Indonesia Attracts US$ 123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$ 123 million in foreign investment within its first year. This initiative, launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach […]
Cambodia Issues Over $60 Million in State Securities in First Half of 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were […]
Korea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027
The Republic of Korea has pledged to increase its financial contribution to the Mekong-Republic of Korea Cooperation Fund to US$10 million by 2027, aiming to bolster sustainable development and environmental protection in the Mekong subregion. This commitment was announced in a press release on 28 July 2024. During the 12th Meeting of the Foreign Ministers […]
Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
Cambodia National Bank Reports Loan Disbursement to Real Estate & Construction Continues to Surge
Loan disbursement from banking institutions to the construction and real estate sectors continues to grow significantly, with the sectors projected to see slow growth in 2024. As of the first half of 2024, loans to real estate trading activities reached US$5,996 million, accounting for 11.3% of the total outstanding loan amount of US$52.8 billion. This […]
Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan […]