Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023
In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments […]
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China’s Economy Rebounds: Factory Activity Signals Stabilisation
China’s economy is showing signs of stabilisation as factory activity expands for the first time in six months. The Purchasing Managers’ Index (PMI), which measures the performance of major manufacturers, rose to 50.2 in September, up from 49.7. This figure is above the critical 50-point threshold, indicating a shift from contraction to expansion. Economists had […]
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Gov’t Allocates 1,000 Hectares for Airport City Development Near New Siem Reap Airport
Siem Reap Angkor Airport Investment brings forth exciting prospects for the development of the Siem Reap Angkor International Airport. An impressive 1,000 hectares of prime land have been earmarked for an industrial and economic zone, heralding a new era in airport city growth. The announcement was officially made by HE Vongsey Visoth, Permanent Deputy Prime […]
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China Datang Corp. Pledges Monumental US$600m Injection to Cambodia’s Power Development
In a significant development that promises to reshape Cambodia’s energy landscape, China Datang Corporation Ltd. has committed to a staggering US$600 million increase in its existing investments in Cambodia’s energy sector. This announcement emerged during a pivotal meeting at the “Third Belt and Road” forum held in Beijing on 16 October 2023. Samdech Hun Manet […]
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Bentley Systems Announces Winners of the 2023 Going Digital Awards in Infrastructure
Winners Announced at the 2023 Year in Infrastructure and Going Digital Awards Event in Singapore SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users […]
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Siem Reap’s New Airport Welcomes Inaugural Commercial Flight
In a historic moment for Cambodia, the Siem Reap Angkor International Airport officially embraced its inaugural commercial aircraft on 16 October 2023, marking a transformative leap for the country’s aviation infrastructure. The momentous inauguration ceremony was presided over by HE Vongsey Visoth, Deputy Prime Minister overseeing the Office of the Council of Ministers, Mr Mao […]
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Japan Grants Cambodia Over US$1 Billion to Construct Techo Santepheap Museum in Siem Reap
The Cambodian government is set to construct the illustrious Techo Peace Museum in Siem Reap, with the generous backing of the Japanese government contributing over US$1 billion. This extraordinary initiative seeks to illuminate Cambodia’s rich history, its struggles with war, and the precious gift of peace. The Director General of the Cambodian Mine Action Center, […]
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Bentley Systems Announces Executive Appointments
Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global Head of Brand and Digital Marketing at […]
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Behind Thailand’s Visa-Free Strategy: A Closer Look Role in Facilitating Chinese Capital Flight
Behind Thailand’s audacious plan to attract up to 30 million Chinese tourists and the swift implementation of visa-free access lies a more profound hidden agenda—facilitating the transfer of capital from mainland China. The veneer of tourism and visa-free access masks the real story: Chinese investors are utilizing the financial systems in Hong Kong and Thailand […]
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Inauguration of Cambodian-Chinese Traditional Medicine Research Centre at Preah Kosomak Hospital
A significant step towards advancing healthcare in Cambodia was celebrated on 12 October 2023, as the Cambodian-Chinese Traditional Medicine Research Centre within the Cambodia-China Friendship Hospital Preah Kosomak was officially inaugurated. This momentous occasion was hosted by HE Professor Chheang Ra, Cambodia’s Minister of Health. During the inauguration, HE Minister Chheang Ra emphasised the Ministry […]
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KOICA Gifts 15 Ambulances to Cambodia to Address Nationwide Healthcare Needs
The Korea International Cooperation Agency (KOICA) has generously bestowed Cambodia with 15 ambulances, fortifying the country’s capacity to respond to medical emergencies across its diverse landscape. The solemn handover ceremony, held on 13 October 2023, was hosted by HE Professor Chheang Ra, Cambodia’s Minister of Health, and attended by His Excellency PARK Jung-Wook, the Republic […]
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Indonesia Unveils Southeast Asia’s First High-Speed Railway
In a historic milestone, Indonesia inaugurated Southeast Asia’s maiden high-speed railway on 2 October. This remarkable project, with a price tag of US$7.3 billion, stands as a testament to China’s expansive Belt and Road infrastructure initiative. Predominantly financed by Chinese state-owned corporations, the grand unveiling of this high-speed rail line signifies a significant leap forward […]
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