Thursday, 23 July 2009

The Phnom Penh Post News in Brief

In Brief: Chevron's new diesel

Thursday, 23 July 2009
Hor Hab

CHEVRON (Cambodia) Limited said Wednesday it would release a new, cleaner diesel formulation nationwide in Cambodia from today. Caltex Diesel with Techron D will be priced the same as existing formulations, the company told a press conference. "We believe that the new Caltex Diesel with Techron D with its proven cleaning power will result in cleaner engines, and cleaner engines perform better," said Jeremy Oh, general manager of retail, commercial and industrial operations for Chevron.


In Brief: Korean bank to open

Thursday, 23 July 2009
Post Staff

HUANGDBS Commercial Bank Plc (HDCB) will become Cambodia's 28th commercial bank when the wholly owned local subsidiary of Kuala Lumpur-based Hwang-DBS (Malaysia) Berhard is officially launched at a ceremony today. The bank received a certificate of incorporation from the Ministry of Commerce on June 26, effective from June 19, which required it to begin operations by July 31. In a June 29 filing to the Malaysian stock exchange, HuangDBS said the bank would have issued and paid up capital of US$20 million.

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