China Datang Corp. Pledges Monumental US$600m Injection to Cambodia’s Power Development

In a significant development that promises to reshape Cambodia's energy landscape, China Datang Corporation Ltd. has committed to a staggering US$600 million increase in its existing investments in Cambodia's energy sector. This announcement emerged during a pivotal meeting at the "Third Belt and Road" forum held in Beijing on 16 October 2023. Samdech Hun Manet Prime Minister of Cambodia conven...

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KOICA Gifts 15 Ambulances to Cambodia to Address Nationwide Healthcare Needs

The Korea International Cooperation Agency (KOICA) has generously bestowed Cambodia with 15 ambulances, fortifying the country's capacity to respond to medical emergencies across its diverse landscape. The solemn handover ceremony, held on 13 October 2023, was hosted by HE Professor Chheang Ra, Cambodia's Minister of Health, and attended by His Excellency PARK Jung-Wook, the Republic of Korea's...

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Cambodia Attracts 191 Projects Worth Over US$3.7 Billion in 9 Months

In a significant boost to Cambodia's economic prospects, the Council for the Development of Cambodia has given the green light to 191 fresh production expansion and investment projects in the first three quarters of 2023, marking an increase from the 150 recorded during the same period the previous year. These collective production expansion and investment endeavours have injected a substantial...

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Angkor Wat Attracts Record Revenue of US$24m in First Nine Months of 2023

In a remarkable testament to Cambodia's enduring appeal as a tourist destination, the iconic Angkor Wat temple complex has generated an impressive US$24,955,397 in revenue during the first nine months of 2023. This revenue was derived from ticket sales to the Angkor complex, drawing the admiration of 539,561 foreign tourists. The surge reflects a remarkable 365.42% increase compared to the same pe...

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Cambodia Receives US$43m Boost from AIIB to Expand Cross-Border Animal Trade

The Cambodian government and the Asian Infrastructure Investment Bank (AIIB) have solidified their commitment to fostering cross-border animal trade and elevating the animal value chain infrastructure in Cambodia. This strategic partnership is marked by a co-financing agreement worth US$43 million, aimed at catalysing sustainable growth and development. The agreement was formally inked during t...

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ADB Commits US$140M to Bolster Industrial Skills & Public Service Decentralisation in Cambodia

The Asian Development Bank (ADB) has reaffirmed its commitment to Cambodia's development with a substantial US$140 million loan agreement, signifying a pivotal step in enhancing the nation's industrial skills and streamlining public services. This agreement, inked on 26 September 2023, by HE Dr. Aun Porn Moniroth, Cambodia's Deputy Prime Minister and Minister of Economy and Finance, and HE Jyotsan...

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Japan Commits US$430 Million to Transform Sihanoukville Port into ASEAN’s Largest by 2028

The Japanese government has pledged a substantial investment of US$430 million for the expansion and enhancement of Sihanoukville port. This transformative endeavour, set to be realised by 2028, aspires to position Sihanoukville as "the largest port in ASEAN." This announcement was made by HE Ueno Atsushi, the new Ambassador of Japan to the Kingdom of Cambodia. He emphasised Japan's unwavering ...

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Cambodia’s Gold Refineries Shine: 8 tons of Gold Ore Processed, Generating US$13 Million in Royalties

In a glittering testament to Cambodia's burgeoning gold industry, six prominent companies engaged in gold refinery production have collectively processed a remarkable 8,334 kilograms of gold ore as of 25 September 2023. According to a report released by the Ministry of Mines and Energy, the grand total equates to an impressive 922 gold bars, reflecting the relentless efforts of these companies ...

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Chinese Giant DANONG Partners with Four Firms to Cultivate Cambodia’s Agricultural Potential

DANONG Agricultural Development Group, a major Chinese company, has inked agreements with four strategic partners for substantial agricultural investments in Cambodia. The signing ceremony took place on 12 September 12023. The esteemed collaborators joining forces with DANONG are the Cambodia Agriculture Cooperative Alliance (CACA), Agri Bank Construction Land, Panagri International Farm Co., L...

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Gov’t Inks Concessional Loan Deals Worth US$780 Million in H1 2023

In a testament to Cambodia's continued economic development and collaboration with international partners, the government has successfully secured concessional loan agreements amounting to a total of US$787.5 million in the first half of this year. This impressive figure represents a substantial year-on-year increase of 24%. According to a report released by the Ministry of Economy and Finance ...

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