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Japan Grants USD 54m Loan for Power Transmission Expansion in Phnom Penh
Japan has extended a concessional loan exceeding USD 54 million to support the second phase of Phnom Penh's power transmission and distribution system expansion. The loan marks the third funding package to enhance the city’s electricity infrastructure, with plans to build substations and transmission lines connecting to the Chbar Ampov district. The agreement was officially signed by HE Ros Sil...
Read MoreHonda to Expand Capital Investment in Cambodia After 25 Years of Success
Honda Motor Co., Ltd., through its local partner N.C.X. Co., Ltd, has announced plans to expand its investment in Cambodia, marking over 25 years of successful operations in the country. The decision followed a high-level meeting on 20 September 2024 between Prime Minister Samdech Hun Manet and Mr. Minoru Kato, Executive Director and Vice President of Honda, responsible for motorcycles. Mr. Kat...
Read MoreCambodian PM Pushes Forward with Major Development of Four Northeastern Provinces Despite CLV-DTA Withdrawal
Cambodia’s Prime Minister, Samdech Thipadei Hun Manet, has reaffirmed the government's commitment to advancing the development of four northeastern provinces despite the nation's recent exit from the Cambodia-Laos-Vietnam Development Triangle Cooperation (CLV-DTA). The premier made the announcement via a special voice message on 23 September 2024, underscoring that the Royal Government will procee...
Read MoreMinebea Breaks Ground on USD 200m Factory in Pursat SEZ
Japanese electronics giant Minebea officially commenced construction of its USD 200 million factory on a 50-hectare site within the Krakor SEZ, Pursat province on 20 September 2024 by HE Deputy Prime Minister Sun Chanthol, First Vice President of the Council for the Development of Cambodia, along with HE Keo Rattanak, Minister of Mines and Energy, and other high-profile officials. The project m...
Read MoreThe final 35km Section of NR No. 5, Valued at Over USD 52m, Reaches 25% Completion
The final section of Cambodia’s NR No. 5, spanning 35.14 km between Serey Sophorn and Poipet, has reached 25% completion as of early September 2024, according to the Ministry of Public Works and Transport, 18 September 2024. With a project cost of USD 52.56 million, funded by the Government of Cambodia and Japan’s Credit Assistance, the road is scheduled for completion by March 2025. (Read more...
Read MoreHong 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...
Read MoreJapan 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...
Read MoreCambodia’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...
Read MoreCambodia & 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...
Read MoreCambodia 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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