Investment and Funding
How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth
More than 1.3 million Cambodians living and working overseas contribute to their home country’s economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry […]
Read More
Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues
Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, […]
Read More
Prey Veng Province Generates US$ 5 Million from Construction Stone Business in 5 Years
The collection of tax revenue from all types of construction stone businesses in the province has amounted to approximately US$ 5 million in the past five years. The revenue was collected from all kinds of sand and stone processing businesses, totaling around US$ 4.57 million from 2018 to 2022, with US$ 2.19 million collected in […]
Read More
S.Korea Contributes US$10M for Demining Project in Three Cambodian Provinces
South Korea has provided US$10 million to Cambodia for the fourth phase of demining projects (2021-2025) in three provinces, according to His Excellency Senior Minister Ly Thuch, First Vice President of the Mine Authority, on March 20, 2023. The project, called Demining for Success, was launched in 2006 and has cleared a total of 322.87 […]
Read More
Cambodia Receives US$31M from Mekong-Lanchang Cooperation
Cambodia has received US$31 million from the Mekong-Lanchang Cooperation (MLC) Special Fund to support 80 development projects, including infrastructure, according to HE Prak Sokhon, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation. In celebration of “Mekong-Lan Chang Cooperation Week 2023”, HE Prak Sokhon stated that the MLC Special Fund has responded to […]
Read More
Cambodia’s Stronger National Budget Reduces Dependence on Foreign Loans for Infrastructure Development, Says PM Hun Sen
Cambodian Prime Minister Samdech Hun Sen has revealed that the country’s strengthened national budget has helped reduce the need for foreign loans for infrastructure development. Speaking at the fourth phase launch of the Public Financial Management Reform Program on March 20, the prime minister stated that in the past, two-thirds of the national budget was […]
Read More
Japan Provides Over US$200K to Build Bridge & Strengthen Chicken Production in Cambodia
The government of Japan has granted a total of US$209,197 for a bridge construction project and a project to strengthen the value chain of Khmer chicken production in Cambodia. The signing ceremony of the grant agreement between HE U Inu Atsushi, Ambassador of Japan to Cambodia, and the representative of the recipient institution took place […]
Read More
Gov’t Invests US$1.34 Billion in Loans, 64% to Infrastructure in 2022
The Cambodian government withdrew US$1.34 billion from concessional loans in 2022, with 64% of the amount being utilised for infrastructure development, according to the Cambodian Public Debt Statistics Bulletin. The funds were allocated to various infrastructure sectors; US$446 million for transportation, US$105 million for energy, US$138 million for irrigation and US$68 million for water […]
Read More
South Korea Loaned Almost US$2bn to Cambodia, US$1.6bn Signed
South Korea has loaned Cambodia almost US$2 billion in concessional loans since 2001, according to discussions between Cambodian Deputy Prime Minister Aun Porn Moniroth and Kim Kyung Hee, Director General of the Ministry of Economy and Finance of South Korea, held on 9 March 2023. The loans have been used to support development projects in […]
Read More
Japan Provides Over US$300k to Support Education & Disabilities Sector in Cambodia
The Government of Japan provides a sum of over US$300,000 to three institutions in Cambodia for the implementation of rural education and rehabilitation programs. This announcement was made following signing of a grant agreement between HE Ou Noo Atsushi, Ambassador of Japan to Cambodia, and representatives of the three beneficiaries on the afternoon of 6 […]
Read More