Elon Musk’s Hyperloop Vision: Revolutionizing Travel Faster Than Sound in Next Decade
In a groundbreaking leap towards revolutionising transportation, Elon Musk’s hyperloop concept is hurtling closer to reality. With a triumphant human test ride successfully conducted in November 2020, the horizon for its realisation could be less than a decade away, according to BusinessInsider on 23 July 2023. The genesis of the hyperloop’s popularity traces back to […]
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Cambodia’s Exports Surpass US$4.5bn in First Seven Months of 2023
Cambodia’s exports to fellow ASEAN Member States (RCEP) have surged impressively, crossing the remarkable threshold of US$4.59 billion during the initial seven months of 2023. This remarkable upswing, reflecting a robust 21% increase from the analogous period in 2022, was eloquently underscored by HE Pan Sorasak, Minister of Commerce. He shared this pivotal insight during […]
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15 Indian Tech Companies Seek Collaborative Ventures in Cambodia’s Thriving Market
In a bold move towards global cooperation, 15 leading technology enterprises from India are actively pursuing investment partnerships with their Cambodian counterparts. The much-anticipated event organised Embassy of India in Cambodia took place on 24 August 2023. Representing a comprehensive spectrum of technological prowess, the Indian contingent comprises visionary entities specializing in artificial intelligence, learning […]
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Battambang Authorities Embark on 5,000m Canal Restoration Project to Mitigate Urban Flooding
In an ambitious bid to tackle urban flooding, the Battambang provincial authorities have unveiled a visionary plan to rejuvenate the Kampong Seima canal. Stretching over an impressive 5,000 meters, this significant waterway will undergo a transformation, complemented by the construction of 2-meter-wide box drains. The project, announced during a pivotal meeting on 21 August 2023, […]
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US$3bn Buddhist Peace Culture Centre to be Built in Siem Reap
An awe-inspiring project that embraces serenity, spirituality, and global unity is set to grace the vibrant landscapes of Siem Reap province in December this year. Spanning an expansive 288 hectares with an estimated budget of approximately US$200 million, augmented by ancillary infrastructure investments reaching a sum of US$3 billion, the Buddhist Peace Culture Centre’s inception […]
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor […]
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Charting a Transit Revolution: Siem Reap’s Light Rail Dream Gains Feasibility Study Momentum
The grand vision of introducing a modern light rail system to Siem Reap inches closer to reality as the project advances into the crucial phase of data collection and impact assessment. A consultative meeting held on 23 August 2023, between Siem Reap provincial authorities and China Metro, a Chinese infrastructure company, marked another milestone in […]
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Save The Lives to Build Sustainable Plastic Cement Brick Factory in Siem Reap
A groundbreaking initiative poised to redefine waste management and environmental sustainability is taking shape in Siem Reap. Save The Lives (Cambodia) Co., Ltd, a trailblazing entity in the realm of social responsibility, is set to establish an innovative urban solid waste recycling plant on over 5 hectares of land. The vision to convert waste into […]
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Gov’t Unveils Kampot Kep Salt Community Flourishing with Over 4,000 Hectares
In a resolute step towards fostering sustainable production, diversification, and conservation, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has unveiled a visionary blueprint through Prakas No. 195 MISTI / 2023, dated 16 August 2023. This landmark legislation is poised to breathe new life into the salt production landscape of Kampot and Kep, orchestrating […]
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
Amidst the labyrinthine landscape of China’s property market, a distressing trend is emerging, encapsulated by the term ‘zombification’. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament rippling out to […]
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Eternal Splendour Revived: APSARA Authority’s Restoration of Preah Khan Temple
The APSARA Authority has embarked on the second phase of the meticulous restoration of Preah Khan temple while preserving the ancient architectural style. Building upon the triumphant completion of the initial phase in October 2022, this endeavor reflects Cambodia’s enduring commitment to preserving its cultural heritage. The Ministry of Culture and Fine Arts unveiled their […]
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Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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