Local News
Korea Provides US$66m Loan to Build University of Health Sciences Hospital
The Government of the Republic of Korea has provided a concessional loan of over US$66 million to the Ministry of Health of Cambodia for the construction of a health university hospital, located in Sen Sok district, Phnom Penh. The project was discussed at a meeting held on 6 April between the Secretary of State of […]
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Prince Bank Invests Additional US$35 million in New PP Airport Project Through Bond
Prince Bank has invested an additional US$35 million into the new Techo airport development project through CACI guaranteed bonds. This investment is the second in addition to the first US$15 million investment last year, making the firm hold a total of US$50 million in bonds for the new airport project. The agreement was signed on […]
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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of […]
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WB: Law on Investment, FTA, & RCEP Expected to Attract More Investment in Cambodia
The new Law on Investment, the China and South Korea FTAs, and the Regional Comprehensive Economic Partnership (RCEP) are expected to help boost investment and trade in Cambodia in the coming years, according to a World Bank report on Tuesday. RCEP is a mega trade agreement between 10 ASEAN member states and its FTA partners, […]
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the […]
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New Public Beach in Kep Province Ready for Tourists
The 2,700-metre-long new public beach in Kep is ready to welcome visitors on New Year’s Day, although works related to tree planting and gardening are not yet complete. HE Som Piseth, Governor of Kep Province, said on 5 April that the work of filling soil and building concrete roads in this beach area is 100% […]
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Korea Eyes Investments in Water Supply, Wastewater Treatment & Recycling Systems in Cambodia
South Korea firm -Techcross Water & Energy – has sought to understand investment opportunities in Cambodia by focusing on the environment, such as water supply, wastewater treatment, and recycling. The information was shared in a meeting between Commerce Minister HE Pan Sorasak and representatives of Korea’s Techcross Water & Energy held in Phnom Penh in […]
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EuroCham Partners with Land Ministry on Urban Planning, Construction & Real Estate
EuroCham Cambodia has entered a partnership with the Ministry of Land Management, Urban Planning and Construction (MLMUPC) to help Cambodia enhance city planning, law implementation, and the digitalisation of the construction and real estate sectors. The MoU was signed on 1 April by MLMUPC Secretary of State HE Theng Chan-Sangvar, EuroCham Cambodia Chairman Tassilo Brinzer. […]
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
Medtecs International Corporation Limited (Medtecs) has invested US$3 million in the guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) contributing to the development of the Techo International Airport. The agreement was signed on 4 April between Medtecs’s founder and Chairman Mr Clement Yang and CAIC Director Mr Charles Vann, under the witness of […]
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SHV & Poipet Railways to be Upgraded to High-Speed System, More Lines Under Study: PM
Prime Minister Samdech Hun Sen has urged the Minister of Public Works and Transport to speed up the progress of seeking development partners or private firms to upgrade two existing railway lines into high-speed routes. PM Hun Sen said on 4 April that the government is planning to develop the Phnom Penh-Popiet and Phnom Penh-Sihanoukville […]
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