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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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,
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
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
Japan bank buys major stake in ANZ Royal BankJapan'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