Australia Pours US$6.6m into Cambodia’s Water Development Fund

In a significant move to bolster Cambodia's water infrastructure and management capabilities, Australia has pledged AUD10 million (US$6.6 million) to establish a dedicated water development fund, according to a meeting held on 13 May 2024 between HE Hem Vandy, Cambodia's Minister of Industry, Science, Technology and Innovation, and HE Pablo Kang, Chargé d'Affaires of the Australian Embassy. Bey...

Read More

China Commits Up to US$100m for Advanced Water Purification in Cambodia

Hainan Litree Purifying Technology Co., Ltd. from China has announced plans to invest between US$50-US$100 million in Cambodia's water sector over the next three to five years, focusing on water purification products using UF membrane technology. This announcement was made during a meeting between Dr Cai Yunlong, CEO of Hainan Litree Purifying Technology Co., Ltd., and HE Hem Vandy, Cambodia's Min...

Read More

Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024

In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular's provisions, capital-provincial administrations are...

Read More

49km of Kratie Province Roads Revitalisation Hits Midway Mark: 53% Completion in Infrastructure Enhancement

As of 8 May 2024, the Kratie Provincial Administration has reported a significant milestone in the enhancement of its transportation infrastructure, with the rehabilitation project of two main provincial roads reaching approximately 53% completion. Spanning nearly 49 km, Provincial Road No. 377 and Road 377A are undergoing extensive improvements to bolster the quality and maintenance of these crit...

Read More

Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ

In a significant boost to Cambodia's automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country's manufacturing capabilities. The Toyota Assembly Plant, a venture between TOYOTA TSUSHO ...

Read More

Construction Begins on Quảng Trị’s US$580m Deep-water Port After 4-Year Delay

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 ...

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 paving process from Koh Kong province t...

Read More

No Impact on Cambodian Mekong River Water Despite Chemical Leak Incident in Laos

The Ministry of Water Resources and Meteorology assures the public that the recent chemical spill into the Nam Khan River, a tributary of the Mekong River in Laos, will not affect the water quality of the Mekong River in Cambodia. This affirmation comes in response to an announcement made by the ministry regarding the incident on 8 April 2024. Following reports of a chemical leak into the Nam K...

Read More

COP28 Targets Tripled Renewable Energy by 2030, Unveils Asia’s US$7bn Solar and US$58bn Wind Power Market

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 ...

Read More

Battambang Province Flourishes with Over 700 Enterprises, Generating 150,000 Jobs

Battambang province boasts a thriving economic landscape, with more than 700 enterprises and 17 factories contributing to the employment of nearly 150,000 individuals as of the first quarter of 2024, according to official data reported by AKP Battambang on 29 March 2024, the province's economic vitality is underscored by its diverse industrial sectors, including agricultural processing, manufactur...

Read More