Chinese officials have pledged to bolster Cambodia’s railway infrastructure, according to local media reports. National news agency Agence Kampuchea Press (AKP) reported yesterday that an agreement was made following Preah Sihanouk Provincial Governor Kuoch Chamroeun’s request for Chinese aid in developing the province’s railroad infrastructure. Cambodia’s existing 264 kilometre-long Southern Line connects the coastal city…
PARSIPPANY, N.J., Feb. 18, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of hotel management services with over 8,900 hotels across nearly 95 countries on six continents, has opened its first hotel in Cambodia, the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, a brand new landmark on…
The ag-tech company founded by Larry Ellison, the Oracle founder who owns nearly all of Lanai’s acreage, and Dr. David Agus, a physician and medical researcher, is pioneering tools to produce affordable food in places like Lanai that — despite its history as an agricultural plantation — lack traditional farming essentials like water and fertile…
Moving into 2021, hospitality company Banyan Tree Group is set to continue with its global expansion. The company has signed 20 hotel management agreements in 2020, adding to its pipeline of 35 properties opening over the next 3 years. “Our robust momentum in business development and pipeline of new openings this year will continue to…
According to the latest Global Climate Risk Index report, published in January, Vietnam’s economy is among the most vulnerable in the world to the impacts of climate change. Another report by the UN Intergovernmental Panel on Climate Change (UNIPCC) indicates that Vietnam’s climate challenges are much greater than usually suggested. The Global Climate Risk Index report…
PHNOM PENH, CAMBODIA — Cambodia has resumed the import of four species of fish from Vietnam after they objected to a ban placed on all farmed fish imports across the border last month. The Agriculture Ministry decided to allow the import of four farmed fish species: pangasius djambal, pangasius larnaudii, catfish, and giant snakehead fish….
Canopy Sands Development, a member of Prince Holding Group has approved a masterplan for Ream City developed by Surbana Jurong Group, a global urban, infrastructure and managed services consultancy headquartered in Singapore. The masterplan specifies a land use plan for the 834-hectare project requiring total investments estimated at $16 billion, and will be developed on…
With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet checkpoints. Sopheavatey Sorn, director of logistics at the Ministry of Public Works and Transport,…
Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. The masterplan specifies a land use plan for the 834ha project, which will be developed on reclaimed land and…
Cambodia and South Korea on February 3 concluded talks for a bilateral free trade agreement (FTA), which Minister of Commerce Pan Sorasak and his Korean counterpart Yoo Myung-hee plan to sign in mid-2021, setting zero tariffs for a broad range of goods, according to a joint press statement. The two ministers signed the agreed minutes…
The Mekong Delta province of Tra Vinh is taking various steps to develop climate change-resilient aquaculture, setting its sights on expanding the local aquaculture area by 2,500 ha to reach 40,000 ha by 2030. The province also aims to generate around 420 million VND (18,230 USD) in average earnings per ha over the next decade….
The Sihanoukville Special Economic Zone (SSEZ) has reported export growth of 26.52 percent in 2020, a significant achievement in light of the COVID-19 pandemic. The value of goods exported from the SSEZ was $1.556 billion, according to the report obtained by Khmer Times on Friday. The zone’s main products are clothes, electronic devices, bags, construction…
