BYD to Construct Two Electric Vehicle Service Centres to Revolutionise Cambodia’s Automotive Landscape
BYD, a renowned automotive company is making substantial strides in Cambodia, with the construction of two service centers underway, firmly establishing the brand's foothold in the nation. This promising endeavor was discussed during a significant meeting between Cambodia's Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and the De...
Read MorePrice Wars Drive Mitsubishi Motors Out of China to Move to Southeast Asia
In a strategic move, Mitsubishi Motors has taken the decision to cease automobile production in China. This significant shift in strategy comes as Mitsubishi grapples with sluggish sales in China, primarily attributed to the increasing popularity of electric vehicles (EVs) and the emergence of local automotive brands. As the curtains close on their Chinese operations, Mitsubishi Motors is poise...
Read MoreLandmark Achievement: Techo Santepheap National Hospital, Cambodia’s Largest Medical Facility, Officially Unveiled
A momentous milestone in Cambodia's healthcare landscape was reached as Techo Santepheap National Hospital, the nation's largest medical institution, was formally inaugurated after a dedicated 12-month construction period. The official inauguration ceremony, presided over by Prime Minister Hun Manet on 24 October 2023, marked the beginning of a new era in healthcare accessibility for the people of...
Read MoreCambodia Greenlights Over US$4bn in New Projects, Shows Remarkable 186% Surge in Eight Months
Cambodia is experiencing a remarkable surge in construction activities, as the Ministry of Land Management, Urban Planning, and Construction recently unveiled an astounding approval of more than US$4 billion for over 2,367 new construction projects. This phenomenal achievement represents an impressive 186% increase compared to the corresponding period in 2022, underlining the nation's resolute com...
Read MoreTransforming Koh Tonsay: Tourism Port Reaches the Halfway Mark on the Road to Progress
The enchanting allure of Koh Tonsay Island, nestled more than 4 kilometers off the shores of Kep province, is on the brink of transformation. The construction of the much-anticipated tourist port on this pristine island has reached a significant milestone, with completion now standing at an impressive 50%, marking remarkable progress since the project commenced at the end of 2021. Mr. Vao Sokha...
Read MoreRCCU, German Technology Transforms River Cleanup in Phnom Penh: 800 Tons of Waste Collected Within a Year
River Clean Clean Up (RCCU) initiative in Phnom Penh has employed cutting-edge German technology to extract a remarkable 800 tons of garbage from the Mekong, Bassac, and Tonle Sap rivers. This monumental achievement is complemented by the deployment of specialized boats equipped with advanced data collection capabilities, featuring drones and smart cameras empowered by Artificial Intelligence (AI)...
Read MoreChinese Bicycle Company Commits to Expanding Cambodian Factory to Match Shenzhen Headquarters in China
SHENZHEN XIDESHENG Bicycle Co., Ltd. (XDS), a leading Chinese bicycle manufacturer, has revealed ambitious plans to expand its Bavet-based factory, matching the scale of its headquarters in Shenzhen. This exciting news emerged during a pivotal discussion between Cambodia's Deputy Prime Minister and first Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and Ms. Chuqia...
Read MoreUnited States to Launch US$600bn Infrastructure Initiative Across Eurasia to Rival China’s Belt & Road Initiative
In a move set to reshape global economic dynamics, the United States, in collaboration with India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners, has unveiled a transformative mega-project estimated at over US$600 billion. This ambitious initiative aims to establish a comprehensive economic and trade network that will rival China's monumental "One Belt One Road...
Read MoreMOC & Chinese Investors Association Forge Tripartite Vision: Advancing Tourism, Education & Investment
The Ministry of Commerce of Cambodia and the Chinese Investors Association came together on 17 October 2023, to ink three pivotal Memorandums of Understanding (MoUs) in Beijing. These agreements aim to bolster various sectors, including tourism, education, and investment, within the burgeoning Sihanoukville Special Economic Zone. The visionary MoUs were jointly signed by Lok Chumteav Cham Nimol...
Read MoreBentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The...
Read MoreCambodia & Germany Forge Alliance for Enhanced Waste Management
In a significant step towards improving urban aesthetics and environmental sustainability, Cambodia and Germany have joined forces to strengthen the nation’s waste management strategy. The Ministry of Environment and the German Agency for International Cooperation (GIZ) have embarked on a collaborative project titled "Green Initiative for Chakra Economy for Sustainable Waste and Solid Waste Manage...
Read MoreChinese Railway Company Commits Over US$5bn for Ambitious Cambodian Railway Network Expansion
China Railway Construction Corporation (CRCC) is poised to propel Cambodia's infrastructure development forward with a colossal investment exceeding US$5.3 billion, spanning a total of 53 strategic projects. The Chairman of the Board of Directors of CRCC, Mr Wang Jianping, unveiled this ambitious vision during an audience with Cambodian Prime Minister Hun Manet in Beijing on 17 October. The foc...
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