The Cambodian government has announced to stop accepting funding for the construction of the border ring road by October 31
As of now, the Cambodian government has raised over $26 million for the construction of border infrastructure and will stop accepting donations after October 31, 2024. According to an announcement from the Cabinet of Samdech Thibodi Hun Manet, Prime Minister of the Kingdom of Cambodia, released on October 20, 2024, nearly 700,000 citizens have collectively […]
While China controls most of the real estate market, Japan continues to dominate ASEAN’s major economies
Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia remains more focused on tertiary industries like finance, construction, and real estate, and is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China’s FDI in these sectors may complement, rather […]
Australia-Cambodia jointly launch food quality analysis laboratory in Cambodia
Australia and the Institut Pasteur du Cambodge have officially launched a food quality testing service in Cambodia, as announced in a press release from the Australian Embassy on October 16, 2024. This initiative aims to provide accredited testing services, following ISO standards, for the analysis of pesticides and heavy metals in food products. It is […]
VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
MLMUPC plans to renovate 2 boulevards in Phnom Penh using AI technology
The Ministry of Land Management, Urban Planning and Construction plans to renovate two major boulevards in Phnom Penh, Norodom Boulevard and Sisowath Quay, using artificial intelligence (AI) technology. During a recent workshop, HE Leang Monirith, Secretary of State of the Ministry, shared this information. At the workshop, Brian Wong, an architectural expert from Singapore, shared […]
Bassac River Crossing Project (Chak Angre Krom – Prek Pra) Achieves 14% Completion
As of mid-October 2024, the Bassac River Crossing Project (Chak Angre Krom – Prek Pra) has reached 14.50% completion. This update was provided by the Ministry of Public Works and Transport on October 17, 2024. Following eight months of construction that began on February 19, 2024, the bridge project is progressing steadily. Once completed, the […]