Cooperation and networking
Malaysia & Cambodia Unveil Cross-Border QR Payment Linkage
In a major milestone for regional digital payments, Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have successfully launched a cross-border QR payment linkage between Malaysia and Cambodia, aiming to connect over five million merchants across both countries, according to Asianbankingandfinance dated 20 September 2024. This ambitious initiative, which reached the end […]
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Japan Grants USD 54m Loan for Power Transmission Expansion in Phnom Penh
Japan has extended a concessional loan exceeding USD 54 million to support the second phase of Phnom Penh’s power transmission and distribution system expansion. The loan marks the third funding package to enhance the city’s electricity infrastructure, with plans to build substations and transmission lines connecting to the Chbar Ampov district. The agreement was officially […]
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Honda to Expand Capital Investment in Cambodia After 25 Years of Success
Honda Motor Co., Ltd., through its local partner N.C.X. Co., Ltd, has announced plans to expand its investment in Cambodia, marking over 25 years of successful operations in the country. The decision followed a high-level meeting on 20 September 2024 between Prime Minister Samdech Hun Manet and Mr. Minoru Kato, Executive Director and Vice President […]
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Cambodian Gov’t Secures Over USD 313m 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 […]
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Chinese Firm to Revolutionise Cambodia with Cutting-Edge 3D AI Display Technology
A leading Chinese company specializing in 3D-AI-free digital display technology has announced plans to invest in Cambodia, bringing advanced 3D displays that require no glasses integrated with 5G technology. The move signals an exciting new chapter for Cambodia’s tech landscape, with the Ministry of Information confirming the development on 16 September 2024. During a high-level […]
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Cambodia-Indonesia Trade Volume Surpasses USD 1bn in 2023 with 15% Growth
In a significant boost for bilateral relations, Cambodia and Indonesia achieved a trade volume exceeding USD 1 billion in 2023, marking a robust 15% increase compared to the previous year. Lok Chumteav Chamnimol, Cambodia’s Minister of Commerce, shared these insights during the “Hello Indonesia” exhibition on 13 September 2024. The minister emphasized that this remarkable […]
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Japan Eyes Major Investment in Battambang, With Advanced Technology Capable of Converting 1 Ton of Waste to 700 Litres of Oil
Sougo Tatemono Service Inc. from Japan has expressed a strong interest in transforming Battambang province’s plastic waste into fuel oil, showcasing a breakthrough technology that converts 1 ton of pure plastic into 600 to 700 litres of oil. The company’s representatives introduced this technology in a meeting with Battambang’s Governor, HE Sok Loo, and the […]
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ASEAN Constructors Federation Drives Innovation & Unity at 56th Council Meeting in Malaysia
The ASEAN Constructors Federation (ACF) made significant strides at its 56th Council Meeting in Kuala Lumpur, achieving breakthroughs in safety standards, digital transformation, and sustainable practices. With representation from all eight ASEAN member states, the meeting highlighted key projects like Cambodia’s airport development and the 180-kilometre canal linking Phnom Penh to Kampot, alongside Malaysia’s innovative […]
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Cambodia & Laos Unite to Tackle Mekong River Plastic Pollution
Cambodia and Laos have formalized their joint efforts to address plastic pollution in the Mekong River, signing a Memorandum of Understanding (MoU) during the 6th GMS Environment Ministers’ Meeting (EMM-6), held from 10 to 13 September 2024 in Phnom Penh. The agreement signifies a shared commitment to reducing plastic waste and protecting the Mekong’s ecosystems, […]
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Cambodia & South Korea Strengthen Partnership to Accelerate Rural Development Through New Village Movement
On 12 September 2024, Cambodia and South Korea solidified their commitment to enhancing rural development in Cambodia by signing a Memorandum of Understanding (MoU) under the New Village Movement project. The MoU, signed between Kyungsangbukdo Province of South Korea and Cambodia’s Asian Cultural Council, highlights a renewed focus on boosting rural infrastructure, promoting agricultural innovation, […]
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