Gov’t Greenlights Cutting-Edge Data Centre in Heart of Phnom Penh

The future of digital innovation in Cambodia has taken a resounding step forward with the approval of a groundbreaking project: the establishment of a cutting-edge data centre in the heart of Phnom Penh. The decision comes from the Council for the Development of Cambodia (CDC) and promises to usher in a new era of technological advancement after the CDC approved the project on 18 October 2023. ...

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Cambodia Inks Landmark Agreements with Chinese Corporate Giants on Three Transformative Projects

The Cambodian government has forged pivotal agreements with Chinese corporate giants on three transformative development projects. These monumental partnerships, unveiled during the "Third Belt and Road Forum" in Beijing, promise to reshape Cambodia's technological landscape and boost its economic prowess. Under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia signed...

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Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023

In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments has increased by 1%, while Grade B apartments have seen a m...

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China’s Economy Rebounds: Factory Activity Signals Stabilisation

China's economy is showing signs of stabilisation as factory activity expands for the first time in six months. The Purchasing Managers' Index (PMI), which measures the performance of major manufacturers, rose to 50.2 in September, up from 49.7. This figure is above the critical 50-point threshold, indicating a shift from contraction to expansion. Economists had predicted a reading of 50.0, this w...

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Gov’t Allocates 1,000 Hectares for Airport City Development Near New Siem Reap Airport

Siem Reap Angkor Airport Investment brings forth exciting prospects for the development of the Siem Reap Angkor International Airport. An impressive 1,000 hectares of prime land have been earmarked for an industrial and economic zone, heralding a new era in airport city growth. The announcement was officially made by HE Vongsey Visoth, Permanent Deputy Prime Minister & Minister in charge of...

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China Datang Corp. Pledges Monumental US$600m Injection to Cambodia’s Power Development

In a significant development that promises to reshape Cambodia's energy landscape, China Datang Corporation Ltd. has committed to a staggering US$600 million increase in its existing investments in Cambodia's energy sector. This announcement emerged during a pivotal meeting at the "Third Belt and Road" forum held in Beijing on 16 October 2023. Samdech Hun Manet Prime Minister of Cambodia conven...

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Bentley Systems Announces Winners of the 2023 Going Digital Awards in Infrastructure

Winners Announced at the 2023 Year in Infrastructure and Going Digital Awards Event in Singapore SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the winners of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users advancing infras...

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Siem Reap’s New Airport Welcomes Inaugural Commercial Flight

In a historic moment for Cambodia, the Siem Reap Angkor International Airport officially embraced its inaugural commercial aircraft on 16 October 2023, marking a transformative leap for the country's aviation infrastructure. The momentous inauguration ceremony was presided over by HE Vongsey Visoth, Deputy Prime Minister overseeing the Office of the Council of Ministers, Mr Mao Havanal, Ministe...

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Japan Grants Cambodia Over US$1 Billion to Construct Techo Santepheap Museum in Siem Reap

The Cambodian government is set to construct the illustrious Techo Peace Museum in Siem Reap, with the generous backing of the Japanese government contributing over US$1 billion. This extraordinary initiative seeks to illuminate Cambodia's rich history, its struggles with war, and the precious gift of peace. The Director General of the Cambodian Mine Action Center, Mr Heng Ratana, unveiled on 5...

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Bentley Systems Announces Executive Appointments

Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global ...

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Behind Thailand’s Visa-Free Strategy: A Closer Look Role in Facilitating Chinese Capital Flight

Behind Thailand's audacious plan to attract up to 30 million Chinese tourists and the swift implementation of visa-free access lies a more profound hidden agenda—facilitating the transfer of capital from mainland China. The veneer of tourism and visa-free access masks the real story: Chinese investors are utilizing the financial systems in Hong Kong and Thailand to move their wealth out of mainlan...

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Inauguration of Cambodian-Chinese Traditional Medicine Research Centre at Preah Kosomak Hospital

A significant step towards advancing healthcare in Cambodia was celebrated on 12 October 2023, as the Cambodian-Chinese Traditional Medicine Research Centre within the Cambodia-China Friendship Hospital Preah Kosomak was officially inaugurated. This momentous occasion was hosted by HE Professor Chheang Ra, Cambodia's Minister of Health. During the inauguration, HE Minister Chheang Ra emphasised...

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