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.
Nike calls for probe on Cambodian police clash with garment workers
ENGLISH ONLY: The US sportswear multinational Nike Inc called for an inquiry by Cambodia into a police crackdown on workers at one of its suppliers, during which a pregnant women miscarried and other people were injured.
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.
France-Cambodia: The French look to increase exports to the kingdom
ENGLISH ONLY: France-Cambodia relations to tighten: France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday.
Cyclo in Cambodia: One of the last of a vanishing breed
ENGLISH ONLY: Cyclo driver Nheb Bun Thoeun is standing on the balcony of his third-floor apartment on Monireth Boulevard, waiting for the rain to stop so that he can get back to work.
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