Island Hopping Adventure Awaits: New Maritime Route to Connect Thailand, Vietnam, and Cambodia
Thailand, Cambodia, and Vietnam are collaborating on a new maritime route to enhance tourism, trade, investment, and industrial activities along their coastal regions. The project, connecting Thailand's Trat province, Cambodia's Sihanoukville, and Vietnam's Kien Giang, aims to foster economic growth and was announced during the "Cambodia-Vietnam-Thailand Economic Corridor (CVTEC) - Trat Business R...
Read MoreWorld Bank Allocates US$145m to Enhance Cambodia’s Water Supply Infrastructure
The World Bank has committed US$145 million to Cambodia to support the enhancement of the country's water supply infrastructure, a project that is expected to benefit over 113,000 people. Funded by the World Bank's International Development Association (IDA), this initiative will be implemented over five years by the Ministry of Water Resources and the Ministry of Agriculture. Ms. Maria Salim, ...
Read MoreChina Aims to Attract 100 More Companies to Invest in Zhejiang SEZ in Koh Kong by 2024
China's Zhejiang Special Economic Zone (SEZ) in Koh Kong is set to attract 100 more companies by 2024, adding to the 28 currently investing there. This strategic goal was highlighted during a meeting between Mr. Chea Vuthy, Secretary General of the Investment Committee of Cambodia, and Mr. Zhou Zhangjin, Chairman of Zhejiang SEZ, along with 11 Chinese delegates on 21 June 2024. Mr. Zhangjin sha...
Read MoreJapan Explores Maglev Technology for Earthquake-Resistant “Floating Homes”
Of course, the quake did not kill people directly, but the buildings or houses where people lived were the ones that killed people in the quake. If we look at the statistics or photos of earthquakes, we will see that most of the deaths due to earthquakes, large or small, are from buildings or parts of buildings collapsing on people. In response to this critical challenge, Japanese researchers in m...
Read MoreTSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor pr...
Read MoreWorld Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
The World Bank has approved a US$275 million loan package to support Cambodia's long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country's finances to assist the most vulnerable populations. This announcement was made by WB on 21 June 202...
Read MoreCambodian Government Constructed Nearly 6,000 Homes for Veterans by 2023
From 2008 to 2023, the Cambodian government built a total of 5,569 houses for impoverished veterans, according to PM Hun Manet. This announcement was made in a message commemorating the 17th anniversary of Cambodian Veterans Day on 21 June 2024. In his message, Samdech Hun Manet emphasised the importance of the Ministry of Social Affairs continuing to effectively implement services that support...
Read MorePM Introduces New Law Boosting Gas Safety in High-rise Buildings
PM Hun Manet has introduced a new law to regulate gas usage in high-rise buildings, aiming to enhance public safety. This announcement was made during the groundbreaking ceremony for the construction of twin flyovers at the intersection of Samdech Techo Hun Sen Blvd. and National Road No. 2, at the border of Phnom Penh and Kandal Province, on 17 June 2024. The PM emphasised the increasing relia...
Read MoreCambodia FDI In 2023: Real Estate Soars to Third Place
As of 2023, foreign direct investment (FDI) in Cambodia surged to 197.8 trillion KHR (US$48.4 billion), marking a 7.9% increase over the previous year. This substantial influx of investment was channelled into key sectors such as financial activities, manufacturing, real estate, accommodation, agriculture, energy, and construction, according to a recent report released on 18 May 2024. The repor...
Read MoreCambodia & Singapore Launch FTC to Boost Cross-Border Financial Services
Cambodia and Singapore have launched the Financial Transparency Corridor (FTC) project to facilitate financing for small and medium enterprises (SMEs) in both countries. The initiative, announced by the National Bank of Cambodia on 18 June 2024, aims to enhance bilateral trade and investment activities by streamlining cross-border financial services. The FTC serves as a digital infrastructure, ...
Read MoreThailand Declares No Charge for Vehicles Crossing Cambodia-Thailand Friendship Bridge
Thailand will maintain a no-charge policy for vehicles passing through the Cambodia-Thailand Friendship Bridge (Stung Bot-Bang Nang Ieng) at the request of the Cambodian government. This decision was confirmed during a bilateral meeting via video conference on 18 June 2024, attended by HE Peng Po, Minister of Public Works and Transport of Cambodia, and HE Suriya Jungrungreangkit, Deputy Prime Mini...
Read MoreGov’t Inaugurates US$1m Tourist Reception Facility at Koh Thmor X16 Historical Site
The Cambodian government inaugurated a new reception and accommodation facility worth over US$1 million at the Techo Koh Thmor X16 Military Historical Site. The ceremony was presided over by HE General Sao Sokha, Deputy Commander of the Cambodian Armed Forces and Commander of the Cambodian Gendarmerie, along with HE Dr Cheam Chansophoan, Governor of Tbong Khmum Province, and several other stakehol...
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