From the ashes, National, Phnom Penh Post

Almost three years after anti-Thai rioters destroyed the Royal Phnom Penh Hotel,

businessman Supachai Verapuchong has submitted a $25 million blueprint for

building a new five-star hotel on the site.

The new hotel will have 240

rooms, six convention rooms and a sports complex, and it is expected to take two

years to build.

The proposal is a joint venture between the Sofitel

Phokeethara Convention, Resort and Spa with the Accor Group of France.

Supachai called on the Cambodian government to assure foreign investors

of security and stability, after the January 2003 anti-Thai riot caused an

estimated $47 million damage to businesses.

MOST VIEWED

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,
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
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