Key Roads in Kratie Province Near Completion with 68.7% Progress Across 48.59km
The rehabilitation of two vital roads in Kratie province, extending over 48.59 kilometres, has reached a 68.7% completion milestone as of 19 August 2024, marking significant progress in the province’s transportation infrastructure upgrade, according to a progress report by the Ministry of Public Work and Transport dated 19 August 2024. This project includes extensive improvements […]
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Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
The Chaosan Chinese Business Association has proposed the establishment of a new Special Economic Zone (SEZ) on a 32-hectare site in Bati district, Takeo province, with the primary objective of creating job opportunities for the local population. This initiative was discussed during a meeting between HE Vy Samnang, the Governor of Takeo Province, and Mr. […]
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Laos Launches Gold Bank to Strengthen Financial Stability & Support Lao Kip
Laos is set to launch its first Gold Bank next month, an initiative aimed at bolstering gold reserves and enhancing the financial stability of the Lao Kip. The establishment of the “Lao Bullion Bank” is a result of a recent agreement between the Lao Ministry of Finance and PTL Holding Co., Ltd., with the full […]
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Singapore Invests USD 400m in Cambodia Over Five Years
Over the past five years, Singapore has emerged as one of the top 10 sources of foreign direct investment (FDI) in Cambodia, with a total investment of USD 400 million, according to the Council for the Development of Cambodia (CDC). This significant influx of capital was highlighted at the Singapore Business Fair 2024, underscoring Singapore’s […]
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Ground Broken on Cambodia’s First Electric Truck Assembly Plant in Pursat
Cambodia has embarked on a significant step towards green technology with the commencement of construction of the ZO Motors (Cambodia) Co., Ltd. electric vehicle assembly plant in the Krakor Special Economic Zone, Pursat Province. Spanning 10 hectares, the plant will assemble electric vehicles for freight and household businesses, catering to both the domestic market and […]
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Luang Me Hospital, Cambodia’s Largest Oncology Facility, to Begin Operations in September 2024
The highly anticipated Luang Me Hospital, one of Cambodia’s largest oncology hospitals, is set to open its doors in September 2024, following the completion of extensive construction, renovation, and infrastructure improvements. This update was confirmed by HE Dr Ngov Kang, Secretary of State at the Ministry of Health and Chairman of the Board of Luang […]
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Kep Becomes First province Achieving 100% Land Registration, Set to Distribute Remaining 10,000 Titles by Year-End
Kep province has become the first in Cambodia to complete 100% of its land registration, with authorities pledging to distribute the remaining 10,000 land titles by the end of 2024. The Kep Provincial Department of Land Management, Urban Planning, Construction, and Cadastral Affairs, led by Director Soth Puthimanin, reported that over 50,000 land plots have […]
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Cambodia-Vietnam Trade Volume Surges to US$4.6bn in First Seven Months of 2024
In a significant boost to bilateral trade, Cambodia and Vietnam recorded a trade volume of US$4.6 billion between January and July 2024, reflecting a 23.5% increase compared to the same period last year. This data was revealed by the General Department of Customs and Excise of Cambodia on 16 August 2024. Cambodia’s exports to Vietnam […]
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Bentley Systems Announces the Finalists of the 2024 Going Digital Awards
Winners to be Announced on October 9 at Bentley’s 2024 Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, PA., August 15, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the finalists of the 2024 Going Digital Awards. The annual awards event honors the extraordinary work of Bentley’s global users, showcasing how innovative […]
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Cambodia’s Trade Volume Surges to Over US$31bn in First Seven Months of 2024, Reflecting 15% Growth
In the first seven months of 2024, Cambodia’s international trade volume soared past US$31 billion, reflecting a robust 15% growth compared to the same period in 2023. This significant increase underscores the nation’s expanding trade activities, as currently highlighted by the General Department of Customs and Excise of the Ministry of Economy and Finance. During […]
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Thailand Changes Strategy to Attract Chinese Investors, Extends 99-year Lease & 75% of Condo Ownership to Foreigners
Chinese investors are rapidly increasing their presence in Thailand’s property market, with over 100 billion baht invested in key economic cities over the past 15 years, according to Property DNA and updated by The Star on 06 August 2024. This trend is expected to accelerate further as the Thai government considers extending the leasehold period […]
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India Secures Fifth Spot in Asia Pacific Real Estate with US$3bn in Cross-Border Investments
India has emerged as the fifth largest recipient of cross-border real estate investments in the Asia Pacific region, attracting US$3 billion in the first half of 2024. This substantial inflow of global capital, constituting 9% of the region’s total investment volume, underscores India’s growing prominence in the international real estate market, according to Businesstoday, published […]
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