SINGAPORE - Given Cambodia s vibrant trade environment and consistent growth over the last decade, there are many opportunities there for Singapore-based firms and international partners to explore projects to boost regional connectivity.
This was the key theme of a roundtable organised by Infrastructure Asia and Singapore s YCH Group on Tuesday (April 20) to connect local logistics firms with potential partners to develop and finance the Phnom Penh Logistics Complex (PPLC).
Plans for the PPLC, which is estimated to cost US$200 million (S$265 million), include an integrated port and logistics operations centre, training academy and start-up hub.
A framework agreement to develop the project was inked last month between the logistics company and Cambodia s Ministry of Public Works and Transport.
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Minister of Public Works and Transport Sun Chanthol signed a Framework of Agreement (FA) to develop the highly-anticipated Phnom Penh Logistics Complex (PPLC) virtually with YCH executive chairman Robert Yap. MPWT
YCH signed on for major logistics hub
Thu, 4 March 2021
The Ministry of Public Works and Transport and Singapore-based YCH Group on March 4 signed a Framework of Agreement (FA) to develop the highly-anticipated Phnom Penh Logistics Complex (PPLC) in a move to integrate Cambodia’s logistics system into regional and global supply chains and propel the Kingdom towards long-term economic growth.
The materialisation of the FA comes a little over a year since the government early last January green-lit the draft of the Interim Master Plan on Intermodal Transport and Logistics Connectivity (IMP-ITLC), which serves as a roadmap for the development of the country’s logistics sector.
Labour chief Ng Chee Meng speaking at the ST Reset 2021 webinar on Dec 21, 2020.- ST
SINGAPORE (The Straits Times/ANN): The job market has shown signs for optimism in 2021, although some sectors will remain in the doldrums, labour chief Ng Chee Meng said on Monday (Dec 21).
The aviation and aerospace sectors, engineering clusters which support those sectors, as well as hospitality and tourism, are likely to stay muted, he said, noting that these are areas in survival and sustainability modes .
But others like healthcare, biotech, logistics should trend positively overall, he said, while acknowledging that the local and global health situation will be a big factor in determining how the economy recovers from its low base in 2020.
The New Paper
Job market showing signs for optimism in 2021: Ng Chee Meng
(From left) Mr Robert Yap and Mr Ng Chee Meng at the Straits Times webinar moderated by ST assistant news editor Toh Yong Chuan. TNP PHOTO: LIM YAOHUI
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The job market has shown signs for optimism next year, although some sectors will remain in the doldrums, labour chief Ng Chee Meng said yesterday.
The aviation and aerospace sectors, engineering clusters that support those sectors, as well as hospitality and tourism, are likely to stay muted, he said, noting that these are areas in survival and sustainability modes .