German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. H.E. Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable energy, tourism, and […]
Spain Eyes Expansion in Cambodia’s Wind Power Sector
Spain’s Acciona Energía is set to boost its investment in Cambodia, enhancing its current wind power projects in the country. This announcement was made during a visit by a Cambodian delegation to Acciona Energía’s headquarters, led by Deputy Prime Minister Sun Chanthol, the first Vice President of the Council for the Development of Cambodia, on […]
ADB Commits US$1.26 Billion to Support Cambodia’s Sustainable Development
The Asian Development Bank (ADB) has unveiled its latest country partnership strategy for Cambodia, committing approximately $1.26 billion to support the nation’s sustainable development and economic growth. This announcement was made during the inauguration of ADB’s new office on 12 June 2024, presided over by Deputy Prime Minister and Minister of Economy and Finance H.E. […]
Cambodia & Singapore Push for ASEAN Power Grid to Combat Rising Electricity Prices & Promote Green Energy
Cambodia and Singapore have proposed the re-establishment of the ASEAN Power Grid, aiming to promote green energy, protect the environment, and control rising electricity prices. This initiative, announced by Minister of Mines and Energy Keo Rattanak in a video released on 4 June 2024, comes 25 years after ASEAN initially set this goal but was […]
Cambodia & Turkey Agree to Boost Bilateral Trade to US$1bn
Cambodia and Turkey have committed to enhancing their bilateral trade to US$1 billion in the near future. This agreement was announced in a press release by the Ministry of Foreign Affairs and International Cooperation on 30 May 2024. During a two-day visit to Turkey, Cambodian Foreign Minister Sok Chenda Sophea aimed to broaden cooperation across […]
World Bank Grants Nearly US$80m to Cambodia to Enhance Over 1,500 Educational Institutions Nationwide
The World Bank has allocated an additional US$79.5 million to Cambodia to improve access to quality education across 1,590 educational institutions. This expansion, announced in a press release on 30 May 2024, builds upon an initial funding package of US$69.25 million approved in January 2022. The new financing package includes a US$60 million loan from […]