Cambodia Seeks Japanese Support for Vital Flood Protection and Irrigation Rehabilitation Projects

The Ministry of Water Resources and Meteorology (MWRM) has initiated discussions with Japan, seeking assistance for three pivotal projects focused on flood protection and irrigation restoration. This request came to light during a meeting between HE Tho Chetha, the Minister of MWRM, and HE UENO Atsushi, Ambassador Extraordinary and Plenipotentiary of Japan, along with Mr SANUI Kazumasa, President ...

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Gov’t Pushes for Elevated Construction Standards: Private Sector Collaboration with NCL

The Ministry of Land Management, Urban Planning, and Construction (MLUPC) is actively encouraging private sector engagement to enhance construction technical standards in the nation. The initiative involves fostering cooperation between the private sector with the National Construction Laboratory (NCL) through the signing of memorandums of understanding to establish precise quality benchmarks for ...

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Gov’t Takes Proactive Measures: Nine Standardised Evacuation Centres to Safeguard Against Increasing Floods

The National Committee for Disaster Management (NCDC) has taken proactive steps to establish nine standardized evacuation shelters. These shelters, constructed in accordance with rigorous technical standards, represent a critical component of the nation's disaster preparedness strategy, according to the NEC on September 1, 2023. Senior Minister and First Deputy Chairman of the NCDD, HE Kun Kim,...

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New Thai PM Unveils Bold Plan: Thailand to Welcome Chinese 30 Million Visitors

Immediately after taking office, Thailand's new prime minister unveiled a strategic plan aimed at attracting 30 million international tourists by the end of the year. The launch of the Thai economic recovery plan came on 25 August after he stressed the important role of tourism in the country's short-term economic recovery, according to channelnewsasia on 1 September 2023. Under Thavisin's visi...

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Cambodia’s Angkor Wat Ticket Sales Soar, Generating Over US$23 Million in Just Eight Months

Cambodia has raked in an impressive US$23,091,931 in revenue from Angkor Wat ticket sales during the first eight months of 2023, drawing 498,513 foreign tourists, according to a report released by the Angkor Institute. This marks a staggering 419.58% increase compared to the same period in 2022. In August 2023 alone, the Angkor Institution reported US$2,774,586 in revenue from the sale of 59,14...

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Bentley Systems Announces the Finalists of 2023 Going Digital Awards in Infrastructure

Winners to Be Announced on October 12 at Bentley’s 2023 Year in Infrastructure and Going Digital Awards Event in Singapore EXTON, Pa. – 30 August 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the finalists of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley s...

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China to Set Up More Than 50 Agricultural Factories in Kampong Speu

A groundbreaking economic partnership is on the horizon for Cambodia's Kampong Speu province, as Chinese investors hailing from Henan province pledge to establish more than 50 agricultural enterprises. This ambitious initiative is set to focus on cattle and pig farming, as well as beef and pork processing, and was announced on the official Facebook page of HE Vy Samnang, Governor of Kampong Speu P...

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New PM Dr Hun Manet Advocates for Workplace Nurseries & Kindergartens to Support Cambodian Workers

Cambodia's new Prime Minister, HE Dr Hun Manet, has proposed the establishment of community nurseries and kindergartens in close proximity to factories. This visionary move would facilitate working parents to ensure their children receive proper care and early education. HE Dr Hun Manet made the recommendation while addressing over 18,000 factory workers in Takhmao city, Kandal province, on 1 S...

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Cambodia-Korea Partnership Transforms Run Ta Ek & Pak Sneng Villages into Unique Khmer-Contemporary City

AGENT21 GLOBAL, collaborating with a prominent Korean corporation, is embarking on a transformative journey to evolve Run Ta Ek Natural Village and Pak Sneng Village into a city that seamlessly blends Khmer heritage with contemporary living. The partnership was marked by a groundbreaking ceremony for model house construction and the unveiling of Khmer-style homes on 1 September 2023, in Siem Re...

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New Director of EDC Sets Ambitious Agenda: Tackling Rising Electricity Prices & Energising Sustainable Sources

HE Prang Chulsa, New Director General of Electricite du Cambodge (EDC) unveiled a forward-looking agenda aimed at stabilizing electricity prices and diversifying Cambodia's energy portfolio in a promising inauguration ceremony address on 1 September 2023. With unwavering resolve, he pledged, "We will leave no stone unturned in our quest to devise strategies that align with the Royal Government'...

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Gov’t Updates & Establishes 33 National Parks & Protected Areas Expanding to Over 2m Hectares

The Government of Cambodia has embarked on an ambitious endeavor to renovate and establish 33 national parks and protected areas, encompassing an expansive total of 2,574,476.41 hectares. This decision underscores the nation's commitment to safeguarding its natural and cultural heritage. The creation and expansion of these protected areas are guided by a noble purpose - the preservation and pro...

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Three Catalysts for Potential Growth of Asian Stocks​ in H2 2023

As the global stock market maintains a "neutral" stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, according to Schroders’...

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