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ខ្មែរ Projects Development
Cambodia Attracts Over US$246m in New Investments in May, Half from China
- 14 June 2024
In May 2024, Cambodia secured over US$246 million in new investment projects, with nearly 50% of the funds coming from China. The Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion, which are expected to generate approximately 15,000 jobs for Cambodians. This information was released in a press statement by the CDC on 10 May 2024. Of the 25 appro...
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Giant Tech-Companies Rushing to Install AI Technology Centres & Cloud Storage Stations in Malaysia, Indonesia, Singapore & Thailand
- 13 June 2024
Google announced on 22 May 2024 that it will invest US$2 billion in Malaysia to develop its first data centre and Google Cloud station in the country, marking a significant expansion into Southeast Asia. This investment aims to bolster Malaysia's digital ambitions by leveraging artificial intelligence (AI) and advanced technologies to elevate local industries within the global value chain. The ...
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ADB Commits US$1.26bn to Support Cambodia’s Sustainable Development
- 13 June 2024
The Asian Development Bank (ADB) has unveiled its latest country partnership strategy for Cambodia, committing approximately US$1.26 billion to support the nation's sustainable development and economic growth. This announcement was made during the inauguration of ADB's new office on 12 June 2024, presided over by Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth. Spe...
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Banteay Meanchey’s Irrigation Project Achieves Over 45% Completion
- 12 June 2024
The ambitious irrigation development project aimed at mitigating flood disasters in Banteay Meanchey province has reached a significant milestone, achieving 45.07% completion. This progress was confirmed by Mr Ponh Sach, Secretary of State of the Ministry of Water Resources and Meteorology, during a project inspection on 8 June 2024. In an interview with PM Hun Manet's press team, Mr Ponh Sach ...
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Tonle Sap Environmental Improvement Project in Pursat Phase 1 Officially Inaugurated
- 3 June 2024
The first phase of the Tonle Sap Environmental Improvement Project, featuring the construction of a sewer system and a wastewater treatment plant in Pursat, has been officially inaugurated. This milestone was marked by an inauguration ceremony led by HE Ros Vanna, Secretary of State of the Ministry of Public Works and Transport, on 2 June 2024. Located in Sangkat Phteah Prey, Pursat city, Pursa...
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Stung Prek Tnaot Rehabilitation Project Nears Completion with 95% Progress
- 27 May 2024
The Stung Prek Tnaot Rehabilitation Project in the lower part from the east of National Road 3 has reached an impressive 95% completion and is on track to be finished by June or July this year. This update was shared on the official Facebook page of the Ministry of Water Resources and Meteorology on 25 May 2024. The Stung Prek Tnaot Irrigation and Flood Protection Project encompasses four major...
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Kampong Speu Province to Welcome Four New Factories with US$25m investment, Creating Over 1,200 Jobs
- 25 May 2024
The Cambodian investment landscape is buzzing with new developments in Kampong Speu province. The Council for the Development of Cambodia (CDC) recently greenlit four investment projects with a combined value of nearly US$25 million. These new factories are expected to generate significant employment opportunities, creating over 1,200 new jobs for the local workforce. The official approval came...
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Thai Transport Minister Unveils Ambitious US$27bn Land Bridge Project to Chinese Investors
- 23 May 2024
Thailand’s Transport Minister, Suriya Jungrungreangkit, recently promoted a US$27 billion land bridge project to Chinese investors in Beijing, aiming to alleviate congestion in the Malacca Strait, the world's busiest sea corridor. The Nation newspaper reports that the proposed plan involves constructing two deepwater ports on either side of the Thai isthmus, connected by a 100km railway and motorw...
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Significant Boost in Phnom Penh’s Telecommunication Infrastructure with 74 New Antenna Towers
- 22 May 2024
To enhance telephone service quality, 74 new antenna towers have been installed, and 157 antenna stations are now operational in Phnom Penh, as announced on 7 May 2024 during a progress review meeting led by HE Chea Vandeth, Minister of Posts and Telecommunications (MOPT). During the meeting, it was detailed that the special task force in Boreys had successfully erected 74 "common antenna tower...
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Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
- 20 May 2024
In a move that could significantly bolster Siem Reap's economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a YIG dele...
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