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ខ្មែរ 
Tesla’s Cybertruck Hits the Roads: Deliveries Commence End November After 2-Year Wait
In a much-anticipated move, Tesla initiated deliveries of its groundbreaking Cybertruck on Thursday 30 November, officially venturing into the competitive pickup market in Austin, Texas, according to The Guardian on 1 December 2023. Priced between US$60,990 and US$99,990 for its three variants, Elon Musk, Tesla's CEO, confidently asserted that the Cybertruck offers "more utility than a truck" a...
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Building Bridges of Progress: Europe’s 30-Year Investment Surpasses US$1.4 Billion in Cambodia’s Key Sectors
In an enduring partnership spanning three decades, the European Union has been a steadfast supporter of Cambodia's development, injecting over US$1.4 billion from 1992 to 2022 into crucial sectors. The Council for the Development of Cambodia, in a press release dated 12 December 2023, revealed that this substantial cooperation financing, constituting 4.9% of all support from development partner...
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US$2 million Poipet Victim Rehabilitation Centre Unveiled, Signifying Cambodia’s Commitment Against Human Trafficking
The Poipet Victim Rehabilitation Centre in Banteay Meanchey Province was formally inaugurated on 18 December 2023 presided over by HE Sar Sokha, Deputy Prime Minister and Chairman of the National Committee for Combating Human Trafficking (NEC). This state-of-the-art facility, valued at over US$2 million, is emblematic of Cambodia's resolute stance against human trafficking. The Poipet Victims R...
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Bak Kheng Water Treatment Plant Phase 2 Reaches 95% Completion, Unveiled Next Year
The ambitious second phase of the Bak Kheng water treatment plant is on the brink of realization, with construction reaching an impressive 95% completion, according to an update from the Ministry of Industry, Science, Technology, and Innovation on 15 December 2023. Scheduled for inauguration in the first quarter of 2024, this crucial phase aligns with the government's commitment to bolster Phnom P...
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Cambodia & Indonesia Forge Stronger Ties with Sisterhood Agreement
In a move to deepen the bonds between Cambodia and Indonesia, the two nations are fast-tracking the signing of a sisterhood agreement between Phnom Penh and Sumatra. The collaborative effort, aimed at strengthening ties, was a focal point of the meeting between HE Khuong Sreng, Governor of the Board of Governors of Phnom Penh, and HE Santo Chea Mosumato, Ambassador Extraordinary and Plenipotentiar...
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Five EU Countries Invests €5Billion in “Rail Baltica”, An Unprecedented Model for Global Infrastructure
In a groundbreaking initiative to transform Baltic connectivity, "Rail Baltica" emerges as a trailblazing greenfield rail transport infrastructure project. This ambitious endeavor seeks to seamlessly integrate the Baltic States into the European rail network, involving five European Union countries: Poland, Lithuania, Latvia, Estonia, and indirectly, Finland. A monumental leap in regional developm...
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Chinese bankrupt Evergrande sells 30% stake to state-owned company to pay off debt
In response to the complex dynamics in China's property sector, Evergrande, the globally renowned real estate developer, has taken a strategic step by selling its 30% stake in the Shanghai North Bund Project to state-owned China Everbright Group. The move, disclosed in a statement to the Hong Kong Exchange, is valued at 663.15 million yuan ($93.5 million), indicating Evergrande's commitment to man...
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118 Nations Commit to Tripling RE Capacity by 2030 at COP28, China and India Yet to Sign
In a landmark move at the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change in the United Arab Emirates (UAE), 118 countries have pledged to triple global renewable energy capacity by 2030. The ambitious commitment, announced as part of the Global Acceleration for Decarbonization initiative during COP28 in Dubai, sets the stage for a transformative shift towar...
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Cambodia and the UK Forge Green Partnership: A Milestone in Sustainable Infrastructure Development
Cambodia and the United Kingdom inked a Memorandum of Understanding (MoU) signaling a commitment to foster investment in green infrastructure projects within the Kingdom. The MoU, signed by His Excellency Meas Sok Sen San, Secretary of State of the Ministry of Economy and Finance, and His Excellency Dominic Williams, UK Ambassador Extraordinary and Plenipotentiary to Cambodia on December 8, 2023, ...
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ADATA Unveils Ambitious $100 Million Investment in Cutting-edge Technology Plant in Cambodia
ADATA Technology Co., Ltd., a globally renowned Taiwanese DRAM memory manufacturer, has officially declared its commitment to a staggering US$100 million investment in various electronic products within the country. The announcement came during a press conference at Sofitel Phnom Penh Phokeethra on 14 December 2023, attended by HE Nim Vannak, CEO of ACE Group, and Mr Chen Chien Wen, representative...
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ADB-Funded Wastewater Project in Kampot Enhances Environmental Sustainability with US$20m Investment
The Asian Development Bank (ADB) has played a pivotal role by extending a US$20 million loan for the construction of a state-of-the-art sewer system and wastewater treatment plant in Kampot province. The culmination of this impactful project was marked by an official inauguration ceremony on 15 December 2023, attended by key dignitaries, including HE Peng Po, Minister of Public Works and Transport...
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Cambodia’s Exports Surge to Over US$20bn, Marking a Resilient 1.2% Growth in 2023
Cambodia has recorded a noteworthy surge in exports, surpassing the US$20 billion mark in the first 11 months of 2023. The General Department of Customs and Excise of Cambodia reports a commendable 1.2% increase compared to the corresponding period in 2022, showcasing the nation's steadfast position in the global trade landscape. From January to November 2023, Cambodia's trade volume with China...
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