(Posted by CAAI News Media)
TRC buys Delta stake
Friday, 20 November 2009 15:02 JEREMY MULLINS
MALAYSIAN firm Trans Resources Corporation (TRC) Synergy Berhad announced Wednesday the acquisition of a 26 percent stake in Cambodia’s Delta Garden Limited for US$1.95 million. The deal was facilitated through a subsidiary, TRC Land (Cambodia) Limited, formed on October 28 as an investment vehicle for the company in construction and property-development sectors in the Kingdom, a statement said. Delta Garden said it intends to construct 123 housing units along the Tonle Bassac river, south of Phnom Penh, but refused to comment on the present state of construction at the site.
First for bank meeting
Friday, 20 November 2009 15:02 Nguon Sovan
CAMBODIA hosted the ASEAN Banking Council Meeting of the ASEAN Bankers Association for the first time Thursday as the two-day event kicked off in Phnom Penh with discussions covering cooperation on finance, investment and trade, as well as education. “Cambodia has enjoyed political stability and rapid economic growth for the past decade and is now on the investment map of many businessmen,” Pung Kheav Se, chairman of the Association of Banks in Cambodia, said in a welcome message to delegates.
First for bank meeting
Friday, 20 November 2009 15:02 Nguon Sovan
CAMBODIA hosted the ASEAN Banking Council Meeting of the ASEAN Bankers Association for the first time Thursday as the two-day event kicked off in Phnom Penh with discussions covering cooperation on finance, investment and trade, as well as education. “Cambodia has enjoyed political stability and rapid economic growth for the past decade and is now on the investment map of many businessmen,” Pung Kheav Se, chairman of the Association of Banks in Cambodia, said in a welcome message to delegates.
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