EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains by adopting a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according to European […]
To Counter US, China Invests Big in Domestic Chip Production with $47 Billion Fund
In a bold move to bolster domestic chip manufacturing and counter US restrictions on advanced technology, China launched a new state-backed semiconductor fund worth a staggering 344 billion yuan US$47 billion, according to Asia.nikkei on May 27, 2024. This substantial investment, known as the China Integrated Circuit Industry Investment Fund Phase III (Big Fund Phase […]
A prime business location in Phnom Penh that should not be overlooked
Amidst significant economic changes in recent times, business operations have been put on hold for many. However, there has been a noticeable resurgence in new business activities, particularly in the 60-meter road area. Within this 60-meter road area, one location stands out—the shophouse of Borey Peng Huoth, The Standard Diamond Project. Why is this shophouse […]
This 260 km canal will be the first historical canal in Cambodia with a concrete floor
The Royal Government of Cambodia considers this 260-kilometer-long project to release water and diversify water from Phnom Penh as the first historical building of Cambodia because it was built with concrete pavement at the bottom of the canal in the modern technical standard. Construction has been completed 76.77 percent. This is according to the words […]
Morocco to Spend US$1.2billion to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
A transformative project is underway in Dakhla, a city on Morocco’s southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN dated May 28, 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla […]
Cambodia Attracts Over $246 Million in New Investments in May, Half from China
In May 2024, Cambodia secured over $246 million in new investment projects, with nearly 50% of the funds coming from China. The Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion, which are expected to generate approximately 15,000 jobs for Cambodians. This information was released in a press statement […]