CAMKO City has already accommodated 73 families at its first phase of the satellite city on the outskirts of Phnom Penh, an employee said Tuesday. Kheng Ser, assistant to contractor World City Co Ltd Vice President Duk-kon Kim, said 85 percent of phase one had been sold, adding that the downturn had not negatively affected sales. World City had built and sold 164 townhouses and 18 villas, he added. South Korea’s Shinhan Bank, which also operates local subsidiary Shinhan Khmer Bank, has backed the project with US$2 billion.
In Brief: Camko houses ready
- 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,
- 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
- Long way to go before Cambodia gets a ‘smart city’
Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up
- New US bill ‘is a violation of Cambodian independence’
After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty