Cambodia plans to spend over US$100mil on subsidies by 2021

Cambodia plans to spend more than US$100 million (RM417 million) on subsidies by 2021 to reduce electricity tariffs and spur economic growth.

The move is also to relieve the financial burden of businesses and households.

Cambodian utility company Electricite du Cambodge (EdC) director general Keo Ratanak told The Phnom Penh Post that the government had already spent some US$95 million (RM396 million) to reduce tariffs this year.

In full: https://www.nst.com.my/world/region/2019/12/543937/cambodia-plans-spend-over-us100mil-subsidies-2021

© 2019, All rights reserved.