THE Bank of China is exploring the possibility of setting up a subsidiary in Cambodia, National Bank of Cambodia Director General Tal Nay Im said Wednesday after meeting with a delegation from the Chinese bank. “We have met with them, they are interested in investing in Cambodia, but they want to study the banking market in Cambodia first,” she said. The delegation, which was led by Wang Lijun, the president of its overseas operations administration, did not set a timetable for entry, she added. The delegation also met with Finance Minister Keat Chhon. The bank had 10,789 domestic and overseas branches, subsidiaries and outlets as of the start of 2009.
In Brief: Bank of China interested
- Japan bank buys major stake in ANZ Royal Bank
Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group
- Proof giants walked among us humans?
For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,
- UN ‘overstepping mandate’
Cambodia's Permanent Mission to the UN (CPM) denounced statements put out by the UN Office of the High Commissioner for Human Rights (OHCHR), accusing the entity on Monday of violating its own mandate. The statement, made on May 11 by the spokesman of OHCHR, expressed disappointment
- Endangered animals found dead in Pailin
An endangered gaur was one of “many” wild animals found dead in “dozens” of illegal traps in Pailin province’s Phnom Khieu Wildlife Sanctuary, said Chit Thy, a military officer working with rangers to protect the conservation area, on Wednesday. Thy, an officer in the 507