Cambodian for Resource Revenue Transparency have applauded a statement issued on Tuesday by the Cambodia National Petroleum Authority that called for renewed talks with Thailand on the long-disputed Overlapping Claims Area in the Gulf of Thailand. CRRT chairman Mam Sambath said the statement was a “strong sign” that increased the possibility of resolving the dispute and exploiting potential oil reserves in the gulf. The two countries signed an agreement on joint management of the OCA in 2001 and held talks until 2007. That agreement was put on hold by Thailand in 2009, but the statement claimed secret meetings between the two countries on the issue had continued with the government of previous Thai prime minister Abhisit Vejjajiva.
Group applauds call to restart talks on gulf oil
- 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 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