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ខ្មែរ Uncategorized
Cobber Packing Company Commits Over US$3 Million to Establish Cardboard Factory in SHV
- 19 April 2024
The Preah Sihanouk Provincial Sub-Committee on Investment (ECCC) has greenlit an ambitious venture by Cooper Packing (Cambodia) Co., Ltd., investing upwards of US$3 million to erect a state-of-the-art cardboard factory in Sihanoukville. The decision came to light during a meeting presided over by Mr. Kouch Chamroeun, Governor of Preah Sihanouk Province, on 17 April 2024. With a registered capit...
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Cambodia Achieves Open Defecation-Free Status in 6 Provinces, 7 More Expected by Year End
- 19 April 2024
Cambodia is making significant strides in achieving open defecation-free (ODF) status across its provinces. Presently, six provinces have successfully attained ODF status, with plans to announce seven more by the year's end. The progress was revealed during a pivotal meeting chaired by HE Chhay Rithi Sen, Minister of Rural Development, on 18 April 2024. Discussions centred on Cambodia's rural w...
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NR No. 48 Rehabilitation Project Progresses to 52%
- 18 April 2024
The rehabilitation project of National Road No. 48 (Sre Ambel - Koh Kong) has reached a significant milestone, with construction progress standing at 52.12%. This update was confirmed by HE So Vector, Project Manager and Secretary of State of the Ministry of Public Works and Transport, on April 18, 2024. HE So Vector highlighted the smooth progress of the project, emphasising that efforts are f...
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Construction Material Imports Surge nearly US$350m in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
- 18 April 2024
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24% compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth and vibrant activity within the construction ...
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Construction Sector Thrives: Ministry Approves 3,207 Projects Worth US$5.4bn in 2023
- 17 April 2024
In 2023, Cambodia's construction landscape witnessed a remarkable surge, with the Ministry of Economy and Finance (MEF) greenlighting a total of 3,207 construction projects, collectively valued at US$5.4 billion. This data, unveiled in a ministry report, highlights a significant stride in the nation's development trajectory. The report indicates a notable shift in construction dynamics compared...
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Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors
- 17 April 2024
Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signalling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah Group, on 8 April 2024. ...
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New Business Model of an Indigenous-Led Project to Deploy 1m Solar Panels & Produce 50k Green Hydrogen for Agriculture
- 15 April 2024
The East Kimberly Clean Energy Project, valued at US$3 billion, is set to revolutionise Australia's energy landscape by deploying 1 million solar panels combined with existing hydropower infrastructure to produce 50,000 tonnes of green hydrogen annually. This green hydrogen will be further converted into ammonia for use as sustainable agricultural fertilizer. According to the World Economic Forum ...
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World Bank Forecasts 4.6% Growth for Developing Asia in 2024, Despite China Declines from 5.2% to 4.4%
- 14 April 2024
The World Bank has projected a growth rate of 4.6% for developing Asia-Pacific countries, excluding China, in 2024, as outlined in their recent economic report released and updated by Asia.nikkei on 1 April 2024. Despite China's economy moderating to 4.5% from last year's 5.2%, trade recovery is expected to drive growth in the region, surpassing the 4.4% achieved in 2023. Developing Asia encomp...
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87% of Property Developers in Asia Pacific Targeting 100% Green Certified Portfolios by 2030
- 14 April 2024
A recent study by JLL unveils a significant trend in the Asia Pacific region, with nine out of ten commercial real estate occupiers striving to achieve 100% green-certified portfolios by 2030, driven by corporate net zero carbon (NZC) goals. This revelation comes from Retalkasia's report dated 26 March 2024. According to global real estate consulting firm JLL (NYSE: JLL), 87% of occupiers surve...
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Manhattan SEZ to Expand Operations in Svay Rieng Province
- 13 April 2024
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet city, Svay Rieng province, in collaboration with Singapore's SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. Clement Yang, Director G...
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