Powering Progress: Cambodia Surges Ahead with 26 Energy Plants Generating Over 3,400MW
In a landmark achievement for Cambodia's energy landscape, the nation concludes 2023 with 26 operational energy plants boasting a collective installed capacity of 3,451 megawatts. This significant milestone, revealed by the Ministry of Mines and Energy in a compelling video documentary highlighting key accomplishments in the energy, mines, and oil sectors, underscores Cambodia's commitment to robu...
Read MoreCambodia Shines as a Gold Refining Hub: 9.5 Tons of Gold Processed by 2023
In a testament to Cambodia's growing prowess in the mining sector, industrial gold refinery plants have successfully processed a total of 9.5 tons of gold ore from the commencement of commercial gold production in 2021 to the conclusion of 2023. This significant achievement was spotlighted in a video document released by the Ministry of Mines and Energy, showcasing major milestones in the developm...
Read MoreCambodia’s Economic Surge: 2023 Witnesses 44% Spike in Approved Investment Projects
The Council for the Development of Cambodia (CDC) gave the green light to 268 investment projects in 2023, marking a substantial 44% increase compared to the previous year. This surge in projects includes 247 new ventures and 21 expansions, reflecting a dynamic and expanding business landscape within the country. The total investment capital for these approved projects stands at an impressive U...
Read MoreASEAN Tourism Rankings 2023: Malaysia Takes the Lead, Thailand Secures Second Spot, Followed by Vietnam
Southeast Asia experienced a stellar revival in its tourism sector throughout 2023, with Malaysia emerging as the frontrunner in welcoming international visitors, boasting an impressive 26 million foreign tourist arrivals from January to November. Following closely, Thailand welcomed approximately 24.6 million tourists during the same period, underscoring the robust rebound of its tourism sector. ...
Read MorePaving the Way to Breathtaking Vistas: Bokor Mountain’s New Access Road On Track
In a significant stride towards enhanced connectivity and accessibility, the construction of the 61-kilometre road linking National Road No. 4 to the picturesque Bokor Mountain is now underway. Okhna Sok Kong, President of Sokha Hotel, conducted an inspection on 28 December 2023, revealing that the project has commenced the concrete pouring phase, a pivotal step before the road's full completion a...
Read MoreThai International Hospitality Giants Set to Make Global Impact in 2024
The resurgence of global tourism has propelled Thai hospitality powerhouses to venture beyond domestic boundaries, seizing opportunities in thriving international destinations. The preceding year witnessed robust profitability for many hotel management firms, with several surpassing pre-pandemic average daily room rates, particularly in prime global locations, according to the Bangkok Post on 2 Ja...
Read MoreNEC Breaks Ground on State-of-the-Art Office Building Valued at Over US$20m
In a momentous ceremony held on 2 January 2024, HE Prach Chan, Chairman of the National Election Committee (NEC), presided over the groundbreaking event for the NEC's new office building—a prestigious project valued at over US$21 million. Nestled on Lot 71, Sothearos Street, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, this iconic structure signifies a significant leap forward for the NEC. ...
Read MoreAngkor Ticket Sales Earn More Than US$37m Revenue in 2023
Cambodia garnered a remarkable US$37,198,988 from the sale of Angkor tickets in the first 12 months of 2023. This staggering revenue, earned from 798,069 foreign tourists, reflects a remarkable 222.68% surge compared to the same period in 2022, according to the Angkor Institute updated reports on 1 January 2024. The allure of Angkor Wat continues to captivate global audiences, with December 202...
Read MoreJapan Plans to Build 10k Homes for Digital Nomads as Statistics Reach 1bn by 2035
In a groundbreaking initiative, Mitsubishi Estate has announced its vision to provide accommodation for the growing wave of digital nomads in Japan, aiming to operate 10,000 rental homes by 2030. The real estate giant has recently entered into a licensing agreement with the U.S.-based peer, Blueground Holdings, renowned for its specialised housing services, marking the first introduction of such o...
Read MoreBentley Systems Wins Three Top Honors at the 2023 Construction Computing Awards
Bentley Systems, Incorporated the infrastructure engineering software company, today announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions. The judges chose Bentley’s ProjectWise as “Collaboration Product of the Year 2023.” As Bentley’s flagship application f...
Read MoreCDC Invites Chinese Companies to Invest in Designated 1k Hectare of Land Near New Siem Reap Airport
A senior official of the Council for the Development of Cambodia (CDC) is paving the way for Chinese investment giant Yunnan Construction Group to establish a special economic zone near the cutting-edge Siem Reap Angkor International Airport. This strategic initiative, anticipated to unfold in 2024, holds the promise of catalysing investments and fostering cross-border economic cooperation. The...
Read MoreBentley Creates Virtual Singapore in 3D as a Revolutionary Model of Global Urban Design
Bentley Systems has pioneered a groundbreaking virtual application that leverages real-time data to project a 3D map of Singapore, revolutionising the way urban planning is approached. This innovative platform, known as Virtual Singapore, offers a dynamic 3D digital replica of the city-state, built on topographical and real-time, dynamic data. It serves as the authoritative platform for simulation...
Read More