CANADIA Bank signed a memorandum of understanding on Saturday with the Vietnamese-owned Bank for Investment and Development of Cambodia to cooperate on lending and investment activities. Canadia Bank CEO Charles Vann said the deal cleared the way for the two banks to provide syndicated loans, including a US$33 million loan due to be signed with the Rural Development Bank to help farmers and rice millers improve rice quality for domestic and export markets. BIDC provided $28 million; Canadia Bank $3 million; and the Foreign Trade Bank, which is part owned by Canadia Bank, $2 million.
In Brief: Canadia, BIDC sign deal
- The hairy little heroes saving many lives in rural Cambodia
IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading
- Hun Sen’s China visit ‘a good opportunity’
Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to
- Former chief bodyguard receives royal pardon
The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.
- PM warns EU and opposition on 34th anniversary of his rule
HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget