Investment and Funding
ADB Allocates Over USD 93m to Enhance Rural Water Supply in Nine Cambodian Provinces
The Asian Development Bank (ADB) has approved a comprehensive funding package of USD 93.6 million in loans and grants to expand the rural water supply and sanitation (WASH) infrastructure across nine provinces in Cambodia, aiming to provide climate-resilient and safe water supply to rural communities. This significant development was announced on 02 September 2024. The […]
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Cambodian Gov’t Sets Ambitious USD 13bn Loan Ceiling Over Five Years
The Cambodian government has unveiled a comprehensive public debt management strategy for 2024-2028, setting a borrowing limit of up to US$13.5 billion over the next five years. This strategic plan outlines annual borrowing from financial institutions and foreign development partners, ranging between US$2.3 billion and US$2.7 billion. According to the new strategy, while the government […]
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Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
The Chaosan Chinese Business Association has proposed the establishment of a new Special Economic Zone (SEZ) on a 32-hectare site in Bati district, Takeo province, with the primary objective of creating job opportunities for the local population. This initiative was discussed during a meeting between HE Vy Samnang, the Governor of Takeo Province, and Mr. […]
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Laos Launches Gold Bank to Strengthen Financial Stability & Support Lao Kip
Laos is set to launch its first Gold Bank next month, an initiative aimed at bolstering gold reserves and enhancing the financial stability of the Lao Kip. The establishment of the “Lao Bullion Bank” is a result of a recent agreement between the Lao Ministry of Finance and PTL Holding Co., Ltd., with the full […]
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India Secures Fifth Spot in Asia Pacific Real Estate with US$3bn in Cross-Border Investments
India has emerged as the fifth largest recipient of cross-border real estate investments in the Asia Pacific region, attracting US$3 billion in the first half of 2024. This substantial inflow of global capital, constituting 9% of the region’s total investment volume, underscores India’s growing prominence in the international real estate market, according to Businesstoday, published […]
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Cambodian Gov’t Secures US$438m in Grants & Concessional Loans for 13 Development Projects in H1 2024
In the first half of 2024, the Cambodian government secured US$438 million in grants and concessional loans to finance 13 critical development projects and programs. This substantial funding includes nine grant agreements amounting to US$124 million, alongside four concessional loan agreements totalling approximately US$313 million. The Ministry of Economy and Finance reported that these funds […]
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ASEAN FDI Soars to US$224bn, Cambodia Captures US$3.96bn Ranking 7th
ASEAN’s attractiveness as a stable, rapidly growing market has propelled foreign direct investment (FDI) inflows to unprecedented heights, with the region securing an all-time high of US$224 billion in 2022. This investment surge, driven by ASEAN’s burgeoning population and increasing income levels, is also a result of the region’s strategic advantage as a key recipient […]
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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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