Investment and Funding
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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Japan provides US$23 million for the expansion of the water supply system in Cambodia
The Japanese government has decided to provide more than US$23 million in grant aid for a project expansion of the Phum Prek Water Supply System in Cambodia. The signing ceremony of the grant was held on November 12 under the presidency of Samdech Techo Hun Sen, Prime Minister of Cambodia, and visiting Japanese Prime Minister […]
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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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Gov’t Plans to Borrow 1.7 billion SDR from Partners for 7 Priority Sectors in 2023
In 2023, Cambodia will borrow 1.7 billion SDR (IMF international reserves that can be converted into cash on demand) from its partners, an increase of 100 million SDR compared to the 2022 budget. According to the draft law on finance for management 2023, these loans will be used to develop seven key sectors including energy, […]
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Gov’t Plans to Spend Approx. US$1.8 billion on Public Investment Projects in 2023
In 2023, the government plans to spend over US$1.8 billion to develop public investment projects, or equivalent to 5.89% of GDP, an increase of 25.2% compared to the 2022 budget. According to the draft law on finance for management in 2023, the expenditure plan will focus on four key areas including: -Construction and rehabilitation of […]
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