Cambodia’s Economic Surge: 2023 Witnesses 44% Spike in Approved Investment Projects

The Council for the Development of Cambodia (CDC) gave the green light to 268 investment projects in 2023, marking a substantial 44% increase compared to the previous year. This surge in projects includes 247 new ventures and 21 expansions, reflecting a dynamic and expanding business landscape within the country. The total investment capital for these […]

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ASEAN Tourism Rankings 2023: Malaysia Takes the Lead, Thailand Secures Second Spot, Followed by Vietnam

Southeast Asia experienced a stellar revival in its tourism sector throughout 2023, with Malaysia emerging as the frontrunner in welcoming international visitors, boasting an impressive 26 million foreign tourist arrivals from January to November. Following closely, Thailand welcomed approximately 24.6 million tourists during the same period, underscoring the robust rebound of its tourism sector. Vietnam […]

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Paving the Way to Breathtaking Vistas: Bokor Mountain’s New Access Road On Track

In a significant stride towards enhanced connectivity and accessibility, the construction of the 61-kilometre road linking National Road No. 4 to the picturesque Bokor Mountain is now underway. Okhna Sok Kong, President of Sokha Hotel, conducted an inspection on 28 December 2023, revealing that the project has commenced the concrete pouring phase, a pivotal step […]

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Thai International Hospitality Giants Set to Make Global Impact in 2024

The resurgence of global tourism has propelled Thai hospitality powerhouses to venture beyond domestic boundaries, seizing opportunities in thriving international destinations. The preceding year witnessed robust profitability for many hotel management firms, with several surpassing pre-pandemic average daily room rates, particularly in prime global locations, according to the Bangkok Post on 2 January 2024. Minor […]

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NEC Breaks Ground on State-of-the-Art Office Building Valued at Over US$20m

In a momentous ceremony held on 2 January 2024, HE Prach Chan, Chairman of the National Election Committee (NEC), presided over the groundbreaking event for the NEC’s new office building—a prestigious project valued at over US$21 million. Nestled on Lot 71, Sothearos Street, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, this iconic structure signifies a […]

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Angkor Ticket Sales Earn More Than US$37m Revenue in 2023

Cambodia garnered a remarkable US$37,198,988 from the sale of Angkor tickets in the first 12 months of 2023. This staggering revenue, earned from 798,069 foreign tourists, reflects a remarkable 222.68% surge compared to the same period in 2022, according to the Angkor Institute updated reports on 1 January 2024. The allure of Angkor Wat continues […]

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Japan Plans to Build 10k Homes for Digital Nomads as Statistics Reach 1bn by 2035

In a groundbreaking initiative, Mitsubishi Estate has announced its vision to provide accommodation for the growing wave of digital nomads in Japan, aiming to operate 10,000 rental homes by 2030. The real estate giant has recently entered into a licensing agreement with the U.S.-based peer, Blueground Holdings, renowned for its specialised housing services, marking the […]

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Bentley Systems Wins Three Top Honors at the 2023 Construction Computing Awards

Bentley Systems, Incorporated the infrastructure engineering software company, today announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions. The judges chose Bentley’s ProjectWise as “Collaboration Product of the Year 2023.” As Bentley’s flagship application […]

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CDC Invites Chinese Companies to Invest in Designated 1k Hectare of Land Near New Siem Reap Airport

A senior official of the Council for the Development of Cambodia (CDC) is paving the way for Chinese investment giant Yunnan Construction Group to establish a special economic zone near the cutting-edge Siem Reap Angkor International Airport. This strategic initiative, anticipated to unfold in 2024, holds the promise of catalysing investments and fostering cross-border economic […]

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Bentley Creates Virtual Singapore in 3D as a Revolutionary Model of Global Urban Design

Bentley Systems has pioneered a groundbreaking virtual application that leverages real-time data to project a 3D map of Singapore, revolutionising the way urban planning is approached. This innovative platform, known as Virtual Singapore, offers a dynamic 3D digital replica of the city-state, built on topographical and real-time, dynamic data. It serves as the authoritative platform […]

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China Spearheads Global 5G with 2.84m Base Stations, Zhejiang Alone has Over 220,000

In a remarkable stride towards technological advancement, Zhejiang province, renowned as an e-commerce hub in East China, has proudly announced the establishment of an extensive network comprising more than 220,000 5G base stations. This revelation was made by Li Min, Deputy Director of the Provincial Economy and Information Technology Department, during the 2023 Yangtze River […]

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China Unveils Strategic High-Speed Railway Link to Vietnam, Boosting ASEAN Trade Ties

In a significant move to deepen economic ties with Southeast Asian nations, China has inaugurated the Fangdong Railway, the first high-speed railway connecting a Chinese city on the Vietnam border to the national network. The 47km Fangdong Railway, running between Fangchenggang and Dongxing, emerges as a pivotal infrastructure project, symbolising Beijing’s commitment to fostering trade […]

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