At least 24 dead in eastern India as temperatures soar

The city park in Delhi relies on lakes and extinguishers to relieve its 1,200 occupants, where higher temperatures have been causing birds and wild monkeys to suffocate or become ill. Sanjeet Kumar, the zoo’s chairman, informed ANI that the summer management diet includes a more liquid meal as well asContinue Reading

India shuts schools as temperatures soar

NEW DELHI: Delhi’s authorities have mandated that schools close early for the summer holiday after the city’s capital was gripped by a” severe heatwave” and temperatures reached 47.4 degrees Celsius. According to a government order quoted by the Hindustan Times on Tuesday ( May 21 ), Delhi city officers askedContinue Reading

Bangladesh reopens schools as searing temperatures drop

After a severe heatwave a week ago that forced classes in Bangladesh, where the country baked in temperatures that rose well over 40 degrees Celsius, the country’s schools reopened on Sunday ( May 5 ) and continued classes over the weekend. Despite the worst heatwave in seven years sending temperaturesContinue Reading

IN FOCUS: Cambodia’s US billion ‘eco-city’ raises financial and environmental concerns

FINDING THE MONEY

Finding financial backers and partners for the multi-billion dollar task comes at a time when China has tightened its budgetary controls abroad, which was previously a big supporter of Cambodian infrastructure projects.

Onlookers are concerned about where the enormous sources of funding needed to fund the Bay of Lights may come from because of Prince’s potential problems and the smooth but stable relationship between Beijing and the new Cambodian government, led by Mr. Hun Sen’s boy, Mr. Hun Manet.

According to Mr. Sophal Ear, interact teacher of the international political economy at Arizona State University and expert on Cambodia-Chinese relations,” the spout has stopped, and everyone who lived off of it is living on credit.”

It also seems plausible to say that these purchases are changing. This change could become due to changes in China’s personal economic plans, global economic conditions, and Cambodia’s regulatory environment.

” The fresh Manet government’s approach to managing relationships with effective Chinese groups may be symptomatic of Cambodia’s future economic and diplomatic way, “he added.

Canopy Sands said it has” actively engaged with a diverse group of international buyers “beyond China, from Singapore, Korea, Japan, the United Arab Emirates, Indonesia, and Thailand”, showcasing the site’s world charm and its ability to redefine industrial living”, according to Mr Chen.

In March, it put pen to paper with UAE- based investment platform, the Annual Investment Meeting ( AIM ) Congress, in an agreement to construct a convention centre within the Bay of Lights and host future investment conferences.

It was a Middle Eastern outfit’s first venture into Cambodia.

” This kind of growth in funding sources could be a good step for southern Cambodia, possibly bringing in new perspectives, innovative technologies, and inventive approaches to development … provided it respects local needs and sensibilities,” Mr Sophal said.

For ordinary Cambodians, there is entrenched uneasiness about the impact of Chinese investments throughout the country, which have left some” out in the chilly”, according to Mr Virak.

” Domestically, I think there’s a lot of pushback against Chinese involvement in investment. If you’re not in it, then you wo n’t like what you’ve seen, “he said. &nbsp,

Your biggest, most significant neighbor in the area has not, in my opinion, been a benefit to you.

Cambodians have been priced out of Sihanoukville, amid a construction boom he said, souring locals ‘ ties with those reaping the financial windfalls.

In recent years, numerous prominent tycoons have been detained for allegedly engaging in fraud in land and construction projects, and thousands of Cambodians have filed class action lawsuits against Ponzi schemes.

The province’s former governor Yun Min spoke of land and property values doubling, or even quadrupling from 2017 to 2018. According to local media reports from 2018 the prices of the rental market increased by up to ten times compared to before the large-scale Chinese market entry.

” That has created a skyrocketing bubble. Right now, construction is having a life of its own,” Mr Virak said. &nbsp,

” It’s become an industry driven by speculation, but also driven by money laundering. People start using construction as a way to clean up their dirty money after a certain demand, he said.

In recent years, large portions of the southern coast of Cambodia have been converted into private land in the name of economic and infrastructure development. Prime waterfront, mangrove forest and national park areas have been carved out for various powerful individuals, conglomerates or overseas investors.

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