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ខ្មែរ Economy and Finance
Gov’t boosts cement plant investment to meet growing demand
- 30 December 2022
Cambodian Prime Minister Samdech Hun Sen stated that there is a high demand for cement in Cambodia, which requires additional investment, while the five cement factories produce about 9 million tons per year. During the groundbreaking ceremony for the reconstruction and upgrading of two roads in Kampot and Kep provinces on 30 December, PM Hun Sen said that Cambodia currently produces about 9 m...
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Royal Railway Launches Second Bond Sale Worth US$20 Million
- 23 December 2022
Royal Railway has issued an additional US$24 million bond to the public, scheduled for listing on 29 December on the Cambodia Securities Exchange, according to a press conference on 22 December. This is the second time that the firm has issued bonds after the first US$10 million was sold. (Read more) According to HE Sou Socheat, the Royal Government Delegate in charge of the Director Genera...
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World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
- 22 December 2022
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional US$200 million in financing provided to Cambodia in 2021. Ac...
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
- 19 December 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 Trust Law is enforced to set out rules ...
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Cambodia Raises US$10 million Fund from Government Bond
- 13 December 2022
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank of Cambodia (NBC) issued the first gov...
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PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
- 13 December 2022
Cambodian Prime Minister Samdech Hun Sen has ordered Electricite du Cambodge (EDC) and the Ministry of Mines and Energy to keep electricity prices stable and as low as possible while warning private companies not to increase oil prices arbitrarily. PM Hun Sen gave the statement during the ASEAN Summit - European Union (EU) in Brussels, Belgium on 12 December 2022. At the same time, PM Hun...
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WB: Cambodia’s economic growth forecast for 2022 remains at 4.8%
- 8 December 2022
World Bank has projected that Cambodia’s real GDP growth for 2022 will remain at 4.8% as previously forecasted due to the positive increase of exports of garment and non-garment products, especially the arrivals of foreign tourists. The forecast is based on Cambodia's Economic Updates on Navigating Global Economic Headwinds issued on 7 December. The surge in manufacturing exports—especial...
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Gov’t to Inject More US$100m Fund to SME Banks
- 7 December 2022
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 of Cambodia will inject an additional budget of US$100 million to provide loans ...
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Single Portal Registers Almost 20,000 Companies
- 23 November 2022
The government’s Online Business Registration System, a single portal, has registered nearly 20,000 companies with an investment capital of about US$5.51 billion as of mid-November this year. Among all investments, construction shares US$963 billion while real estate is at US$634 billion according to the report of the Ministry of Economy and Finance. According to the report, there are more t...
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KH, VN Agree on Multiple Deals Boosting Cross-Border Infrastructure & Transport Systems
- 11 November 2022
Cambodia and Vietnam have discussed multiple matters aiming to strengthen cross-nation infrastructure and transport sectors. During a bilateral meeting between the Minister of Public Works and Transport of Cambodia and the Minister of Transport of the Socialist Republic of Vietnam on 8 November, five major topics were discussed including: 1) Cross-border Transportation: The two parties si...
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