Cambodia Secures US$140m in Concessional Loans for Q1 2024 Infrastructure Development
In the first quarter of 2024, the Cambodian government signed new concessional loans worth US$140 million with development partners, marking a year-on-year decrease of 71%. This significant reduction in new loans reflects the latest figures from Cambodia’s Public Debt Situation report issued on Friday, 17 May 2024. Additionally, during Q1 2024, the RGC disbursed US$141 […]
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German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable energy, tourism, […]
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China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
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Spain Eyes Expansion in Cambodia’s Wind Power Sector
Spain’s Acciona Energía is set to boost its investment in Cambodia, enhancing its current wind power projects in the country. This announcement was made during a visit by a Cambodian delegation to Acciona Energía’s headquarters, led by Deputy Prime Minister Sun Chanthol, the first Vice President of the Council for the Development of Cambodia, on […]
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Twin Flyovers Break Ground with US$16m Investment to Boost Phnom Penh & Kandal Connectivity
Ground was broken on twin flyovers, costing over US$16 million, to enhance connectivity along the 60-metre boulevard at the intersection of National Road 2 between Phnom Penh and Kandal province. PM Hun Manet presided over the opening ceremony on 17 June 2024. Constructed with reinforced concrete and I-shaped beams, each flyover spans 9.5 metres in […]
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EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains with the adoption of a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according […]
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To Counter US, China Invests Big in Domestic Chip Production with US$47bn Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan (US$47 billion), according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
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Prime Business Location in Phnom Penh: The Standard Diamond Project by Borey Peng Huoth
Amidst recent economic shifts, many businesses have faced disruptions, yet the 60-metre road area in Phnom Penh is witnessing a notable resurgence. A standout location within this zone are the shophouses at Borey Peng Huoth’s The Standard Diamond Project, offering a prime opportunity for new ventures. These shophouses are strategically located along the main road […]
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Cambodia’s First Concrete-Floored Historical Canal 260km in Length Reaches 76% Completion
The Cambodian government is nearing the completion of a historic 260-kilometre canal project, set to be the first in the country to feature a concrete pavement at its bottom. Construction has reached 76.77% completion. This significant milestone was highlighted by PM Hun Manet during an inspection of the Stung Prek Tnaot irrigation system on 14 […]
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Morocco to Spend US$1.2bn to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
A transformative project is underway in Dakhla, a city on Morocco’s southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN on 28 May 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla […]
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Cambodia Attracts Over US$246m in New Investments in May, Half from China
In May 2024, Cambodia secured over US$246 million in new investment projects, with nearly 50% of the funds coming from China. The Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion, which are expected to generate approximately 15,000 jobs for Cambodians. This information was released in a press statement […]
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Kampong Speu Authorities Confiscate Over 3,400 Hectares of Forest Land in Oral Mountain Sanctuary
Kampong Speu provincial authorities have confiscated an additional 3,434 hectares of forest land in the Oral Mountain Wildlife Sanctuary, reclaiming it as state property. This decision follows the recent confiscation of more than 1,400 hectares of forest land earlier in 2024, as stated in the order dated 7 June 2024. The order mandates the confiscation […]
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