Germany Provides USD 3.12 Million for Cambodia’s Demining Operations in Two Provinces
Germany has granted USD 3.12 million to support Cambodia’s demining operations in Banteay Meanchey and Oddar Meanchey provinces. The funds, allocated through the Norwegian People’s Aid (NPA), were announced during a meeting on 4 September 2024 between HE Heng Ratana, head of CMAC, and Mr Hans Risser, NPA President in Cambodia. The grant, covering a […]
South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector
Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]
Cambodia Secures US$2 Million in Special Funds from Mekong-Lanchang Cooperation for 2024 Development Projects
Cambodia has been granted a US$2 million special fund from the 2024 Mekong-Lanchang Cooperation (MLC) to support the development of eight strategic projects, according to a press release issued by the Ministry of Foreign Affairs and International Cooperation on 3 September 2024. These projects span critical sectors such as tourism, demining, agriculture, rural development, public […]
Kratie Celebrates the Official Opening of its First US$140 Million Tyre Factory
Cambodia’s first-ever tyre factory, Newbustar (Cambodia) Tire Co., Ltd., with an investment of US$140 million, officially opened its doors in the UBE Snuol Special Economic Zone, Kratie province, as per the Cambodia Development Advisor’s press release on 6 September 2024. The factory, spanning a 40-hectare site, began operations in May 2023, marking a major milestone […]
ADB Allocates Over $93 Million to Enhance Rural Water Supply in Nine Cambodian Provinces
The Asian Development Bank (ADB) has approved a comprehensive funding package of $93.6 million in loans and grants to expand the rural water supply and sanitation (WASH) infrastructure across nine provinces in Cambodia, aiming to provide climate-resilient and safe water supply to rural communities. This significant development was announced on 02 September 2024. The initiative […]
Kampong Speu’s Rapid Industrial Growth: Over 423 Factories and 200k Jobs Created in 2024
Kampong Speu province is experiencing significant industrial expansion with a total of 423 factories now operational, including 30 newly established factories in the first half of 2024. These developments have generated over 200,000 jobs in the province, reflecting the area’s growing appeal to investors. This information was shared by HE Cheam Chansophoan, Governor of Kampong […]