Investment and Funding Archives - Page 19 of 64

Cambodia’s Angkor Wat Ticket Sales Soar, Generating Over US$23 Million in Just Eight Months

Sommana Yan
5 September 2023

Cambodia has raked in an impressive US$23,091,931 in revenue from Angkor Wat ticket sales during the first eight months of 2023, drawing 498,513 foreign tourists, according to a report released by the Angkor Institute. This marks a staggering 419.58% increase compared to the same period in 2022. In August 2023 alone, the Angkor Institution reported US$2,774,586 in revenue from the sale of 59,14...

New PM Dr Hun Manet Advocates for Workplace Nurseries & Kindergartens to Support Cambodian Workers

Sommana Yan
4 September 2023

Cambodia's new Prime Minister, HE Dr Hun Manet, has proposed the establishment of community nurseries and kindergartens in close proximity to factories. This visionary move would facilitate working parents to ensure their children receive proper care and early education. HE Dr Hun Manet made the recommendation while addressing over 18,000 factory workers in Takhmao city, Kandal province, on 1 S...

India Donates Over US$400K to Clear More Than 1 Million Square Metres of Landmines in Koh Kong

Sommana Yan
1 September 2023

In a generous display of solidarity, the Government of the Republic of India has extended a helping hand to Cambodia, offering crucial assistance amounting to US$426,709 for demining efforts across four districts in Koh Kong province. The commitment was enshrined during the signing ceremony of a Memorandum of Understanding (MoU) for the "All Mine Village Project in Koh Kong Province" on 31 August ...

US grants US$450,000 to continue conservation of Phnom Bakheng temple

Sommana Yan
31 August 2023

The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of this Memorandum of Understanding is a continuation of the ne...

CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces

Sommana Yan
28 August 2023

The Board of Investment of Cambodia, operating under the CDC, has given the green light to a number of companies to establish a five-star hotel in the heart of Phnom Penh and to set up a series of expansive factories across the nation, strategic investments totaling US$167.9 million. This surge in investment is poised to not only invigorate Cambodia's economy but also create a staggering 22,788 em...

E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year

Sommana Yan
28 August 2023

The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first quarter of 2024. With an ambitious vision, the company is steadfastly cha...

EU Reaffirms US$1.5 Billion to Catalyse Cambodia’s Development

Sommana Yan
18 August 2023

The European Union (EU) has reaffirmed its unwavering dedication to Cambodia's advancement, earmarking an impressive Euro 1.43 billion (equivalent to US$1.5 billion) for pivotal developmental pursuits which was announced in a Ministry of Foreign Affairs and International Cooperation press release on 16 August 2023. This substantial financial commitment takes centre stage in the Common European ...

Thailand Exploring Investment Prospects & Collaborative Ventures Across Three Cambodian Locations

Sommana Yan
16 August 2023

A high-level delegation from the Thai Chamber of Commerce has embarked on a comprehensive exploration of three strategic special economic zones within Cambodia. This concerted effort seeks to unravel the rich tapestry of trade, investment, and partnership opportunities, poised to contribute an estimated US$2 billion to the economic landscape. The announcement follows a significant meeting between ...

Cambodia’s Ambitious Climate Agenda Requires US$7.8 Billion for Implementation

Sommana Yan
12 August 2023

Cambodia has set its sights on robust climate change protection, with a financial requirement of approximately US$7.8 billion to realize its commitments under the United Nations Framework Convention on Climate Change (Nationally Determined Contribution: NDC). HE Tin Ponlok, a key advocate for Cambodia's environmental priorities, emphasized this need during a productive bilateral working meeting wi...

NPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces

Sommana Yan
5 August 2023

Norwegian People's Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus behind this exceptional partnershi...