Investment and Funding Archives - Page 24 of 64

Cambodia’s Stronger National Budget Reduces Dependence on Foreign Loans for Infrastructure Development, Says PM Hun Sen

Sommana Yan
21 March 2023

Cambodian Prime Minister Samdech Hun Sen has revealed that the country's strengthened national budget has helped reduce the need for foreign loans for infrastructure development. Speaking at the fourth phase launch of the Public Financial Management Reform Program on March 20, the prime minister stated that in the past, two-thirds of the national budget was funded by foreign financial aid resou...

Japan Provides Over US$200K to Build Bridge & Strengthen Chicken Production in Cambodia

Sommana Yan
15 March 2023

The government of Japan has granted a total of US$209,197 for a bridge construction project and a project to strengthen the value chain of Khmer chicken production in Cambodia. The signing ceremony of the grant agreement between HE U Inu Atsushi, Ambassador of Japan to Cambodia, and the representative of the recipient institution took place on 14 March 2023. The Grants for Small-Scale Human Se...

Gov’t Invests US$1.34 Billion in Loans, 64% to Infrastructure in 2022

Sommana Yan
14 March 2023

The Cambodian government withdrew US$1.34 billion from concessional loans in 2022, with 64% of the amount being utilised for infrastructure development, according to the Cambodian Public Debt Statistics Bulletin. The funds were allocated to various infrastructure sectors; US$446 million for transportation, US$105 million for energy, US$138 million for irrigation and US$68 million for water su...

South Korea Loaned Almost US$2bn to Cambodia, US$1.6bn Signed

Sommana Yan
10 March 2023

South Korea has loaned Cambodia almost US$2 billion in concessional loans since 2001, according to discussions between Cambodian Deputy Prime Minister Aun Porn Moniroth and Kim Kyung Hee, Director General of the Ministry of Economy and Finance of South Korea, held on 9 March 2023. The loans have been used to support development projects in key priority areas, including transportation, educatio...

Japan Provides Over US$300k to Support Education & Disabilities Sector in Cambodia

Sommana Yan
7 March 2023

The Government of Japan provides a sum of over US$300,000 to three institutions in Cambodia for the implementation of rural education and rehabilitation programs. This announcement was made following signing of a grant agreement between HE Ou Noo Atsushi, Ambassador of Japan to Cambodia, and representatives of the three beneficiaries on the afternoon of 6 March. Under the terms of the agreem...

US Pledges to Attract More US Investors to Cambodia

Sommana Yan
6 March 2023

Six major US companies have expressed their commitment to help attract more US investors to Cambodia during a meeting with HE Senior Minister Sun Chanthol, Minister of Public Works and Transport, and the delegation of the US-ASEAN Business Council. The companies include ConocoPhillips, Ford (RMA Group), Pfizer, Visa, and Vriens & Partners. The meeting was held to discuss and exchange views ...

Trusts Register with Total Capital of US$730m as of February 2023

Sommana Yan
5 March 2023

Cambodia's Trust Regulator (TR) has reported that 492 trusts have been registered as of 23 February 2023, with a combined capital of US$735 million. The Commercial Trust sector has the largest number of trusts, accounting for 66% of the total registered capital at US$492 million, followed by Financial Trust at US$174 million and Public Trust at US$64 million. According to HE Sok Dara, TR Direct...

In Four Months, PP-SHV Expressway Generated Almost US$11 Million

Sommana Yan
1 March 2023

The Phnom Penh-Sihanoukville Expressway earned almost US$11 million in the first four months since the start of traffic charging on 1 November 2022 to 28 February 2023, according to the Ministry of Public Works and Transport. The ministry further announced that it is continuing to work with operators to enhance the provision of expressway services and address any issues that may arise, aiming t...

ADB Provides US$10m Loan to CP Bank for Boosting SMEs in Cambodia

Sommana Yan
14 February 2023

The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan agreement of US$10 million to support the recovery of micro, small, and medium-sized enterprises (MSMEs) in Cambodia from the COVID-19 pandemic by expanding their access to finance. At least 50% of the proceeds are marked to finance MSMEs led by women. “Improving MSMEs’ access to working capital and longer-ter...

Gov’t Urges Establishment of More Waste-Processing Plants

Sommana Yan
12 February 2023

Secretary of State and spokesperson of the Ministry of Environment HE Neth Pheaktra has encouraged the private sector to establish more waste processing plants in Cambodia, as each year Cambodia produces more than 4 million tons of waste. HE Neth Pheaktra said on 9 February that recycling waste will help contribute to reducing the impact on the environment and build a sustainable community. ...