Malaysia & Cambodia Unveil Cross-Border QR Payment Linkage
In a major milestone for regional digital payments, Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have successfully launched a cross-border QR payment linkage between Malaysia and Cambodia, aiming to connect over five million merchants across both countries, according to Asianbankingandfinance dated 20 September 2024. This ambitious initiative, which reached the end […]
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Revolutionizing Transportation: The Shift to Sustainable Infrastructure
Embracing Digital Innovation for Efficient and Risk-Free Construction The transportation industry is increasingly focused on promoting sustainability through infrastructure projects. In order to achieve this, industry leaders are embracing digital workflow. Bentley’s rail construction planning solution empowers projects to transition from traditional PDFs to 3D and 4D model-based workflows, seamlessly integrating design and construction and […]
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Japan Grants USD 54m Loan for Power Transmission Expansion in Phnom Penh
Japan has extended a concessional loan exceeding USD 54 million to support the second phase of Phnom Penh’s power transmission and distribution system expansion. The loan marks the third funding package to enhance the city’s electricity infrastructure, with plans to build substations and transmission lines connecting to the Chbar Ampov district. The agreement was officially […]
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Honda to Expand Capital Investment in Cambodia After 25 Years of Success
Honda Motor Co., Ltd., through its local partner N.C.X. Co., Ltd, has announced plans to expand its investment in Cambodia, marking over 25 years of successful operations in the country. The decision followed a high-level meeting on 20 September 2024 between Prime Minister Samdech Hun Manet and Mr. Minoru Kato, Executive Director and Vice President […]
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Cambodian Gov’t Secures Over USD 313m in Concessional Loans to Boost Public Investment
The Cambodian government signed new concessional loans totalling USD 313 million with development partners in the first half of 2024, bringing the nation’s public debt to USD 11.27 billion. The Ministry of Economy and Finance recently reported that these new loans, equating to 14% of the legally permitted ceiling, will fund vital public investment projects […]
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Cambodian PM Pushes Forward with Major Development of Four Northeastern Provinces Despite CLV-DTA Withdrawal
Cambodia’s Prime Minister, Samdech Thipadei Hun Manet, has reaffirmed the government’s commitment to advancing the development of four northeastern provinces despite the nation’s recent exit from the Cambodia-Laos-Vietnam Development Triangle Cooperation (CLV-DTA). The premier made the announcement via a special voice message on 23 September 2024, underscoring that the Royal Government will proceed with essential […]
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Chinese Firm to Revolutionise Cambodia with Cutting-Edge 3D AI Display Technology
A leading Chinese company specializing in 3D-AI-free digital display technology has announced plans to invest in Cambodia, bringing advanced 3D displays that require no glasses integrated with 5G technology. The move signals an exciting new chapter for Cambodia’s tech landscape, with the Ministry of Information confirming the development on 16 September 2024. During a high-level […]
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Indonesia Eyes Cambodian Rice Producers to Boost National Food Security
Indonesia’s state-owned food logistics company Bulog is exploring a plan to acquire rice producers in Cambodia to secure domestic rice supply amid declining local production. Indonesia’s rice production has faced setbacks, with national output decreasing by 1.39% to 31.10 million tons in 2023 from 31.54 million tons in 2022, according to data from Statistics Indonesia, […]
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Takeo Authorities to Bolster Security with Camera & Streetlight Installations
Takeo provincial authorities have announced plans to enhance public safety by installing security cameras and additional street lights in key urban areas, parks, and public spaces to address growing concerns over insecurity and social order issues. The initiative, revealed by HE Vy Samnang, Governor of the Takeo Provincial Board of Governors, aims to mitigate risks […]
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Ministry of Land Pledges to Complete Nationwide Land Title Registration by 2028
Cambodia’s Ministry of Land Management (MLMUPC) has committed to completing the registration of over 1 million remaining land plots by December 2028. Speaking at the opening ceremony of the CAMBUILD Exhibition on 11 September 2024, Deputy PM and Minister of Land Management, HE Says Samal, reaffirmed the ministry’s dedication to fulfilling this national priority. This […]
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Minebea Breaks Ground on USD 200m Factory in Pursat SEZ
Japanese electronics giant Minebea officially commenced construction of its USD 200 million factory on a 50-hectare site within the Krakor SEZ, Pursat province on 20 September 2024 by HE Deputy Prime Minister Sun Chanthol, First Vice President of the Council for the Development of Cambodia, along with HE Keo Rattanak, Minister of Mines and Energy, […]
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Cambodia-Indonesia Trade Volume Surpasses USD 1bn in 2023 with 15% Growth
In a significant boost for bilateral relations, Cambodia and Indonesia achieved a trade volume exceeding USD 1 billion in 2023, marking a robust 15% increase compared to the previous year. Lok Chumteav Chamnimol, Cambodia’s Minister of Commerce, shared these insights during the “Hello Indonesia” exhibition on 13 September 2024. The minister emphasized that this remarkable […]
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