Thursday, April 24, 2008

PM Hun Sen expressed concerns on inflation and high property price in Cambodia

Speaking at the biannual Government-Private Sector Forum on Wednesday 23 April 2008, Prime Minister Hun Sen announced a series of taxes and banking restrictions to help curb inflation and address other economic concerns.

The prime minister then proposed a series of measures to deal with inflation, high property prices and food security- measures he said would also improve the government's budget.

Hun Sen said the government would better implement taxation policies regarding land sales, which are supposed to be taxed by the goverment, and the oft-ignored tax on unused land.

Hun Sen also said the NBC must restrict commercial banks from loaning money to real estate market from "overtheating". [quoted from the Cambodia Daily dated on 24 April 2008]

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Pone said...

The Guardian's article:
"Country for Sale"

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Real Estate Development in Cambodia

Cambodia: New Investment Destination in Southeast Asia