Business and Market
China Construction America Ordered to Pay USD 1.6bn Over Conflict of Political Interests
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay USD 1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas after the contractor was found to have committed “many acts of fraud” during its takeover […]
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Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference
The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024 to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided a platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, highlighting […]
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Cambodia Records USD 505m in Iron & Steel Imports, Showing Gradual Recovery of Construction Sector
Cambodia imported iron and steel products worth USD 505 million in the first ten months of 2024, a significant 65% increase compared to USD 305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD 52.5 million, marking a […]
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Phnom Penh Autonomous Port Achieves Record Container Traffic & Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]
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French Luxury Brand Metal Jewellery Opens New Factory in Cambodia, Boosting Local Industry & Jobs
Metal Jewellery Cambodia, a renowned French jewellery brand, officially opened its production and assembly factory for metal and plastic jewellery on 9 November 2024. The inauguration, led by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, marks a major milestone following the company’s investment permit approval in June 2023. HE Chea Vuthy emphasised […]
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Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth
Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialized real estate […]
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Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment
Chinese tire manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tire factory. This key decision was highlighted during discussions between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PM Hun Manet at the 8th Greater Mekong […]
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Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally
Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making. PHILADELPHIA — 2024 AASHTO Annual Meeting & Expo — October 29, 2024 — Blyncsy, a Bentley Systems Inc. (Nasdaq: BSY) company, today announced it published a comprehensive public […]
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Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November
The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period ending at 00:00 on 31 October. This was detailed in the company’s official announcement dated 31 October 2024. To support smoother travel, the expressway company will offer Electronic Toll Collection (ETC) devices […]
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Bentley Systems’ New Carbon Analysis Capabilities Help Reduce Infrastructure’s Carbon Footprint
Bentley makes carbon impact analysis a systematic part of the design process for new and existing infrastructure assets and simplifies embodied carbon reporting with added 3D visualisations. VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the general availability of new Carbon Analysis capabilities […]
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