Phnom Penh Post - Bank pullout
Crédit Agricole Indosuez Bank has announced it will close its sole branch
in Cambodia. In a letter to the National Bank of Cambodia on September 18, the French
bank cited "purely strategic reasons" for its decision. Representatives
for the bank refused to provide more details, and depositors have 60 days to close
their accounts.
Government hits back at threats to pull EBA, suspend UN seatThe spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing
Chinese influx pushing locals, Westerners out of Preah SihanoukSome within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment
Sar Kheng: Sokha requested securityInterior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey
‘Dire consequences’ from sanctions, warns AmChamAmerican businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said
