Chinese electric car maker BYD plans to open a factory in Cambodia
China’s largest electric car maker BYD plans to invest in a car plant in Cambodia. This was confirmed by Samdech Prime Minister Hun Manet during the gathering and eating of solidarity, family, small and medium enterprises and handicrafts of about 5,000 people on the afternoon of June 27, 2024. Hun Manet said that in addition […]
Kampot provincial authorities are building a large clock to boost tourism in the area
Kampot Provincial Authority is constructing a large new clock to enhance the area’s tourism potential. The clock will stand at a height of 35 meters with a face nearly 10 meters in diameter and will be situated in Kampot province. This announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first […]
China Aims to Attract 100 More Companies to Invest in Zhejiang SEZ in Koh Kong by 2024
China’s Zhejiang Special Economic Zone (SEZ) in Koh Kong is set to attract 100 more companies by 2024, adding to the 28 currently investing there. This strategic goal was highlighted during a meeting between Mr. Chea Vuthy, Secretary General of the Investment Committee of Cambodia, and Mr. Zhou Zhangjin, Chairman of Zhejiang SEZ, along with […]
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 […]