Cambodian Gov’t to Cease Border Infrastructure Fund Donations by 31 October After Raising Over US$ 26Mil
The Cambodian government has announced that it will stop accepting donations for its Border Infrastructure Fund after raising over USD 26.33 million from nearly 700,000 donors to support the construction of a border ring road. The funding effort, which aims to enhance border infrastructure and strengthen national development, will officially conclude on 31 October 2024, […]
While China controls most of the real estate market, Japan continues to dominate ASEAN’s major economies
Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia remains more focused on tertiary industries like finance, construction, and real estate, and is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China’s FDI in these sectors may complement, rather […]
Australia and Cambodia Unveil Advanced Food Quality Testing Service to Boost Agro-Food Safety
Australia, in collaboration with the Institut Pasteur du Cambodge, has officially launched a cutting-edge food quality testing laboratory in Cambodia, aiming to enhance food safety and market competitiveness for the country’s agro-food sector, according to a press release from the Australian Embassy on 16 October 2024. The new facility, which adheres to ISO standards for […]
VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
Phnom Penh to Undergo AI-Driven Renovation of Norodom Boulevard and Sisowath Quay
The Ministry of Land Management, Urban Planning, and Construction has announced plans to renovate two of Phnom Penh’s prominent boulevards—Norodom Boulevard and Sisowath Quay—leveraging artificial intelligence (AI) technology to enhance urban aesthetics and functionality. The initiative was disclosed by HE Leang Monirith, Secretary of State of the Ministry, during a workshop on infrastructure development, held […]
Bassac River Crossing Project (Chak Angre Krom – Prek Pra) Progresses Towards Completion, Reaching 14.5%
The Bassac River Crossing Project, linking Chak Angre Krom and Prek Pra, has achieved 14.5% completion by mid-October 2024, marking significant progress in the infrastructure development initiative. The Ministry of Public Works and Transport provided this update on 17 October 2024, highlighting that the project, which began on 19 February 2024, is steadily advancing towards […]