World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia

The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on 15 March, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing access to markets, ...

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Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023

In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan agreements cons...

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Marking its 40th Anniversary, Bentley Systems Announces CEO Transition Plan

COO Nicholas Cumins to be Promoted to CEO July 1, 2024, as Greg Bentley will Transition to Executive Chair London – March 21, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to Executive Chair of its Board of Directors. Nicholas Cumins, current...

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Bentley Systems Celebrated World Engineering Day by Highlighting Key Sustainable Infrastructure Projects

In 2019, the UN Educational, Scientific & Cultural Organization (UNESCO) established World Engineering Day to acknowledge the critical role of engineering and engineers worldwide in fostering a better and more sustainable world. On the fourth anniversary of this significant day, Bentley Systems took the opportunity to highlight its contributions to sustainable engineering processes. In a po...

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Grand Opening of Borey Peng Huot’s The Star Platinum Epo Poly Project on 23-24 March 2024

Borey Peng Huot Company marked a significant milestone on March 23, 2024, with the official opening of its latest project, The Star Platinum Epo Poly, situated within the Grand Star Platinum (Boeung Sno) development in Chbar Ampov district. The event drew a substantial crowd of eager attendees, both existing and prospective customers, keen to explore the offerings of the new development. During...

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Cambodia Secures EU Grant Aid Worth Nearly US$86m to Boost Key Sectors

Cambodia and the European Union (EU) have formalised a grant aid agreement amounting to almost US$85.6 million, aimed at bolstering pivotal sectors crucial for sustainable development. The signing ceremony, presided over by HE Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, alongside representatives from the European Union Member States, marks a significant mileston...

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Gov’t Unveils Ambitious Plan to Transform Villages into “Rural Borey”, Modern Rural Communities

Samdech Hun Manet PM of Cambodia revealed the Royal Government's groundbreaking initiative to establish "rural boreys" aimed at elevating the living standards of provincial residents. The announcement came during the conclusion of the Ministry of Rural Development's gathering on 20 March 2024. "Rural Borey entails the transformation of villages into well-equipped communities, complete with esse...

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Aeon Mall Denies Rumours of Fourth Outlet, Reaffirms Transparency

Aeon Mall (Cambodia) Co., Ltd. unequivocally refuted speculations surrounding the development of a fourth Aeon Mall project in Cambodia, particularly Aeon Mall IV, according to a press release issued on 22 March 2024. The company clarified that no plans have been initiated for the construction of a new outlet, dismissing recent rumours propagated on social media platforms. Emphasising its commi...

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APSARA Authority Expands Angkor Botanical Garden to 150 Hectares to Enrich Tourist Experience

The APSARA Authority has embarked on a significant expansion project, enlarging the Angkor Botanical Garden from its original 15 hectares to an expansive 150 hectares, aimed at enhancing the tourism appeal of the renowned heritage site. Mr. Lay Poti, Deputy Director of the Department of Water Management, Forestry, and Infrastructure of the APSARA Authority, confirmed this development to Radio Nati...

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China-Cambodia Satellite Collaboration Enhances Protected Area Management

China's Siwei Surveying and Mapping Technology Co., Ltd is poised to forge a groundbreaking partnership with Cambodia's Ministry of Environment (MoE), aiming to revolutionise the management, conservation, and protection of protected areas and forests through satellite technology. This significant development emerged from a productive meeting between Dr Eang Sophalleth, Minister of Environment, and...

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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months

In a remarkable surge of economic activity, the Sihanoukville Special Economic Zone (SSEZ) has reported a staggering trade volume of US$628 million in the first two months of 2024, marking a significant 38.3% increase compared to the corresponding period last year. This notable achievement underscores the SSEZ's pivotal role as a thriving hub for international trade and investment, as highlighted ...

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France Urges Preservation of Ancient Iron Ore Site in Preah Vihear Province

In a significant move to safeguard Cambodia's historical legacy, experts from the French Institute of the Far East have called upon the Ministry of Culture and Fine Arts to preserve an ancient iron ore site discovered in Chep district, Preah Vihear province. HE  Dr Pheung Sakona, Minister of Culture and Fine Arts, revealed this development following discussions with reporters after the ninth plena...

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