Local News
PM Hun Sen Commits to Building Two More Expressways PP – Bavet & PP – Siem Reap
Prime Minister of Cambodia Samdecho Hun Sen said that the Royal Government will build two more expressways, Phnom Penh – Bavet and Phnom Penh – Siem Reap. “We will try to build another expressway connecting Phnom Penh to Bavet on the Vietnamese border,” read a post on his official Facebook page while he was travelling […]
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Japan Provides Over US$500K to Improve Health Centres in Takeo & Kampong Cham
The Government of Japan has agreed to provide a total of US$ 506,595 for the renovation of the Rehabilitation Centre in Takeo Province and the construction of a maternity and neonatal care facility at Kampong Cham Provincial Referral Hospital. The donation agreement signing ceremony was held on 8 December under the presidency of Deputy Chief […]
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S. Korea Provides US$70m Concession Loan for Grid System Enhancement in Cambodia
The South Korean government has provided US$70 million in a concession loan for a grid system improvement project in Preah Sihanoukville province. The loan agreement was signed on December 9 by HE Aun Pornmonyroth, Deputy Prime Minister and Minister of Economy and Finance and Ms Minnie Chey, Country Director of Korea Economic Development Cooperation Fund […]
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S. Korea Provides US$2bn Loan to Cambodia for Key Infrastructure Development
The Government of the Republic of Korea has provided concessional loans of nearly US$2 billion to build two key infrastructures and boost the overall economy. The signing ceremony took place on 9 December with Cambodian Prime Minister Samdech Hun Sen. One part of the loan worth US$245,909,000 will be used for the construction of the […]
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Phnom Penh Court of Appeal to be Relocated to OCIC Development in Early 2023
The Phnom Penh Court of Appeal and the Phnom Penh Prosecutor General of the Phnom Penh Court of Appeal will be relocated from the premises of the Ministry of Justice on Samdech Sothearos Blvd to a new location in the OCIC development area. According to an announcement by the Court of Appeal of Phnom Penh […]
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WB: Cambodia’s economic growth forecast for 2022 remains at 4.8%
World Bank has projected that Cambodia’s real GDP growth for 2022 will remain at 4.8% as previously forecasted due to the positive increase of exports of garment and non-garment products, especially the arrivals of foreign tourists. The forecast is based on Cambodia’s Economic Updates on Navigating Global Economic Headwinds issued on 7 December. The surge […]
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Construction US$20m Takhmao Water Supply Facility to be Completed in 2024
The construction of the US$20 million Takhmao water supply is scheduled to be completed as planned in December 2024, according to a site inspection on 6 December 2022. According to HE Cham Prasidh, Minister of Industry, Science, Technology and Innovation, this project will tackle the shortage of clean water in Phnom Penh and Takhmao, and […]
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Gov’t to Inject More US$100m Fund to SME Banks
The government plans to allocate another US$100 million fund to the SME Bank by 2023, on top of US$423 million injected in the past years, according to a press conference on 5 December 2022. Dr Phan Phalla, Chairman of the Board of Directors of the Small and Medium Enterprise Bank, stated that the Royal Government […]
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Gov’t to Issue EV Development Policy; EV Usage Up 1153% Y-o-Y
The government has set up nine inter-ministerial working groups, institutions and other key development partners to gather input on the draft of the electric vehicle (EV) development policy. According to a workshop on 5 December, the policy aims to build a larger network of EV charging stations and encourage further usage of EVs in Cambodia. […]
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Japan to Help Build bridge, Irrigation System Two Major Cambodia’s Provinces
Japan has provided a grant of US$186,856 for the construction of bridges and the rehabilitation of irrigation systems in the Kampong Speu and Kampong Cham provinces. The grant agreement signing ceremony was held on 5 December with the presence of the Minister/Deputy Chief of Mission of the Embassy of Japan to Cambodia Taninai Ichitomo and […]
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