USAID Grants USD 55 Million to Cambodia, Prioritising Food Security, Health & Environment

The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director of USAID Gl...

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PM Celebrates Inauguration of USD 62 Million Dam Rehabilitation Projects in Mondulkiri

Three major dam rehabilitation projects in Mondulkiri, the Otethipadi, Sen Sokdom, and Sen Monorom dams, have officially been inaugurated, representing a USD 62 million investment aimed at transforming the province's water infrastructure. The inauguration ceremony, presided over by PM Hun Manet, marked a significant step towards improving local livelihoods, with the projects set to supply clean...

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Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr & Confluences

Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies' involvement in assessing the technical and economic aspects of the proj...

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France & EU Set to Boost Phnom Penh Water Supply’s Capacity for Clean Water Development

The French Development Agency (AFD) and the European Union are gearing up to enhance the capabilities of the Phnom Penh Water Supply Authority (PPWSA) initiative to strengthen Cambodia's water sector, starting in early 2025. This plan, aimed at advancing the Sixth Sustainable Development Goal of universal access to clean water and improved sanitation, was announced after discussions on 14 Octob...

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China Grants Over USD 42m to Boost Cambodia’s Infrastructure Development

To Cambodia’s infrastructure development, China has pledged 300 million yuan (approximately USD 42 million) in grants. This commitment, aimed at advancing Cambodia’s infrastructure, was confirmed during a bilateral meeting between Cambodian Prime Minister Hun Manet and Chinese Prime Minister Li Qiang at the 44th and 45th ASEAN Summits in Vientiane, Laos. The pledge reflects China’s ongoing dedicat...

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Cambodia Approves 28 New Projects in September, Attracting USD 443m Investment

Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD 443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as an attractive hub for both local and international investors. The Council for the Development of Cambodia confirmed the details...

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Japanese Firm, MIRARTH, Expands Cashew Processing in Kampong Thom with Plans to Extract Oil from Cashew Shells

MIRARTH, a Japanese company operating in Kampong Thom, is significantly expanding its cashew nut processing capacity from 300 tons per year in 2021 to 1,500 tons annually while exploring new avenues for refining oil from cashew shells. This initiative reflects the company’s commitment to innovation and value-added processing within Cambodia’s agricultural sector. The company presented a two-yea...

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MPWT Completes Trapeang Sre Border Gate Project, Paving Way for Next-Phase Development

The Ministry of Public Works and Transport (MPWT) has officially announced the successful completion of the Trapeang Sre International Border Gate Improvement Project, a critical undertaking implemented under the Official Development Assistance Framework of the Republic of Korea. This milestone is expected to enhance cross-border trade and logistics operations in the region, positioning Cambodia f...

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Pinglu Canal Set to Revolutionise China-ASEAN Trade Routes, Achieves 53% Milestone

The Pinglu Canal, a pivotal infrastructure project in southern China’s Guangxi Zhuang Autonomous Region, has already seen 53.2% of its construction completed since work began on 28 August 2022. This major progress was reported on 10 September 2024. With a total investment of approximately USD 9.97 billion, this ambitious project is expected to open new trade corridors between China and ASEAN co...

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Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand

Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the rapid growth in high-rise develop...

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