s plans to rack up more foreign debt. Since the draft of the 2013 budget was released last month, the opposition has come forward with detailed ...
Villagers in limbo as dam starts
Construction at the controversial Lower Sesan II dam site in Stung Treng province has already begun, according to villagers, who will today petition several ministries, the Chinese embassy and the headquarters of the Royal Group to open negotiations with them. According to the villagers, who travelled ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/villagers-limbo-dam-starts
UNESCO's General Conference president hails Cambodia for efforts to safeguard cultural heritage sites
The president of the General Conference of the United Nations Educational, Scientific and Cultural organization (UNESCo) on Monday hailed Cambodia for its efforts to preserve and develop world heritage sites, a Cambodian spokesman said. Hao is visiting Cambodia to attend the official launching of the ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/culture/2014-12/01/c_133825742.htm
Assembly passes first of three contentious laws on judicial reform
Ruling party lawmakers at the National Assembly pass the first of three draft laws in judicial reform, defying an opposition boycott and ignoring calls for further review by outside legal experts. The Law on the organization of the Courts will put more power within the Ministry ...
Suy Heimkhemra
http://www.voacambodia.com/content/assembly-passes-first-of-three-contentious-laws-on-judicial-reform/1920338.html
Ethnic Jarai villagers defend claim at court
Jarai ethnic minority villagers appeared at Ratanakkiri provincial court yesterday, demanding compensation from a Vietnamese company they say illegally cleared 30 hectares of community land in November last year. Chea Chanrith was granted a licence from the Ministry of Agriculture last year to clear land ...
IPAC to work closely with gov’t to enhance intellectual property
Cambodia’s first independent association for promoting intellectual property (IP) is seeking closer cooperation with government agencies to help the private sector better understand IP, its benefits and the importance of registering their products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/ipac-work-closely-govt-enhance-intellectual-property
Census deportations hit 142 in single day
Vietnamese nationals were deported en masse this week from Svay Rieng province, with 142 illegal migrants sent back across the border in a single day, as Cambodia’s nationwide census of foreigners continues, officials said yesterday. General Sok Phal, director of the Interior Ministry’s Immigration Department, said ...
Phak Seangly and Alice Cuddy
http://phnompenhpost.com/national/census-deportations-hit-142-single-day
Union chief’s new calling: factory land broker
As Free Trade Union officials were putting together a list of demands for striking workers at a factory in Kompong Speu province on Tuesday, the union’s president, Chea Mony, was in Kampot province inspecting a plot of land for a Chinese firm looking to set ...
Sek Odom and Matt Blomberg
https://www.cambodiadaily.com/news/union-chiefs-new-calling-factory-land-broker-87638/
Land Investors Should "Play Fair"
Companies that invest in land and resources in emerging economies risk financial and public relations disasters if local inhabitants feel they are getting ripped off, consultants warned in a report last week. The report was released by a group known as the Munden Project The ...
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html
PPSEZ to make final preparations for IPO
The Phnom Penh Special Economic Zone (PPSEZ) was given clearance on Wednesday to begin final preparations for listing on the country’s stock exchange, according to a statement released by the Securities and Exchange Commission of Cambodia (SECC). ...
Kang Sothear
https://www.cambodiadaily.com/news/ppsez-to-make-final-preparations-for-ipo-110499/
Travel group calms visitors
In an apparent bid to reassure jittery visitors watching the country’s political scene, the Cambodia Association of Travel Agents (CatA) said in a statement yesterday that post-election tensions would not harm tourists. Addressing its members – tour operators and travel agencies – as well as national ...
Anne Renzenbrink and Laura Ma
http://www.phnompenhpost.com/business/travel-group-calms-visitors