Construction Begins on US$400m Tatai Hydropower Dam Generating 150MW
The groundbreaking ceremony for the Tatai Hydropower Dam project, also known as the Ta Tay Leu Dam, worth nearly US$400 million took place in Thmar Bang district, Koh Kong province. Presided over by Samdech Moha Bovathibodi Hun Manet, PM of Cambodia on 30 November 2023, the event marked the initiation of a transformative venture set […]
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Gov’t Approved US$65.5m Solar Power Plant in Svay Rieng
The Council for the Development of Cambodia (CDC) has officially endorsed the registration of “SCHNEITEC VIBRANT CO., LTD” for a pioneering project – the construction of a US$65.5 million solar power plant in Svay Rieng province, according to the CDC on 30 November 2023. The proposed solar power plant, set to be established in Kandal […]
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Gov’t Greenlights Seven Cutting-Edge Factories Injecting US$ 32.9M and 3,470 Jobs in Svay Rieng & SHV
The Council for the Development of Cambodia (CDC), has sanctioned the registration of seven innovative companies set to establish factories with a combined investment of US$32.9 million. This strategic initiative is poised to generate a robust employment boost, creating 3,470 job opportunities for the local workforce in Svay Rieng and Sihanoukville, according to the publication […]
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While ASEAN Neighbours Grow in EV Industries, What Can Cambodia Do Beyond a Consumer Role?
While neighboring countries such as Thailand, Indonesia, and Vietnam are making significant strides in the electric vehicle (EV) industry, Cambodia’s participation in this emerging market has been relatively subdued. The country’s limited activity in EV products can be attributed to several barriers that hinder the development of the EV market. Understanding these challenges and identifying […]
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WWF: Mekong Sand Running Out Due to Construction
A World Wildlife Foundation report has warned that sand in the Mekong Delta in Vietnam may run out by 2035 with catastrophic impacts on ecosystems due to a combination of huge demand in the country’s construction sector and the installation of hydroelectric dams. The WWF report “Sand Budget for Vietnam Mekong Delta” tracked the use […]
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Gov’t Unveils Robust Protocols for State Land Ownership Registration
The Cambodian government has introduced a comprehensive set of procedures for the registration of state lands. Sub-Decree No. 321, enacted on 2 November 2023, delineates a strategic framework encompassing the identification, mapping, and classification of state lands. The primary objective is to fortify the protection of ownership and associated rights of state-owned properties. The sub-decree […]
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Results of Biden-Xi Summit Promise a Pivotal Turn for Global Economic Harmony
In a historic face-to-face encounter, U.S. President Joe Biden and Chinese President Xi Jinping convened on 15 November 2023, on the sidelines of the Asia-Pacific Economic Cooperation conference near San Francisco. This landmark meeting, their first in a year, carried significant implications for the global economy. “We have to ensure that competition does not veer […]
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Telecom Regulator Issues Deadline for Borey Owners to Dismantle Signal Boosters Equipment by December 10
The Telecommunications Regulator of Cambodia has issued a crucial deadline for all Borey development project owners in Phnom Penh to dismantle any service-increasing or internet expansion equipment within their developments before December 10, 2023, according to Letter No. 10079 ន.ទ.គ dated 16 November 2023. Preceding this deadline, a notice was issued to all Borey owners, […]
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Thailand to Invest US$27 Billion in 100km Flyover Linking Two Oceans
In a groundbreaking shift from the initial $27 billion Thai Canal Dredging project, the new Thailand government, led by Prime Minister Srettha Thavisin, is steering towards a colossal infrastructural endeavour. The transformative initiative involves the construction of a 100-kilometre flyover connecting the Pacific Ocean to the Indian Ocean at Kra Isthmus, abandoning the contentious Kra […]
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Seoul’s Thriving Office Market Boasts Over 98% Occupancy Amidst Dwindling Demand Elsewhere
In a world where office spaces face a downturn, Seoul’s office market stands as a beacon of success, boasting an impressive occupancy rate of over 98% for grade-A offices, coupled with a remarkable 15% surge in rents compared to the previous year. This is according to a Bloomberg study published on 15 November 2023. The […]
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Hyundai’s US$1.5bn Green Oasis: Ulsan EV Plant Set to Produce 200,000 Electric Vehicles Annually
In a groundbreaking move towards sustainability and innovation, Hyundai has commenced the construction of a state-of-the-art electric vehicle (EV) manufacturing plant in Ulsan, South Korea. The US$1.5 billion facility, slated to begin full-scale construction by the end of 2023, represents Hyundai’s commitment to producing 200,000 electric cars annually. This ambitious project signifies Hyundai’s first new […]
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Hanoi Unveils Ambitious US$4.2bn Smart City Project Anchored by Vietnam’s Tallest Skyscraper
In a landmark move to propel urban development, Hanoi unveiled a visionary smart city project in November, covering a sprawling 272-hectare expanse and entailing a colossal investment of US$4.2 billion. The focal point of this monumental undertaking is the Phuong Trach Tower, a striking 108-storey financial skyscraper, slated to be Vietnam’s tallest building. It is […]
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