China Construction America Ordered to Pay USD 1.6bn Over Conflict of Political Interests
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay USD 1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas after the contractor was found to have committed “many acts of fraud” during its takeover […]
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Cambodia Launches National Committee to Oversee Forest Protection Land Grant Program
In a landmark effort to promote sustainable development, His Majesty King Norodom Sihamoni has signed a Royal Decree (No. នស/រកត/១១២៤/១៤១២) to establish a National Committee tasked with implementing the Forest Protection Land Grant Program. This initiative aims to provide social land concessions to homeless individuals and impoverished families for housing and agriculture while safeguarding forests […]
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Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference
The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024 to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided a platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, highlighting […]
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Chinese Danong Development Group to Transform Takeo’s Agriculture with Large-Scale Investments
Danong Development Group, a prominent Chinese company, has announced plans to invest significantly in Takeo province’s agricultural sector, focusing on livestock farming and key crop cultivation. This ambitious initiative was unveiled during a meeting with the Takeo provincial administration on 13 November 2024, marking a pivotal development for the province’s agro-industry. Zhao Shujie, Chairman of […]
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Cambodia Records USD 505m in Iron & Steel Imports, Showing Gradual Recovery of Construction Sector
Cambodia imported iron and steel products worth USD 505 million in the first ten months of 2024, a significant 65% increase compared to USD 305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD 52.5 million, marking a […]
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Phnom Penh Autonomous Port Achieves Record Container Traffic & Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]
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Chinese Firm Targets Cambodia for Large-Scale Durian Cultivation & Processing Hub
Zhengzhou Chen’s Sun, a prominent Chinese company, has announced plans to invest in Cambodia’s durian cultivation and processing facilities, aiming to enhance the country’s agricultural export capabilities. This ambitious project was a key focus during a meeting between PM Hun Manet and Xuemei Chen, Chairman of Zhengzhou Chen’s Sun, on 6 November 2024 in Kunming, […]
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Phnom Penh-SHV Expressway Offers Exclusive Discounts for 3-Day Water Festival Celebration
To celebrate the Royal Water Festival from 14 to 16 November 2024, the Ministry of Public Works and Transport (MPWT) has announced a special three-day discount on the Phnom Penh-Sihanoukville Expressway. Notification No. 052 S.K.R., dated 12 November 2024, confirmed that the Phnom Penh-Sihanoukville Expressway Company will offer a 20% discount on toll fees for […]
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Cambodia Unveils Export Service Centre to Strengthen International Trade & Empower Local Businesses
In a pivotal move to enhance Cambodia’s global trade footprint, the Ministry of Commerce officially launched the Export Service Centre (ESC) on 5 November 2024. This new initiative, dedicated to advancing Cambodian exports, aims to position local products in global markets and equip traders with essential skills and resources to compete internationally. The inauguration ceremony, […]
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Local Pursat Firm Transforms Waste into Organic Fertiliser to Boost Agricultural & Environmental Impact
Save the Lives (Cambodia) Co. Ltd., based in Pursat province, is revolutionizing waste management by converting collected garbage into organic fertilizer. Licensed to clean, collect, transport, and store solid waste across all seven communes of Pursat City since mid-April 2024, the company started producing natural organic fertilizer under the brand “Sovannaphum” in June 2024. Within […]
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China Boosts Cambodia’s Digital Transformation with High-Speed Mobile Network Expansion
Cambodia’s digital transformation has accelerated with China’s commitment to achieving 100% high-speed internet coverage in urban areas and 70% in rural regions by 2025. Confirmed by HE Wang Winpin, Chinese Ambassador to Cambodia, at the Cambodia-China Digital Economic Cooperation Forum on 4 November 2024, this initiative sees significant Chinese investment in enhancing Cambodia’s telecommunications infrastructure. […]
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Groundbreaking of 500-Hectare Green Textile Industrial Park in Kampong Speu to Create Up to 60k Jobs
A groundbreaking ceremony on 8 November 2024 marked the start of a 500-hectare green textile industrial park in Chheu Neang village, Taing Sya commune, Phnom Sruoch district, Kampong Speu province. Attended by HE Heng Sour, Minister of Labor and Vocational Training, HE Dr Cheam Chansophoan, Governor of Kampong Speu Province, and Mr. John Yu, Chairman […]
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