Investment and Funding
Cambodia Collects Nearly US$3bn in Tax Revenue in H1 2024, Reaching 46% of Annual Target
In the first half of 2024, the Cambodian government collected an impressive US$2.909 billion in tax revenue, achieving 46% of the annual target set for the year. According to a report by the Ministry of Economy and Finance on the implementation of the 2024 budget, customs revenue contributed over US$1.2 billion, or 44% of the […]
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Korea Commits US$3m to Preserve Tuol Sleng Museum Over Five Years
The Korea International Cooperation Agency (KOICA) has officially donated US$3 million to support the preservation of the Tuol Sleng Genocide Museum in Cambodia over the next five years. This significant contribution will fund the second phase of the “Tuol Sleng Genocide Museum Conservation and Copy Project (Phase 2),” running from 2024 to 2028. The project […]
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LSCG Group Announces US$168m Investment to Revive Stalled Developments in Sihanoukville
LSCG Group, under the leadership of CEO Ly Sokchhay, has announced a substantial US$168 million investment to develop stalled buildings in Sihanoukville. This investment is part of a joint venture with companies from the United States and Singapore, aimed at revitalising key real estate projects in the city. The announcement follows years of strategic meetings […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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Cambodia Issues Over US$60m in State Securities in First Half of 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were […]
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Korea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027
The Republic of Korea has pledged to increase its financial contribution to the Mekong-Republic of Korea Cooperation Fund to US$10 million by 2027, aiming to bolster sustainable development and environmental protection in the Mekong subregion. This commitment was announced in a press release on 28 July 2024. During the 12th Meeting of the Foreign Ministers […]
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
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Cambodia National Bank Reports Loan Disbursement to Real Estate & Construction Continues to Surge
Loan disbursement from banking institutions to the construction and real estate sectors continues to grow significantly, with the sectors projected to see slow growth in 2024. As of the first half of 2024, loans to real estate trading activities reached US$5,996 million, accounting for 11.3% of the total outstanding loan amount of US$52.8 billion. This […]
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Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan […]
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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn
By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In […]
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