English 
ខ្មែរ 
Thailand to Invest US$27 Billion in 100km Flyover Linking Two Oceans
- 28 November 2023
In a groundbreaking shift from the initial $27 billion Thai Canal Dredging project, the new Thailand government, led by Prime Minister Srettha Thavisin, is steering towards a colossal infrastructural endeavour. The transformative initiative involves the construction of a 100-kilometre flyover connecting the Pacific Ocean to the Indian Ocean at Kra Isthmus, abandoning the contentious Kra Canal plan...
Read More
Seoul’s Thriving Office Market Boasts Over 98% Occupancy Amidst Dwindling Demand Elsewhere
- 28 November 2023
In a world where office spaces face a downturn, Seoul's office market stands as a beacon of success, boasting an impressive occupancy rate of over 98% for grade-A offices, coupled with a remarkable 15% surge in rents compared to the previous year. This is according to a Bloomberg study published on 15 November 2023. The frenzy for office space is vividly demonstrated by competitive tenders, su...
Read More
Hyundai’s US$1.5bn Green Oasis: Ulsan EV Plant Set to Produce 200,000 Electric Vehicles Annually
- 27 November 2023
In a groundbreaking move towards sustainability and innovation, Hyundai has commenced the construction of a state-of-the-art electric vehicle (EV) manufacturing plant in Ulsan, South Korea. The US$1.5 billion facility, slated to begin full-scale construction by the end of 2023, represents Hyundai's commitment to producing 200,000 electric cars annually. This ambitious project signifies Hyundai's f...
Read More
Hanoi Unveils Ambitious US$4.2bn Smart City Project Anchored by Vietnam’s Tallest Skyscraper
- 26 November 2023
In a landmark move to propel urban development, Hanoi unveiled a visionary smart city project in November, covering a sprawling 272-hectare expanse and entailing a colossal investment of US$4.2 billion. The focal point of this monumental undertaking is the Phuong Trach Tower, a striking 108-storey financial skyscraper, slated to be Vietnam's tallest building. It is even taller than Malaysia's ...
Read More
Angkor Wat Secures its Prestige as Eighth Wonder of the World, Surpassing Italy’s Pompeii
- 25 November 2023
In a momentous declaration, the esteemed status of the eighth wonder of the world was officially announced. Angkor Wat's ascension to this prestigious rank signifies its triumph over Italy's historic city, Pompeii. This declaration was made by Samdech Hun Manet, Prime Minister of Cambodia, on 24 November 2023. As per reports from India TV English News, the eighth wonder of the world, Angkor Wat...
Read More
ADB Fuels Cambodia’s Fiscal Evolution with a US$50m Boost
- 25 November 2023
The Asian Development Bank (ADB) takes a significant stride in fortifying Cambodia's financial landscape, greenlighting a substantial US$50 million loan to bolster the nation's public financial management (PFM) system, encompassing public investment. This noteworthy development is illuminated in an official ADB press release. Jyotsana Varma, ADB Country Director for Cambodia, underscores the pi...
Read More
WB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
- 24 November 2023
The World Bank warns that Cambodia's economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB's press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: The World Bank underscores the influence of ex...
Read More
Japan-Cambodia Association Set to Boost SMEs with New Phnom Penh Headquarters
- 24 November 2023
In a pivotal move to fortify economic ties and promote small and medium enterprises (SMEs), the Japan-Cambodia Association (JCA) unveils plans to inaugurate its office in Phnom Penh. His Excellency Takahashi Fumiaki, President of JCA, confirmed this strategic initiative during a meeting with His Excellency Sar Sokha, Deputy Prime Minister, and Minister of Interior on the afternoon of 22 November 2...
Read More
National Road 48 Upgrade Hits Milestone with 38.26% Completion
- 24 November 2023
The ongoing National Road No. 48 rehabilitation project has reached a significant milestone, achieving 38.26% completion as of 23 November. The project, aimed at enhancing the road's quality and overall infrastructure, is on track for its scheduled completion by the end of April 2025. This progress was updated in a recent inspection led by HE Peng Po, Minister of Public Works and Transport. Dur...
Read More
Gov’t Unveils Non-Tax Incentives to Revitalise 364 Stagnant Buildings in Sihanoukville
- 23 November 2023
In response to the challenge posed by nearly 400 incomplete buildings in Sihanoukville, hindering the city's progress, the Cambodian government has introduced groundbreaking initiatives aimed at revitalising these stagnant projects. Out of a total of 965 construction projects in Sihanoukville, equivalent to 1,069 buildings with a substantial investment capital of US$4,056,152,112, the urgency f...
Read More
Koh Norea Aspires to New Heights with a Towering 555-Metre Landmark
- 23 November 2023
In an audacious venture set to redefine Cambodia's skyline, the Overseas Cambodia Investment Corporation (OCIC) unveils plans for a colossal building soaring over 500 metres in the Koh Norea development area. OCIC Deputy General Director, Touch Samnang, confirmed the project on 21 November, revealing that despite initial intentions, the pandemic had temporarily delayed its implementation. Mr Sa...
Read More
KOICA’s US$2M Grant for Svay Rieng Irrigation & Water Supply Study Project
- 23 November 2023
The Korea International Cooperation Agency (KOICA) has bestowed a generous grant of US$2 million for the realisation of a vital feasibility study project. The initiative, focusing on the implementation of the ‘Water Supply and Flood Reduction Measures Project in the Prek Neal Basin in Svay Rieng Province’, marks a collaborative effort between Cambodia's Ministry of Water Resources and Meteorology ...
Read More