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In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
- 27 June 2024
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and US$1.13 billion respectively, ac...
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Kampot Unveils Giant Clock Project to Boost Tourism
- 27 June 2024
The Kampot Provincial Authority is set to construct a monumental clock standing 35 metres tall, with a face nearly 10 metres in diameter, aiming to enhance the region's tourism appeal. The announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first regular meeting of the Kampot Provincial Council of the fourth mandate on 25 June 2024. Governor HE Mao Thunin emphasised ...
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Guangzhou to invest $1.4 billion to build infrastructure for flying car by 2027
- 26 June 2024
Guangzhou is set to invest over 10 billion yuan (US$1.4 billion) by 2027 in the burgeoning "low-altitude economy," targeting the development of services operating below regular commercial aviation altitudes. This substantial investment is part of China's strategic push to invigorate its slowing economy, according to Asia.nikkei.com dated 4 June 2024. The ambitious plan involves building critica...
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Groundbreaking for Bak Kheng Water Treatment Plant Phase 3, Phase 2 Inaugurated
- 25 June 2024
The third phase of the Bak Kheng Water Treatment Plant has commenced construction, while the second phase was officially inaugurated by HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, on 25 June 2024. During the inauguration, HE Aun Porn Moniroth stated, "The commissioning of the second phase of the water treatment plant marks the end of the water shortage issue...
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Vietnamese Investments in Cambodia Reach Nearly US$3bn Across 200+ Projects
- 25 June 2024
Vietnamese investors currently operate 208 projects in Cambodia, with a total registered capital of US$2.91 billion, according to a report from the Vietnamese Embassy. This positions Vietnam among the top 10 countries with the most investment projects in Cambodia. HE Nguyen Huy Taing, Ambassador of Vietnam to Cambodia, highlighted these figures during an interview with the state-run Cambodian N...
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World Bank Allocates US$145m to Enhance Cambodia’s Water Supply Infrastructure
- 24 June 2024
The World Bank has committed US$145 million to Cambodia to support the enhancement of the country's water supply infrastructure, a project that is expected to benefit over 113,000 people. Funded by the World Bank's International Development Association (IDA), this initiative will be implemented over five years by the Ministry of Water Resources and the Ministry of Agriculture. Ms. Maria Salim, ...
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China Aims to Attract 100 More Companies to Invest in Zhejiang SEZ in Koh Kong by 2024
- 24 June 2024
China's Zhejiang Special Economic Zone (SEZ) in Koh Kong is set to attract 100 more companies by 2024, adding to the 28 currently investing there. This strategic goal was highlighted during a meeting between Mr. Chea Vuthy, Secretary General of the Investment Committee of Cambodia, and Mr. Zhou Zhangjin, Chairman of Zhejiang SEZ, along with 11 Chinese delegates on 21 June 2024. Mr. Zhangjin sha...
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Japan Explores Maglev Technology for Earthquake-Resistant “Floating Homes”
- 23 June 2024
Of course, the quake did not kill people directly, but the buildings or houses where people lived were the ones that killed people in the quake. If we look at the statistics or photos of earthquakes, we will see that most of the deaths due to earthquakes, large or small, are from buildings or parts of buildings collapsing on people. In response to this critical challenge, Japanese researchers in m...
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TSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
- 22 June 2024
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor pr...
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World Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
- 22 June 2024
The World Bank has approved a US$275 million loan package to support Cambodia's long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country's finances to assist the most vulnerable populations. This announcement was made by WB on 21 June 202...
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