Business and Market
CamDX Soars: Construction & Real Estate Firms Propel Investment Beyond US$2 Billion Mark by November
The information technology nursery, CamDX, has emerged as the harbinger of prosperity, boasting over US$2 billion in investments from construction and real estate companies combined. As of 19 November 2023, Cam DX’s robust business registration system has recorded a substantial infusion of capital, with the construction sector leading at US$1.11 billion, closely followed by real […]
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bp Selects AssetWise Lifecycle Information Management and AssetWise Reliability as Standard for Information Management and Asset Integrity
For an Enterprise-wide Approach to Asset Information Management in Parallel with Structural Integrity and Reliability Management EXTON, Pa. – Nov. 2, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that bp has selected Bentley’s AssetWise Asset Lifecycle Information Management (ALIM) and AssetWise Reliability (AR), part of Bentley Infrastructure Cloud, […]
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Cambodia CCA to Form Large-Scale Business Ties with Malaysian Chamber of Commerce & Biggest Malaysian SME Association
In a pivotal move towards fostering international business ties, the Cambodia Constructors Association (CCA) orchestrated a momentous meeting with the Malaysia-Cambodia Chamber of Commerce (MCCC) on 8 November 2023. The high-profile meeting, hosted by Oknha Charles Van, representing Neak Oknha Pung Kheav Se, President of CCA, and attended by Mr Dato’s Sri Dr Rick Yaw, […]
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Thai Political Situation Impacting Real Estate Sector
Real estate experts have expressed concern over the impact on the sector due to political uncertainty stemming from the May general elections which saw the installation of a new Prime Minister Srettha Thavisin, despite the Move Forward party winning the most votes. The real estate sector contributes around 10% of Thailand’s GDP, so any negative […]
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Bentley Systems Announces the 2023 Going Digital Awards in Infrastructure Founders’ Honors
SINGAPORE – Oct. 12, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the 2023 Going Digital Awards in Infrastructure Founders’ Honors. During the 2023 Year in Infrastructure and Going Digital Awards event held today, 15 projects were recognized for Founders’ Honors. With input from senior company executives, Greg Bentley […]
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Vietnam & Cambodia Collaborate to Boost Trade Efficiency and Reduce Shipping Costs
Vietnam’s Saigon Newport and Cambodia’s Phnom Penh Autonomous Port (PPAP) have joined forces to foster sustainable business development and further invigorate economic and trade growth, cementing the rapport between these two nations. During the official signing ceremony on 28 October 2023, Ms. Her Panin, Deputy Director General overseeing the Phnom Penh Autonomous Port Operations, emphasized […]
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Bentley Systems Recognizes the Year in Infrastructure 2023 as Groundbreaking for Infrastructure Intelligence
Bentley Infrastructure Cloud Compounds Value of Engineering Data; iTwin Capabilities Added to Bentley Open Applications SINGAPORE – Oct. 12, 2023 – At its annual Year in Infrastructure conference, Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, described 2023 as a “groundbreaking year” for infrastructure intelligence. Citing users’ projects, CEO Greg Bentley highlighted how […]
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VN’s VinFast Market Expansion: $400 Million Investment in EV Factories in India and Indonesia
Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up for a substantial expansion, with plans to establish manufacturing facilities in India and Indonesia. These ambitious moves are backed by a projected $1.2 billion capital infusion from its founder and other investors. VinFast, a Nasdaq-listed company, envisions entering 50 markets worldwide by the close of 2024, […]
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Price Wars Drive Mitsubishi Motors Out of China to Move to Southeast Asia
In a strategic move, Mitsubishi Motors has taken the decision to cease automobile production in China. This significant shift in strategy comes as Mitsubishi grapples with sluggish sales in China, primarily attributed to the increasing popularity of electric vehicles (EVs) and the emergence of local automotive brands. As the curtains close on their Chinese operations, […]
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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 […]
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