South Korea’s Gyeongbuk Technopark Sets Sights on Technology Park Collaboration in Cambodia

The Gyeongbuk Technopark Korea Innovation Centre is exploring collaboration opportunities with Cambodia’s Ministry of Industry, Science, Technology, and Innovation (MISTI) to invest in a high-tech innovation hub in Cambodia, aligning with the nation’s strategic development goals in smart agriculture, health, and green technology. This promising development was discussed on 28 October 2024 durin...

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Australia Invests USD 65 Million to Enhance Cambodia’s Economic Growth through CAPED Program

The Australian Government has committed approximately AUD 87 million (USD 65 million) in new grant funding to the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program, aiming to bolster Cambodia's economic resilience and growth. The announcement was made through a press release from the Ministry of Economy and Finance on 17 October 2024. The CAPED program represen...

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Royal Group Launches 900MW Natural Gas Power Plant. Worth USD1.34bn, in Koh Kong

Royal Group Power, a division of the prominent Royal Group led by Neak Oknha Kith Meng, has officially commenced construction on a 900-megawatt natural gas power plant in Botum Sakor district, Koh Kong province. The USD 1.34 billion investment was celebrated during a groundbreaking ceremony on 16 October 2024, attended by high-ranking officials, including HE Keo Rattanak, Minister of Mines and ...

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Gov’t Pushes for Railway Expansion MoU by Year-End

The Cambodian government has set a firm deadline for a memorandum of understanding (MoU) on the railway expansion project to be finalized before the end of 2024, as announced by Samdech Hun Manet, PM of Cambodia, during the celebration ceremony marking the 20th anniversary of Cambodia's accession to the World Trade Organisation on 14 October 2024. The PM urged the Ministry of Public Works and T...

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Mondulkiri Celebrates Inauguration of New Water Purification System Worth Over USD 150,000

The newly completed small-scale water treatment plant project in Sen Monorom City, Mondulkiri province, valued at over USD 150,000, was officially inaugurated on 10 October 2024. The ceremony was presided over by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, alongside HE Ueno Atsushi, Ambassador of Japan to Cambodia, marking a significant step in expanding the region's c...

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China Eyes Tonle Sap Mining Opportunities & Cement Production in Kampot

A delegation from Hubei province, China, led by Mr. Hu Jingli, Deputy Chairman of the Geographical Office, has expressed strong interest in studying natural mineral resources in Tonle Sap Lake, Siem Reap while advancing plans to invest in a cement plant in Kampot. This announcement followed a recent meeting with Siem Reap’s Deputy Governor, Mr. Di Rado, where the delegation discussed enhancing ...

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Cambodia Approves 28 New Projects in September, Attracting USD 443m Investment

Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD 443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as an attractive hub for both local and international investors. The Council for the Development of Cambodia confirmed the details...

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Japanese Firm, MIRARTH, Expands Cashew Processing in Kampong Thom with Plans to Extract Oil from Cashew Shells

MIRARTH, a Japanese company operating in Kampong Thom, is significantly expanding its cashew nut processing capacity from 300 tons per year in 2021 to 1,500 tons annually while exploring new avenues for refining oil from cashew shells. This initiative reflects the company’s commitment to innovation and value-added processing within Cambodia’s agricultural sector. The company presented a two-yea...

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Becoming Bentley: 40 Years Ago, Bentley Brothers Launched A Software Company That Helped Change How We Live

Five brothers enamoured with computers and their potential pursued a bold idea to create software that could revolutionise how engineers design and build things. They spent the last four decades developing engineering software that has helped shape infrastructure around the world, helping make roads and bridges more resilient, water systems more sustainable, and communities more prepared for a cha...

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By 2040 Most of ASEAN’s Coal Power Plants Will Be Aged 28 Years, Ready to be Profitably Phased Out for Renewable Transition

Southeast Asia’s coal power plants could be profitably retired by 2040, aligning with global climate goals, as per a recent analysis by Global Energy Monitor (GEM). The study indicates that the region’s coal plants will average 28 years of age by 2040, approaching the global retirement benchmark of 36 years, which challenges the prevailing assumption that the fleet is too young to phase out, accor...

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