Cambodia's new impressive new international airport all set for official operation on Sept 9
PHNOM PENH (Xinhua): Cambodia has set Sept 9, 2025 for the official operation of the Techo International Airport, said a statement on Friday.
Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said in the statement that although the official operation is determined for Sept 9, the official inauguration ceremony will be held on Oct 20, which will be presided by Cambodian Prime Minister Hun Manet.
Invested by Cambodia Airport Investment Co., Ltd, the 1.5-billion-U.S.-dollar airport is being constructed on an area of 2,600 hectares in southern Kandal and Takeo provinces, about 20 km from the capital, Phnom Penh.
Work on the airport project began in 2020. It is classified as a 4F-level airport, the highest level in the world.
It will be capable of handling approximately 13 million passengers a year in the first phase.
Thourn Sinan, chairman of the Pacific Asia Travel Association Cambodia chapter, said the new airport will enhance Cambodia's image as a modern and accessible destination.
"Improved connectivity will attract more international airlines and travelers, showcasing Cambodia as a key player in the region," he told Xinhua.
"The airport is expected to stimulate economic growth by creating jobs, boosting local businesses, and increasing investments in infrastructure," Sinan said.
"It will also facilitate trade and commerce, providing a boost to various sectors beyond tourism." - Xinhua
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
U.S. inflation rises modestly in May, fueling political pressures on Fed
NEW YORK, June 11 (Xinhua) -- Inflation in the United States edged slightly higher in May, with the consumer price index (CPI) rising 2.4 percent on an annual basis, up from 2.3 percent in April, according to the data released by the Bureau of Labor Statistics on Wednesday. The increase was just below economists' expectations of a 2.5 percent rise, based on a FactSet survey. Core inflation, which strips out the often volatile categories of food and energy, climbed 2.8 percent over the past year -- also below the 2.9 percent projected. Despite these softer-than-expected readings, inflation remains above the Federal Reserve's 2 percent target, underscoring ongoing challenges in fully stabilizing prices. The inflation rate likely rose less than expected due to a sharp dip in gasoline prices. Lower energy prices were a "major source of disinflationary/deflationary pressure," noted Adam Crisafulli, an analyst with Vital Knowledge. Gasoline prices fell 12 percent from a year earlier, while clothing prices declined 0.9 percent, and airline fares dropped 7.3 percent. On the other hand, prices for beef, coffee, and housing continued to rise, offsetting the broader easing in other sectors. In financial markets, the report prompted a modest lift in U.S. stock indexes during midday trading, while the U.S. Treasury yields and the U.S. dollar slipped, reflecting expectations that the Federal Reserve may be inching closer to cutting interest rates later this year. Political pressure quickly mounted in response to the CPI data. U.S. President Donald Trump reiterated his call for the Fed to slash interest rates by a full percentage point, while U.S. Vice President JD Vance accused the central bank of engaging in "monetary malpractice" by maintaining current borrowing costs. Although the inflation numbers do not yet reflect significant upward pressure from tariffs imposed by the Trump administration, economists warn the full effects could materialize in the second half of 2025. "The impact of tariffs was smaller than expected in May. We expect to see it more clearly starting next month," said economists with Bank of America Global Research. Combined with the solid May jobs report, the latest CPI data reduce the chances of a nasty bout of stagflation in the United States, according to Bank of America Global Research. "Tariff impacts may begin appearing in the CPI data later this summer," said Seema Shah, chief global strategist at Principal Asset Management, noting the potential for inflation to creep above 3 percent by year-end if trade-related costs feed through the broader economy. "Today's below forecast inflation print is reassuring -- but only to an extent," Shah added. "Tariff-driven price increases may not feed through to the CPI data for a few more months yet, so it is far too premature to assume that the price shock will not materialise."
The Star
3 hours ago
- The Star
NYC bans broker fees on tenants
NEW YORK, June 11 (Xinhua) -- The Fairness in Apartment Rental Expenses (FARE) Act went into effect on Wednesday in New York City, ending the longstanding practice that brokers marketing an apartment were paid a fee when a contract was signed and that fee had been paid by the tenant, and instead requiring the landlord to pay the marketing broker's entire fee. "Such a fee is typically between 10 percent and 15 percent of the annual rent, which means renters might need to pay thousands of additional dollars before they can move in. That is especially burdensome for young and low-income apartment seekers who don't have a lot of cash on hand," reported The Wall Street Journal about the move. New York is one of the last cities in the United States to eliminate tenant-paid brokers fees. Boston is now the only major U.S. city where tenants are still on the hook for these fees, though there are several proposals before the city government to follow New York and end the practice. "Some property managers are expected to test the market by imposing major rent increases as soon as the new law goes into effect," noted the report, adding that "a number of brokers have been listing two different prices. One for an apartment before the FARE Act went into effect, and an additional price that was often several hundred dollars more for Wednesday and thereafter."
The Star
3 hours ago
- The Star
Trump's FAA pick vows to hold Boeing accountable on quality
NEW YORK, June 11 (Xinhua) -- U.S. President Donald Trump's nominee to lead the Federal Aviation Administration (FAA) on Wednesday vowed to hold Boeing Co. accountable for the quality of its jets as the U.S. plane maker works to produce its cash cow 737 Max aircraft at higher rates. "If confirmed, airline executive Bryan Bedford will be tasked with making decisions on how to proceed with Boeing, which the FAA is still closely monitoring following a midair mishap last year that exposed quality lapses at the company's factories," reported Bloomberg News about the development. Bedford told U.S. senators during a hearing in Washington that he wants to hold "Boeing accountable to deliver a high-quality product." He said he aims to ensure the plane maker is listening to its workforce and backed the use of data, such as defect rates, to determine if the quality and supply chain issues at Boeing have been addressed. Boeing in recent weeks has begun producing 737 Max jets near the 38-per-month cap imposed by the FAA after last year's incident, which involved a door-size panel detaching from a Max plane shortly after takeoff.
