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Hong Kong International Airport Surpasses Changi to Become Asia’s Leading Hub in 2024

Hong Kong International Airport has overtaken Singapore's Changi Airport to claim the prestigious title of "Asia's Leading Airport" at the 2024 World Tourism Awards, according to Seasia on 9 September 2024. This marks a significant milestone, as Changi Airport had held this top position for several consecutive years before the pandemic. The win highlights Hong Kong's rapid recovery and growi...

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Japan Eyes Major Investment in Battambang, With Advanced Technology Capable of Converting 1 Ton of Waste to 700 Litres of Oil

Sougo Tatemono Service Inc. from Japan has expressed a strong interest in transforming Battambang province's plastic waste into fuel oil, showcasing a breakthrough technology that converts 1 ton of pure plastic into 600 to 700 litres of oil. The company's representatives introduced this technology in a meeting with Battambang's Governor, HE Sok Loo, and the Embassy of Japan in Cambodia in Battamba...

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Cambodia’s Trade Volume Surges to Over USD 36bn in First Eight Months of 2024, Marking a 16.5% Growth

Cambodia’s trade volume reached an impressive USD 36 billion in the first eight months of 2024, marking a significant 16.5% growth compared to the same period in 2023. According to the General Department of Customs and Excise of Cambodia, this robust increase underscores Cambodia’s growing economic activity and strengthens its position in global markets. The country’s export performance has bee...

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Cambodia & South Korea Strengthen Partnership to Accelerate Rural Development Through New Village Movement

On 12 September 2024, Cambodia and South Korea solidified their commitment to enhancing rural development in Cambodia by signing a Memorandum of Understanding (MoU) under the New Village Movement project. The MoU, signed between Kyungsangbukdo Province of South Korea and Cambodia's Asian Cultural Council, highlights a renewed focus on boosting rural infrastructure, promoting agricultural innovatio...

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Cambodia Allocates Over USD 62m for Three New Buildings at Calmette Hospital to Boost Healthcare Capacity

Cambodia has committed over USD 62 million to construct three new buildings at Calmette Hospital in Phnom Penh, reinforcing the nation's healthcare infrastructure. The groundbreaking ceremony for the project was presided over by PM Samdech Hun Manet on 16 September 2024. The project, which includes a 25-storey main building, a parking facility, and the Cyclotron Medical Centre, is valued at a t...

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Large-Scale Drainage Project on Phnom Penh’s NR 4 Surpasses Schedule by 11%

The construction of a major drainage system along NR 4 in Phnom Penh has achieved an 11% faster progress rate, reaching a completed length of 624 metres. The project, which is part of a broader effort to modernize the city's sewer infrastructure, aims to improve flood prevention and sanitation across key districts. This update was provided by the Department of Public Works and Transport of Phnom P...

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Chinese Wanli Stone Eyes Investment in SEZ with Ambition to Expand Marble Business in Cambodia

China’s Wanli Stone, currently operating a thriving marble and granite business in Kampong Speu province, is exploring further investment opportunities in Cambodia with plans to develop a special economic zone (SEZ). This announcement followed a meeting on 8 September 2024 between HE Sun Chanthol, Deputy PM and first Vice President of the Council for the Development of Cambodia (CDC), and Mr. Z...

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Kazakhstan Eyes Boost in Trade with Cambodia, Targeting USD 300m Milestone

Kazakhstan has announced an ambitious plan to expand its trade with Cambodia to USD 300 million, with a longer-term goal of reaching USD 1 billion. This development followed a high-level meeting between former Prime Minister Samdech Hun Sen and His Excellency Kanat Tumysh, the newly appointed Ambassador of the Republic of Kazakhstan, on 5 September 2024. During the meeting, Ambassador Kanat Tum...

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SHV’s New 253-Metre Container Port Inaugurated with Japanese Aid

A new 253-metre-long container terminal at Sihanoukville Autonomous Port was officially inaugurated on 12 September 2024, marking a significant expansion for Cambodia's primary port. Attended by PM Samdech Hun Manet, the ceremony highlighted the terminal's modernized capabilities. The port now includes advanced container lifts and loading equipment, boosting the port's capacity from 550,000 TEU...

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Cambodia Approves USD 1.2bn in Investments for 53 Projects in August, Creating Over 33,000 Jobs

In August 2024, the Council for the Development of Cambodia approved 53 new projects, amounting to over USD 1.2 billion in investments, set to create more than 33,000 jobs nationwide. Of these, 46 projects are new investments, while seven are production expansion initiatives. A total of 31 projects will be developed outside Special Economic Zones (SEZ), while 22 are within SEZs. This marks a si...

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