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ខ្មែរ Uncategorized
Ambitious Reusable iSpace Chinese Rocket Test Successfully Launched
- 3 December 2023
China's leading private space company, Beijing Interstellar Glory Space Technology Ltd., commonly known as iSpace, achieved a milestone on 2 November 2023 according to Space News. The company successfully launched and safely landed a test article known as the Hyperbola-2Y single-stage hopper at the Jiuquan Satellite Launch Centre, a significant step towards China's ambition to develop a reusable m...
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CDC Approves Construction of Five New Factories Valued at US$35.3M in Three Provinces & Phnom Penh
- 1 December 2023
The Council for the Development of Cambodia (CDC) has given the green light to five companies for the establishment of new factories, with a combined investment of US$35.3 million. These ventures are expected to generate 8,761 job opportunities for residents in Takeo, Kampong Speu, Kandal, and Phnom Penh, according to the CDC on 30 November 2023. The five companies are as follows: XIN ANG ...
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CTF & WWF Spearhead Solar Energy Drive to Boost Cambodia’s Tourism Sector
- 1 December 2023
The Tourism Federation of Cambodia (CTF) and the World Wildlife Fund (WWF) are championing the widespread adoption of rooftop solar energy to propel Cambodia's tourism industry into a greener future. This joint initiative, in alignment with the Ministry of Tourism's recent revelation of a nearly threefold increase in international tourist visits in the first eight months of 2023 compared to the pr...
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Gov’t Approved US$65.5m Solar Power Plant in Svay Rieng
- 30 November 2023
The Council for the Development of Cambodia (CDC) has officially endorsed the registration of "SCHNEITEC VIBRANT CO., LTD" for a pioneering project – the construction of a US$65.5 million solar power plant in Svay Rieng province, according to the CDC on 30 November 2023. The proposed solar power plant, set to be established in Kandal village, Svay Chek commune, Romduol district, Svay Rieng prov...
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Gov’t Greenlights Seven Cutting-Edge Factories Injecting US$ 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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