Canada-ASEAN Business Council Eyes Agro-Industrial Investments in Cambodia
The Canada-ASEAN Business Council (CABC) is actively exploring investment opportunities in Cambodia’s burgeoning agro-industrial sector, underscoring the nation’s potential as a hub for agricultural and food industry growth. This initiative was discussed during a meeting on 28 August 2024 between HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the […]
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Cambodia Seeks Japanese Assistance for Major Upgrade of NR No. 1 to Ease Traffic Flow
Cambodia has officially requested support from the Japan International Cooperation Agency (JICA) to upgrade NR No. 1, a key route stretching from Phnom Penh to Phnom Penh Autonomous Port, in a bid to alleviate traffic congestion and enhance the transportation of goods. This proposal was discussed during a meeting between the Ministry of Public Works […]
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Cambodian Gov’t Sets Ambitious USD 13bn Loan Ceiling Over Five Years
The Cambodian government has unveiled a comprehensive public debt management strategy for 2024-2028, setting a borrowing limit of up to US$13.5 billion over the next five years. This strategic plan outlines annual borrowing from financial institutions and foreign development partners, ranging between US$2.3 billion and US$2.7 billion. According to the new strategy, while the government […]
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Cambodia Welcomes Over 460k Chinese Tourists in Seven Months, Marking a 45% Increase
In the first seven months of 2024, Cambodia saw a significant boost in tourism with 463,980 Chinese tourists visiting the country, representing a 45.6% increase from the same period last year. This surge in visitors highlights the growing appeal of Cambodia as a travel destination for Chinese tourists, who now make up 12.4% of the […]
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Korean Incheon Airport Corporation Expands Global Footprint with USD 13bn Project in Vietnam
In a significant move to expand its global presence, Incheon International Airport Corporation has been selected as the preferred contractor for consulting services on the operation of Vietnam’s new Long Thanh International Airport. The project, which marks a major milestone in Southeast Asia, is set to reduce congestion at the overburdened Tan Son Nhat International […]
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Malaysia’s High-Speed Rail Project Gains Momentum Amid Hopes for China Extension
Malaysia’s long-anticipated High-Speed Rail (HSR) project, linking Kuala Lumpur and Singapore, is gaining traction with the potential to extend the line to China, which could significantly enhance its economic viability. The project, which is estimated to cost between USD 15.7 billion and USD 18 billion, represents a significant reduction from the original USD 24.7 billion […]
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Cambodian Gov’t Launches Free Travel Initiative to Boost Tourism in Northeast
The Cambodian government has announced the “Free Northeast Entertainment Program,” which allows citizens to travel for free to the Northeastern provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakkiri every weekend from September to December 2024. This initiative, unveiled by PM Hun Manet during the one-year achievements of the Government of the 7th legislature of the […]
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Gov’t Waives Penalties for Expired Tour Guide Licenses to Boost Tourism Sector
The Cambodian government has announced it will waive all transitional penalties for tour guides and translators whose licenses have expired, extending this exemption until 31 December 2024. This measure, introduced to alleviate the compliance burden and encourage license renewals, was confirmed by the Ministry of Tourism on 23 August 2024. The ministry’s announcement aims to […]
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Cambodia Unveils Land Grant Program to Empower the Poor & Protect Forests
The Cambodian government has announced a new initiative, the Land Grant-Protection Program for Sustainable Development, which aims to provide social land concessions to impoverished Cambodians to curb deforestation and illegal encroachment on state land. Prime Minister Hun Manet outlined the program’s objectives during a special statement on the one-year achievements of the Royal Government of […]
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South Korea & Japan Lead Indo-Pacific Supply Chain Crisis Response Initiative
In a significant move to safeguard the Indo-Pacific region’s supply chains, South Korea and Japan have taken the lead in establishing a crisis response network under the Indo-Pacific Economic Framework (IPEF). Announced by the South Korean government on 20 August, this network aims to ensure that member nations maintain access to vital supplies during emergencies, […]
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AI Revolutionises Real Estate: Navigating the Transformation & Mitigating Risks
Artificial Intelligence (AI) is rapidly transforming the real estate industry, introducing both unprecedented opportunities and significant risks. From reshaping marketing strategies to streamlining underwriting processes, AI is revolutionising every aspect of real estate—commercial, industrial, residential, and beyond. This critical transformation was discussed in detail by experts Peter D. Ballance, Jared Wachtler, and James Gatto published […]
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NR No. 4 Rehabilitation Project Reaches 66% Completion, Targeting 2026 Finish
The ambitious project to rehabilitate, expand, and upgrade NR No. 4 from Bek Chan commune in Kandal province to Bit Trang commune in Preah Sihanouk province has achieved a significant milestone, reaching 66.06% completion as of August 2024. The project is on track to be fully completed by the end of 2026, according to the […]
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