Hitachi Targets Southeast Asia Rail Market with $1.6 Billion Acquisition
Hitachi aims to expand its presence in Southeast Asia’s railway market following its $1.6 billion acquisition of Thales Group’s rail signal business on 31 May 2024, as China remains a dominant infrastructure supplier. This move enhances Hitachi’s ability to provide integrated railway solutions in Singapore and Malaysia. The announcement was made during a media roundtable […]
BYD to Establish Electric Car Factory in Cambodia, Signaling Major Economic Expansion
China’s leading electric car manufacturer, BYD, is set to invest in a new car plant in Cambodia, as confirmed by Prime Minister Hun Manet during a gathering with SMEs and artisans on 27 June 2024. PM Hun Manet also mentioned that two additional companies have applied to establish factories in Cambodia, further bolstering the nation’s […]
Kampot Unveils Giant Clock Project to Boost Tourism
Kampot Provincial Authority is set to construct a monumental clock standing 35 meters tall, with a face nearly 10 meters in diameter, aiming to enhance the region’s tourism appeal. The announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first regular meeting of the Kampot Provincial Council of the fourth mandate […]
TSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor production in the current […]
World Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
The World Bank has approved a US$275 million loan package to support Cambodia’s long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country’s finances to assist the most vulnerable populations. This announcement was made by […]
Southern Phnom Penh Set for Major Expansion with New Projects and Government Vision
The Cambodian government has announced an ambitious infrastructure development plan for the southern part of Phnom Penh, which is rapidly growing due to increasing population density. This plan is anchored by two major projects: the Techo International Airport and the Takhmao City and Prek Chik Funan Techo developments. The unveiling of this vision was made […]