Malaysia’s High-Speed Rail Project Gains Momentum Amid Hopes for China Extension
Malaysia’s long-anticipated High-Speed Rail (HSR) project, linking Kuala Lumpur and Singapore, is gaining traction with the potential to extend the line to China, which could significantly enhance its economic viability. The project, which is estimated to cost between USD 15.7 billion and USD 18 billion, represents a significant reduction from the original USD 24.7 billion […]
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Cambodian Gov’t Launches Free Travel Initiative to Boost Tourism in Northeast
The Cambodian government has announced the “Free Northeast Entertainment Program,” which allows citizens to travel for free to the Northeastern provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakkiri every weekend from September to December 2024. This initiative, unveiled by PM Hun Manet during the one-year achievements of the Government of the 7th legislature of the […]
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Gov’t Waives Penalties for Expired Tour Guide Licenses to Boost Tourism Sector
The Cambodian government has announced it will waive all transitional penalties for tour guides and translators whose licenses have expired, extending this exemption until 31 December 2024. This measure, introduced to alleviate the compliance burden and encourage license renewals, was confirmed by the Ministry of Tourism on 23 August 2024. The ministry’s announcement aims to […]
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Cambodia Unveils Land Grant Program to Empower the Poor & Protect Forests
The Cambodian government has announced a new initiative, the Land Grant-Protection Program for Sustainable Development, which aims to provide social land concessions to impoverished Cambodians to curb deforestation and illegal encroachment on state land. Prime Minister Hun Manet outlined the program’s objectives during a special statement on the one-year achievements of the Royal Government of […]
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South Korea & Japan Lead Indo-Pacific Supply Chain Crisis Response Initiative
In a significant move to safeguard the Indo-Pacific region’s supply chains, South Korea and Japan have taken the lead in establishing a crisis response network under the Indo-Pacific Economic Framework (IPEF). Announced by the South Korean government on 20 August, this network aims to ensure that member nations maintain access to vital supplies during emergencies, […]
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AI Revolutionises Real Estate: Navigating the Transformation & Mitigating Risks
Artificial Intelligence (AI) is rapidly transforming the real estate industry, introducing both unprecedented opportunities and significant risks. From reshaping marketing strategies to streamlining underwriting processes, AI is revolutionising every aspect of real estate—commercial, industrial, residential, and beyond. This critical transformation was discussed in detail by experts Peter D. Ballance, Jared Wachtler, and James Gatto published […]
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NR No. 4 Rehabilitation Project Reaches 66% Completion, Targeting 2026 Finish
The ambitious project to rehabilitate, expand, and upgrade NR No. 4 from Bek Chan commune in Kandal province to Bit Trang commune in Preah Sihanouk province has achieved a significant milestone, reaching 66.06% completion as of August 2024. The project is on track to be fully completed by the end of 2026, according to the […]
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Kampot Unveils Cambodia’s Tallest & Largest Khmer-Style Clock Tower to Boost Tourism
Kampot province has unveiled Cambodia’s tallest and largest clock tower, standing at 35 metres high, with a clock face nearly 10 metres in diameter. This impressive structure, designed in traditional Khmer style, was officially launched during the groundbreaking Ceremony, attended by HE Dr Mao Thunin, Governor of Kampot Province, and Lok Chumteav Hun Chanthy Mao […]
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Irrigation Rehabilitation Project in Southwest Phnom Penh Reaches 25% Completion
The extensive rehabilitation project aimed at enhancing the irrigation and drainage systems in Kampong Speu, Takeo, and Kandal provinces has reached 25% completion, as confirmed by HE Pich Veasna, Undersecretary of State at the Ministry of Water Resources and Meteorology, on 22 August 2024. This milestone was announced during an inspection of the project’s progress, […]
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Cambodia Emerges as World’s Second-Largest Producer of Cashew Nuts with Over 830,000 Tons Harvested
Cambodia has established itself as the world’s second-largest producer of cashew nuts, surpassing India and now trailing only Côte d’Ivoire. In the first seven months of 2024, Cambodia harvested over 830,000 tons of cashew nuts, with more than 780,000 tons exported to Vietnam, generating over USD 1 billion in revenue. This milestone, reported by the […]
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Sembcorp Targets Low-Carbon Leadership with Bold Industrial Park Expansion Across Asia Eyeing Vietnam & Indonesia First
Sembcorp Industries (Sembcorp) is set to lead the development of low-carbon industrial parks in Asia, with a strategic plan to expand its land bank to 18,000 hectares by 2028 and boost its industrial property portfolio from 100,000 square metres to 1.5 million square metres. With Vietnam and Indonesia presenting robust growth opportunities due to strong […]
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NR No. 48 Upgrade Achieves 64% Completion with Targeted Finish by May 2025
The rehabilitation and upgrading of NR No. 48, a crucial 148 km stretch from Sre Ambel to Koh Kong, has reached 64.05% completion, marking significant progress in the project aimed at enhancing connectivity in the province. This milestone was highlighted during the 5th Joint Monitoring Meeting by His Excellency So Vector, Secretary of State of […]
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