Four companies to establish 4-factories worth nearly US$25m in Kampong Speu
The Council for the Development of Cambodia (CDC) has approved four private companies to invest a total of $24,853,911 in building four new factories in Kampong Speu province. These factories are expected to create over 1,200 new jobs. The decision was made at the OWSO meeting chaired by HE Chea Vuthy, Secretary General of the […]
Thai Transport Minister Unveils Ambitious $27bn Land Bridge Project to Chinese Investors
Thailand’s transport minister, Suriya Jungrungreangkit, recently promoted a $27 billion land bridge project to Chinese investors in Beijing, aiming to alleviate congestion in the Malacca Strait, the world’s busiest sea corridor. The Nation newspaper reports that the proposed plan involves constructing two deepwater ports on either side of the Thai isthmus, connected by a 100km […]
Significant Boost in Phnom Penh’s Telecommunication Infrastructure with 74 New Antenna Towers
To enhance telephone service quality, 74 new antenna towers have been installed, and 157 antenna stations are now operational in Phnom Penh, as announced on 7 May 2024 during a progress review meeting led by HE Chea Vandeth, Minister of Posts and Telecommunications (MOPT). During the meeting, it was detailed that the special task force […]
Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
Kampot Unveils Plans to Enchant Tourists with Floating Market and Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
MinebeaMitsumi to Invest Over US$320 Million in Expanding Operations in Cambodia and Thailand
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]