Economy and Finance
World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional […]
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 […]
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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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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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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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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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Single Portal Registers Almost 20,000 Companies
The government’s Online Business Registration System, a single portal, has registered nearly 20,000 companies with an investment capital of about US$5.51 billion as of mid-November this year. Among all investments, construction shares US$963 billion while real estate is at US$634 billion according to the report of the Ministry of Economy and Finance. According to the […]
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KH, VN Agree on Multiple Deals Boosting Cross-Border Infrastructure & Transport Systems
Cambodia and Vietnam have discussed multiple matters aiming to strengthen cross-nation infrastructure and transport sectors. During a bilateral meeting between the Minister of Public Works and Transport of Cambodia and the Minister of Transport of the Socialist Republic of Vietnam on 8 November, five major topics were discussed including: 1) Cross-border Transportation: The two parties […]
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Royal Railways Officially Issues US$10 million Bond on CSX
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and […]
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Cambodia, China Signs MOU to Export Edible-Nest Swiftlets to China
The Cambodian Ministry of Commerce and the Cambodian Business Center in Xiamen, China, are working together to promote the export of Cambodian edible-nest swiftlets to China. Both parties are also planning to establish an edible-nest swiftlet processing plant in Cambodia as well. (Read more) HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary […]
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