Six Factories Set to Transform Cambodian Industries in Four Provinces with US$32m Investment
The Council for the Development of Cambodia (CDC) has greenlit the registration of six companies. These enterprises are poised to construct state-of-the-art factories, injecting a collective investment of US$32.26 million into the thriving provinces of Kandal, Kampong Chhnang, Kampong Speu, and the bustling capital, Phnom Penh. The CDC announcement on 21 October 2023, signals a […]
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Road to Progress: Cambodia’s NR 5, Prek Kdam to Battambang, Officially Unveiled
NR No. 5, stretching from Prek Kdam to Battambang province, was ceremoniously inaugurated after an extensive 7-year construction period. The auspicious event was presided over by Samdech Hun Manet, Prime Minister of the Kingdom of Cambodia, on the morning of 22 November 2023. This transformative rehabilitation project spans a total length of 330 kilometres, traversing […]
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Cambodia’s Gold Refinery Shines with Production of 9 Tons
In a glittering testament to Cambodia’s growing prominence in the mining sector, the nation’s commercial gold refinery has proudly unveiled a remarkable achievement—yielding close to 8,979 kilograms of gold ore and contributing a substantial US$14.4 million in royalties as of 17 November. These impressive figures were disclosed by HE Keo Ratanak, Minister of Mines and […]
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Unified Against Plastic Pollution: 9 Ministries Spearhead Groundbreaking Environmental Campaign
In a concerted effort to combat the pervasive issue of plastic pollution, the Ministry of Environment has forged an alliance with key entities, including the Cambodian Women’s Scout Association, the Union of Youth Unions of Cambodia, and six provincial administrations: Kampot, Kep, Sihanoukville, Koh Kong, Kampong Speu, and Takeo. The collaborative endeavor is aimed at […]
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KHMER ELECTRICAL POWER Embarks on US$447.5 Million Hydropower Venture in Koh Kong
The Council for the Development of Cambodia (CDC) has given the green light to a colossal initiative. The ambitious project entails the construction of two substantial hydropower plants, with an investment surpassing US$447.5 million, poised to reshape Koh Kong province’s energy landscape. Both hydropower endeavors fall under the stewardship of “KHMER ELECTRICAL POWER CO., LTD,” […]
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CamDX Soars: Construction & Real Estate Firms Propel Investment Beyond US$2 Billion Mark by November
The information technology nursery, CamDX, has emerged as the harbinger of prosperity, boasting over US$2 billion in investments from construction and real estate companies combined. As of 19 November 2023, Cam DX’s robust business registration system has recorded a substantial infusion of capital, with the construction sector leading at US$1.11 billion, closely followed by real […]
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Phnom Penh’s Majestic US$84.5M Marriott International Hotel Hits the Ground Running
Phnom Penh is set to elevate its hospitality landscape with the grand inauguration of the Marriott International Hotel, a luxurious five-star haven nestled in the heart of the capital, with a staggering investment of US$84.5 million. This architectural marvel, spearheaded by KHOU TOWER CO., LTD, under the visionary leadership of Okhna Leang Hy, officially commenced […]
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Japan to Propose New Legislation to Unlock Loans for Businesses Based on Growth Potential Without Property Collateral
The Japanese government is set to introduce groundbreaking legislation aimed at enabling emerging startups and small to midsize enterprises (SMEs) to secure loans based on their growth potential, rather than traditional collateral like real estate, according to The Japan News published on 16 October 2023. This strategic move is part of a comprehensive economic stimulus […]
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Japan’s Extends Over US$250K Grant Fuels Vital Projects in Prey Veng & Siem Reap
In a demonstration of unwavering friendship and commitment to fostering better living conditions, the Government of Japan has granted a sum of US$252,136 for two pivotal projects in Cambodia. This significant financial aid encompasses the construction of housing and equipment installations at the Prey Veng Provincial Rehabilitation Centre and the procurement of essential medical equipment […]
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PM Directs Ministry of Land Management to Prepare Comprehensive Master Plan for Cambodia’s New City
Prime Minister Samdech Hun Manet has called upon the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) to meticulously prepare a Master Plan for an upcoming new city. The prime focus of this strategic initiative is twofold: ensuring clarity in public infrastructure development and implementing a well-defined zoning framework. During the inauguration ceremony of […]
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AI-powered, Blood-donation Room Monitoring Project Wins the 2023 Enactus Brazil and Bentley Systems iTwin4Good Challenge
EXTON, Pa. – Nov. 16, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, and Enactus Brazil, an international nonprofit organization, today announced the winner of the 2023 iTwin4Good Challenge, a competition where students combine their software development skills and passion for social action to solve problems in their communities using digital […]
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bp Selects AssetWise Lifecycle Information Management and AssetWise Reliability as Standard for Information Management and Asset Integrity
For an Enterprise-wide Approach to Asset Information Management in Parallel with Structural Integrity and Reliability Management EXTON, Pa. – Nov. 2, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that bp has selected Bentley’s AssetWise Asset Lifecycle Information Management (ALIM) and AssetWise Reliability (AR), part of Bentley Infrastructure Cloud, […]
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