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Gov’t Inks Concessional Loan Deals Worth US$780 Million in H1 2023

In a testament to Cambodia's continued economic development and collaboration with international partners, the government has successfully secured concessional loan agreements amounting to a total of US$787.5 million in the first half of this year. This impressive figure represents a substantial year-on-year increase of 24%. According to a report released by the Ministry of Economy and Finance ...

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Kia Explores Ambitious Plans for First ASEAN Production Hub in Thailand

South Korea's automotive giant, Kia Corp, is actively contemplating the establishment of its inaugural production facility in Thailand. This ambitious venture is set to boast an impressive annual production capacity of 250,000 vehicles, significantly enhancing Kia's presence in the Southeast Asian market. Channel News Asia reported this development on 8 September 2023. Kia, renowned as a sister...

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Nine New Factories with US$54.43M Investment Set to Create Over 13,000 Jobs in Five Provinces

In a significant boost to Cambodia's industrial sector, the Council for the Development of Cambodia (CDC) has given the green light to nine companies poised to invest a total of US$54.43 million. These ventures are expected to generate a substantial job market, providing employment opportunities for 13,888 individuals across several provinces, including Kampong Speu, Kandal, Takeo, Sihanoukville &...

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Bentley Systems’ iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance

To Broaden and Accelerate Infrastructure Asset Analytics EXTON, Pa. – Aug. 14, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of Blyncsy provider of breakthrough artificial intelligence services for departments of transportation to support operations and maintenance activities. The digital twin ecosystem focus...

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S. Korean Company, Daehan Corporation, Proposes Plastic Waste Processing Plant in Sihanoukville

South Korean company Daehan Corporation is eyeing the establishment of a cutting-edge plastic waste processing plant in Sihanoukville. The project aims to transform plastic waste into an essential part of daily life in the region, contributing to environmental sustainability, according to the presentation of the company at Sihanoukville Provincial Hall on September 7, 2023. Mr. KIM SANG YOUNG, ...

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CT II Invests US$92.2m in Power Substation Linking Kampong Cham to Kratie

In a pivotal decision aimed at bolstering Cambodia's power infrastructure, the Council for the Development of Cambodia (CDC), has granted an investment project registration certificate to CAMBODIAN TRANSMISSION II CO., LTD (CT II). This significant development, announced by the CDC on 7 September 2023, will see the construction of a cutting-edge substation, facilitating the transmission of 230 kV ...

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Cambodia Seeks Japanese Support for Vital Flood Protection and Irrigation Rehabilitation Projects

The Ministry of Water Resources and Meteorology (MWRM) has initiated discussions with Japan, seeking assistance for three pivotal projects focused on flood protection and irrigation restoration. This request came to light during a meeting between HE Tho Chetha, the Minister of MWRM, and HE UENO Atsushi, Ambassador Extraordinary and Plenipotentiary of Japan, along with Mr SANUI Kazumasa, President ...

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Gov’t Pushes for Elevated Construction Standards: Private Sector Collaboration with NCL

The Ministry of Land Management, Urban Planning, and Construction (MLUPC) is actively encouraging private sector engagement to enhance construction technical standards in the nation. The initiative involves fostering cooperation between the private sector with the National Construction Laboratory (NCL) through the signing of memorandums of understanding to establish precise quality benchmarks for ...

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Gov’t Takes Proactive Measures: Nine Standardised Evacuation Centres to Safeguard Against Increasing Floods

The National Committee for Disaster Management (NCDC) has taken proactive steps to establish nine standardized evacuation shelters. These shelters, constructed in accordance with rigorous technical standards, represent a critical component of the nation's disaster preparedness strategy, according to the NEC on September 1, 2023. Senior Minister and First Deputy Chairman of the NCDD, HE Kun Kim,...

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Bentley Systems Announces the Finalists of 2023 Going Digital Awards in Infrastructure

Winners to Be Announced on October 12 at Bentley’s 2023 Year in Infrastructure and Going Digital Awards Event in Singapore EXTON, Pa. – 30 August 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the finalists of the 2023 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley s...

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