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ខ្មែរ Investment and Funding
1,175 Construction Projects Approved in Q3 2022
- 28 November 2022
In Q3 of 2022, the government approved a total of 1,175 construction projects, an increase of 147 projects or 14.3% compared to the same period last year, according to the economic and financial statistics bulletin for the third quarter of 2022. Among all projects, residential, villa, industrial, and public construction saw an increase in number except for commercial and tourism construction....
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Total Construction Loans Stand at US$4bn; Real Estate at US$10bn as of Q3 2022
- 28 November 2022
As of the third quarter of 2022, loans provided by banks in the construction sector totalled approximately US$4.28 billion, an increase of 19.1% y-o-y. Meanwhile, credit given to the real estate sector was at around US$10 billion, also up by 34.1% year on year. According to the economic and financial statistics bulletin for the third quarter of 2022, the real estate sector was divided into tw...
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Japan Provides Over US$50m Fund for Multiple Development Projects in Cambodia
- 14 November 2022
The Japanese government has provided grant aid of US$51.3 million to Cambodia for the construction of multiple economic and social development infrastructures. According to a press release from the Ministry of Foreign Affairs and International Cooperation on 12 November. the grant will be allocated to the following projects: Construction of the Cambodian Mine Action Center Training Center ...
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S.Korea President Promises Funds for Arey Ksat Bridge
- 14 November 2022
The President of the Republic of Korea HE Yoon Suk Yeol said that his government will approve the Friendship Bridge project smoothly. He made the remarks in a meeting with Samdech Techo Hun Sen, Prime Minister of Cambodia, on 11 November. In the meeting, HE Yoon Suk Yeol hoped that the Friendship Bridge project will be carried out smoothly and will become South Korea’s biggest cooperation pr...
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Japan provides US$23 million for the expansion of the water supply system in Cambodia
- 14 November 2022
The Japanese government has decided to provide more than US$23 million in grant aid for a project expansion of the Phum Prek Water Supply System in Cambodia. The signing ceremony of the grant was held on November 12 under the presidency of Samdech Techo Hun Sen, Prime Minister of Cambodia, and visiting Japanese Prime Minister HE Kishida Fumio. The project to expand Phum Prek Water Supply Sys...
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Royal Railways Officially Issues US$10 million Bond on CSX
- 31 October 2022
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and HE Hean Sahib, Secretary of State of the Ministry of Econ...
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Gov’t Plans to Borrow 1.7 billion SDR from Partners for 7 Priority Sectors in 2023
- 29 October 2022
In 2023, Cambodia will borrow 1.7 billion SDR (IMF international reserves that can be converted into cash on demand) from its partners, an increase of 100 million SDR compared to the 2022 budget. According to the draft law on finance for management 2023, these loans will be used to develop seven key sectors including energy, irrigation, infrastructure, healthcare, education, agriculture, and ot...
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Gov’t Plans to Spend Approx. US$1.8 billion on Public Investment Projects in 2023
- 29 October 2022
In 2023, the government plans to spend over US$1.8 billion to develop public investment projects, or equivalent to 5.89% of GDP, an increase of 25.2% compared to the 2022 budget. According to the draft law on finance for management in 2023, the expenditure plan will focus on four key areas including: -Construction and rehabilitation of roads, bridges, sewers, and the reconstruction of flood-...
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Japan Helps Modernise Wastewater & Piping Systems in Cambodia
- 27 October 2022
Japan is helping to modernize and enhance the efficiency of wastewater and sewage systems in Cambodia through the Pipe Jacking Method and the WOW to Japan Projects. The Japanese experts shared know-how as well as the aforementioned technologies in a joint technical workshop between Cambodia and Japan on 25 October, led by HE Ros Vanna, Secretary of State of the Ministry of Public Works and Tran...
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ADB provides more than US$ 32m in financing for border welfare
- 20 October 2022
The Asian Development Bank (ADB) has approved $ 32.5 million in financing to improve access to quality health care in Banteay Meanchey, a border province in northwestern Cambodia. This is according to the press release on October 20, 2022, of the Asian Development Bank. This border area is an area where migrants leave and return, as well as a location for job seekers in the province's special e...
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