Logo of Phnom Penh Post newspaper Phnom Penh Post - Thai FM strikes hotel, border deals

Thai FM strikes hotel, border deals

Thai FM strikes hotel, border deals

A THAI joint-venture company signed an agreement with the Ministry of Tourism on

Sept 4 to build a luxury hotel near the ancient Angkor temples.

Thai

Nakorn Patana and the Minor Group will build a 210-room four-star hotel between

Siem Reap and the temples with the first phase of 150 rooms expected to be ready

in 1997, according to a ministry statement.

"The project will provide

hundreds of jobs during construction and thereafter in operation," Tourism

Minister Veng Sreyvuth said.

"This is the first major tourism investment

project signed by the ministry with Thailand and it strengthens the good

relationship and cooperation with our friendly neighbors," he

said.

Visiting Thai Foreign Minister Kasem Kasemsri, his Cambodian

counterpart Ung Huot, and Co-Premiers Prince Norodom Ranariddh and Hun Sen

watched as the pact was signed.

Angkor Wat and other temples from the 9th

to 15th centuries are Cambodia's biggest tourist draw, and numbers of visitors

are increasing.

Kasem, meanwhile, was striking more deals with Cambodian

authorities during his visit.

A joint Thai-Cambodian agreement on a joint

border commission and extradition treaty was discussed, and both likely soon to

be finalized.

Huot and Kasem discussed problems of overlapping claims to

areas potentially rich in oil and gas reserves, while Kasem pledged to return 13

ancient Cambodian artefacts seized from smugglers.

He did not say whether

the two sides had discussed the opening of more checkpoints on their long

border, though Thai officials had earlier said the issue would be

raised.

A Ministry of Foreign Affairs official said that a border

mechanism agreement was being pushed ahead.

MOST VIEWED

  • 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