ADB Provides US$10m Loan to CP Bank for Boosting SMEs in Cambodia
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan agreement of US$10 million to support the recovery of micro, small, and medium-sized enterprises (MSMEs) in Cambodia from the COVID-19 pandemic by expanding their access to finance. At least 50% of the proceeds are marked to finance MSMEs led by women. “Improving MSMEs’ access to working capital and longer-ter...
Read MoreGov’t Studies Feasibility of Building New Road Along Railway in Toul Kork
The Phnom Penh Municipal Administration and the Ministry of Public Works and Transport are studying the feasibility of building a new road along the railway line from Phnom Penh International Airport behind the Techno School in Toul Kork district. According to a meeting between Phnom Penh Governor HE Khuong Sren and Executive Director of Cambodia Airports Cyril Girot on 13 February, if built,...
Read MoreKOICA Funds US$10m Mixed-Use Rural Development Projects Cambodia
KOICA will provide a US$10 million fund to implement the "Peace Village" project, a mixed-use rural development project in Banteay Meanchey, Battambang, and Pailin provinces. This announcement came according to a meeting between KOICA Vice President Yonghwa Shin and a delegation from the Ministry of Rural Development and Banteay Meanchey authority on 13 February. Peace Village is the plann...
Read MoreIndia Invests US$13bn to Build Country’s Longest Highway Connecting New Delhi & Mumbai
India officially broke ground on the first stage of its longest expressway, a route linking Delhi and Mumbai, as it makes a concerted infrastructure push to catch up with its geopolitical rival China. The expressway project is a new 1,386-kilometre four-lane road with a total budget of US$13bn which will eventually cut the road travel time between the country’s two biggest cities in half, to 1...
Read MoreCambodia Drafts New Sub-Decree on Energy Management as Investors Express Interest
The Ministry of Mines and Energy is drafting a new sub-decree to manage and improve the energy efficiency of electrical appliances, while Korean companies mull investing more in the energy sector in Cambodia. According to the official meeting on 9 February 9, the draft sub-decree aims to set regulations for the management and promotion of energy efficiency of electrical appliances in the Kingd...
Read MoreOCIC officially launches Chroy Changvar Gardens Project east of Phnom Penh
The Overseas Cambodian Investment Corporation (OCIC), a known local business conglomerate and real estate developer, on Saturday, launched Chroy Changvar Gardens – its latest residential project along the Tonle sap river, east of Phnom Penh's city centre. Attended by a senior member of Canadia Group, OCIC, and Mega Asset Management, the private and gated community project is located at the Chro...
Read MoreEnabling the Airports of Tomorrow with Digital Twins
By Steve Cockerell, acting industry marketing director, cities and campuses, Bentley Systems Supporting more than 87 million jobs around the world, the aviation industry contributes well over 4% of the global GDP. Working 24/7, 365 days a year, our airports are critical links within the global transportation systems that connect countries, communities, and businesses. Faced with changing dem...
Read MoreGov’t Urges Establishment of More Waste-Processing Plants
Secretary of State and spokesperson of the Ministry of Environment HE Neth Pheaktra has encouraged the private sector to establish more waste processing plants in Cambodia, as each year Cambodia produces more than 4 million tons of waste. HE Neth Pheaktra said on 9 February that recycling waste will help contribute to reducing the impact on the environment and build a sustainable community. ...
Read MoreAustralia Stops Using Chinese-made CCTV in All Key Administrative Buildings
The Australian government has decided to stop installing CCTVs made by Chinese tech companies in its government buildings, claiming those CCTVs could pose a security risk to the country, according to DW News on 9 February. Manufacturers such as Hikvision and Dahua have provided at least 913 CCTVs, intercoms, electronic inputs and video cameras at over 250 Australian government buildings. ...
Read MoreBentley Systems Launches iTwin Experience, iTwin Capture, & iTwin IoT to Extend iTwin
At the 2022 Year in Infrastructure Conference on 15 November, Bentley Systems announced new capabilities of its iTwin Platform, significantly extending the scope and interoperability of infrastructure data that engineering firms and owner-operators can use to create and leverage digital twins in design, construction, and operations workflows. The new iTwin Platform capabilities will power Bentl...
Read MoreConstruction on New US$60m Interior Ministry HQ 65% Complete
Construction on the new Ministry of Interior headquarters is over 65% complete and is scheduled to be final completion in July 2023, according to the announcement of the Ministry of Interior on 10 February. The new Ministry of Interior building is 9 floors high with a total area of 105,545 sqm. The construction began in November 2021 with a budget of US$60 million. (Read more) The new buil...
Read MorePM Hun Sen Announces Masterplan for New Economic Pole in Northwest Provinces
Cambodia Prime Minister Samdech Hun Sen has announced a master plan to establish a new economic pole based on "fish and rice" potential in Cambodia’s north western provinces. The announcement of a project to establish a "fish and rice economic pole" is in response to the Chinese president's investment interest in agricultural and hydrological development in the Tonle Sap Lake area. Chines...
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