Construction Focus
Cambodia Welcomes US$11.3m Investment for Two New Factories in Kampong Speu & Svay Rieng
The Council for the Development of Cambodia (CDC) has given the green light to two companies set to invest a total of US$11.3 million in establishing two factories. These ventures are expected to generate a total of 1,289 job opportunities, benefitting residents of Svay Rieng and Sihanoukville. The CDC announcement on 28 September 2023, highlighted […]
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US$ 19m Siem Reap Referral Hospital 100% Completed: A New Dawn in Healthcare Beckons
The brand-new Siem Reap Referral Hospital’s surgical service center, with an investment of US$19 million, has reached its pinnacle of development with 100 percent complete and is scheduled to be officially inaugurated soon. This state-of-the-art healthcare facility, realized through generous grants from the Japanese government, is poised to revolutionize healthcare services in the province. The […]
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Cambodian Banks and Microfinance Inject $57 Billion in Loans into the Economy in H1 2023
During the first half of 2023, Cambodia witnessed a remarkable surge in financial support to the economic sector. Banks and microfinance institutions disbursed an impressive sum of $57.8 billion (equivalent to 238.7 trillion riels), signifying an impressive year-on-year increase of 10.5%. This financial injection has been instrumental in driving various sectors of the economy. These […]
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Okhna Mong Reththy to Build 10km Trunk Road Project for Agro-Tourism Resort in Kampong Speu
Okhna Mong Reththy has unveiled plans for a 10-kilometre trunk road within the Mong Reththy Sen Chey agro-tourism development resort. This visionary project is poised to draw national and international tourists, as announced on Mong Reththy’s official Facebook page on 29 September 2023. The proposed lorry road will stretch for a total of 10,000 metres […]
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Chinese State-Backed Investors Inject US$7 Billion into YMTC to Propel Local Chip Component Production While US Moves to Produce in Vietnam
In response to mounting geopolitical tensions and US trade restrictions, Yangtze Memory Technologies Corp (YMTC), China’s premier memory chip manufacturer, is taking significant steps to bolster its domestic supply chain. The company received a substantial US$7 billion capital infusion from state-backed investors, including the Big Fund, earlier this year, according to SCMP on 30 September […]
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Civil infrastructure geoprofessionals are ready to adopt the cloud
The report highlights time-consuming data management practices, with data residing in disparate “‘silos’” CHRISTCHURCH, NEW ZEALAND, July 19, 2023 – Seequent, The Bentley Subsurface Company, today announced the findings of its latest Geoprofessionals Data Management Report, which looks at the trends, challenges, and opportunities in geoscience data. Jo Knight, Chief Customer Officer, Seequent, said, “As […]
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Infrastructure Projects in India, South Korea, and Southeast Asia Named as Finalists in Bentley Systems’ 2023 Going Digital Awards in Infrastructure
Winners to Be Selected and Announced on Oct. 12 as Part of Bentley’s Year in Infrastructure and Going Digital Awards EXTON, Pa. – Sept. 27, 2023 – Bentley Systems, Incorporated, the infrastructure engineering software company, has announced several projects from India, South Korea, and Southeast Asia as finalists in Bentley’s 2023 Going Digital Awards in […]
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Cambodia & Thailand Pledge Joint Efforts to Boost Cross-Border Trade, Aiming for US$15bn by 2025
In a harmonious display of regional cooperation, Cambodia and Thailand have joined forces to tackle cross-border trade challenges with the ambitious goal of reaching a staggering US$15 billion in trade volume by 2025. This commitment underscores their shared dedication to advancing mutual prosperity and peace, as declared in a press release from the Ministry of […]
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Thai PM Pledges Swift Establishment of Cambodian Consulate General in Songkhla for Enhanced Worker Support
In a significant step towards strengthening bilateral relations, the Thai government has committed to expediting the establishment of a Cambodian Consulate General in Songkhla. This move aims to facilitate Cambodian workers residing and labouring in the southern regions of Thailand. This announcement comes via a press release from the Ministry of Foreign Affairs and International […]
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Cambodia Prepares Groundbreaking Legislation to Foster Public-Private Ventures
The Ministry of Economy and Finance is actively crafting a new law pertaining to the management of public enterprises and state-owned entities. This legislation encompasses a wide spectrum of business endeavours and public-private investments, marking a pivotal step in Cambodia’s economic evolution. The ministry unveiled the initiative during a consultation workshop held on 21 September […]
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