Investment and Funding
S. Korea Provides US$70m Concession Loan for Grid System Enhancement in Cambodia
The South Korean government has provided US$70 million in a concession loan for a grid system improvement project in Preah Sihanoukville province. The loan agreement was signed on December 9 by HE Aun Pornmonyroth, Deputy Prime Minister and Minister of Economy and Finance and Ms Minnie Chey, Country Director of Korea Economic Development Cooperation Fund […]
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S. Korea Provides US$2bn Loan to Cambodia for Key Infrastructure Development
The Government of the Republic of Korea has provided concessional loans of nearly US$2 billion to build two key infrastructures and boost the overall economy. The signing ceremony took place on 9 December with Cambodian Prime Minister Samdech Hun Sen. One part of the loan worth US$245,909,000 will be used for the construction of the […]
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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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Japan to Help Build bridge, Irrigation System Two Major Cambodia’s Provinces
Japan has provided a grant of US$186,856 for the construction of bridges and the rehabilitation of irrigation systems in the Kampong Speu and Kampong Cham provinces. The grant agreement signing ceremony was held on 5 December with the presence of the Minister/Deputy Chief of Mission of the Embassy of Japan to Cambodia Taninai Ichitomo and […]
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Japan to Build More Schools in Battambang & Koh Kong
The Government of Japan has agreed to provide a grant of US$171,641 for the construction of kindergartens in Battambang and Koh Kong provinces. The grant agreement was signed on 1 December. Under this agreement, Japan will help build a study building at a kindergarten in Battambang province and another studying building at Tani Secondary School […]
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National Assembly Approves Draft Budget for 2023
The National Assembly on Tuesday approved the draft budget law 2023 under the chairmanship of Kittisethabindit Cheam Yeap, Acting President of the National Assembly. According to the draft law of budget bill 2023, the government plans to spend 39,206,205 million riels, equivalent to US$9.6 billion, equivalent to 29.87% of GDP, an increase of 13% compared […]
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1,175 Construction Projects Approved in Q3 2022
In Q3 of 2022, the government approved a total of 1,175 construction projects, an increase of 147 projects or 14.3% compared to the same period last year, according to the economic and financial statistics bulletin for the third quarter of 2022. Among all projects, residential, villa, industrial, and public construction saw an increase in number […]
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Total Construction Loans Stand at US$4bn; Real Estate at US$10bn as of Q3 2022
As of the third quarter of 2022, loans provided by banks in the construction sector totalled approximately US$4.28 billion, an increase of 19.1% y-o-y. Meanwhile, credit given to the real estate sector was at around US$10 billion, also up by 34.1% year on year. According to the economic and financial statistics bulletin for the third […]
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Japan Provides Over US$50m Fund for Multiple Development Projects in Cambodia
The Japanese government has provided grant aid of US$51.3 million to Cambodia for the construction of multiple economic and social development infrastructures. According to a press release from the Ministry of Foreign Affairs and International Cooperation on 12 November. the grant will be allocated to the following projects: Construction of the Cambodian Mine Action Center […]
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S.Korea President Promises Funds for Arey Ksat Bridge
The President of the Republic of Korea HE Yoon Suk Yeol said that his government will approve the Friendship Bridge project smoothly. He made the remarks in a meeting with Samdech Techo Hun Sen, Prime Minister of Cambodia, on 11 November. In the meeting, HE Yoon Suk Yeol hoped that the Friendship Bridge project will […]
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