Chinese Firm Secures Contract to Develop Pumping Station for Key Cambodian Provinces
In a significant development for Cambodia’s water sector, the renowned Beijing Urban Construction Group Co., Ltd (BUCG), a prominent Chinese state-owned company, has been awarded the contract to conduct a comprehensive feasibility study and design a cutting-edge pumping station. The station will harness water resources from the mighty Mekong River, incorporating advanced water treatment systems […]
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Vietnam Unveils Remarkable US$82 Million Investment in the Tallest Steel Arch Bridge
Vietnam has made a significant investment exceeding US$82 million towards the construction of an awe-inspiring steel arch bridge, poised to become the tallest of its kind, with an impressive height of 87 meters above the water level. The eagerly anticipated Phat Tich Bridge, situated in the northern province of Bac Ninh, spans across the majestic […]
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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open
Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, […]
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Urbanland officially unveiled Borey Chankiri 2 at the South Side of Phnom Penh
Urbanland, a home-grown real estate developer, officially announced its soft launch of Borey Chankiri 2 on 03 June 2023. Located in the Southern part of Phnom Penh, this latest project is conveniently situated just 500m from National Road 2 alongside of Steung Prek Thnaot. [ Borey Chankiri 2 soft launch event] Borey Chankiri 2 is […]
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China Delays Floating Nuclear Power Plant Project in South China Sea Citing Security Concerns
China has opted to postpone its plans to construct a floating nuclear power plant in the South China Sea due to concerns over security, as reported by the South China Morning Post. Despite being poised for construction, the final approval to proceed with the nation’s first floating nuclear power plant has been withheld by regulators. […]
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9k Cambodian Tourist Influx Signals Promising Summer for Phu Quoc Island
In a testament to the growing allure of Phu Quoc Island, located off Kien Giang Province in southern Vietnam, approximately 9,000 Cambodian tourists have flocked to its shores within the first five months of this year. This surge in Cambodian visitors highlights the potential of the Cambodian market for the island’s tourism industry, as reported […]
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Cambodia Witnesses Surge in Industrial Growth: Nearly 60 New Factories Registered in 2023
In a remarkable display of industrial expansion, the Ministry of Industry, Science, Technology and Innovation has registered an impressive 58 new industrial plants as of May 2023. This development propels the total number of operational industrial factories in Cambodia to a noteworthy 1,999. Highlighting the robust performance of the industrial sector, HE Heng Sokkung, Secretary […]
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Chinese Real Estate Market Faces Strain in May, Experts Caution
Amidst growing concerns, the Chinese real estate market experienced a tense period in May 2023, as indicated by a report from the US-based China Beige Book. Despite a surge in prices in April, housing sales in China witnessed a decline, as revealed by a survey of 1,085 business research companies conducted from 18th to 25th […]
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Efficiency Enhanced: Port EDI System Mandated for Ships Entering Cambodian Ports
Cambodia government has recently implemented a significant regulatory measure, mandating that all ships entering Cambodian ports, including the Phnom Penh Autonomous Port, Sihanoukville Autonomous Port, and other ports, must apply for a permit through the Port Electronic Data Exchange (Port EDI) system. This initiative, established under Sub-Decree No. 112 issued on 1st June 2023, aims […]
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Cambodia Securities Exchange Flourishes with Nine Companies Accumulating US$1.8 Billion in Capital
As of the conclusion of the first quarter of 2023, the Cambodia Securities Exchange (CSX) proudly showcases a robust lineup of nine companies, collectively boasting an impressive capitalization of 7.61 trillion riels (equivalent to US$1.88 billion). These figures are derived from the recently published securities trading data bulletin for the first quarter of 2023, highlighting […]
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WANLI TIRE, A Giant company from Guangzhou China, Explores Lucrative Investment Prospects in Cambodian Tire Production
In a significant move that could boost Cambodia’s manufacturing market, WANLI TIRE CORPORATION LIMITED, a prominent tire manufacturer based in Guangzhou and Hebei, People’s Republic of China, has expressed keen interest in investing in tire production within Cambodia. During a meeting held on May 30, 2023, HE Chea Vuthy, Deputy Secretary General of the Cambodian […]
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Cambodia Attracts Major Investments: Electric and Office Furniture Factories Set to Boost Economic Growth
In a significant development for Cambodia’s industrial landscape, the Council for the Development of Cambodia (CDC) has granted investment project registration certificates to three companies, signaling a combined investment worth US$23.2 million. The Board of Investment of Cambodia, under the CDC, announced these investments in Svay Rieng and Sihanoukville on May 30, 2023. Among the […]
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