Cambodia & South Korea Forge Strategic Alliance to Drive Investment Cooperation
The Council for the Development of Cambodia (CDC) and the South Korean Embassy in Cambodia convened their inaugural public-private sector dialogue on 24 October 2024 to strengthen investment cooperation. Led by HE Sun Chanthol, Cambodia's First Deputy Prime Minister and Vice President of the CDC, alongside HE Park Jung Wook, the Ambassador of the Republic of Korea to Cambodia, the event brought...
Read MoreCambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop
Cambodia's construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under USD 4 billion, a stark contrast to the nearly 4,841 projects worth approximately USD 12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on 17 October 2024, indicates that the s...
Read MoreBentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint
Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets and simplifies embodied carbon reporting with added 3D visualisations. VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbo...
Read MoreIndonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle & Battery Hub
Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to vietnamplus on 28 October 2024. This pioneering plant, a USD 1.1 billion joint venture between Hyundai Motor and LG Energy Solution from the Republic of Korea, is st...
Read MoreNearly 2,000 Local Associations and NGOs Registered in Cambodia Since 2015
Since the enactment of Cambodia's Law on Associations and Non-Governmental Organisations in August 2015, a total of 1,961 local associations and NGOs have officially registered with the Ministry of Interior, according to Dr. Touch Sokheak, Deputy Spokesman of the Ministry of Interior, in a recent statement to Apsara News on 30 September 2024. Dr. Sokheak detailed that these registrations includ...
Read MoreSouth Korea’s Gyeongbuk Technopark Sets Sights on Technology Park Collaboration in Cambodia
The Gyeongbuk Technopark Korea Innovation Centre is exploring collaboration opportunities with Cambodia’s Ministry of Industry, Science, Technology, and Innovation (MISTI) to invest in a high-tech innovation hub in Cambodia, aligning with the nation’s strategic development goals in smart agriculture, health, and green technology. This promising development was discussed on 28 October 2024 durin...
Read MoreBentley Systems Partners with Google to Bring Powerful Geospatial Context and Capabilities to Infrastructure
Collaboration enables use of Google 2D, 3D geospatial content within Bentley’s applications and platforms to deliver actionable insights to infrastructure professionals VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced a strategic partnership with Google to integrate Google’s h...
Read MoreCambodia & China Unveil Strategic Digital Infrastructure Partnership to Drive Economic Growth
The Ministry of Industry, Science, Technology, and Innovation (MISTI) of Cambodia and the China-ASEAN Information Harbor (CAIH) have signed a pivotal Memorandum of Understanding (MoU), marking a significant advancement in digital infrastructure collaboration aimed at transforming economic development in Cambodia and the ASEAN region. The agreement, signed on 24 October 2024, is expected to enh...
Read MoreChina Grants USD 20m on School Infrastructure & Education Improvement Project in Cambodia
In a significant step for Cambodia's educational development, a USD 22.5 million project dedicated to improving school infrastructure and supplying educational materials was officially inaugurated at Hun Sen Peam Chi Kang High School in Kampong Cham province, under the presidency of PM Hun Manet on 26 October 2024 The ambitious project, primarily funded by the People’s Republic of China, aims t...
Read MoreUSAID Grants USD 55 Million to Cambodia, Prioritising Food Security, Health & Environment
The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director of USAID Gl...
Read MoreNRNo. 31 (Bek Kus – Kampot) Rehabilitation with 53km in Length Nears Completion, Achieving Almost 99% Progress
The extensive rehabilitation of Cambodia's NR No. 31, covering a 53.54-km stretch from Bek Kus to Kampong Trach, is almost complete, reaching a 98.68% progress milestone as of 21 October 2024. This update was shared during a review meeting led by His Excellency Khan Ma Ne, Secretary of State and Director of the Rehabilitation and Upgrading Project, who praised the project’s steady advancement a...
Read MoreCambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after the sharp decline to just 200,000 tourists in ...
Read More