PM Announces Funan Techo Canal Project Set to Launch in August 2024
The Cambodian government has announced the commencement of the US$1.7 billion Funan Techo Canal project in August 2024. The announcement was made by PM Hun Manet during the inauguration of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. “The construction of the Funan Techo canal will begin in August 2024,” stated […]
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People’s Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of […]
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NR No. 31 Rehabilitation Project Nears 90% Completion
As of 29 May 2024, the ambitious project to restore and upgrade NR No. 31, which extends over 53 kilometres, has achieved an impressive 87.19% completion. This major infrastructure initiative is set to be finished more than a year ahead of schedule. This update was confirmed via the official Facebook page of the Ministry of […]
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Cambodia Renames Third Ring Road to “Xi Jinping Boulevard” in Honour of Strengthened Ties with China
In a significant move to honour the enduring partnership between Cambodia and China, the “Third Ring Road” has been officially renamed “Xi Jinping Boulevard”. This key infrastructure, connecting NR No. 1 to NR No. 4 and spanning nearly 53 kilometres, was inaugurated in a ceremony presided over by Samdech Hun Manet and HE Wang Wentian, […]
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Bassac River Bridge Project Surpasses Milestone, Completes 10.50% Ahead of Schedule
The construction of the bridge across the Bassac River, connecting Chak Angre Krom and Prek Pra, has achieved a completion rate of 10.50%, surpassing the planned progress by 1.03%. This update was confirmed by the Ministry of Public Works and Transport on their official Facebook page on 28 May 2024. The completed work includes the […]
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Kampong Speu Authorities Seize Over 57 Hectares of Forest Land in Oral District
Kampong Speu provincial authorities have confiscated more than 57 hectares of forest land in the Oral Mountain Wildlife Sanctuary, marking a significant move against illegal land grabbing. This decision is part of a broader effort in 2024, during which over 1,400 hectares of forest land have been reclaimed as state property. The order was issued […]
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia’s economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & […]
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Japan’s Exports Surge in Value 8.3%, Led by Autos and Chips, Despite Volume Decline 3.2%
Japan’s export value surged by 8.3% to reach 8.9 trillion yen (US$57 billion) in late April, marking the fifth straight month of growth, according to official data released by the Japanese Ministry of Finance on Wednesday. However, export volume saw a decline of 3.2% compared to the previous year, as reported by NikkeiAsia on 11 […]
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Stung Prek Tnaot Rehabilitation Project Nears Completion with 95% Progress
The Stung Prek Tnaot Rehabilitation Project in the lower part from the east of National Road 3 has reached an impressive 95% completion and is on track to be finished by June or July this year. This update was shared on the official Facebook page of the Ministry of Water Resources and Meteorology on 25 […]
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Chip Mong 271 Mega Mall Unveils MEGA Amazing: Shop, Save, Win a Luxury Car or Dream Vacation!
Chip Mong 271 Mega Mall celebrated its grand opening with an unprecedented Mega Amazing program, including the presentation of a brand-new Mitsubishi car to one lucky customer—a prize no other supermarket has ever offered. The event on May 26 2024 marked the conclusion of the Mega Celebration promotion and was attended by top leaders of […]
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Yuba Water Implements Digital Twin for Automated Monitoring of California’s Second Tallest Dam
Using Bentley’s Reality Modeling and iTwin Applications, they have established situational intelligence to optimize risk assessment for the New Bullards Bar Dam. This 645-foot-tall concrete arch dam was constructed in 1970 to minimize flood risk, produce clean hydropower, and guarantee a dependable water supply for Yuba County residents. The previous monitoring system for the dam […]
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Kampong Speu Authorities confiscated 1,400 hectares of forest land in Oral district
In the first five months of 2024, Kampong Speu provincial authorities decided to confiscate more than 1,400 hectares of forest land in Kampong Speu province’s Oral district as state property after illegal land acquisition. This is according to the orders of the three administrations of Kampong Speu province, which include: First, an order issued on […]
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