Construction Focus
Irrigation Rehabilitation Project in Southwest Phnom Penh Reaches 25% Completion
The extensive rehabilitation project aimed at enhancing the irrigation and drainage systems in Kampong Speu, Takeo, and Kandal provinces has reached 25% completion, as confirmed by HE Pich Veasna, Undersecretary of State at the Ministry of Water Resources and Meteorology, on 22 August 2024. This milestone was announced during an inspection of the project’s progress, […]
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Sembcorp Targets Low-Carbon Leadership with Bold Industrial Park Expansion Across Asia Eyeing Vietnam & Indonesia First
Sembcorp Industries (Sembcorp) is set to lead the development of low-carbon industrial parks in Asia, with a strategic plan to expand its land bank to 18,000 hectares by 2028 and boost its industrial property portfolio from 100,000 square metres to 1.5 million square metres. With Vietnam and Indonesia presenting robust growth opportunities due to strong […]
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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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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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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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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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Japanese Companies Pull Out of China as Vietnam Becomes Next Destination
Japanese companies are becoming increasingly cautious about operating in China, as supply chain risks, anti-espionage legislation, and rising geopolitical tensions create an uncertain environment. A recent survey by Teikoku Databank reveals that the number of Japanese companies in China has decreased by 9.4% since its peak in 2012, with 13,034 businesses currently operating in the […]
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