Construction Focus
While ASEAN Neighbours Grow in EV Industries, What Can Cambodia Do Beyond a Consumer Role?
While neighboring countries such as Thailand, Indonesia, and Vietnam are making significant strides in the electric vehicle (EV) industry, Cambodia’s participation in this emerging market has been relatively subdued. The country’s limited activity in EV products can be attributed to several barriers that hinder the development of the EV market. Understanding these challenges and identifying […]
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WWF: Mekong Sand Running Out Due to Construction
A World Wildlife Foundation report has warned that sand in the Mekong Delta in Vietnam may run out by 2035 with catastrophic impacts on ecosystems due to a combination of huge demand in the country’s construction sector and the installation of hydroelectric dams. The WWF report “Sand Budget for Vietnam Mekong Delta” tracked the use […]
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Results of Biden-Xi Summit Promise a Pivotal Turn for Global Economic Harmony
In a historic face-to-face encounter, U.S. President Joe Biden and Chinese President Xi Jinping convened on 15 November 2023, on the sidelines of the Asia-Pacific Economic Cooperation conference near San Francisco. This landmark meeting, their first in a year, carried significant implications for the global economy. “We have to ensure that competition does not veer […]
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Thailand to Invest US$27 Billion in 100km Flyover Linking Two Oceans
In a groundbreaking shift from the initial $27 billion Thai Canal Dredging project, the new Thailand government, led by Prime Minister Srettha Thavisin, is steering towards a colossal infrastructural endeavour. The transformative initiative involves the construction of a 100-kilometre flyover connecting the Pacific Ocean to the Indian Ocean at Kra Isthmus, abandoning the contentious Kra […]
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Hyundai’s US$1.5bn Green Oasis: Ulsan EV Plant Set to Produce 200,000 Electric Vehicles Annually
In a groundbreaking move towards sustainability and innovation, Hyundai has commenced the construction of a state-of-the-art electric vehicle (EV) manufacturing plant in Ulsan, South Korea. The US$1.5 billion facility, slated to begin full-scale construction by the end of 2023, represents Hyundai’s commitment to producing 200,000 electric cars annually. This ambitious project signifies Hyundai’s first new […]
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Hanoi Unveils Ambitious US$4.2bn Smart City Project Anchored by Vietnam’s Tallest Skyscraper
In a landmark move to propel urban development, Hanoi unveiled a visionary smart city project in November, covering a sprawling 272-hectare expanse and entailing a colossal investment of US$4.2 billion. The focal point of this monumental undertaking is the Phuong Trach Tower, a striking 108-storey financial skyscraper, slated to be Vietnam’s tallest building. It is […]
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Angkor Wat Secures its Prestige as Eighth Wonder of the World, Surpassing Italy’s Pompeii
In a momentous declaration, the esteemed status of the eighth wonder of the world was officially announced. Angkor Wat’s ascension to this prestigious rank signifies its triumph over Italy’s historic city, Pompeii. This declaration was made by Samdech Hun Manet, Prime Minister of Cambodia, on 24 November 2023. As per reports from India TV English […]
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ADB Fuels Cambodia’s Fiscal Evolution with a US$50m Boost
The Asian Development Bank (ADB) takes a significant stride in fortifying Cambodia’s financial landscape, greenlighting a substantial US$50 million loan to bolster the nation’s public financial management (PFM) system, encompassing public investment. This noteworthy development is illuminated in an official ADB press release. Jyotsana Varma, ADB Country Director for Cambodia, underscores the pivotal role of […]
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WB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
The World Bank warns that Cambodia’s economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB’s press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: […]
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Japan-Cambodia Association Set to Boost SMEs with New Phnom Penh Headquarters
In a pivotal move to fortify economic ties and promote small and medium enterprises (SMEs), the Japan-Cambodia Association (JCA) unveils plans to inaugurate its office in Phnom Penh. His Excellency Takahashi Fumiaki, President of JCA, confirmed this strategic initiative during a meeting with His Excellency Sar Sokha, Deputy Prime Minister, and Minister of Interior on […]
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