In Brief: New Vattanac branch
Written by Nguon Sovan
Tuesday, 17 March 2009
Vattanac Bank on Monday opened its third branch near Olympic Market in Phnom Penh. Its president, Chhun Leang, said at the opening ceremony, "Although some huge international banks have faced closure due to the crisis, Vattanac is still strong." The expansion comes after the bank opened its first branch in the capital in 2002 followed by a Siem Reap branch in 2005. The bank had total assets of US$190 million at the end of 2008, financial results show, with total lending of $103.89 million.
In Brief: KOTRA to reopen office
Written by ROBBIE COREY-BOULET
Tuesday, 17 March 2009
The Korea Trade-Investment Promotion Agency (KOTRA) plans to reopen its Phnom Penh office Wednesday in response to the "high growth" of the Cambodian economy and "a rapid increase of Korean investment in Cambodia", according to a press release on Monday. The office will include a Korea Business Support Centre that will aid investors from the country, the release states. The old KOTRA office opened in 1997 and closed less than two years ago, in July 2007.
In Brief: Vendors protest outside pm's house
Written by May Titthara
Tuesday, 17 March 2009
Some 100 Olympic Market fish vendors demonstrated outside Prime Minister Hun Sen's house Monday, protesting their forced relocation last month from sidewalks outside the market to a strip half a kilometre away along an open sewer. They have said the new site is not suitable. Their removal came following a city initiative that police said was directed at clearing clogged streets.
In Brief: Facial deformity surgeries
Written by Sam Rtih
Tuesday, 17 March 2009
Operation Smile is conducting its 13th medical mission in Cambodia from Monday to Friday, providing free surgery to 125 people with cleft palates and other facial deformities at Phnom Penh's Cambodia-Russia Friendship Hospital. The mission includes 144 volunteer physicians from India, the Philippines, Vietnam, the United States and England, according to Mok Theavy, program director of Operation Smile Cambodia. Since 2002, the group has provided more than 1,450 Cambodians with corrective surgeries, he said. The group plans to provide a mission on May 2 to 8 in Kampong Cham, he added.
In Brief: Japan demining, clean water aid
Written by Chean Sokha
Tuesday, 17 March 2009
Japanese Ambassador Katsuhiro Shinohara is to sign over Wednesday a 548 million yen ($US 5.58 million) grant for demining equipment and a 3.51 billion yen loan for the construction of a new water treatment facility to serve Phnom Penh.
Written by Nguon Sovan
Tuesday, 17 March 2009
Vattanac Bank on Monday opened its third branch near Olympic Market in Phnom Penh. Its president, Chhun Leang, said at the opening ceremony, "Although some huge international banks have faced closure due to the crisis, Vattanac is still strong." The expansion comes after the bank opened its first branch in the capital in 2002 followed by a Siem Reap branch in 2005. The bank had total assets of US$190 million at the end of 2008, financial results show, with total lending of $103.89 million.
In Brief: KOTRA to reopen office
Written by ROBBIE COREY-BOULET
Tuesday, 17 March 2009
The Korea Trade-Investment Promotion Agency (KOTRA) plans to reopen its Phnom Penh office Wednesday in response to the "high growth" of the Cambodian economy and "a rapid increase of Korean investment in Cambodia", according to a press release on Monday. The office will include a Korea Business Support Centre that will aid investors from the country, the release states. The old KOTRA office opened in 1997 and closed less than two years ago, in July 2007.
In Brief: Vendors protest outside pm's house
Written by May Titthara
Tuesday, 17 March 2009
Some 100 Olympic Market fish vendors demonstrated outside Prime Minister Hun Sen's house Monday, protesting their forced relocation last month from sidewalks outside the market to a strip half a kilometre away along an open sewer. They have said the new site is not suitable. Their removal came following a city initiative that police said was directed at clearing clogged streets.
In Brief: Facial deformity surgeries
Written by Sam Rtih
Tuesday, 17 March 2009
Operation Smile is conducting its 13th medical mission in Cambodia from Monday to Friday, providing free surgery to 125 people with cleft palates and other facial deformities at Phnom Penh's Cambodia-Russia Friendship Hospital. The mission includes 144 volunteer physicians from India, the Philippines, Vietnam, the United States and England, according to Mok Theavy, program director of Operation Smile Cambodia. Since 2002, the group has provided more than 1,450 Cambodians with corrective surgeries, he said. The group plans to provide a mission on May 2 to 8 in Kampong Cham, he added.
In Brief: Japan demining, clean water aid
Written by Chean Sokha
Tuesday, 17 March 2009
Japanese Ambassador Katsuhiro Shinohara is to sign over Wednesday a 548 million yen ($US 5.58 million) grant for demining equipment and a 3.51 billion yen loan for the construction of a new water treatment facility to serve Phnom Penh.
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