One US-based chipmaker committed US$1.5b to build the largest chip-making factory in Ho Chi Minh City
Following President Biden’s visit to Vietnam, the United States has announced a groundbreaking semiconductor partnership that aims to leverage Vietnam’s potential in bolstering resilient semiconductor supply chains, according to the White House’s Press dated 11th, September 2023. “The United States recognizes Vietnam’s potential to play a critical role in building resilient semiconductor supply chains, particularly […]
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China Plans to Build 6,000km Transcontinental Road to Algeria (North Africa)
In a landmark partnership set to reshape Algeria’s socio-economic landscape, China and Algeria have embarked on an ambitious journey to construct an extensive 6,000 kilometres of railway lines. Algerian President Abdelmadjid Tebboune lauded this monumental effort as a cornerstone of his nation’s progress. The project heralded on www.africanews.com on 29 August 2023, is a testament […]
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Cambodia’s Global Trade Sees 14.5% Dip in 2023, But Exports Buck the Trend
In the first eight months of 2023, Cambodia’s international trade experienced a significant downturn, with a 14.5% decrease compared to the same period in the previous year, according to data from the General Department of Customs and Excise (GDCE). However, in a surprising turn of events, Cambodia’s exports managed to defy this trend, showing robust […]
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New East Solar Energy: From Cambodia Brand to the USA, Lighting Up a Brighter Clean Technology Future
New East Solar Energy, a prominent player in the solar industry based in Cambodia, is expanding its horizons across the globe. The company is set to inaugurate a colossal 2-gigawatt (2 million kilowatts) solar panel manufacturing facility in Phoenix, Arizona, contributing to the creation of 350 jobs. This groundbreaking development, reported by Solar Power World […]
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Gov’t Leases 489 Hectares in Koh Rong to Private Company for Sustainable Development
The Cambodian government has earmarked a 489-hectare area within Koh Rong National Park for development by Emario Shonan Marine Corporation and U. Property Management. This progressive initiative, as outlined in Sub-Decree No. 69 dated 31 March 2023, signifies the nation’s commitment to responsible land utilisation in Koh Rong Samloem village, Sangkat Koh Rong Samloem, Koh […]
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Korean-Led Initiative Advances Wastewater & Solid Waste Management in Cambodia’s Battambang
The Ministry of Public Works and Transport, in partnership with the Global Green Development Institute (GGGI), is embarking on a feasibility study to bolster these crucial systems in Battambang province. This noteworthy initiative is a part of the Low Carbon City Development Project, which strives to promote sustainable access to services in Battambang City. During […]
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Vietnam Emerges as Key Player in US Economic Diversification Strategy
President Joe Biden’s visit to Vietnam marks a pivotal moment in the strengthening of economic bonds between the United States and Hanoi. This strategic move aims to reduce America’s dependence on China and signifies a significant diplomatic shift, according to CNN News on 11 September 2023. The two former adversaries have formally upgraded their diplomatic […]
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Employment Boom: Factories in Kampong Speu in urgent need of 4,000 Workers
Kampong Speu province, a burgeoning industrial hub, is currently experiencing an urgent demand for an additional 4,000 skilled workers. This pressing need arises amid the backdrop of 385 active factories within the province, each contributing significantly to Cambodia’s industrial prowess. Minister of Labor and Vocational Training, HE Heng Sour, highlighted this demand during a recent […]
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Cambodia & 12 Nations Unite to Combat GHG Emissions Through Sustainable Waste Management
Cambodia, alongside a consortium of 12 nations, is embarking on a collaborative mission to tackle greenhouse gas emissions by implementing the principles of the 4Rs (Reducing, Reusing, Recycling, and Recovering) in solid waste management. This pioneering effort was unveiled at the “Strengthening the Implementation of Solid Waste Management and the Path to the Circular Economy” […]
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Peng Huoth Group organizes “PH Eco Day” an environmental and charity event under the theme “Old, new”
Peng Huoth Group organized an environmental and charity event “PH Eco Day” in order to promote awareness and proper implementation of the environment, as well as to receive donations of materials and learning materials from philanthropists to continue to donate. To school organizations that face severe shortages. In addition, Peng Huoth Group has donated an […]
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Gov’t Inks Concessional Loan Deals Worth US$780 Million in H1 2023
In a testament to Cambodia’s continued economic development and collaboration with international partners, the government has successfully secured concessional loan agreements amounting to a total of US$787.5 million in the first half of this year. This impressive figure represents a substantial year-on-year increase of 24%. According to a report released by the Ministry of Economy […]
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Kia Explores Ambitious Plans for First ASEAN Production Hub in Thailand
South Korea’s automotive giant, Kia Corp, is actively contemplating the establishment of its inaugural production facility in Thailand. This ambitious venture is set to boast an impressive annual production capacity of 250,000 vehicles, significantly enhancing Kia’s presence in the Southeast Asian market. Channel News Asia reported this development on 8 September 2023. Kia, renowned as […]
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