Construction Focus
Luang Me Hospital, Cambodia’s Largest Oncology Facility, to Begin Operations in September 2024
The highly anticipated Luang Me Hospital, one of Cambodia’s largest oncology hospitals, is set to open its doors in September 2024, following the completion of extensive construction, renovation, and infrastructure improvements. This update was confirmed by HE Dr Ngov Kang, Secretary of State at the Ministry of Health and Chairman of the Board of Luang […]
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Bentley Systems Announces the Finalists of the 2024 Going Digital Awards
Winners to be Announced on October 9 at Bentley’s 2024 Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, PA., August 15, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the finalists of the 2024 Going Digital Awards. The annual awards event honors the extraordinary work of Bentley’s global users, showcasing how innovative […]
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Thailand Changes Strategy to Attract Chinese Investors, Extends 99-year Lease & 75% of Condo Ownership to Foreigners
Chinese investors are rapidly increasing their presence in Thailand’s property market, with over 100 billion baht invested in key economic cities over the past 15 years, according to Property DNA and updated by The Star on 06 August 2024. This trend is expected to accelerate further as the Thai government considers extending the leasehold period […]
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Japanese Companies Pull Out of China as Vietnam Becomes Next Destination
Japanese companies are becoming increasingly cautious about operating in China, as supply chain risks, anti-espionage legislation, and rising geopolitical tensions create an uncertain environment. A recent survey by Teikoku Databank reveals that the number of Japanese companies in China has decreased by 9.4% since its peak in 2012, with 13,034 businesses currently operating in the […]
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Cambodian Gov’t Secures US$438m in Grants & Concessional Loans for 13 Development Projects in H1 2024
In the first half of 2024, the Cambodian government secured US$438 million in grants and concessional loans to finance 13 critical development projects and programs. This substantial funding includes nine grant agreements amounting to US$124 million, alongside four concessional loan agreements totalling approximately US$313 million. The Ministry of Economy and Finance reported that these funds […]
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ASEAN FDI Soars to US$224bn, Cambodia Captures US$3.96bn Ranking 7th
ASEAN’s attractiveness as a stable, rapidly growing market has propelled foreign direct investment (FDI) inflows to unprecedented heights, with the region securing an all-time high of US$224 billion in 2022. This investment surge, driven by ASEAN’s burgeoning population and increasing income levels, is also a result of the region’s strategic advantage as a key recipient […]
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology […]
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Chery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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Drainage System Upgrade on NR No. 4 in Phnom Penh Reaches 6.7% Completion
The ambitious project to enhance the drainage system along NR No. 4 in Phnom Penh has achieved a significant progress rate of 6.7% as of 25 July 2024, surpassing the planned target of 3.92%. This milestone was reviewed during a meeting on 7 August 2024, which assessed the progress of the emergency investment project aimed […]
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