ADB Partners with Two Cambodian Institutions to Drive Development with USD 360m Annual Investment
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia’s development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth […]
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Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs […]
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PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed […]
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Cambodia Approves USD 5.79 Billion Investment in 23 Renewable Energy Projects
In a landmark move to revolutionize its energy landscape, the Cambodian government, under the leadership of PM Hun Manet, has approved 23 power projects with a total investment of nearly USD 5.79 billion. The projects, spanning 2024 to 2029, aim to significantly boost the nation’s renewable energy capacity, marking a bold shift towards clean and […]
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Ministry of Land Launches Coastal Urban Design Competition to Attract Investment & Boost Tourism
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has launched an ambitious design competition project to revitalize Cambodia’s coastal regions to drive economic development, boost tourism, and attract foreign investment. The competition, themed “Cambodia, My Motherland, My City, My Coast, My Heart,” focuses on enhancing urban planning in key coastal provinces, including Kep, […]
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Cambodia & Japan Enhance Trade Ties to Boost Cambodia’s Cashew Export Potential
To bolster Cambodia’s agricultural export potential, particularly in the cashew sector, the Ministry of Commerce of Cambodia and the Japan External Trade Organization (JETRO) in Osaka have reaffirmed their commitment to collaboration. High-level discussions took place on 18 September 2024 at JETRO headquarters in Osaka, Japan, highlighting strategic cooperation to strengthen Cambodia’s exports of key […]
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Chinese Major Firm, CGN, Eyes Investment in Cambodia’s RE as Part of Its Global Expansion in 16 Countries
China’s CGN Energy International Holdings Co., Limited. (CGNEI) has expressed keen interest in investing in Cambodia’s renewable energy sector as part of its ambitious global operations spanning 16 countries. The company currently manages 49 green energy projects worldwide and seeks to expand its presence in Southeast Asia, including Cambodia. During a meeting held on 25 […]
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ADB Revises Cambodia’s 2024 Growth Forecast from 6% to 5.8% as Exports and Tourism Recover
The Asian Development Bank (ADB) has revised its economic growth projection for Cambodia in 2024, lowering it from 6% to 5.8%, reflecting cautious optimism amidst recovering exports and a strong tourism rebound. These changes were noted in the ADB’s latest economic outlook report, released on 5 October 2024. This adjustment aligns with earlier forecasts by […]
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Siem Reap Becomes Cambodia’s 10th Open Defecation-Free Province, Leading the Way for a Cleaner Future
Siem Reap has officially become Cambodia’s 10th province to achieve open defecation-free (ODF) status, a milestone announced on 26 September 2024. This accomplishment is part of a national effort to eradicate open defecation across the country, following in the footsteps of Svay Rieng, Prey Veng, Kandal, Kampong Speu, Kampong Chhnang, Kep, Sihanoukville, Kampong Cham, and […]
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Apple Commits USD 250 Million on New Campus in Singapore Aiming to Expand Market in ASEAN
Apple has announced a USD 250 million expansion of its Ang Mo Kio campus in Singapore, reinforcing its presence in Southeast Asia with construction set to begin this year, according to Thailand-business news dated 4 September 2024. The project will utilize 100% renewable energy and target LEED certification, highlighting Apple’s dedication to sustainability. The announcement […]
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Becoming Bentley: 40 Years Ago, Bentley Brothers Launched A Software Company That Helped Change How We Live
Five brothers enamoured with computers and their potential pursued a bold idea to create software that could revolutionise how engineers design and build things. They spent the last four decades developing engineering software that has helped shape infrastructure around the world, helping make roads and bridges more resilient, water systems more sustainable, and communities more […]
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China & Thailand to Build Digital Ecosystem for Smart Cities & Cross-Border Trade
China and Thailand are joining forces to create a robust digital ecosystem aimed at developing smart cities and enhancing cross-border trade, with Chinese technology playing a pivotal role across Southeast Asia. The Digital Economy Promotion Agency of Thailand, in collaboration with cities like Shenzhen and Hangzhou, as well as Guangxi and Yunnan provinces, is spearheading […]
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