MOC & Chinese Investors Association Forge Tripartite Vision: Advancing Tourism, Education & Investment

The Ministry of Commerce of Cambodia and the Chinese Investors Association came together on 17 October 2023, to ink three pivotal Memorandums of Understanding (MoUs) in Beijing. These agreements aim to bolster various sectors, including tourism, education, and investment, within the burgeoning Sihanoukville Special Economic Zone. The visionary MoUs were jointly signed by Lok Chumteav Cham Nimol...

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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions

Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The...

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Cambodia & Germany Forge Alliance for Enhanced Waste Management

In a significant step towards improving urban aesthetics and environmental sustainability, Cambodia and Germany have joined forces to strengthen the nation’s waste management strategy. The Ministry of Environment and the German Agency for International Cooperation (GIZ) have embarked on a collaborative project titled "Green Initiative for Chakra Economy for Sustainable Waste and Solid Waste Manage...

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Chinese Railway Company Commits Over US$5bn for Ambitious Cambodian Railway Network Expansion

China Railway Construction Corporation (CRCC) is poised to propel Cambodia's infrastructure development forward with a colossal investment exceeding US$5.3 billion, spanning a total of 53 strategic projects. The Chairman of the Board of Directors of CRCC, Mr Wang Jianping, unveiled this ambitious vision during an audience with Cambodian Prime Minister Hun Manet in Beijing on 17 October. The foc...

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Vietnam’s Multibillion-Dollar Investment Fuels Development in the Triangle Area Bordering Cambodia & Laos

Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 3.731 billion. This significant commitment is embodied in a multitude of 122 projects, reaffirming Vietnam's dedication to regional development. The declaration emerged during a gathering of the National Assembly delegation represent...

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Four New Factories Worth Nearly US$26m Set to Catalyse Growth in Kampong Speu & Takeo Provinces

The Council for the Development of Cambodia (CDC), has given the green light to four forward-thinking companies, marking a significant infusion of nearly US$26 million in investments. These strategic initiatives are poised to create 5,613 job opportunities, benefiting residents in Kandal, Kampong Speu, and the capital city of Phnom Penh. The CDC announcement, made on 11 October 2023, serves as ...

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Chinese firm Commits $3 Billion Investment in Cambodia’s Energy Development

In a remarkable leap towards Cambodia's energy sector development, China Machinery Engineering Corporation (CMEC) has unveiled a groundbreaking plan to co-invest approximately $3 billion in Cambodia's burgeoning gas energy industry. This momentous decision was announced following a high-level meeting between His Excellency Hun Manet, Cambodia's Prime Minister, and Mr. Wang Bo, Chairman of the B...

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Gov’t Announces Temporary Opening of Koh Pich-Koh Norea Bridge for Traffic Starting 20 October

The Cambodian government has announced the temporary opening of the Koh Pich-Koh Norea Bridge from 20 October 2023, as shared on the official Facebook page of the Department of Public Works and Transport of Phnom Penh on the evening of 19 October 2023. The move comes as a strategic response to mitigate traffic congestion caused by the ongoing construction of the Monivong Sky Overpass. Commencin...

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Koh Tonsay Beach to Angkol Beach Road Connection 80% Completion: Game-Changer for Kep Tourism

In picturesque Kep province, construction of the much-anticipated road linking Koh Tonsay Beach to Angkol Beach has surged ahead, reaching an impressive 80% completion as of 18 October 2023. Governor of Kep Province HE Som Piseth enthusiastically shared this update with AKP, underlining the critical role this project plays in bolstering Kep's burgeoning tourism industry. This 11-kilometer ro...

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BRI Forum Brief: China Shifts from Building Major Infrastructure to Focusing on Digital Connectivity

In an era of evolving global dynamics, China's Belt and Road Initiative (BRI) is poised for a transformative second decade, signaling a shift towards more efficient, market-oriented, and less debt-burdened projects. President Xi Jinping's recent pronouncement on the future of BRI as "small yet smart" is underpinned by valuable lessons learned. This strategic shift comes as a response to past chall...

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CP Group Elevates Investment in Cambodia’s Real Estate, Healthcare, and Satellite Development

The renowned Charoen Pokphand Group (CP), Thailand’s largest private company, has unveiled ambitious plans to expand its commitment n real estate, healthcare, and satellite​ city development in Cambodia. A courtesy call between Mr. Tse Ping, Vice Chairman of CP Group, and Samdech Hun Manet, held during the "Third Belt and Road Forum" in Beijing, marked a pivotal moment in Cambodia's path to becomi...

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China Spends US$10bn to Dig Massive New Canal to Ease Trade Flow with ASEAN

Recognizing that the eastern port where goods pass through the port near Taiwan looks unstable and is under US surveillance, China has invested a staggering US$10.3 billion (equivalent to 72.7 billion yuan) to carve out the sprawling Pinglu Canal. Stretching over 134 kilometers, this monumental waterway links the Xijin Reservoir near Guangxi's vibrant capital city, Nanning, to the bustling port of...

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