China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
Cambodia Establishes National Task Force for Sustainable Forest Protection Land Grant Program
In a significant move towards sustainable development, His Majesty King Norodom Sihamoni has signed on establishing a National Committee dedicated to implementing the Forest Protection Land Grant Program. This initiative is formalized under Royal Decree No. នស/រកត/១១២៤/១៤១២, dated November 6, 2024. Committee Overview: The committee referred to as “ផ.ក.អ” (Committee for the Forest Protection Land […]
Building Bridges: Cambodia Constructors Association’s Successful Business Tour in Foshan
In an inspiring display of collaboration and international engagement, the Cambodia Constructors Association (CCA) organized a significant business tour from October 18 to 21, 2024, to attend the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event served as a vital platform for Cambodian construction […]
Chinese Company Danong Development Group to Invest in Agriculture in Takeo Province
Takeo Province, Cambodia – In a significant move for the local agricultural sector, the Chinese company Danong Development Group has announced plans to invest in agriculture in Takeo Province, focusing primarily on livestock and key agricultural products. This announcement was made during a meeting between company representatives and the Takeo provincial administration on November 13, […]
Cambodia imports USD505 million worth of iron and steel in ten-month period
Cambodia imported USD505 million worth of iron and steel products during the first ten months of 2024, marking a 65 percent increase from USD305 million in the same period the previous year. According to figures from the General Department of Customs and Excise of Cambodia (GDCE), imports of iron and steel in October 2024 reached […]
Phnom Penh Autonomous Port Sees Record Container Traffic in 2024
In a remarkable achievement, the Phnom Penh Autonomous Port reported receiving over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months of 2024, marking a nearly 20% increase compared to the same period last year. This significant growth reflects the port’s continuous expansion and increasing role in Cambodia’s logistics sector. According to […]