Investment and Funding Archives - Page 20 of 64

ADB Catalyses Cambodia’s Skill Renaissance with US$100m Investment in Industrial & Technological Expertise

Sommana Yan
4 August 2023

In a significant stride towards Cambodia's future workforce empowerment, the Asian Development Bank (ADB) has confirmed a commitment to a US$100 million loan. The strategic infusion is poised to reshape Cambodia's economic trajectory, propelling it towards a vibrant landscape of industry and technology, underpinned by an enriched and skilled labour force. In an official press release on 1 Augus...

Cambodia Achieves Successful Bond Issuance of US$27 Million in H1-2023, Equal to 13.5% of Plan

Sommana Yan
3 August 2023

The Cambodian government has successfully issued bonds worth a total of US$27 million in the first half of 2023. This remarkable achievement signifies a substantial step towards the realisation of the planned US$200 million issuance, according to the release of the Ministry of Information on 31 July 2023. The Ministry of Information's release on 31 July 2023 underscored the significance of this...

Cambodia Attracts Tech Giants: Korean & Chinese Firms Explore Setting Up Advanced Factories

Sommana Yan
1 August 2023

Cambodia's fervent drive to foster technological progress and human resource development in the realm of cutting-edge industries is attracting the attention of major international players from China and South Korea. Diving into a realm of potential, these global giants are earnestly evaluating the feasibility of establishing advanced technology factories within Cambodia, including the pivotal doma...

Australia Grants Over AUD83.6 M to Foster Key Sectors in Cambodia

Sommana Yan
26 July 2023

Australia has extended its support by providing an official development assistance of AUD83.6 million (over US$ 56.5 million). This commitment is aligned with Australia's dedication to enhancing economic and social prosperity in Cambodia and marks a step towards reinforcing the strong bilateral ties between the two nations. The development assistance, as outlined in a letter from Senator the Ho...

FDI in Cambodia Surges to US$45 Billion in Q1 2023

Sommana Yan
15 July 2023

In an impressive display of investor confidence, Cambodia's foreign direct investment (FDI) has soared to over US$45.8 billion in the first quarter of 2023. According to a report from the National Bank of Cambodia, the country has witnessed a steady inflow of capital from major sources including China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, and the United Kingdom. China eme...

Nearly US$1.1 Billion Investment Projects Approved by CDC 1H 2023, Fueling Economic Growth in Cambodia

Sommana Yan
12 July 2023

The Council for the Development of Cambodia (CDC) has greenlit an impressive array of 113 investment projects and expansions in the first half of 2023, boasting a staggering total capital investment of approximately US$1.1 billion. This momentous milestone not only showcases the country's robust investment climate but also signals its steadfast commitment to fostering sustainable economic growth a...

SSEZ: A Vital Link between Cambodia and China in the Belt and Road Framework

Sommana Yan
10 July 2023

The Sihanoukville Special Economic Zone (SSEZ) stands as a monumental achievement, serving as a vital bridge connecting Cambodia and China within the framework of the ambitious Belt and Road Initiative. This collaborative project has not only brought economic prosperity but has also created employment opportunities for tens of thousands of Cambodians. Liu Lianchi, the deputy managing director o...

CICC Unveils Five Transformative Projects to Foster Siem Reap’s Development

Sommana Yan
30 June 2023

The Cambodia International Trade Association (CICC) has recently announced the launch of five groundbreaking projects aimed at driving the growth of Siem Reap province and generating employment opportunities for its residents. This momentous revelation came to light during a meeting between Mr. Johnny Mo, Director of the International Trade Association of Cambodia (CICC), and HE Tea Seiha, Governo...

Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million

Sommana Yan
29 June 2023

The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng Ly J Company's Kouch Educat...

Cambodia Signs Concessional Loans Worth US$488 Million, Bolstering Public Investments for Sustainable Growth

Sommana Yan
22 June 2023

Cambodia's commitment to fostering sustainable economic growth and driving public investments received a significant boost in the first quarter of this year, as the Cambodian government inked new concessional loan agreements with development partners. The total amount of these loans reached an impressive US$488 million, propelling the country's public debt to US$10.23 billion as of March, accordin...