Construction Focus
Australian-Cambodian Partnership Launches 1,000-Hectare Smart Corn Farm in Siem Reap
AG AGRIBUSINESS ASIA (CAMBODIA) CO., LTD. has collaborated with ING Holdings Co., Ltd. in Cambodia to inaugurate a state-of-the-art corn farm spanning approximately 1,000 hectares in Siem Reap province. During the inauguration ceremony on 25 March 2024, attended by HE Prak Sophoan, Governor of Siem Reap, Mr. Benjamine Bootle, Managing Director of AGG Business Asia, […]
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Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary […]
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World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia
The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on 15 March, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing […]
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Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023
In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan […]
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Marking its 40th Anniversary, Bentley Systems Announces CEO Transition Plan
COO Nicholas Cumins to be Promoted to CEO July 1, 2024, as Greg Bentley will Transition to Executive Chair London – March 21, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to Executive Chair of its Board […]
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Bentley Systems Celebrated World Engineering Day by Highlighting Key Sustainable Infrastructure Projects
In 2019, the UN Educational, Scientific & Cultural Organization (UNESCO) established World Engineering Day to acknowledge the critical role of engineering and engineers worldwide in fostering a better and more sustainable world. On the fourth anniversary of this significant day, Bentley Systems took the opportunity to highlight its contributions to sustainable engineering processes. In a […]
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Cambodia Secures EU Grant Aid Worth Nearly US$86m to Boost Key Sectors
Cambodia and the European Union (EU) have formalised a grant aid agreement amounting to almost US$85.6 million, aimed at bolstering pivotal sectors crucial for sustainable development. The signing ceremony, presided over by HE Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, alongside representatives from the European Union Member States, marks a […]
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Gov’t Unveils Ambitious Plan to Transform Villages into “Rural Borey”, Modern Rural Communities
Samdech Hun Manet PM of Cambodia revealed the Royal Government’s groundbreaking initiative to establish “rural boreys” aimed at elevating the living standards of provincial residents. The announcement came during the conclusion of the Ministry of Rural Development’s gathering on 20 March 2024. “Rural Borey entails the transformation of villages into well-equipped communities, complete with essential […]
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Aeon Mall Denies Rumours of Fourth Outlet, Reaffirms Transparency
Aeon Mall (Cambodia) Co., Ltd. unequivocally refuted speculations surrounding the development of a fourth Aeon Mall project in Cambodia, particularly Aeon Mall IV, according to a press release issued on 22 March 2024. The company clarified that no plans have been initiated for the construction of a new outlet, dismissing recent rumours propagated on social […]
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APSARA Authority Expands Angkor Botanical Garden to 150 Hectares to Enrich Tourist Experience
The APSARA Authority has embarked on a significant expansion project, enlarging the Angkor Botanical Garden from its original 15 hectares to an expansive 150 hectares, aimed at enhancing the tourism appeal of the renowned heritage site. Mr. Lay Poti, Deputy Director of the Department of Water Management, Forestry, and Infrastructure of the APSARA Authority, confirmed […]
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