Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023
The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents […]
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PM Hun Sen Sets Ambitious Goal for Cambodia’s Economic Advancement, to be a high middle income country by 2030
Prime Minister Hun Sen has unveiled an ambitious vision to propel Cambodia towards achieving high-middle-income status by 2030, reinforcing the government’s commitment to sustainable development. During a momentous graduation ceremony at the Royal University of Law and Economics on June 5, the Prime Minister expressed confidence in Cambodia’s ability to surpass the challenges posed by […]
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Cambodia Enhances Connectivity with Inauguration of Stung Prek Tnaot Bridge and Road
The Cambodian government recently celebrated the official inauguration of a new concrete bridge and road crossing the Stung Prek Tnaot tributary. The momentous event took place on June 4, 2023, under the distinguished presence of HE Dr. Men Sam An, Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection. The newly unveiled concrete […]
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Korean Firm Explores Potential for Expansive Car Park Development in Sihanoukville with 5hectares of land
In a bid to alleviate traffic congestion and enhance urban infrastructure, a reputable Korean company has initiated a comprehensive study to invest in the construction of a vast 5-hectare car park in Sangkat 1 of Sihanoukville. Mr. Touch Sotharith, Deputy Director General of the General Department of Land Transport, confirmed this exciting development on 2nd […]
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Chinese Firm Secures Contract to Develop Pumping Station for Key Cambodian Provinces
In a significant development for Cambodia’s water sector, the renowned Beijing Urban Construction Group Co., Ltd (BUCG), a prominent Chinese state-owned company, has been awarded the contract to conduct a comprehensive feasibility study and design a cutting-edge pumping station. The station will harness water resources from the mighty Mekong River, incorporating advanced water treatment systems […]
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Vietnam Unveils Remarkable US$82 Million Investment in the Tallest Steel Arch Bridge
Vietnam has made a significant investment exceeding US$82 million towards the construction of an awe-inspiring steel arch bridge, poised to become the tallest of its kind, with an impressive height of 87 meters above the water level. The eagerly anticipated Phat Tich Bridge, situated in the northern province of Bac Ninh, spans across the majestic […]
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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open
Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, […]
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Urbanland officially unveiled Borey Chankiri 2 at the South Side of Phnom Penh
Urbanland, a home-grown real estate developer, officially announced its soft launch of Borey Chankiri 2 on 03 June 2023. Located in the Southern part of Phnom Penh, this latest project is conveniently situated just 500m from National Road 2 alongside of Steung Prek Thnaot. [ Borey Chankiri 2 soft launch event] Borey Chankiri 2 is […]
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China Delays Floating Nuclear Power Plant Project in South China Sea Citing Security Concerns
China has opted to postpone its plans to construct a floating nuclear power plant in the South China Sea due to concerns over security, as reported by the South China Morning Post. Despite being poised for construction, the final approval to proceed with the nation’s first floating nuclear power plant has been withheld by regulators. […]
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9k Cambodian Tourist Influx Signals Promising Summer for Phu Quoc Island
In a testament to the growing allure of Phu Quoc Island, located off Kien Giang Province in southern Vietnam, approximately 9,000 Cambodian tourists have flocked to its shores within the first five months of this year. This surge in Cambodian visitors highlights the potential of the Cambodian market for the island’s tourism industry, as reported […]
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Cambodia Witnesses Surge in Industrial Growth: Nearly 60 New Factories Registered in 2023
In a remarkable display of industrial expansion, the Ministry of Industry, Science, Technology and Innovation has registered an impressive 58 new industrial plants as of May 2023. This development propels the total number of operational industrial factories in Cambodia to a noteworthy 1,999. Highlighting the robust performance of the industrial sector, HE Heng Sokkung, Secretary […]
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Chinese Real Estate Market Faces Strain in May, Experts Caution
Amidst growing concerns, the Chinese real estate market experienced a tense period in May 2023, as indicated by a report from the US-based China Beige Book. Despite a surge in prices in April, housing sales in China witnessed a decline, as revealed by a survey of 1,085 business research companies conducted from 18th to 25th […]
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