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ខ្មែរ Construction Focus
Arey Ksat Bridge Construction Set to Commence in Early 2025, Signaling Major Infrastructure Milestone
- 21 February 2024
The commencement of the Cambodia-Korea Friendship Bridge Project is anticipated to take place at the genesis of 2025. Cementing the commitment to this significant infrastructure development within Cambodia, a meeting was held on 21 February 2024. HE Peng Ponea, the country's Minister of Public Works and Transport, was joined by HE Park Jung-wook, the esteemed Ambassador Extraordinary and Plenip...
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MME Denies Alleged Agreement with Vietnamese Company for Mekong Sand Dredging
- 20 February 2024
Ung Dipola, spokesman for the Ministry of Mines and Energy in Cambodia, vehemently rejected recent claims made by Vietnamese newspaper VN Express regarding a purported agreement for sand dredging on a Mekong River segment. Mr Ung clarified the stance in an interview with French newspaper RFI, published on 16 February 2024. The controversy unfolded following a 7 February report by VN Express, su...
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Grand Groundbreaking Ceremony for US$60m Bassac River Bridge Marks a Historic Milestone
- 19 February 2024
The grand groundbreaking ceremony for the US$60 million bridge project spanning the Bassac River took place on 19 February. The visionary construction will link Chak Angre Krom in the Meanchey district on the west bank to Prek Pra in the Chbar Ampov district on the east bank, fostering connectivity and development. Presided over by Samdech Hun Manet, the Prime Minister of Cambodia, the event al...
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Westports Holdings Explores External Investors for US$8.3bn Expansion Amidst Southeast Asia’s Port Race
- 18 February 2024
Westports Holdings Bhd., Malaysia's largest port operator, is contemplating the inclusion of external strategic investors to facilitate the funding of its ambitious 39.6 billion ringgit (US$8.3 billion) expansion. The plan involves nearly doubling the port's capacity over the coming decades, positioning it as a key player in the competitive Southeast Asian port landscape, according to Bloomberg on...
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Vietnam Initiates Trade Boost with Reduced Tariffs on Select Cambodian Goods
- 17 February 2024
In a bid to fortify economic ties, Vietnam has introduced preferential import tariffs for specific Cambodian goods, aiming to catalyze trade between the two neighboring nations. The recent issuance of Decree 5/2024/ND-CP by the Vietnamese Government outlines conditions under which lower import tariffs will be applicable for Cambodian imports. The move is expected to stimulate commerce, building up...
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Expanding Coastal Charm: Kampot Plans Two New Beaches Following ASEAN Clean Tourism City Award
- 16 February 2024
In the wake of clinching the prestigious 4th ASEAN Clean Tourism City Award in 2024, the Kampot provincial administration is unveiling ambitious plans for further development. According to the Kampot Provincial Information Department on February 15, 2024, the provincial authorities aim to create two additional beaches, marking a significant step in enhancing the region's tourist appeal. During ...
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University of Digital Economics, Veal Sbov Branch, Valued at Over US$6 Million, Officially Unveiled by PM Hun Manet
- 15 February 2024
The University of Digital Economics and Technology, worth more than US$6 million, built on 6 hectares of land in Veal Sbov Village, Sangkat Veal Sbov, Khan Chbar Ampov, Phnom Penh, has been officially inaugurated. The grand inauguration of the University of Digital Economics and Technology's new branch, an investment exceeding US$6 million, situated on a sprawling 6-hectare campus in Veal Sbov ...
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Phnom Penh Set to Become Pinnacle Destination for Investors & Tourists with Ambitious Infrastructure Project
- 15 February 2024
In a strategic move to elevate Phnom Penh to new heights of allure for both investors and tourists, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC), in collaboration with relevant ministries and institutions, is spearheading a groundbreaking infrastructure project. During the Inter-Ministerial Meeting on Infrastructure Management in Phnom Penh held on 13 February 2024...
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Significant Milestone Achieved as NR31 Restoration Hits 40% Completion
- 13 February 2024
The ongoing project to restore and enhance the quality of National Road 31 (NR31) has achieved a notable milestone, reaching the 40% completion mark as of February 2024. According to the project progress updated from a recent site inspection conducted by the technical team comprising representatives from China Bridge and Road Corporation (CRBC), Guangzhou Wanan Technical Advisory Company, and prof...
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Hong Kong Economists Predict Global Economic Inflation to Remain Stagnant at 10% in 2024
- 13 February 2024
As the world steps into 2024, the global economy finds itself at a crossroads, grappling with a delicate balance of risks that could shape the trajectory of the year. Schroders, in their insightful analysis on 1 February 2024, sheds light on a nuanced economic landscape, hinting at potential challenges and opportunities. Schroders underscores a notable risk concerning the effectiveness of monet...
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