PHNOM PENH, Dec. 19 (Xinhua) — China topped the list of foreign investing countries in Cambodia in the past 14 years, with total amount reaching 5.707 billion U.S. dollars, national media on Friday quoted official source as saying.
South Korea trailed China with 2.749 billion U.S. dollars, followed by Malaysia with 2.199 billion [...]
China tops list of investing countries in Cambodia
Cambodian economy to slow in 2009: World Bank
PHNOM PENH: Cambodia’s economic growthv will slow to 4.9 percent next year amid the global financial crisis, less than half the country’s expansion pace of previous years, the World Bank said Wednesday.
“Cambodia, compared to many other countries in the region, is even more open to the external environment,” Stephane Guimbert, the World Bank’s senior economist [...]
Youth Offered EdC Job After Brother’s Death
The older brother of a young boy killed in a construction accident on a work site of Electricite du Cambodge last week has been promised a job by the company and the family compensated with $1,500.
Men Chanpong, 13, was buried alive Friday night by an EdC bulldozer in Lor Kambor village, Svay Pak commune, Russei [...]
Skyscraper complex project scales down in Phnom Penh
PHNOM PENH, Nov. 26 (Xinhua) – Blaming the global financial crisis, a major South Korean developer will dramatically reduce the scale of its proposed one billion U.S. dollars 7-skyscraper complex along the Tonle Bassac River to just three buildings at half the original price, national media said on Wednesday.
Ground was broken in June for the [...]
Taiwan’s ‘Lounge chair king’ drowns after falling into sea in Cambodia
Former Legislator Tseng Chen-nung, better known as “Taiwan lounge chair king” for his once leading role in the business, drowned in Cambodia Sunday, according to his family members residing in the southern county of Chiayi.Tseng Mao-chin, Tseng’s son, said he was informed of his father’s death [...]
Angered Workers Torch Korean Boss’s Car
A group of construction workers attacked the offices of the Camko City development on the outskirts of Phnom Penh Monday night, lighting a car on fire and throwing stones through the windows of the offices, officials and workers said.
The angered workers are part of a workforce of more than 1,000 people who went on strike [...]
Work safety worsens as Cambodian construction booms
PHNOM PENH (AFP) — The race is on to build Phnom Penh’s first skyscraper but as the fast-modernising city famous for its graceful colonial skyline transforms, safety standards appear to be stuck in the past.
The construction business in Cambodia is booming, attracting investments of 3.2 billion dollars in the first six months of this year [...]
Korean investors reach for Cambodian skies
PHNOM PENH – Planned to tower 52 stories above this city’s low-slung skyline, the US$1 billion International Finance Complex (IFC) embodies the bold new ambitions of Cambodian capitalism. If South Korean investors actually complete all the projects they have announced and launched, the once colonial Phnom Penh will soon come [...]
Kuwait loans Cambodia $546 mln, plans embassy
PHNOM PENH, Aug 22 (Reuters) – Kuwait has agreed to give Cambodia loans totaling $546 million to develop agriculture, build hydro-power facilities and construct roads, a Cambodian foreign ministry official said on Friday.
This is the second-biggest aid pledge ever received by Cambodia, after aid and loans totaling $601 million offered by China last year.
“This [...]
Cambodian gov’t mulls foreign ownership of buildings, offices
PHNOM PENH, Aug. 21 (Xinhua) – The Cambodian government is mulling to allow foreigners to own condominiums and office buildings in order to prevent a possible downturn in property values and boost long-term investment, national media said Thursday.
At present in Cambodia, foreigners are prohibited from owning land or fixed assets such as buildings, apartments or [...]