THE Cambodia-Laos Development Fund (CLDF) officially launched Thursday, expecting to invest in 10 projects across the Kingdom during the next five years. Representatives for the US$10 million fund are already in discussion with eight companies in Laos and Cambodia, and have spoken to a total of 45 companies about potential investments, according to the fund manager. Joshua Morris, managing director of Emerging Markets Investments (EMI), who launched the fund, said that talks are under way with companies in business services, agri-processing, IT services, communication and education. He declined to name the businesses involved, citing confidentiality.
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Prince injured, wife dies after accidentTHE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec
Guards protest dismissals, reject claims of sharing naked photos of childSome 20 former security guards at the US Embassy in Phnom Penh protested on Tuesday against their dismissal. They accused their employers of falsely claiming they had viewed and shared child pornography from their mobile phones as grounds for their termination. In total, 32 personnel were dismissed
We’re going to Wisney World!More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International and
Funcinpec urges probe into deadly Preah Sihanouk accidentTHE Funcinpec party has urged the government, especially the Ministry of Interior, to investigate the traffic accident in Preah Sihanouk province which left Prince Norodom Ranariddh badly injured and his wife Ouk Phalla dead. Funcinpec Vice President You Hokry told reporters at Botum Votey pagoda,