JCER Warns of Impending Real Estate Crisis Impacting China & 17 Other Countries by 2027
Amidst mounting concerns over China’s real estate market, the Japan Centre for Economic Research (JCER) has sounded an alarm, cautioning that a potential burst of the property bubble could severely impede the nation’s economic growth. The repercussions of Beijing’s response to the property debt crisis could reach far and wide, with implications for the ambitious […]
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Cambodia Attracts 15 New Investment Projects Worth US$247m in 15 Days in December
In a remarkable economic stride, Cambodia has welcomed a wave of 15 new investment projects, collectively injecting over US$247 million into the nation’s burgeoning industrial landscape within just 15 days in December 2023. The Council for the Development of Cambodia (CDC) has granted registration certificates to these visionary enterprises, poised to stimulate economic growth and […]
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Excluding China, India Leads Coal Power Surge in Asia Followed by Vietnam & Indonesia
India, excluding China, is spearheading the construction of new coal-fired power capacity in Asia, boasting an impressive 31.6 gigawatts (GW) in progress. This substantial figure is part of the broader 67 GW currently under construction in the region, with Indonesia and Vietnam making notable contributions, the Global Energy Monitor (GEM) reported in July 2023. The […]
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Japan Unveils Vision for Establishing Khmer Village in Japan to Foster Cultural Exchange
In a bid to foster cultural exchange and strengthen the enduring friendship between Japan and Cambodia, Kojima Holdings Co., Ltd., a prominent Japanese entity, has announced its visionary plan to establish a Khmer village in the scenic Canaagawa province. This transformative initiative was unveiled during a significant meeting between Samdech Hun Manet, Prime Minister of […]
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Japan’s Noble Initiative: US$1.3 Million Boost to Cambodian Demining Projects in Two Provinces
In a benevolent gesture, the Government of Japan has extended a generous grant of US$1,390,117 to the Japan Mine Action Organisation (JMAS) in Cambodia, marking a pivotal step towards fostering safety and reconstruction. The signing ceremony for this grant, dedicated to demining initiatives, took place on 19 December 2023. During the ceremony, HE Ou Nou […]
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PropertyGuru Asia Real Estate Summit concludes ninth edition, focusing on ‘Powering Communities’
GLOBAL THOUGHT AND INDUSTRY LEADERS JOINED THIS YEAR’S SUMMIT TO TACKLE THE FUTURE OF CITIES PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, held its highly anticipated ninth edition featuring global thought and industry leaders, focusing on the theme, “Powering Communities”, and […]
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New 30,000-Seat Stadium to Redefine Sports & Leisure in Sihanoukville
In a visionary move aimed at enhancing Sihanoukville’s allure, the provincial administration has unveiled plans to construct a cutting-edge stadium with a capacity for over 30,000 spectators. This monumental project, discussed in a review meeting on 18 December 2023, signifies a substantial leap in the region’s development trajectory. During the meeting, HE Deputy Prime Minister […]
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Thailand’s EV Brand Launches First Production with 20,000 Annual Capacity
Embarking on a significant milestone in its global growth strategy, Hozon Auto’s electric vehicle (EV) brand, Neta, commenced production at its inaugural overseas factory in Thailand on 30 November, exceeding initial expectations. The Thai facility, with an annual production capacity of 20,000 units, symbolizes Neta’s commitment to strengthening its foothold in right-hand drive markets. The […]
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Milestones in Partnership: Cambodia & Japan Forge Collaboration in Seven Vital Sectors
In a momentous exchange, Cambodia and Japan solidified their alliance through the signing of seven pivotal cooperation documents. The ceremony, overseen by Samdech Hun Manet, Prime Minister of Cambodia, and His Excellency Kishida Fumio, Prime Minister of Japan, marked the 50th Anniversary of Friendship and the ASEAN-Japan Cooperation Summit. The documents encompass transformative projects: National […]
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Ministry of Land Eases Certification Procedures for Pre-2019 Factory & Warehouse Buildings
The Ministry of Land Management, Urban Planning, and Construction has introduced streamlined procedures for the certification of factory buildings and warehouses constructed before the implementation of the 2019 Construction Law. The initiative, outlined in letter No. 043 Don S / AS / SON dated 13 December 2023, is a collaborative effort with licensed construction inspection […]
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Tesla’s Cybertruck Hits the Roads: Deliveries Commence End November After 2-Year Wait
In a much-anticipated move, Tesla initiated deliveries of its groundbreaking Cybertruck on Thursday 30 November, officially venturing into the competitive pickup market in Austin, Texas, according to The Guardian on 1 December 2023. Priced between US$60,990 and US$99,990 for its three variants, Elon Musk, Tesla’s CEO, confidently asserted that the Cybertruck offers “more utility than […]
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Building Bridges of Progress: Europe’s 30-Year Investment Surpasses US$1.4 Billion in Cambodia’s Key Sectors
In an enduring partnership spanning three decades, the European Union has been a steadfast supporter of Cambodia’s development, injecting over US$1.4 billion from 1992 to 2022 into crucial sectors. The Council for the Development of Cambodia, in a press release dated 12 December 2023, revealed that this substantial cooperation financing, constituting 4.9% of all support […]
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