Construction Focus
World Bank Forecasts 4.6% Growth for Developing Asia in 2024, Despite China Declines from 5.2% to 4.4%
The World Bank has projected a growth rate of 4.6% for developing Asia-Pacific countries, excluding China, in 2024, as outlined in their recent economic report released and updated by Asia.nikkei on 1 April 2024. Despite China’s economy moderating to 4.5% from last year’s 5.2%, trade recovery is expected to drive growth in the region, surpassing […]
Read More
87% of Property Developers in Asia Pacific Targeting 100% Green Certified Portfolios by 2030
A recent study by JLL unveils a significant trend in the Asia Pacific region, with nine out of ten commercial real estate occupiers striving to achieve 100% green-certified portfolios by 2030, driven by corporate net zero carbon (NZC) goals. This revelation comes from Retalkasia’s report dated 26 March 2024. According to global real estate consulting […]
Read More
Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet city, Svay Rieng province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
Read More
Cambodia’s New Law Paves the Way for Inland Waterway Investment
The Cambodian government has taken a significant step towards enhancing inland waterway investment with the official promulgation of the Law on Inland Water Transport. Encompassing 18 chapters and 275 articles, this legislation aims to stimulate investment and development in Cambodia’s inland waterway and port sector, offering lucrative opportunities for both domestic and international trade. Signed […]
Read More
Investors from Guangdong-Hong Kong-Macao Eye Green Economic Zones in Cambodia, Forge Bilateral Ties
China’s Guangdong-Hong Kong-Macao Gulf Confederation is poised to bolster investment in Cambodia, particularly in green economic zones and other strategic sectors. Dr. Jonathan KS Choi, President of the Gulf Federation, underscored this commitment during a Memorandum of Understanding signing ceremony with HE Hem Vandy, Cambodia’s Minister of Industry, Science, Technology, and Innovation, on 9 April […]
Read More
More Than 60 Chinese Investors Eye Cambodia’s Five Lucrative Sectors
More than 60 delegates from China are actively exploring investment opportunities across various sectors in Cambodia, signalling a significant bilateral cooperation effort. Led by Jonathan K.S. Choi, President of the Chinese Chamber of Commerce, Coastal Entrepreneurs Alliance, and Sunwa Group, the delegation, comprising entrepreneurs from Guangdong, Hong Kong, and Macao, expressed keen interest in Cambodia’s […]
Read More
Japan’s US$30m Grant Kickstarts Groundbreaking Water Supply Project in Svay Rieng
The commencement of the US$30.6 million Svay Rieng Water Supply System Expansion Project marks a pivotal step towards addressing the province’s water needs. Announced by the Svay Rieng provincial administration via their official Facebook page on 11 April 2024, the groundbreaking ceremony signifies the onset of a project set to redefine the area’s infrastructure landscape. […]
Read More
Malaysia’s KSI Strategic Institute Proposes ASEAN Economic Club and Investment Events in Cambodia
Malaysia’s KSI Strategic Institute, led by the institute’s president Tan Sri Michel Yao, has unveiled plans to establish the ASEAN Economic Club and explore investment opportunities in Cambodia. This announcement follows a meeting between Samdech PM Hun Manet and Mr. Tan Sri Michel Yao on 8 April 2024. During the discussion, Mr. Tan Sri Yao […]
Read More
Steady Progress: NR No. 10 Construction Reaches 83.36% Completion
The construction of NR No. 10, linking Koh Kong, Pursat, and Battambang provinces, has reached a significant milestone, with completion surpassing 83.36% as of early April. This update comes from the Ministry of Public Works and Transport, announced on 10 April 2024. According to the latest report, the project’s advancement is notable, particularly in the […]
Read More
Gov’t Introduces Five Urgent Measures to Tackle Factory Challenges Amid Hot Weather
The Ministry of Labor and Vocational Training (MLVT) has rolled out five immediate measures aimed at addressing challenges faced by factories during hot weather conditions. This announcement was made on 9 April 2024. The measures prescribed by the ministry include: Ensuring proper ventilation by opening doors and windows or installing fans within the workplace. Increasing […]
Read More