Local News
Gov’t Spent US$1bn in Loans in First Nine Months of 2022; 54% for Infrastructure
During the first nine months of 2022, the Cambodian government withdrew approximately US$1 billion in cash from concessional loans, 54% of which was used in infrastructure development, according to the recent Cambodian Public Debt Statistics Bulletin. During this period, loans disbursed for infrastructure include US$254.19 million for transportation, US$75.20 million for energy, US$101.35 million for […]
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Gov’t Plans to Build US$200m Bridge Connecting NR1, Lvea Em & PP-Bavet Expressway
The Cambodian government plans to build a new US$200-million bridge connecting NR1 to Lvea Em and to the upcoming Phnom Penh-Bavet expressway. Prime Minister Samdech Hun Sen said on 12 December that passengers can cross this bridge free of charge from NR1 to Lvea Em and especially to the new Phnom Penh-Bavet expressway. “Since the […]
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Cambodia Raises US$10 million Fund from Government Bond
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank […]
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Cambodia Imports Iron & Steel Worth Over US$300 million in 11 Months
Cambodia imported US$327 million worth of iron and steel in the 11 months of 2022, a year-on-year increase of 22%. Iron and steel are products in the list of import statistics by the top 20 commodities (chapter) in November 2022 of the General Department of Customs and Excise. The import of iron and steel accounts […]
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PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
Cambodian Prime Minister Samdech Hun Sen has ordered Electricite du Cambodge (EDC) and the Ministry of Mines and Energy to keep electricity prices stable and as low as possible while warning private companies not to increase oil prices arbitrarily. PM Hun Sen gave the statement during the ASEAN Summit – European Union (EU) in Brussels, […]
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Australia Provides US$65m Fund for Development in Four Key Sectors in Cambodia
The Australian Embassy in Cambodia has provided US$65 million in grants to help develop four key sectors over a five-year period (June 2022 to June 2027). The agreement signing ceremony for the Cambodia-Australia Partnership for Resilient Economic Development (CAP RED) Program was held on 12 December. The grant will focus on four key areas including […]
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GDLT, CDIA to set up electric bus system in Siem Reap
The General Department of Land Transport (GDLT) has partnered with Cities Development Initiative For Asia (CDIA) to implement a comprehensive study project on the feasibility of setting up a public transport system for electric buses in Siem Reap. According to the discussion on “Electric bus fleets as public service in Siem Reap city” on 9 […]
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PM Hun Sen Proposes Building Beach Museum in SHV
Cambodian Prime Minister Samdech Hun Sen has urged the Ministry of Tourism and the Sihanoukville authorities to examine the possibility of setting up a beach museum in the province. PM Hun Sen said during 16th Beach’s Club General Assembly that the club president and members should share their experiences and create a beach museum. “The […]
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ADB Provides US$73m Fund to Cambodia to Boost Coastal Fisheries
The Asian Development Bank (ADB) has approved a US$73 million financing package to promote sustainable climate resilience and coastal & marine fisheries in Cambodia, according to a press release on 8 December. The fund package includes a US$41 million loan from ADB, a US$22 million grant from ADB’s Asian Development Fund, and a US$$10 million […]
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Construction of Arey Ksat Bridge Set to Begin by End 2023
The Cambodia-Korea Friendship Bridges Project (Old Market – Chroy Changvar & Chroy Changvar – Arey Ksat) is set to begin construction by the end of 2023 as the legal procedures of the project are yet to be completed. The timeline was confirmed by a spokesman for the Ministry of Public Works and Transport Heang Sotheayuth […]
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