Page 107 - Preah News Today

Cambodia PM: Neutral in US-China ties Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

Cambodia’s border reopening is a boost to its tourism industry, which is an important contributor to the economy. Read on to learn more.

A day before the ASEAN-US Special Summit is set to begin, Prime Minister Hun Sen has insisted that Cambodia will remain neutral and not choose between the US and China, as he attempted to assuage US concerns on Chinese military presence in Ream Naval Base.

For several years now, Cambodia has been receiving billions of dollars in Chinese investment as part of China's Belt & Road initiative (BRI). Between 2013 and 2017, Beijing invested US$5.3 billion in the Southeast Asian country. Between 2016 and 2019, the two countries signed 65 cooperation agreements to finance infrastructure projects such as seaports, highways, airports, power stations and even an oil refinery.

Cambodia has started construction of the first phase of a $1.5bn multi-purpose port in Kampot.

The Council for the Development of Cambodia (CDC) has approved final registration certificates for six companies – worth $152.6 million – according to a May 5 statement.

PHNOM PENH (The Phnom Penh Post/Asia News Network): Under the CAPFISH-Capture programme, the EU in Cambodia provided seven maritime patrol vessels to the Fisheries Administration (FiA) cantonments in the Kingdom’s four coastal provinces to meet their operational needs in the suppression and prosecution of fisheries crimes.

The Ministry of Tourism plans to select three model villages which will represent Cambodia in the Best Tourism Villages competition, held by the UN’s World Tourism Organisation (UNWTO) for 2022.

The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province.

The Asian Development Bank (ADB) will disburse $100 million loans and grants to implement the Coastal and Sustainable Fisheries project for economic development in Koh Kong, Preah Sihanouk, Kampot and Kep provinces.