January 24, 2008
An offshoot of the company in control of Cambodia’s most powerful petroleum group, Sokimex, plans to develop a top-end resort on a beach in the coastal province of Sihanoukville, the area’s deputy governor confirmed Wednesday.
Cambodia and Viet Nam are expected to achieve bilateral trade worth US$2.3 billion annually by 2010, according to reports released at the border-trade meeting held in An Giang Province last week.
The North-South Corridor of the Asian Development Bank-funded (ADB) Great Asian Highway is nearly fully paved. But as the last kilometers are completed, questions are arising about the future social, economic and even geopolitical costs of the new roadway, and with them new hitches are emerging.
The Asian Development Bank (ADB) said it will provide 40.8 mln usd along with its development partners to help Cambodia maintain roads managed by the Ministry of Public Works and Transport and improve the capability of the ministry in managing and maintaining its road network.
South Korea’s stock exchange and the Cambodian government have agreed to set up a stock exchange in Phnom Penh in 2009, the latest signal of the optimism sweeping the fast growing but deeply impoverished country.
No comments:
Post a Comment