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ខ្មែរ International News
Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3m Cubic Metres Demand
- 25 June 2024
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country's annual demand of 2.3 million cubic metres. This recommendation follows a feasibility study indicating Cambodia's ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 June 2024. The feasib...
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Construction Begins on Quảng Trị’s US$580m Deep-water Port After 4-Year Delay
- 15 April 2024
Construction of the long-awaited Mỹ Thủy deep-water port project in Quảng Trị Southeast Economic Zone finally commenced on Monday, following a four-year delay, according to Vietnamnews on 26 March 2024. Approved by the Prime Minister on 4 January 2019, with a total investment of VNĐ14.2 trillion (US$580 million), this project is of paramount importance to Quảng Trị province. It not only serves ...
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COP28 Targets Tripled Renewable Energy by 2030, Unveils Asia’s US$7bn Solar and US$58bn Wind Power Market
- 2 April 2024
At the recent COP28 summit in Dubai, the world witnessed a monumental agreement among over 100 nations to triple renewable energy production by 2030. This ambitious pact, unparalleled in its scale and urgency, aims to nearly double the current annual growth rate of renewable sources like wind, solar, and geothermal power, heralding a decisive step towards combating climate change, according to an ...
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Bentley Systems Issues Call for Nominations for the 2024 Going Digital Awards in Infrastructure
- 17 March 2024
Winners to be Selected and Announced at The Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, Pa. – March 14, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced its call for nominations for the 2024 Going Digital Awards in Infrastructure. The awards, which are judged by independent juries of industry experts...
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Westports Holdings Explores External Investors for US$8.3bn Expansion Amidst Southeast Asia’s Port Race
- 18 February 2024
Westports Holdings Bhd., Malaysia's largest port operator, is contemplating the inclusion of external strategic investors to facilitate the funding of its ambitious 39.6 billion ringgit (US$8.3 billion) expansion. The plan involves nearly doubling the port's capacity over the coming decades, positioning it as a key player in the competitive Southeast Asian port landscape, according to Bloomberg on...
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Hong Kong Economists Predict Global Economic Inflation to Remain Stagnant at 10% in 2024
- 13 February 2024
As the world steps into 2024, the global economy finds itself at a crossroads, grappling with a delicate balance of risks that could shape the trajectory of the year. Schroders, in their insightful analysis on 1 February 2024, sheds light on a nuanced economic landscape, hinting at potential challenges and opportunities. Schroders underscores a notable risk concerning the effectiveness of monet...
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While China-Western Trade Tension Increases, China-ASEAN Trade Increases, with US$616bn Surge Projected
- 22 January 2024
In the face of persistent trade tensions and escalating barriers between China and the West, a new analysis by Boston Consulting Group (BCG) forecasts a substantial surge in trade between China and the Association of Southeast Asian Nations (ASEAN). According to a zawya.com report on 9 January 2024, this burgeoning economic partnership is poised to reach an impressive US$616 billion in the coming ...
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Thailand’s Visionary Leap: US$8.8bn ‘Eastern Aviation City’ Set to Soar in Easter Provinces
- 21 January 2024
In a groundbreaking venture, Thailand is poised to construct the ambitious 'Eastern Aviation City,' a cutting-edge transportation hub set to revolutionize the nation's east coast. With a staggering budget of US$8.8 billion, this transformative project encompasses the expansion of U-Tapao International Airport and the birth of Eastern Airport City, marking it as Thailand's most expansive undertakin...
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
- 14 January 2024
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India's burgeoning electric vehicle landscape, aiming to capture a significant share of...
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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
- 11 January 2024
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The UN's forecast diverges from those of the Inte...
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