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ខ្មែរ Uncategorized
Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand
- 8 October 2024
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the rapid growth in high-rise develop...
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ADB Partners with Two Cambodian Institutions to Drive Development with USD 360m Annual Investment
- 8 October 2024
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia's development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth and fortifying climate resilience. ...
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Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
- 8 October 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs and Excise dated 9 September 2024. During t...
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PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
- 7 October 2024
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed in a press release on 9 September 2024. ...
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Cambodia Approves USD 5.79 Billion Investment in 23 Renewable Energy Projects
- 7 October 2024
In a landmark move to revolutionize its energy landscape, the Cambodian government, under the leadership of PM Hun Manet, has approved 23 power projects with a total investment of nearly USD 5.79 billion. The projects, spanning 2024 to 2029, aim to significantly boost the nation’s renewable energy capacity, marking a bold shift towards clean and sustainable power solutions, as revealed by the C...
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Ministry of Land Launches Coastal Urban Design Competition to Attract Investment & Boost Tourism
- 6 October 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has launched an ambitious design competition project to revitalize Cambodia’s coastal regions to drive economic development, boost tourism, and attract foreign investment. The competition, themed “Cambodia, My Motherland, My City, My Coast, My Heart,” focuses on enhancing urban planning in key coastal provinces, including Ke...
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Chinese Major Firm, CGN, Eyes Investment in Cambodia’s RE as Part of Its Global Expansion in 16 Countries
- 5 October 2024
China’s CGN Energy International Holdings Co., Limited. (CGNEI) has expressed keen interest in investing in Cambodia’s renewable energy sector as part of its ambitious global operations spanning 16 countries. The company currently manages 49 green energy projects worldwide and seeks to expand its presence in Southeast Asia, including Cambodia. During a meeting held on 25 September 2024, HE Dr S...
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Apple Commits USD 250 Million on New Campus in Singapore Aiming to Expand Market in ASEAN
- 3 October 2024
Apple has announced a USD 250 million expansion of its Ang Mo Kio campus in Singapore, reinforcing its presence in Southeast Asia with construction set to begin this year, according to Thailand-business news dated 4 September 2024. The project will utilize 100% renewable energy and target LEED certification, highlighting Apple’s dedication to sustainability. The announcement in 2024 reflects Si...
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China & Thailand to Build Digital Ecosystem for Smart Cities & Cross-Border Trade
- 2 October 2024
China and Thailand are joining forces to create a robust digital ecosystem aimed at developing smart cities and enhancing cross-border trade, with Chinese technology playing a pivotal role across Southeast Asia. The Digital Economy Promotion Agency of Thailand, in collaboration with cities like Shenzhen and Hangzhou, as well as Guangxi and Yunnan provinces, is spearheading this initiative, as repo...
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Gov’t Revives USD 590 Million in 30 Stalled Projects, Encourages Growth in SHV
- 30 September 2024
In a strategic move to boost economic development, the Cambodian Government has greenlit special incentives for 30 stalled projects in Sihanoukville, representing a total investment of USD 590 million. This decision announced on 26 September 2026, follows the efforts of the Investment Promotion Task Force to resuscitate a wide range of ventures, including smelters, metal processing plants, pack...
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