Cambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
In a dynamic economic environment, Cambodia’s growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation’s economic future. Yet an interesting point is, why is the Asian Development […]
Read More
Battambang Earns UNESCO Accolade as Cambodia’s Pioneering Food Innovation City
UNESCO has bestowed upon Battambang the distinguished title of Cambodia’s first city to achieve UNESCO Food Innovation City status. This historic recognition was officially disclosed through a UNESCO press release on 31 October 2023. Battambang, acclaimed as a city where culinary art seamlessly intertwines with culture and innovation, is now celebrated for its exceptional contributions […]
Read More
Revolutionising Waste Management: Four Companies Introduce Cutting-Edge Garbage-to-Fuel Machines in Siem Reap
In a groundbreaking initiative, GAEA, in collaboration with SOKEN GROUP, ONE WORLD, and the CITY of KITAKYUSHU, together with the Siem Reap Tourism Club Association, have introduced cutting-edge waste-to-fuel recycling machines in Siem Reap. This innovative endeavor is set to make a significant impact on waste management in the region, promoting efficient and eco-friendly solutions. […]
Read More
Royal Group to Spearhead Development on 10 Hectares of Boeung Ta Mok Land, Backed by Government Allocation
The Cambodian government has designated 10 hectares of Boeung Ta Mok (Boeung Kob Srov) to the Royal Group, represented by Neak Oknha Kith Meng. The decision is encapsulated in Sub-Decree No. 105, dated 29 May 2023. The allocated land, measuring 10 hectares, is situated in Sangkat Pansang, Khan Prek Pnov, Phnom Penh. This transformation, detailed […]
Read More
The Gov’t approves 12 New Factories Worth US$66.60 Million Set to Transform Five Cambodian Provinces
The Council for the Development of Cambodia (CDC) has granted approval to 12 ambitious companies to construct new factories with a combined investment of US$66.60 million. This visionary move is expected to generate 12,610 employment opportunities across five provinces, breathing fresh life into Cambodia’s industrial landscape. The CDC’s announcement on October 31, 2023, showcased the […]
Read More
Boeung Choeung Ek Wastewater Treatment Plant at 99% Completion, Promising a Cleaner Future
In an extraordinary feat of engineering and environmental stewardship, the construction of the Boeung Choeung Ek Water Treatment Plant, with an estimated value exceeding US$20 million, has reached an impressive 99% completion as of October 30, 2023, and is poised for full operational status by November 2023. This remarkable progress report was unveiled by the […]
Read More
Four Wellknown European Firms Eye Expansion & Investments in Cambodia’s Thriving Markets
A consortium of European giants, including Airbus, DHL, Roche, and Lidl & Kaufland, are setting their sights on Cambodia, keen to explore the prospects of expanding their production within the burgeoning Southeast Asian nation. This strategic move was unveiled during a pivotal working meeting, held on 24 October 2023, orchestrated by the EU-ASEAN Business Council […]
Read More
Bentley Systems Announces the 2023 Going Digital Awards in Infrastructure Founders’ Honors
SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the 2023 Going Digital Awards in Infrastructure Founders’ Honors. During the 2023 Year in Infrastructure and Going Digital Awards event held today, 15 projects were recognized for Founders’ Honors. With input from senior company executives, Greg Bentley […]
Read More
Vietnam & Cambodia Collaborate to Boost Trade Efficiency and Reduce Shipping Costs
Vietnam’s Saigon Newport and Cambodia’s Phnom Penh Autonomous Port (PPAP) have joined forces to foster sustainable business development and further invigorate economic and trade growth, cementing the rapport between these two nations. During the official signing ceremony on 28 October 2023, Ms. Her Panin, Deputy Director General overseeing the Phnom Penh Autonomous Port Operations, emphasized […]
Read More
Unveiling New Kampong Speu Provincial Hall, a US$10 Million Architectural Triumph
A momentous event unfolded in Kampong Speu as the new provincial hall, worth over US$10 million, was officially inaugurated. The auspicious occasion was presided over by Samdech Hun Manet, Prime Minister of Cambodia, on 30 October 2023. HE Vy Samnang, Governor of Kampong Speu Province, proudly shared details about the stunning administrative building. Sprawling across […]
Read More
NR 33 Rehabilitation Gains Momentum: 40% Completion Ready for Sea Festival
Progress on the rehabilitation of Cambodia’s vital National Road 33 is well underway, with completion inching closer to reality. As of 27 October 2023, the ambitious project, aimed at enhancing the quality of this crucial transport artery, has reached nearly 40% completion. This substantial achievement underscores the government’s commitment to ensuring the road is ready […]
Read More
Bentley Systems Recognizes the Year in Infrastructure 2023 as Groundbreaking for Infrastructure Intelligence
Bentley Infrastructure Cloud Compounds Value of Engineering Data; iTwin Capabilities Added to Bentley Open Applications SINGAPORE – Oct. 12, 2023 – At its annual Year in Infrastructure conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, described 2023 as a “groundbreaking year” for infrastructure intelligence. Citing users’ projects, CEO Greg Bentley highlighted how […]
Read More