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Three local firms have been chosen to receive assistance from the Cambodia Sustainable Bond Accelerator programme to pursue their goals of raising a total of roughly $95 million through the sale of green or sustainability bonds, according to a UN Economic and Social Commission for Asia and the Pacific (ESCAP) statement issued on June 26.
The Securities and Exchange Regulator of Cambodia (SERC), Seoul-based Global Green Growth Institute (GGGI), and UN Economic and Social Commission for Asia and the Pacific (ESCAP) have entered into a memorandum of agreement (MoA) to support the Kingdom’s green bond market and zero-carbon ambitions.
Prime Minister Hun Sen’s latest appeal to real-estate developers to build more affordable homes and improve the economic security of low-income households has been met with enthusiasm, but rising land prices have prompted potential investors to call for government incentives to ensure reasonable profit margins.
Prime Minister Hun Sen’s latest appeal to real-estate developers to build more affordable homes and improve the economic security of low-income households has been met with enthusiasm, but rising land prices have prompted potential investors to call for government incentives to ensure reasonable profit margins.
Train operator Royal Railway Plc, a subsidiary of a locally-owned conglomerate Royal Group of Companies Ltd, on December 22 listed the second tranche of its bond on the Cambodia Securities Exchange (CSX) to raise an additional $24 million to finance its domestic railway development projects.