Investment and Funding
Japan’s Noble Initiative: US$1.3 Million Boost to Cambodian Demining Projects in Two Provinces
In a benevolent gesture, the Government of Japan has extended a generous grant of US$1,390,117 to the Japan Mine Action Organisation (JMAS) in Cambodia, marking a pivotal step towards fostering safety and reconstruction. The signing ceremony for this grant, dedicated to demining initiatives, took place on 19 December 2023. During the ceremony, HE Ou Nou […]
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Building Bridges of Progress: Europe’s 30-Year Investment Surpasses US$1.4 Billion in Cambodia’s Key Sectors
In an enduring partnership spanning three decades, the European Union has been a steadfast supporter of Cambodia’s development, injecting over US$1.4 billion from 1992 to 2022 into crucial sectors. The Council for the Development of Cambodia, in a press release dated 12 December 2023, revealed that this substantial cooperation financing, constituting 4.9% of all support […]
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Cambodian Gov’t Not Yet Approved Vietnam’s Proposal for Importing 2,500 Electric Taxis
Vingroup, the prominent Vietnamese conglomerate, has sought approval from the Cambodian government to initiate a groundbreaking project involving the deployment of 2,500 electric taxis in key cities such as Phnom Penh, Siem Reap, and Sihanoukville. However, the proposal has not yet been approved by Cambodian Prime Minister Samdech Hun Manet, as revealed by the press […]
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Cambodia Inks Concessional Loans Worth US$1 Billion With Development Partners Amidst a 17% Dip
In the initial nine months of 2023, the Royal Government of Cambodia demonstrated strategic financial prowess by securing new concessional loan agreements with development partners, totaling a significant US$1 billion. This accomplishment, outlined in the Cambodian Public Debt Statistics Bulletin by the Ministry of Economy and Finance, reflects a tactical utilization of financial resources, constituting […]
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Japan Extends Generous Grant of US$300,000 to Safeguard Historic Sambor Prei Kuk Resort
In a gesture of cultural preservation, the Government of Japan has announced a generous grant of US$300,000 to Cambodia for the enhancement and rehabilitation of the Sambor Prei Kuk resort in Kampong Thom province. A press release from the Embassy of Japan in Cambodia on 12 December 2023, highlighted Japan’s commitment to supporting the “Human […]
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Okhna Pung Kheav Se Leads 74 CCA Members and 133 Companies Organising Cam-International Construction Exhibition
In a spectacular celebration of milestones, the Cambodian Construction Association (CCA) illuminated its 13th anniversary with the grand event, “Summit on Annual Progress Report and Inauguration of Cambodia-International Construction Industry Exhibition.” Held at the prestigious Koh Pich Conference Hall from 6-8 December 2023, the gala was presided over by HE Para Mangol, Secretary of State, […]
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Angkor Wat Rakes in Over US$32 Million in Ticket Sales in 11 Months Amidst Surging Tourist Numbers
In a spectacular achievement for Cambodia, the first 11 months of 2023 witnessed an impressive revenue of US$32,546,847 from the sale of Angkor tickets to nearly 700,000 foreign tourists. Revealed in a recent report by the Angkor Institute on 1 December 2023, this remarkable figure signifies a remarkable surge of 261.12% compared to the same […]
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ADB Fuels Cambodia’s Fiscal Evolution with a US$50m Boost
The Asian Development Bank (ADB) takes a significant stride in fortifying Cambodia’s financial landscape, greenlighting a substantial US$50 million loan to bolster the nation’s public financial management (PFM) system, encompassing public investment. This noteworthy development is illuminated in an official ADB press release. Jyotsana Varma, ADB Country Director for Cambodia, underscores the pivotal role of […]
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World Bank’s Sustainable Move: US$163m Pledged for Water & Sanitation Advancements in Four Cambodian Provinces
In a landmark decision, the World Bank has greenlit a groundbreaking US$163 million initiative aimed at fortifying water and sanitation services across four pivotal provinces in Cambodia—Battambang, Pursat, Mondulkiri, and Kandal. This transformative project, spanning six years, is poised to directly impact over 175,000 individuals, primarily benefiting the marginalised and underserved populations in rural areas. […]
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Japan’s Extends Over US$250K Grant Fuels Vital Projects in Prey Veng & Siem Reap
In a demonstration of unwavering friendship and commitment to fostering better living conditions, the Government of Japan has granted a sum of US$252,136 for two pivotal projects in Cambodia. This significant financial aid encompasses the construction of housing and equipment installations at the Prey Veng Provincial Rehabilitation Centre and the procurement of essential medical equipment […]
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