Nine New Factories with US$54.43M Investment Set to Create Over 13,000 Jobs in Five Provinces
In a significant boost to Cambodia’s industrial sector, the Council for the Development of Cambodia (CDC) has given the green light to nine companies poised to invest a total of US$54.43 million. These ventures are expected to generate a substantial job market, providing employment opportunities for 13,888 individuals across several provinces, including Kampong Speu, Kandal, […]
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Bentley Systems’ iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance
To Broaden and Accelerate Infrastructure Asset Analytics EXTON, Pa. – Aug. 14, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus of Bentley’s iTwin Ventures […]
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S. Korean Company, Daehan Corporation, Proposes Plastic Waste Processing Plant in Sihanoukville
South Korean company Daehan Corporation is eyeing the establishment of a cutting-edge plastic waste processing plant in Sihanoukville. The project aims to transform plastic waste into an essential part of daily life in the region, contributing to environmental sustainability, according to the presentation of the company at Sihanoukville Provincial Hall on September 7, 2023. Mr. […]
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Unlocking Success in Cambodia’s Retail Market: CBRE Panel Explores Repositioning, Refilling & Repurposing
CBRE Cambodia hosted a thought-provoking panel discussion on 4 September 2023, aimed at shedding light on the dynamic Cambodian retail market. Real estate experts gathered to delve into the sector’s potential and its current status, providing valuable insights for industry players. Reflecting the Cambodian Retail Market The focal point of this workshop was the expert […]
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Ministry of Agriculture Grants 9,772 Hectares for Agro-Industry Development in Stung Treng
In a significant move to bolster agro-industrial development and stimulate economic growth, the Ministry of Agriculture, Forestry, and Fisheries (MOAFF) has granted a substantial land concession of 9,772 hectares to local company LSCG Group and Chinese counterpart Green Sea Agriculture Co., Ltd. This endeavour marks a strategic partnership set to transform Stung Treng province into […]
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Urbanland Partners with Phillip Trustee to Facilitate Foreign Homebuyers at Borey Chankiri
Urbanland and Phillip Trustee (Cambodia) Co., Ltd. have recently entered into a new strategic partnership, solidified by a Memorandum of Understanding (MoU). This collaboration aims to address the ever-growing market demand in the real estate sector and facilitate foreign homebuyers at Borey Chankiri with the trust administration provided by Phillip Trustee. Mr. Hok Kang and […]
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CT II Invests US$92.2m in Power Substation Linking Kampong Cham to Kratie
In a pivotal decision aimed at bolstering Cambodia’s power infrastructure, the Council for the Development of Cambodia (CDC), has granted an investment project registration certificate to CAMBODIAN TRANSMISSION II CO., LTD (CT II). This significant development, announced by the CDC on 7 September 2023, will see the construction of a cutting-edge substation, facilitating the transmission […]
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Gov’t to Revolutionise Property Ownership Transfer: Just 5 Minutes Needed
In a groundbreaking move aimed at streamlining the process of transferring property ownership from parents to children, the Cambodian government is set to unveil a revolutionary procedure that promises to complete the task in just five minutes. The announcement was made by HE Sar Sokha, Minister of Interior, on 5 September 2023. The minister is […]
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Cambodia Seeks Japanese Support for Vital Flood Protection and Irrigation Rehabilitation Projects
The Ministry of Water Resources and Meteorology (MWRM) has initiated discussions with Japan, seeking assistance for three pivotal projects focused on flood protection and irrigation restoration. This request came to light during a meeting between HE Tho Chetha, the Minister of MWRM, and HE UENO Atsushi, Ambassador Extraordinary and Plenipotentiary of Japan, along with Mr […]
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Gov’t Pushes for Elevated Construction Standards: Private Sector Collaboration with NCL
The Ministry of Land Management, Urban Planning, and Construction (MLUPC) is actively encouraging private sector engagement to enhance construction technical standards in the nation. The initiative involves fostering cooperation between the private sector with the National Construction Laboratory (NCL) through the signing of memorandums of understanding to establish precise quality benchmarks for construction techniques. During […]
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Gov’t Takes Proactive Measures: Nine Standardised Evacuation Centres to Safeguard Against Increasing Floods
The National Committee for Disaster Management (NCDC) has taken proactive steps to establish nine standardized evacuation shelters. These shelters, constructed in accordance with rigorous technical standards, represent a critical component of the nation’s disaster preparedness strategy, according to the NEC on September 1, 2023. Senior Minister and First Deputy Chairman of the NCDD, HE Kun […]
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New Thai PM Unveils Bold Plan: Thailand to Welcome Chinese 30 Million Visitors
Immediately after taking office, Thailand’s new prime minister unveiled a strategic plan aimed at attracting 30 million international tourists by the end of the year. The launch of the Thai economic recovery plan came on 25 August after he stressed the important role of tourism in the country’s short-term economic recovery, according to channelnewsasia on […]
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