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ខ្មែរ Investment and Funding
Korean investors allowed to own 100% share of private companies in Cambodia
- 17 January 2023
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou Myung on 14 January 2023. PM Hun Sen added Cambod...
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Cambodia Receives Over US$4bn FDI in 2022
- 14 January 2023
In 2022, Cambodia received foreign investment inflows worth US$4.6 billion, an increase of 7.5% compared to 2021, according to the report of the Council for the Development of Cambodia. Foreign direct investment (FDI) in the SEZ accounted for 27%, while investments outside the SEZ accounted for 73%. Meanwhile, in 2022, local investors had a total investment of US$2.7 billion (75.7%) while ...
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Over 20,000 Firms Register Through MEF Single Portal System as of 2022
- 10 January 2023
As of early January 2023, 20,809 companies registered their businesses with the Ministry of Economy and Finance Single Portal online system with a total investment capital of US$5.83 billion, according to an announcement by the ministry on 9 January. There were also 13,068 companies on the waiting list, the report added. The five business activities with the largest registered capital incl...
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MLMUPC Earns US$90 Million in Revenue in 2022
- 28 December 2022
In 2022, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) collected a total of approximately KHR367 billion (US$90 million) in revenue, a decrease of 22.26% compared to 2021, according to the ministry's latest report, Within this total, the revenue from the Central Administration was around KHR8 billion while over KHR358 billion was from the Department of Land Manageme...
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Gov’t Approves 3,827 Construction Projects in 2022 Worth US$2.6bn
- 28 December 2022
In 2022, the Cambodian government approved a total of 3,827 construction projects nationwide or equivalent to over 6.5 million square metres, according to a report by the Ministry of Land Management, Urban Planning and Construction on 27 December. Compared to the same period in 2021, the number of projects in 2022 decreased by 98 projects. Meanwhile, the investment value of these projects was ...
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ADB, AFD provide over US$380m to develop six major sectors in Cambodia
- 23 December 2022
The Asian Development Bank (ADB) and the French Agency for Development (AFD) have officially provided US$381.45 million in financing to Cambodia to develop six key sectors. The agreement was signed between the two partners and the Ministry of Economy and Finance on 22 December. The funding for the development of 6 projects and programs includes: _Energy Sector Development Program: In orde...
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World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
- 22 December 2022
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional US$200 million in financing provided to Cambodia in 2021. Ac...
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ASEAN needs US$2 trillion for regional infrastructure connectivity
- 21 December 2022
The ASEAN Community needs at least US$2 trillion in investment from now until 2030 to connect infrastructure in the region. The statement was emphasized by Cambodian Prime Minister Samdech Hun Sen during the ASEAN-EU Anniversary Summit on 14 December. PM Hun Sen stressed that it is important to promote a strong synthesis between the Master Plan on ASEAN Connectivity 2025 and the EU-Asia Stra...
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Japan Provides Fund to Conserve Bayon Temple
- 19 December 2022
The Government of Japan has provided a grant of US$520,847 for the conservation and restoration of the Bayon temple while providing a total of over US$28 million under the JASA project since 1994 for similar purposes. During the 29th Plenary Meeting of the ICC-Angkor, there were also two MoUs signed been Japan and the Apsara Authority. The first MoU is the provision of funds for the conser...
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Gov’t Approves US$99m Loan to EDC to Level Off Electricity Price
- 15 December 2022
In 2023, the Cambodian government will provide a loan in the amount of KHR406,500,000,000 (over US$99 million) to Electricite du Cambodge (EDC) to ensure the stability of electricity prices, according to the Law on Finance for Management 2023. Prime Minister Samdech Hun Sen also recently gave an order that EDC and the Ministry of Mines and Energy must keep the price of electricity stable regar...
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