ADB to release nearly US$10 billion to help Asia-Pacific climate crisis by 2023
By 2023, the Asian Development Bank (ADB) has decided to provide US$ 23.6 billion in assistance, including US$ 9.8 billion to address climate change in the Asia-Pacific region. This is according to the press release dated April 25, 2024. These funds have supported Developing Member Countries (DMCs) to address the worsening climate crisis as well […]
In the first quarter of 2024, PPAPort earned more than US$8 million, an increase of 7%
In the first quarter of 2024, the Phnom Penh Autonomous Port earned US$ 8,064,657, an increase of 7% compared to the same period in 2023, while not yet audited. This is according to the press release dated April 12, 2024. This revenue was divided into port operations revenue of US$ 6,517,185, an increase of 12%, […]
Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on April 29, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
Gov’t Sets to Unveil Three Major Pub Street Destinations in Phnom Penh by 2024’s End
The Phnom Penh Capital Administration is poised to unveil three expansive pedestrian street locations, encompassing a total of 57 hectares, as part of the iconic Pub Street concept, ahead of the New Year celebrations in 2025. In a recent meeting led by HE Khuong Sreng, Governor of Phnom Penh, on April 26, 2024, the Phnom […]
Progress Update: NR No. 7 Expansion from Skun to Kampong Cham Reaches 8% Completion
Progress on the expansion and enhancement project of NR No. 7, stretching from the Skun roundabout to Kampong Cham provincial town, has reached 8%, with a total project value of US$117 million. This update was provided by Mr. Sok Lim Heang, Director of the Department of Public Works and Transport of Kampong Cham Province, on […]
Malaysia Injects US$8.34Bil into Port Expansion to Race with Singapore; Criticizes Thai Land Bridge Project
Malaysia has unveiled a monumental investment of $8.34 billion to bolster its port infrastructure, aimed at challenging neighbouring Singapore’s dominance in maritime trade. The expansion project, strategically positioned along the Malacca Strait, signifies Malaysia’s bid to strengthen its foothold in the competitive global logistics arena. Simultaneously, Malaysia has expressed scepticism towards the Thai Land Bridge, […]