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ខ្មែរ Uncategorized
Chinese Bicycle Company Commits to Expanding Cambodian Factory to Match Shenzhen Headquarters in China
- 23 October 2023
SHENZHEN XIDESHENG Bicycle Co., Ltd. (XDS), a leading Chinese bicycle manufacturer, has revealed ambitious plans to expand its Bavet-based factory, matching the scale of its headquarters in Shenzhen. This exciting news emerged during a pivotal discussion between Cambodia's Deputy Prime Minister and first Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and Ms. Chuqia...
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United States to Launch US$600bn Infrastructure Initiative Across Eurasia to Rival China’s Belt & Road Initiative
- 23 October 2023
In a move set to reshape global economic dynamics, the United States, in collaboration with India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners, has unveiled a transformative mega-project estimated at over US$600 billion. This ambitious initiative aims to establish a comprehensive economic and trade network that will rival China's monumental "One Belt One Road...
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MOC & Chinese Investors Association Forge Tripartite Vision: Advancing Tourism, Education & Investment
- 22 October 2023
The Ministry of Commerce of Cambodia and the Chinese Investors Association came together on 17 October 2023, to ink three pivotal Memorandums of Understanding (MoUs) in Beijing. These agreements aim to bolster various sectors, including tourism, education, and investment, within the burgeoning Sihanoukville Special Economic Zone. The visionary MoUs were jointly signed by Lok Chumteav Cham Nimol...
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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
- 22 October 2023
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The...
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Cambodia & Germany Forge Alliance for Enhanced Waste Management
- 21 October 2023
In a significant step towards improving urban aesthetics and environmental sustainability, Cambodia and Germany have joined forces to strengthen the nation’s waste management strategy. The Ministry of Environment and the German Agency for International Cooperation (GIZ) have embarked on a collaborative project titled "Green Initiative for Chakra Economy for Sustainable Waste and Solid Waste Manage...
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Chinese Railway Company Commits Over US$5bn for Ambitious Cambodian Railway Network Expansion
- 21 October 2023
China Railway Construction Corporation (CRCC) is poised to propel Cambodia's infrastructure development forward with a colossal investment exceeding US$5.3 billion, spanning a total of 53 strategic projects. The Chairman of the Board of Directors of CRCC, Mr Wang Jianping, unveiled this ambitious vision during an audience with Cambodian Prime Minister Hun Manet in Beijing on 17 October. The foc...
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Vietnam’s Multibillion-Dollar Investment Fuels Development in the Triangle Area Bordering Cambodia & Laos
- 20 October 2023
Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 3.731 billion. This significant commitment is embodied in a multitude of 122 projects, reaffirming Vietnam's dedication to regional development. The declaration emerged during a gathering of the National Assembly delegation represent...
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Four New Factories Worth Nearly US$26m Set to Catalyse Growth in Kampong Speu & Takeo Provinces
- 20 October 2023
The Council for the Development of Cambodia (CDC), has given the green light to four forward-thinking companies, marking a significant infusion of nearly US$26 million in investments. These strategic initiatives are poised to create 5,613 job opportunities, benefiting residents in Kandal, Kampong Speu, and the capital city of Phnom Penh. The CDC announcement, made on 11 October 2023, serves as ...
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Chinese firm Commits $3 Billion Investment in Cambodia’s Energy Development
- 20 October 2023
In a remarkable leap towards Cambodia's energy sector development, China Machinery Engineering Corporation (CMEC) has unveiled a groundbreaking plan to co-invest approximately $3 billion in Cambodia's burgeoning gas energy industry. This momentous decision was announced following a high-level meeting between His Excellency Hun Manet, Cambodia's Prime Minister, and Mr. Wang Bo, Chairman of the B...
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Gov’t Announces Temporary Opening of Koh Pich-Koh Norea Bridge for Traffic Starting 20 October
- 19 October 2023
The Cambodian government has announced the temporary opening of the Koh Pich-Koh Norea Bridge from 20 October 2023, as shared on the official Facebook page of the Department of Public Works and Transport of Phnom Penh on the evening of 19 October 2023. The move comes as a strategic response to mitigate traffic congestion caused by the ongoing construction of the Monivong Sky Overpass. Commencin...
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