Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
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Contemporary Technology Uses Ancient Technology Wisdom: Pyxis Ocean Ships Sailing from China to Brazil, World Navigation Revolution
In a remarkable fusion of time-honored maritime wisdom and cutting-edge technology, the winds of innovation are propelling a transformation in cargo shipping. Echoing the era when sail-powered vessels navigated the world’s oceans, a pioneering cargo ship, Pyxis Ocean, is preparing to set sail on an unprecedented voyage from China to Brazil, unfurling its colossal sails […]
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Korea’s Expertise Fuels Cambodia’s Ambitions: Development of Maritime Aid Master Plan in Full Swing
A distinguished team of experts from the Korea Maritime Aid Institute is lending their support to Cambodia in crafting a comprehensive master plan for Maritime Aid within the Kingdom of Cambodia. This milestone endeavor took center stage during a strategic meeting on 28 August 2023. The meeting served as a pivotal platform to meticulously scrutinize […]
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India Donates Over US$400K to Clear More Than 1 Million Square Metres of Landmines in Koh Kong
In a generous display of solidarity, the Government of the Republic of India has extended a helping hand to Cambodia, offering crucial assistance amounting to US$426,709 for demining efforts across four districts in Koh Kong province. The commitment was enshrined during the signing ceremony of a Memorandum of Understanding (MoU) for the “All Mine Village […]
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US grants US$450,000 to continue conservation of Phnom Bakheng temple
The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of […]
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Koh Pich-Koh Norea Bridge Nears Completion: Connection Set for 10 September with Milestone 92% Achieved
As Phnom Penh continues to mark impressive milestones in urban infrastructure, the much-anticipated Koh Pich-Koh Norea Bridge is poised to become a tangible symbol of connectivity. The cable-stayed concrete bridge, seamlessly linking Koh Pich and Koh Norea, is set to achieve a significant feat on 10 September 2023, with completion progress reaching an impressive 92%. […]
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UNICEF Partners with China to Help Cambodia Develop Water Purification Technology
UNICEF Cambodia and China are embarking on a visionary endeavor to revolutionize Cambodia’s water and sanitation landscape. With a shared commitment to alleviating water scarcity and enhancing sanitation standards, this partnership holds the promise of significantly reducing water-related diseases and fostering a healthier future for Cambodia’s population. The momentous announcement was made through a press […]
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Booming Industrial Landscape: US$59.8M Invested in 10 New Projects across Kampong Speu, Takeo & Phnom Penh
In a resounding stride towards industrial expansion, the Council for the Development of Cambodia (CDC) has endorsed 10 pioneering companies to establish factories, infusing a collective investment of US$59.8 million. This catalytic initiative is poised to breathe life into the economies of Kampong Speu, Takeo, and Phnom Penh, generating growth and employment for the country. […]
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MoE Propels Bamboo Cultivation Kampong Speu for Carbon Neutrality & Export Growth
The Ministry of Environment (MOE) has embarked on a visionary initiative to encourage heightened bamboo cultivation, both as an avenue for export and as a pivotal means to establish carbon neutrality within the Chambok Community Protected Area in Kampong Speu province. Spearheaded by HE Eang Sophalleth, Minister of Environment, this strategic move underscores the symbiotic […]
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MPWT Collaborates with Australian Experts to Enhance Road Infrastructure Design
The Ministry of Public Works and Transport (MPWT) has embarked on a partnership with Australian expert teams to incorporate advanced pavement design techniques. This endeavor addresses escalating traffic demands and bolsters the infrastructural resilience against evolving climate conditions. On 28 August, a pivotal stakeholder consultation workshop centered on Pavement Design Specification was convened, gathering key […]
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New Government Allocates US$100M to Boost Agriculture, Focuses on Irrigation Enhancement
In a resolute move to bolster Cambodia’s agricultural sector, the newly formed government has earmarked a substantial budget of US$100 million. This strategic allocation, unveiled by PM Hun Manet during a gathering with 18,000 factory workers from 13 establishments in Phnom Penh’s Por Sen Chey district on the morning of 29 August 2023, underscores the […]
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New LMUPC Minister Urges Establishment of Job-Creation Factory in Run Ta Ek Natural Village
HE Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, has called for the establishment of a factory within the Run Ta Ek Natural Village development area. This initiative, shared during his visit to inspect infrastructure progress in Siem Reap’s Banteay Srei district on 26 August 2023, seeks to […]
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