WB grants USD80 million to develop the education sector and renovate 147 laboratories in Cambodia
The World Bank has approved USD80 million in financing to improve the quality of education and research at the tertiary level in Cambodia. The funding will renovate 147 laboratories and support nine public higher education institutions over six years. The project aims to train students, particularly focusing on female students and those with disabilities, and […]
Cambodian Gov’t Secures Over USD 313 Million in Concessional Loans to Boost Public Investment
The Cambodian government signed new concessional loans totalling USD 313 million with development partners in the first half of 2024, bringing the nation’s public debt to USD 11.27 billion. The Ministry of Economy and Finance recently reported that these new loans, equating to 14% of the legally permitted ceiling, will fund vital public investment projects […]
Germany Provides USD 3.12 Million for Cambodia’s Demining Operations in Two Provinces
Germany has granted USD 3.12 million to support Cambodia’s demining operations in Banteay Meanchey and Oddar Meanchey provinces. The funds, allocated through the Norwegian People’s Aid (NPA), were announced during a meeting on 4 September 2024 between HE Heng Ratana, head of CMAC, and Mr Hans Risser, NPA President in Cambodia. The grant, covering a […]
South Korea’s Mugungwha Trust Targets Investment in Cambodia’s Expanding Trust Sector
Mugungwha Trust Co., Ltd., a leading South Korean trust company, has announced plans to invest in Cambodia’s trust sector, aiming to contribute to the country’s economic growth and sector expansion. The company’s President, Mr. Oh Chang-seok, expressed this commitment during a meeting with Samdech Techo Hun Sen on 10 September 2024 in Seoul, Republic of […]
Cambodia Secures USD 2m in Special Funds from Mekong-Lanchang Cooperation for 2024 Development Projects
Cambodia has been granted a USD 2 million special fund from the 2024 Mekong-Lanchang Cooperation (MLC) to support the development of eight strategic projects, according to a press release issued by the Ministry of Foreign Affairs and International Cooperation on 3 September 2024. These projects span critical sectors such as tourism, demining, agriculture, rural development, […]
Kratie Celebrates the Official Opening of its First USD 140 Million Tyre Factory
Cambodia’s first-ever tyre factory, Newbustar (Cambodia) Tire Co., Ltd., with an investment of USD 140 million, officially opened its doors in the UBE Snuol Special Economic Zone, Kratie province, as per the Cambodia Development Advisor’s press release on 6 September 2024. The factory, spanning a 40-hectare site, began operations in May 2023, marking a major […]