China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
Cambodia imports USD505 million worth of iron and steel in ten-month period
Cambodia imported USD505 million worth of iron and steel products during the first ten months of 2024, marking a 65 percent increase from USD305 million in the same period the previous year. According to figures from the General Department of Customs and Excise of Cambodia (GDCE), imports of iron and steel in October 2024 reached […]
Phnom Penh Autonomous Port Sees Record Container Traffic in 2024
In a remarkable achievement, the Phnom Penh Autonomous Port reported receiving over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months of 2024, marking a nearly 20% increase compared to the same period last year. This significant growth reflects the port’s continuous expansion and increasing role in Cambodia’s logistics sector. According to […]
French Luxury Brand Metal Jewelry Opens New Factory in Cambodia, Boosting Local Industry and Jobs
Metal Jewelry Cambodia, a renowned French jewelry brand, officially opened its production and assembly factory for metal and plastic jewelry on 9 November 2024. The inauguration, led by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, marks a major milestone following the company’s investment permit approval in June 2023. HE Chea Vuthy emphasized […]
Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth
Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialised real estate […]
Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment
Chinese tyre manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tyre factory. This key decision was highlighted during discussions held between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PMHun Manet at the 8th Greater Mekong […]