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
Pakistan is extremely prone to unexpected weather and frequently dangerous monsoon rains, which typically occur in July. Extraordinary monsoon floods in Pakistan in the summer of 2022 caused millions of people’s displacement and caused US$ 30 billion in injury and financial loss, according to a World Bank measure. While makingContinue Reading
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.  ,
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.  ,
” 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.
A SWELLING CAMP A hundred or so station residents are awaiting water rations that will take them three to four days to get to the vehicle. Children travel with the containers residence in trolleys or baskets on their backs as warm weather whips up dirt from the dust road. ”Continue Reading
Bangkok: Suriyan Wongwan sweats as he waits to obtain the food to be delivered by motorbike as Thailand bakes through a heatwave in Bangkok’s main Siam Square. ” I’m afraid of getting heatstroke”, the 51- yr- ancient told AFP as the metal hit 37 degrees Celsius, with moisture pushing theContinue Reading
The Philippines ‘ education department announced on Sunday ( Apr 28 ) that in-person classes will be suspended in all public schools for two days as a result of the country’s extreme heat and a nationwide jeepney driver strike. In recent weeks, Southeast Asia has been scorched by intense heat,Continue Reading
A court in Manila has halted the commercialization of genetically modified golden grain because it believes that” severe” health and environmental health problems are brought on by contradictory scientific findings. In a pay to battle childhood blindness, the Philippines was the first nation in the world to approve beautiful rice,Continue Reading
Bangkok: Thailand issued new warnings about scorching hot weather on Thursday ( Apr 25 ), as the country’s government reported that heatstroke has already claimed the lives of at least 30 people this year. The heat index was anticipated to rise above 52 degrees Fahrenheit, so Bangkok city officials issuedContinue Reading
As authorities warned of additional heavy rains to come, victims of severe floods in southern China raced on Wednesday ( Apr 24 ) to save property from the murky waters. In recent days, torrents have slammed Guangdong province, causing downpours that have claimed the lives of four persons and forcedContinue Reading
During the COVID- 19 pandemic, the Philippines experienced one of the longest class shutdowns in the world, which highlighted the learning gap faced by children from low-income families without computers or adequate digital access. However, according to instructors and organizations, online lessons have become the safest option in the countryContinue Reading