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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National Road 48 Upgrade Hits Milestone with 38.26% Completion
The ongoing National Road No. 48 rehabilitation project has reached a significant milestone, achieving 38.26% completion as of 23 November. The project, aimed at enhancing the road’s quality and overall infrastructure, is on track for its scheduled completion by the end of April 2025. This progress was updated in a recent inspection led by HE […]
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Gov’t Unveils Non-Tax Incentives to Revitalise 364 Stagnant Buildings in Sihanoukville
In response to the challenge posed by nearly 400 incomplete buildings in Sihanoukville, hindering the city’s progress, the Cambodian government has introduced groundbreaking initiatives aimed at revitalising these stagnant projects. Out of a total of 965 construction projects in Sihanoukville, equivalent to 1,069 buildings with a substantial investment capital of US$4,056,152,112, the urgency for intervention […]
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Koh Norea Aspires to New Heights with a Towering 555-Metre Landmark
In an audacious venture set to redefine Cambodia’s skyline, the Overseas Cambodia Investment Corporation (OCIC) unveils plans for a colossal building soaring over 500 metres in the Koh Norea development area. OCIC Deputy General Director, Touch Samnang, confirmed the project on 21 November, revealing that despite initial intentions, the pandemic had temporarily delayed its implementation. […]
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KOICA’s US$2M Grant for Svay Rieng Irrigation & Water Supply Study Project
The Korea International Cooperation Agency (KOICA) has bestowed a generous grant of US$2 million for the realisation of a vital feasibility study project. The initiative, focusing on the implementation of the ‘Water Supply and Flood Reduction Measures Project in the Prek Neal Basin in Svay Rieng Province’, marks a collaborative effort between Cambodia’s Ministry of […]
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World Bank’s Sustainable Move: US$163m Pledged for Water & Sanitation Advancements in Four Cambodian Provinces
In a landmark decision, the World Bank has greenlit a groundbreaking US$163 million initiative aimed at fortifying water and sanitation services across four pivotal provinces in Cambodia—Battambang, Pursat, Mondulkiri, and Kandal. This transformative project, spanning six years, is poised to directly impact over 175,000 individuals, primarily benefiting the marginalised and underserved populations in rural areas. […]
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Borey Peng Huoth’s lucky lantern more profit than ever!
To celebrate the upcoming Water Festival, Moon Worship and Ok Ambok, Borey Peng Huot offers a lucrative opportunity for customers to achieve their dream home with the big lucky lantern promotion, including: * Lantern 1: Get 1% discount immediately for all types of houses * Lantern 2: Customers will receive an iPhone15 Pro or iPhone15 […]
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