Management in Cambodia : “Guards are more than farmers in uniform”
ENGLISH ONLY: Located in a humble, barrack-like building with small offices that are still under construction, Global Security Solutions enjoys the proximity to its biggest customer: Toll Royal Railways.
Cambodia Airports operator looks to expand – Business
ENGLISH ONLY: While Cambodia Airports, of which France-based Vinci Group is major stakeholder, sees tourist numbers taking off, eviction issues are gnawing at the company’s image. Emmanuel Menanteau, chief executive of Cambodia Airports, talked to the Post’s Sarah Thust about the expansion plans.
NagaCorp rolls dice on $15 million VIP terminal
ENGLISH ONLY: A private VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion.
Australian Geopacific extends its copper zone in Cambodia
ENGLISH ONLY: Geopacific Resources, an Australian mineral exploration company, said it has extended the zone of copper found in Preah Vihear province’s Kou Sa district to 18 kilometres, the company announced yesterday.
Local banks gain trust: survey
ENGLISH ONLY: Nearly nine out of ten Cambodians have confidence in local financial institutions, a trend that stands in sharp contrast to Europe and the US, a poll published last week found. However, industry insiders question the results, as the Kingdom’s financial services are still under-developed.
United Nations : Students ambush Subedi in Cambodia
ENGLISH ONLY: United Nations human rights envoy Surya Subedi was ambushed last night by what appeared to be a co-ordinated student group while delivering a public lecture, raising suspicions that it was a political stunt.
Mining industry scores low
ENGLISH ONLY: Cambodia’s nascent extractive industry currently accounts for only a small fraction of government revenues as it lacks transparency and is vulnerable to corruption, lawmakers and industry insiders said yesterday in the wake of a report released this week.
Cambodia: Huge coal-fired plant discussed
ENGLISH ONLY: Thailand has been discussing the possibility of investing in a coal-powered electricity plant in Cambodia to produce 4,000 megawatts of power, the country’s Energy Minister Pongsak Ruktapongpisal told The Nation yesterday.
Cambodia: French Development Agency in talks over power lines
ENGLISH ONLY: The French Development Agency (AFD) in Cambodia said yesterday it is discussing an approximately 50 million euro ($65 million) loan to extend electricity transmission lines, and said it plans to provide more loans for vocational training in the Kingdom.
Telecommunications provider VimpelCom exits Cambodia
ENGLISH ONLY: VimpelCom, parent company of local telecommunications provider Beeline, announced on Friday it had sold its entire indirect stake in Cambodia’s Sotelco to its local partner, Cambodian tycoon Huot Vanthan, after reviewing the value its operations brought to the company.
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