The Asian Development Bank has approved a $127.8 million loan to support the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply. The project will also pilot the first utility-scale battery energy storage system in Cambodia, which will be funded by a […]
Read MoreA nationwide COVID-19 economic impact study has found that overall salaries across Cambodia have decreased by around 30 percent in just four months (between January and April this year) with entertainment and sex workers reporting an 85 percent decline in income. The study titled “The Effect of Covid-19 on Wage Workers” by Future Forum and […]
Read MoreThe $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure. The cluster, located in Takhmao city of Kandal province opposite an affordable housing project and near the new planned Phnom Penh International Airport and […]
Read MoreCambodia Airports says there has been a drop in traffic of people travelling to Phnom Penh, Siem Reap and Sihanoukville airports of up to 75 percent in the last eight months. There has also been a drop in cargo being flown in and out of the country by up to 32 percent. Public Relations Director […]
Read MoreHLH, otherwise also known as Hong Lai Huat, whose core business or property development and agriculture, has teamed up with Skiold A/S of Denmark to explore investment into a $ 1 billion proposed Cambodia-Singapore Agriculture Special Economic Zone. According to reports published in The Edge, Singapore, the objective of the MOU is to “create the […]
Read MoreThe regional textile industry has come under near-term threat from the global Covid-19 outbreak, especially for key producer Cambodia. Sian Fenner, lead Asia economist at Oxford Economics, noted in a recent report that lockdowns adopted to contain the spread of the virus “have had a severe impact on manufacturing and exports” in Cambodia, Laos, Myanmar […]
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