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 […]
Urgent Warning: Surge in Fake Telegram Groups Targeting Investors and general people
A concerning trend has emerged in Cambodia, with a notable increase in fraudulent Telegram groups masquerading as legitimate entities, aimed at deceiving individuals into investing in non-existent schemes. These counterfeit groups are exploiting the names and logos of reputable companies and institutions, such as Royal Group, Borey Peng Huoth, National Bank, and Canadia Bank, to […]
Cambodia’s Trade Volume with RCEP Surges to Nearly $23 Billion in 8-Month Period, Up 17%
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia’s deepening economic integration with RCEP member countries, […]
Cambodia and Canada sign MoU to promote joint venture project development
To strengthen bilateral investment and expand economic cooperation, Cambodia and Canada have formalized an agreement to promote joint venture projects, focusing on priority sectors such as agriculture, renewable energy, and technology. The MoU was signed between the Cambodian Duke Association and Excellence Industrielle Saint-Laurent (FISL) of Quebec, Canada, during the visit of Cambodia’s Deputy PM […]
Malaysia Completes the World’s 2nd Tallest 678.9-metre Merdeka Skyscraper Amid Concerns Over Demand
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]
ADB Partners with Two Cambodian Institutions to Drive Development with USD 360 Million Annual Investment
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia’s development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth […]