Investment and Funding
LYP Group to Build New Deep-Sea Port on Over 490ha in Koh Kong
The Koh Kong provincial authority has given the initial green light to Koh Kong SEZ Co., Ltd. of the LYP Group to develop a new deep-sea port in Kirisakor district, while the relevant parties are currently conducting the impact assessment. The initial approval was given by Koh Kong Deputy Governor Ouk Pheaktra during the meeting […]
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Japan to Provide US$13.9 million Grant Aid to Upgrade Sihanoukville Deep Seaport
The Japanese government will provide some US$13.9 million in grant aid to Cambodia, contributing to the development of the Sihanoukville deep seaport. The agreement of the grant aid will be signed on 16 December by Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E Prak Sokhonn and Japanese Ambassador to Cambodia HE […]
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PM Hun Sen Officially Inaugurates US$180-million Hyatt Regency Phnom Penh
The US$180-million Hyatt Regency Phnom Penh invested in by Chip Mong Group was officially inaugurated in the presence of Prime Minister Samdech Hun Sen on Wednesday 15 December. During the ceremony, PM Hun Sen said that this five-star hotel is another achievement for the whole Cambodian society, not just for Chip Mong Group. The hotel […]
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Gov’t Plans New Financing Program for Hotel Businesses to Renovate Their Venues
The Ministry of Economy and Finance plans to provide additional financing packages to tourism and hotel operators so that they can use the capital to rehabilitate, renovate or expand their venues during the reopening period. Speaking at a press conference on 14 December, HE Phan Phalla, Secretary of State of the Ministry of Economy and […]
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PM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction
Prime Minister Samdech Hun Sen has urged local financial institutions to invest in the new Phnom Penh International Airport in Kandal province through the US$300-million guaranteed bond issued by Cambodia Airport Investment Co., Ltd (CAIC). Among the total bond amount, to date, over US$80 million have been issued to many firms such as banks, insurance […]
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ADB Provides US$332 Million Fund to Cambodia to Boost Sustainable Economic Recovery
The Asian Development Bank (ADB) has provided US$332.05 million in financing to Cambodia to support Cambodia’s response to the coronavirus disease (COVID-19), further develop the financial sector, build urban infrastructure, and help improve the road network. The financing package was signed on 8 December by Minister of Economy and Finance HE Aun Pornmoniroth and ADB […]
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Cambodia Hosts Seminar Disseminating New Investment Law for 300 Chinese Investors
The Council for the Development of Cambodia (CDC) yesterday held a seminar to disseminate the new investment law for over 300 Chinese investors and businessmen via an online platform, aiming to attract more investment. During the seminar, CDC also unveiled that as of October 2021, Chinese investment in Cambodia has reached US$27 billion with the […]
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New Investment Law Indirectly Provides Tax Incentives for Construction Sector
Cambodia has recently officially endorsed the new investment law, which provides a wide range of favourable conditions, tax exemption, and non-tax incentives for qualified investment projects (IQP). What is IQP? Are construction companies/projects eligible for incentives? QIP refers to an investment project that has received a registration certificate from the Council for the Development of […]
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Law on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public services at […]
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World Bank, Rural Development Ministry Join Hands Building 250km of Roads in Six Provinces
The Ministry of Rural Development and the Ministry of Economy and Finance have cooperated with the World Bank in building over 250 km of DBST and concrete roads along with other related infrastructure structures in six major provinces. According to a meeting between the Cambodian government and the World Bank representative on Tuesday 23 November, […]
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