Logo of Phnom Penh Post newspaper Phnom Penh Post - Battambang develops

Battambang develops

Battambang develops

The owner of a US$29 million residential development project in Battambang is expected to complete the first of its three phases by early 2011, but the completion date for the whole project hangs in the balance as the construction sector struggles to recover from the global financial crisis. Sok Sambath, project manager for Canadia Bank, which is managing the Battambang Commercial City development, said: “We don’t know when we will complete the whole project because the economic situation is still not good. We’re waiting for an improvement in economic recovery.” The project lies on 6 hectares in Battambang city. Sok Sambath is confident the development will sell well once it is built. “According to our research in this area we found that people living in this city have a good livelihood and income – that’s why we decided to develop this project here,” he said.

MOST VIEWED

  • Government denies claims former Thai PM Yingluck issued Cambodian passport

    Government officials on Thursday denied claims that a Cambodian passport was issued to former Thai Prime Minister Yingluck Shinawatra, who reportedly used it to register a company in Hong Kong. The Hong Kong-based English language South China Morning Post (SCMP) on Wednesday reported Hong Kong

  • US’ Cambodian ambassador appointment blocked

    The US Senate returned the nomination of Patrick Murphy as Ambassador to Cambodia back to US President Donald Trump on Thursday, as the American government shutdown entered its third week. The US Senate website announcement said it returned Murphy’s nomination as ambassador as his

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million