Pinglu Canal Set to Revolutionize China-ASEAN Trade Routes, Achieved 53% Milestone
The Pinglu Canal, a pivotal infrastructure project in southern China’s Guangxi Zhuang Autonomous Region, has already seen 53.2% of its construction completed since work began on 28 August 2022. This major progress was reported on 10 September 2024. With an investment of approximately $9.97 billion, this ambitious project is expected to open new trade corridors […]
Apple Commits USD250 Million on New Campus in Singapore Aiming to Expand Market in ASEAN
Apple has announced a USD 250 million expansion of its Ang Mo Kio campus in Singapore, reinforcing its presence in Southeast Asia with construction set to begin this year, according to Thailand-business-news dated 04 September 2024. The project will utilize 100% renewable energy and target LEED certification, highlighting Apple’s dedication to sustainability. The announcement, made […]
MISTI Announces USD 185 Million Water Supply and Sanitation Expansion Project
The Ministry of Industry, Science, Technology, and Innovation (MISTI) has launched a USD 184.9 million project over the next five years to bolster water supply and sanitation services across Cambodia. This major initiative, designed to meet increasing demand and accelerate progress towards the UN’s sustainable development goals for clean water and sanitation by 2030, is […]
WB Approves USD80 Million Grant to Elevate Cambodia’s Education Sector and Renovate 147 Laboratories
In a significant boost to Cambodia’s education system, the World Bank has approved an USD80 million grant aimed at upgrading the country’s tertiary education and research infrastructure. Over the next six years, the financing will be used to renovate 147 laboratories across nine public higher education institutions, providing improved facilities for academic growth and research […]
Cambodian Gov’t Secures Over USD 313 Million in Concessional Loans to Boost Public Investment
The Cambodian government signed new concessional loans totalling USD 313 million with development partners in the first half of 2024, bringing the nation’s public debt to USD 11.27 billion. The Ministry of Economy and Finance recently reported that these new loans, equating to 14% of the legally permitted ceiling, will fund vital public investment projects […]
Germany Provides USD 3.12 Million for Cambodia’s Demining Operations in Two Provinces
Germany has granted USD 3.12 million to support Cambodia’s demining operations in Banteay Meanchey and Oddar Meanchey provinces. The funds, allocated through the Norwegian People’s Aid (NPA), were announced during a meeting on 4 September 2024 between HE Heng Ratana, head of CMAC, and Mr Hans Risser, NPA President in Cambodia. The grant, covering a […]