Investment and Funding
ADB Commits US$140M to Bolster Industrial Skills & Public Service Decentralisation in Cambodia
The Asian Development Bank (ADB) has reaffirmed its commitment to Cambodia’s development with a substantial US$140 million loan agreement, signifying a pivotal step in enhancing the nation’s industrial skills and streamlining public services. This agreement, inked on 26 September 2023, by HE Dr. Aun Porn Moniroth, Cambodia’s Deputy Prime Minister and Minister of Economy and […]
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Japan Commits US$430 Million to Transform Sihanoukville Port into ASEAN’s Largest by 2028
The Japanese government has pledged a substantial investment of US$430 million for the expansion and enhancement of Sihanoukville port. This transformative endeavour, set to be realised by 2028, aspires to position Sihanoukville as “the largest port in ASEAN.” This announcement was made by HE Ueno Atsushi, the new Ambassador of Japan to the Kingdom of […]
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Cambodia’s Gold Refineries Shine: 8 tons of Gold Ore Processed, Generating US$13 Million in Royalties
In a glittering testament to Cambodia’s burgeoning gold industry, six prominent companies engaged in gold refinery production have collectively processed a remarkable 8,334 kilograms of gold ore as of 25 September 2023. According to a report released by the Ministry of Mines and Energy, the grand total equates to an impressive 922 gold bars, reflecting […]
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Chinese Giant DANONG Partners with Four Firms to Cultivate Cambodia’s Agricultural Potential
DANONG Agricultural Development Group, a major Chinese company, has inked agreements with four strategic partners for substantial agricultural investments in Cambodia. The signing ceremony took place on 12 September 12023. The esteemed collaborators joining forces with DANONG are the Cambodia Agriculture Cooperative Alliance (CACA), Agri Bank Construction Land, Panagri International Farm Co., Ltd., and Century […]
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Gov’t Inks Concessional Loan Deals Worth US$780 Million in H1 2023
In a testament to Cambodia’s continued economic development and collaboration with international partners, the government has successfully secured concessional loan agreements amounting to a total of US$787.5 million in the first half of this year. This impressive figure represents a substantial year-on-year increase of 24%. According to a report released by the Ministry of Economy […]
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Cambodia’s Angkor Wat Ticket Sales Soar, Generating Over US$23 Million in Just Eight Months
Cambodia has raked in an impressive US$23,091,931 in revenue from Angkor Wat ticket sales during the first eight months of 2023, drawing 498,513 foreign tourists, according to a report released by the Angkor Institute. This marks a staggering 419.58% increase compared to the same period in 2022. In August 2023 alone, the Angkor Institution reported […]
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New PM Dr Hun Manet Advocates for Workplace Nurseries & Kindergartens to Support Cambodian Workers
Cambodia’s new Prime Minister, HE Dr Hun Manet, has proposed the establishment of community nurseries and kindergartens in close proximity to factories. This visionary move would facilitate working parents to ensure their children receive proper care and early education. HE Dr Hun Manet made the recommendation while addressing over 18,000 factory workers in Takhmao city, […]
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India Donates Over US$400K to Clear More Than 1 Million Square Metres of Landmines in Koh Kong
In a generous display of solidarity, the Government of the Republic of India has extended a helping hand to Cambodia, offering crucial assistance amounting to US$426,709 for demining efforts across four districts in Koh Kong province. The commitment was enshrined during the signing ceremony of a Memorandum of Understanding (MoU) for the “All Mine Village […]
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US grants US$450,000 to continue conservation of Phnom Bakheng temple
The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of […]
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CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces
The Board of Investment of Cambodia, operating under the CDC, has given the green light to a number of companies to establish a five-star hotel in the heart of Phnom Penh and to set up a series of expansive factories across the nation, strategic investments totaling US$167.9 million. This surge in investment is poised to […]
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