Five EU Countries Invests €5Billion in “Rail Baltica”, An Unprecedented Model for Global Infrastructure
In a groundbreaking initiative to transform Baltic connectivity, “Rail Baltica” emerges as a trailblazing greenfield rail transport infrastructure project. This ambitious endeavor seeks to seamlessly integrate the Baltic States into the European rail network, involving five European Union countries: Poland, Lithuania, Latvia, Estonia, and indirectly, Finland. A monumental leap in regional development, it stands as […]
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Chinese bankrupt Evergrande sells 30% stake to state-owned company to pay off debt
In response to the complex dynamics in China’s property sector, Evergrande, the globally renowned real estate developer, has taken a strategic step by selling its 30% stake in the Shanghai North Bund Project to state-owned China Everbright Group. The move, disclosed in a statement to the Hong Kong Exchange, is valued at 663.15 million yuan […]
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118 Nations Commit to Tripling RE Capacity by 2030 at COP28, China and India Yet to Sign
In a landmark move at the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change in the United Arab Emirates (UAE), 118 countries have pledged to triple global renewable energy capacity by 2030. The ambitious commitment, announced as part of the Global Acceleration for Decarbonization initiative during COP28 in Dubai, […]
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Cambodia and the UK Forge Green Partnership: A Milestone in Sustainable Infrastructure Development
Cambodia and the United Kingdom inked a Memorandum of Understanding (MoU) signaling a commitment to foster investment in green infrastructure projects within the Kingdom. The MoU, signed by His Excellency Meas Sok Sen San, Secretary of State of the Ministry of Economy and Finance, and His Excellency Dominic Williams, UK Ambassador Extraordinary and Plenipotentiary to […]
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ADATA Unveils Ambitious $100 Million Investment in Cutting-edge Technology Plant in Cambodia
ADATA Technology Co., Ltd., a globally renowned Taiwanese DRAM memory manufacturer, has officially declared its commitment to a staggering US$100 million investment in various electronic products within the country. The announcement came during a press conference at Sofitel Phnom Penh Phokeethra on 14 December 2023, attended by HE Nim Vannak, CEO of ACE Group, and […]
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ADB-Funded Wastewater Project in Kampot Enhances Environmental Sustainability with US$20m Investment
The Asian Development Bank (ADB) has played a pivotal role by extending a US$20 million loan for the construction of a state-of-the-art sewer system and wastewater treatment plant in Kampot province. The culmination of this impactful project was marked by an official inauguration ceremony on 15 December 2023, attended by key dignitaries, including HE Peng […]
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Cambodia’s Exports Surge to Over US$20bn, Marking a Resilient 1.2% Growth in 2023
Cambodia has recorded a noteworthy surge in exports, surpassing the US$20 billion mark in the first 11 months of 2023. The General Department of Customs and Excise of Cambodia reports a commendable 1.2% increase compared to the corresponding period in 2022, showcasing the nation’s steadfast position in the global trade landscape. From January to November […]
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Gov’t Spearheads Inter-Ministerial Task Force for Phnom Penh Light Rail & Metro Ventures
In a decisive move to propel Cambodia’s urban transportation infrastructure, the Cambodian government has issued a landmark decision, establishing an inter-ministerial task force dedicated to expediting the study and development of the Phnom Penh light rail project connecting to the new airport and the Phnom Penh subway. The decision, dated 17 November 2023, under No. […]
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CRBC Advances Phnom Penh-Siem Reap-Poipet Expressway Project, Anticipates Completion of Feasibility Study in 2024
China Road and Bridge Corporation (CRBC) is conducting a preliminary feasibility study for the Phnom Penh-Siem Reap-Poipet Expressway. The latest update from the first meeting of the Inter-Ministerial Commission held on 13 December, highlighted CRBC’s commitment to completing the feasibility study for the Phnom Penh-Siem Reap section by February and the Siem Reap-Poipet section by […]
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Cambodian Gov’t Not Yet Approved Vietnam’s Proposal for Importing 2,500 Electric Taxis
Vingroup, the prominent Vietnamese conglomerate, has sought approval from the Cambodian government to initiate a groundbreaking project involving the deployment of 2,500 electric taxis in key cities such as Phnom Penh, Siem Reap, and Sihanoukville. However, the proposal has not yet been approved by Cambodian Prime Minister Samdech Hun Manet, as revealed by the press […]
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Real estate exemplars succeed at the 18th PropertyGuru Asia Property Awards Grand Final
GUOCOLAND WINS BEST DEVELOPER (ASIA) WHILE DEVELOPERS FROM INDONESIA TRIUMPH WITH THE MOST REGIONAL WINS BANGKOK, Thailand — PropertyGuru Group (NYSE: PGRU) today announced the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, at The Athenee Hotel, a Luxury Collection Hotel, […]
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MLMUPC Highly Commends CCA’s Remarkable Contributions to Cambodia’s Construction Advancement
Within 10 months in 2023, the Ministry of Land Management, Urban Planning and Construction has issued 2,924 construction licenses for projects with a total floor area of 12,335,043 m2 and an investment of approximately US$ 5,109,471,023. There are 146 projects upstairs, equivalent to 154 buildings, housing projects and housing complexes, there are 79 projects, equivalent […]
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