Investment and Funding Archives - Page 21 of 64

Japan Extends Nearly US$200m in Funding for Rural Road Enhancement and Clean Water Expansion in Siem Reap

Sommana Yan
21 June 2023

The Government of Japan has demonstrated its commitment to improving infrastructure and living conditions in Cambodia by granting nearly US$200 million in concessional loans. The official signing ceremony, held on 20th June 2023, marked the exchange of letters and related documents, solidifying Japan's support for rural road enhancement and water supply expansion projects in Siem Reap. One of t...

China Extends US$2 Million Grant to Cambodia for 9 Transformative Projects under Mekong-Lancang Cooperation

Sommana Yan
16 June 2023

China has generously allocated a grant of US$2 million to Cambodia through the Mekong-Lancang Cooperation, empowering the implementation of nine vital projects within the country. This noteworthy financial assistance was extended under the auspices of the Special Fund Agreement for the 2023 Mekong-Lancang Cooperation Project, a testament to the enduring partnership between the two nations. T...

DRF-Mart Set to Unveil Luxurious US$14 Million Supermarket in Bustling Sihanoukville

Sommana Yan
15 June 2023

DRF-MART FA DAO JIA TRADING CO., LTD, a prominent private company, has secured the prestigious investment project registration certificate from the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC). The certificate paves the way for the construction of an opulent US$14 million supermarket in the vibrant city of Sihanoukville. The CDC made the official announcement...

Renaissance Minerals’s Gold Refinery in Mondulkiri Yields Over US$10 Million, Spearheading Cambodia’s Prosperous Gold Industry

Sommana Yan
13 June 2023

In a remarkable feat, Renaissance Minerals (Cambodia) Limited, a prominent gold refiner with a 90% purity rate, has recorded a prodigious production of 6,727.70 kilograms of refined gold, translating into a substantial revenue of US$10,228,239. These impressive figures were revealed during the auspicious visit to the business sites and gold refineries in the O'Khvav area of Keo Seima district,...

Cambodia Securities Exchange Flourishes with Nine Companies Accumulating US$1.8 Billion in Capital

Sommana Yan
2 June 2023

As of the conclusion of the first quarter of 2023, the Cambodia Securities Exchange (CSX) proudly showcases a robust lineup of nine companies, collectively boasting an impressive capitalization of 7.61 trillion riels (equivalent to US$1.88 billion). These figures are derived from the recently published securities trading data bulletin for the first quarter of 2023, highlighting the remarkable grow...

WANLI TIRE, A Giant company from Guangzhou China, Explores Lucrative Investment Prospects in Cambodian Tire Production

Sommana Yan
1 June 2023

In a significant move that could boost Cambodia's manufacturing market, WANLI TIRE CORPORATION LIMITED, a prominent tire manufacturer based in Guangzhou and Hebei, People's Republic of China, has expressed keen interest in investing in tire production within Cambodia. During a meeting held on May 30, 2023, HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee / Cambodian...

Cambodia and UK Forge Strategic Alliance to Elevate Bilateral Trade, Aiming for US$1 Billion Milestone by 2022

Sommana Yan
27 May 2023

In a resounding display of mutual commitment, the Ministry of Commerce of Cambodia and the Ministry of Commerce of the United Kingdom have recently inked a momentous Memorandum of Understanding (MoU). This agreement paves the way for the establishment of a joint trade and investment forum, aimed at expanding bilateral trade between the two nations. Notably, the trade volume between Cambodia and th...

Japan Extends $52.6 Million Loan to Upgrade and Enhance NR5 (Prek Kdam-Thla Mam) Infrastructure

Sommana Yan
24 May 2023

In a significant show of international cooperation, the Japanese Government has granted a substantial loan of 7,205 million yen (equivalent to approximately $52.6 million) to support the implementation of the transformative "NR No. 5 Rehabilitate and Upgrade Project on the Prek Kdam-Thla Mam Road Phase 4." This agreement was solidified through the exchange of letters and related documents, unde...

Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment

Sommana Yan
23 May 2023

The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia's growing appeal as a coveted investment destination. Leading the pack, Chinese direct inve...

Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023

Sommana Yan
16 May 2023

Angkor Wat, the crown jewel of Cambodia's cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed Angkor Institute on 1 May 2023. This stagger...