LSCG Group Announces US$168m Investment to Revive Stalled Developments in Sihanoukville

LSCG Group, under the leadership of CEO Ly Sokchhay, has announced a substantial US$168 million investment to develop stalled buildings in Sihanoukville. This investment is part of a joint venture with companies from the United States and Singapore, aimed at revitalising key real estate projects in the city. The announcement follows years of strategic meetings with Sihanoukville's management an...

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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 1,000 golden visas by the end of this year, as reported by...

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Cambodia Issues Over US$60m 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 issued for 32 billion R...

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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 of the Mekong and the Republic of Kore...

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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 of Golden Port SE...

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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 marks a 25.1% increase compared to the sam...

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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 agreement, specifically: Hu...

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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn

By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In the first quarter of 2024, Cambodia settled US$181.55 million in tot...

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SME Bank Lends US$500m to 3,400 Enterprises in 2023

In 2023, the Small and Medium Enterprise Bank of Cambodia (SME Bank) disbursed loans totalling US$500 million to 3,400 small and medium enterprises, according to a report by the Ministry of Information on 4 July 2024. The SME Bank's report highlighted that the lending was facilitated through two mechanisms: direct financing projects and co-financing projects in collaboration with participating ...

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Philippine Investors Eye Expanding Investment Horizons in Cambodia’s Priority Sectors

Philippine investors are exploring new opportunities in Cambodia's construction and priority sectors, with full ownership in rice production being highlighted as a significant potential investment area. This strategic interest was discussed during a meeting on 8 July 2024 between Samdech Techo Hun Sen, President of the Senate of Cambodia, and Mrs. Flerida Ann Camille P. Mayo, Ambassador of the Phi...

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