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ខ្មែរ Uncategorized
Germany Provides Over US$670 million in Financing to Cambodia as of 2021
- 29 September 2022
As of 2021, Germany has provided a total of US$670 million in financing to Cambodia, equivalent to 2.6% of the total funding provided by development partners to Cambodia. The figure was shown during a meeting between Secretary-General of the Cambodian Rehabilitation and Development Board HE Chhieng Yanara and German Ambassador to Cambodia HE Stefan Anton Messerer on 28 September. The German ...
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Four Investment Projects Worth US$23.9m Approved for Sihanoukville & Svay Rieng Provinces
- 29 September 2022
The Council for the Development of Cambodia (CDC) has given permits to four private companies to invest a total of US$23.9 million to establish four factories in Sihanoukville and Svay Rieng province. The first firm is HOME STYLE LIVING CO., LTD, which will invest US$6.6 million to establish a furniture and mattress factory in Sin Bavet Special Economic Zone, Svay Rieng province. The second ...
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Gov’t Establishes Inter-Ministerial Committee for PP-Bavet Expressway Development Project
- 29 September 2022
The Cambodian government has set up an inter-ministerial committee to accelerate the Phnom Penh-Bavet expressway project. According to the statement dated 16 September, the expressway connecting Phnom Penh to Bavet has been proposed for investment by China Road and Bridge Corporation under a basic framework of build-operate transfer. HE Sun Chanthol, Senior Minister, Minister of Public Works...
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MPWT Warns Locals to Stop Breaking Expressway Fencing
- 28 September 2022
The Ministry of Public Works and Transport (MPWT) has warned the locals to stop breaking or cutting barbed razor wire fences along the expressway after finding out many spots have been damaged. During the inspection on 28 September led by MPWT’s Undersecretary of State HE Soeng Sokong, the team found that the locals have been cutting the fence open for commuting both for themselves and their pe...
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Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
- 28 September 2022
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides this current large-scale investment value, anot...
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MPWT: Major Kampot-Veal Renh Road Repairs Expected to Delay to 2024, Lacking Funding
- 27 September 2022
The budget for the deep repair of the ‘forever-damaged' Kampot-Veal Renh road has not yet been approved by China, confirmed Minister of Public Works and Transport HE Sun Chanthol, apologizing that the approval timeline could be in late 2023 or 2024. HE Sun Chanthol said during the expressway inspection on 22 September that the government acknowledged the issue, but there is no budget to take ac...
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WB Projects Cambodia’s GDP Growth at 4.8% in 2022, 5.2% in 2023
- 27 September 2022
Cambodia’s GDP growth is projected to reach 4.8% in 2022. Traditional export-oriented growth drivers—especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture—continue to underpin the economic recovery, according to the World Bank’s forecast. In 2023, economic growth is expected to improve to 5.2%, supported by recovering domestic consumption as...
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ADB Lowers 2023 Cambodia’s Economic Growth Forecast from 6.5% to 6.2%
- 22 September 2022
The Asian Development Bank (ADB) has lowered Cambodia's 2023 economic growth forecast from 6.5% to 6.2% given the slowdown in global growth, according to a recent publication issued on 22 September. Previously, ADB predicted that the Cambodian economy will grow by 6.5% in 2023 and 5.3% in 2022. The factors contributing to the growth are the increase in exports of goods and the flow of fore...
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Gov’t Approves 75 New Non-SEZ Investment Projects Worth US$2.4 billion in H1 2022
- 22 September 2022
From January to June 2022, the Cambodian government approved 75 private investment projects outside of special economic zones (SEZ) with a total investment of US$2.4 billion, an increase of 159.3% compared to the same period in 2021. These newly approved 75 projects created about 62,000 new jobs, an increase of 65.9%, according to a report issued by the Ministry of Economy and Finance. Servi...
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PM Orders MPWT to Prioritise Subway Train in PP & High-Speed Railways
- 22 September 2022
Prime Minister Samdech Hun Sen has ordered the Ministry of Public Works and Transport (MPWT) to speed up the progress of feasibility study and fund seeking for the subway train project in Phnom Penh capital as well as the project to upgrade two existing railways to high-speed lines. According to MPWT Minister HE Sun Chanthol on 21 September, MPWT was ordered to put these two projects on the pri...
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