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ខ្មែរ Uncategorized
Gov’t Greenlights Seven Cutting-Edge Factories Injecting US$ 32.9M and 3,470 Jobs in Svay Rieng & SHV
- 30 November 2023
The Council for the Development of Cambodia (CDC), has sanctioned the registration of seven innovative companies set to establish factories with a combined investment of US$32.9 million. This strategic initiative is poised to generate a robust employment boost, creating 3,470 job opportunities for the local workforce in Svay Rieng and Sihanoukville, according to the publication of the CDC on 30 No...
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While ASEAN Neighbours Grow in EV Industries, What Can Cambodia Do Beyond a Consumer Role?
- 30 November 2023
While neighboring countries such as Thailand, Indonesia, and Vietnam are making significant strides in the electric vehicle (EV) industry, Cambodia's participation in this emerging market has been relatively subdued. The country's limited activity in EV products can be attributed to several barriers that hinder the development of the EV market. Understanding these challenges and identifying potent...
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WWF: Mekong Sand Running Out Due to Construction
- 29 November 2023
A World Wildlife Foundation report has warned that sand in the Mekong Delta in Vietnam may run out by 2035 with catastrophic impacts on ecosystems due to a combination of huge demand in the country’s construction sector and the installation of hydroelectric dams. The WWF report “Sand Budget for Vietnam Mekong Delta” tracked the use of sand in the region over the past three years. The Mekong Del...
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Results of Biden-Xi Summit Promise a Pivotal Turn for Global Economic Harmony
- 29 November 2023
In a historic face-to-face encounter, U.S. President Joe Biden and Chinese President Xi Jinping convened on 15 November 2023, on the sidelines of the Asia-Pacific Economic Cooperation conference near San Francisco. This landmark meeting, their first in a year, carried significant implications for the global economy. “We have to ensure that competition does not veer into conflict,” Biden said at...
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Thailand to Invest US$27 Billion in 100km Flyover Linking Two Oceans
- 28 November 2023
In a groundbreaking shift from the initial $27 billion Thai Canal Dredging project, the new Thailand government, led by Prime Minister Srettha Thavisin, is steering towards a colossal infrastructural endeavour. The transformative initiative involves the construction of a 100-kilometre flyover connecting the Pacific Ocean to the Indian Ocean at Kra Isthmus, abandoning the contentious Kra Canal plan...
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Hyundai’s US$1.5bn Green Oasis: Ulsan EV Plant Set to Produce 200,000 Electric Vehicles Annually
- 27 November 2023
In a groundbreaking move towards sustainability and innovation, Hyundai has commenced the construction of a state-of-the-art electric vehicle (EV) manufacturing plant in Ulsan, South Korea. The US$1.5 billion facility, slated to begin full-scale construction by the end of 2023, represents Hyundai's commitment to producing 200,000 electric cars annually. This ambitious project signifies Hyundai's f...
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ADB Fuels Cambodia’s Fiscal Evolution with a US$50m Boost
- 25 November 2023
The Asian Development Bank (ADB) takes a significant stride in fortifying Cambodia's financial landscape, greenlighting a substantial US$50 million loan to bolster the nation's public financial management (PFM) system, encompassing public investment. This noteworthy development is illuminated in an official ADB press release. Jyotsana Varma, ADB Country Director for Cambodia, underscores the pi...
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Japan-Cambodia Association Set to Boost SMEs with New Phnom Penh Headquarters
- 24 November 2023
In a pivotal move to fortify economic ties and promote small and medium enterprises (SMEs), the Japan-Cambodia Association (JCA) unveils plans to inaugurate its office in Phnom Penh. His Excellency Takahashi Fumiaki, President of JCA, confirmed this strategic initiative during a meeting with His Excellency Sar Sokha, Deputy Prime Minister, and Minister of Interior on the afternoon of 22 November 2...
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National Road 48 Upgrade Hits Milestone with 38.26% Completion
- 24 November 2023
The ongoing National Road No. 48 rehabilitation project has reached a significant milestone, achieving 38.26% completion as of 23 November. The project, aimed at enhancing the road's quality and overall infrastructure, is on track for its scheduled completion by the end of April 2025. This progress was updated in a recent inspection led by HE Peng Po, Minister of Public Works and Transport. Dur...
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Koh Norea Aspires to New Heights with a Towering 555-Metre Landmark
- 23 November 2023
In an audacious venture set to redefine Cambodia's skyline, the Overseas Cambodia Investment Corporation (OCIC) unveils plans for a colossal building soaring over 500 metres in the Koh Norea development area. OCIC Deputy General Director, Touch Samnang, confirmed the project on 21 November, revealing that despite initial intentions, the pandemic had temporarily delayed its implementation. Mr Sa...
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