Prime Business Location in Phnom Penh: The Standard Diamond Project by Borey Peng Huoth
Amidst recent economic shifts, many businesses have faced disruptions, yet the 60-metre road area in Phnom Penh is witnessing a notable resurgence. A standout location within this zone are the shophouses at Borey Peng Huoth’s The Standard Diamond Project, offering a prime opportunity for new ventures. These shophouses are strategically located along the main road […]
Read More
Cambodia’s First Concrete-Floored Historical Canal 260km in Length Reaches 76% Completion
The Cambodian government is nearing the completion of a historic 260-kilometre canal project, set to be the first in the country to feature a concrete pavement at its bottom. Construction has reached 76.77% completion. This significant milestone was highlighted by PM Hun Manet during an inspection of the Stung Prek Tnaot irrigation system on 14 […]
Read More
Morocco to Spend US$1.2bn to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
A transformative project is underway in Dakhla, a city on Morocco’s southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN on 28 May 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla […]
Read More
Cambodia Attracts Over US$246m in New Investments in May, Half from China
In May 2024, Cambodia secured over US$246 million in new investment projects, with nearly 50% of the funds coming from China. The Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion, which are expected to generate approximately 15,000 jobs for Cambodians. This information was released in a press statement […]
Read More
Kampong Speu Authorities Confiscate Over 3,400 Hectares of Forest Land in Oral Mountain Sanctuary
Kampong Speu provincial authorities have confiscated an additional 3,434 hectares of forest land in the Oral Mountain Wildlife Sanctuary, reclaiming it as state property. This decision follows the recent confiscation of more than 1,400 hectares of forest land earlier in 2024, as stated in the order dated 7 June 2024. The order mandates the confiscation […]
Read More
Giant Tech-Companies Rushing to Install AI Technology Centres & Cloud Storage Stations in Malaysia, Indonesia, Singapore & Thailand
Google announced on 22 May 2024 that it will invest US$2 billion in Malaysia to develop its first data centre and Google Cloud station in the country, marking a significant expansion into Southeast Asia. This investment aims to bolster Malaysia’s digital ambitions by leveraging artificial intelligence (AI) and advanced technologies to elevate local industries within […]
Read More
ADB Commits US$1.26bn to Support Cambodia’s Sustainable Development
The Asian Development Bank (ADB) has unveiled its latest country partnership strategy for Cambodia, committing approximately US$1.26 billion to support the nation’s sustainable development and economic growth. This announcement was made during the inauguration of ADB’s new office on 12 June 2024, presided over by Deputy Prime Minister and Minister of Economy and Finance HE […]
Read More
Phnom Nam Lear & Phnom Kulen to Become Geographical Heritage Conservation Areas
The Ministry of Environment has announced plans to transform Phnom Kulen and Phnom Nam Lear into Geo-Parks, aiming to preserve the earth’s geographical heritage. Concurrently, a three-hectare regional nursery project in Phnom Kulen has been completed. This development was confirmed by Mr. Eang Sophalleth, Minister of Environment, during a meeting with Prof. Dr. Watanabe Koichiro, […]
Read More
Dubai Issues Golden Visa: A Luxury House Costs US$24m, Still Cheap for Chinese Buyers
Dubai’s Booming Market and Golden Visa Scheme Lure Investors from Mainland China and Hong Kong Fuelled by a thriving real estate market and a fast-track residency program, Dubai is rapidly becoming a top destination for property investors from mainland China and Hong Kong, according to industry experts. This shift in investor focus comes after years […]
Read More
Banteay Meanchey’s Irrigation Project Achieves Over 45% Completion
The ambitious irrigation development project aimed at mitigating flood disasters in Banteay Meanchey province has reached a significant milestone, achieving 45.07% completion. This progress was confirmed by Mr Ponh Sach, Secretary of State of the Ministry of Water Resources and Meteorology, during a project inspection on 8 June 2024. In an interview with PM Hun […]
Read More
Gov’t Confiscates Nearly 30,000 Hectares of Illegally Occupied Land in Stung Treng
The Department of Agriculture, Forestry, and Fisheries of Stung Treng Province has announced the confiscation of 28,872.477 hectares of land illegally encroached upon by various individuals. Occupants have been instructed to dismantle their structures and vacate the land by 30 June 2024. This directive follows measures to prevent and reclaim illegally occupied land, as detailed […]
Read More
East Asian Powers Renew FTA, But Expert Asks ‘Will Xi Jinping Seal the Deal?’
Japan, South Korea, and China have revived efforts to strengthen commercial ties, seeking progress on stalled free trade agreement (FTA) negotiations during their first joint summit in over four years. The summit, held in Seoul early this week, marks a significant step in bolstering economic cooperation between the three nations. This information was published by […]
Read More