China Secures Global Dominance with Unmatched Number of Nuclear Power Units Under Construction
China's unwavering commitment to nuclear power has propelled it to the forefront of global energy leadership, as confirmed by the latest blue book issued by the China Nuclear Energy Association (CNEA) on Wednesday. The report reveals that China currently leads the world with an impressive 24 nuclear power units under construction, boasting a staggering total installed capacity of 26.81 million ...
Read MoreMassive Infrastructure Investments, at Least US$13.8b, Crucial for Asia’s Economic Growth, Asian Development Bank Urges
The Asian and Pacific region is standing at a critical juncture, as the Asian Development Bank (ADB) emphasizes the urgent need for substantial infrastructure investments to sustain economic growth, alleviate poverty, and combat climate change. A recent report released by the ADB on April 02, 2023, reveals that an estimated investment of $13.8 trillion or $1.7 trillion annually from 2023 to 2030 i...
Read MoreChinese Firm Granted Approval to Build State-of-the-Art Multi-Purpose Port in Kampot Province
Kampot province is set to witness the development of a cutting-edge multi-purpose port as China Harbour Engineering Company Ltd (CHEC), a renowned Chinese firm, has been granted permission to construct the Kampot multi-purpose port. Following a year of meticulous soil analysis and infrastructure preparation, the signing ceremony of the construction contract took place on May 5 under the auspices o...
Read MoreCambodia and Japan Plan to Establish More Private Business Centers as Trade Volume Exceeds US$2.4 Billion
The bilateral trade volume between Cambodia and Japan is set to surpass US$2.4 billion in 2022, prompting discussions to establish more Cambodian private business centers by 2023. This was announced during the opening ceremony of the "Cambodia Expo 2023" event held in Tokyo on May 3, 2023. According to HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary of State of the Ministr...
Read MoreExclusive Bus Lines Launched by Government for Seamless Access to Phnom Penh’s Spectacular SEA Games
To ensure hassle-free transportation for national and international visitors attending the highly anticipated 32nd Southeast Asian Games and the 12th ASEAN Para Games 2023, the Phnom Penh Capital Administration has introduced two dedicated express bus lines. This announcement, made on 5 May 2023, underscores the government's commitment to providing convenient and efficient travel options during th...
Read MoreJICA funds US$167 M to Advance Rural Connectivity with Over 500km Road Improvement Project
The Government of Japan, through the Japan International Cooperation Agency (JICA), is poised to inject US$167 million into funding projects aimed at enhancing the quality of over 500 kilometers of rural roads across four targeted provinces in northwestern Cambodia. The plans were unveiled by HE Ouk Rabun, Minister of Rural Development, and Mr. Sanui Kazumasa, the newly appointed President of JICA...
Read MoreAustralia Collaborates with Cambodia to Establish Groundbreaking Agri-Food Industrial Park for Enhanced Competitiveness
In a groundbreaking partnership, Australia is teaming up with Cambodia to establish the country's first Agri-Food Industrial Park (AIP) with the aim of enhancing market competitiveness. The Australian Embassy officially announced this significant collaboration on 3 May 2023 through their official Facebook page. The Agri-Food Industrial Park will serve as a hub for Agri-Food processing, research...
Read MoreGov’t Approves Comprehensive Environmental and Natural Resources Law to Propel Green Development
In a significant move towards sustainable development, the Cambodian Government has granted approval to the draft law of Environment and Natural Resources. The draft, consisting of 12 chapters and 865 articles, received the endorsement of the Council of Ministers during its plenary session on 28 April 2023. This comprehensive legislation aims to consolidate and streamline existing laws and regu...
Read MoreGov’t Allocates 649 Hectares of Land in Toek Poss District to Private Firm for Development
In a significant move, the Cambodian Government has approved the allocation of 649 hectares of land in Teuk Phos District to private firm One Fraternity Co., as stated in Sub-Decree No. 154, translated on 26 July 2022. This sizable parcel of land within the Oral Wildlife Sanctuary encompasses Kdol Sen Chey Commune and Chiep Commune in Teuk Phos District, Kampong Chhnang Province. The land ha...
Read MoreUS$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024
The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia's increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for Coopera...
Read MoreRoyal Railway and Three Companies Sign MOU to Develop Land Along Railway Line
Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land along the railway line from Poipet to Si...
Read MoreGOV’t Plans to Develop Seabed War Museum on Takeav Island
Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and international tourists. The provincial adm...
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