Wednesday, 13 May 2009

The Phnom Penh Post News In Briefs

In Brief: PM to go Seoul

Written by Sam Rith
Wednesday, 13 May 2009

PRIME Minister Hun Sen will head to Seoul on May 31 the Ministry of Foreign Affairs confirmed Tuesday, on a five-day visit that will focus on South Korean investment in the Kingdom. The trip is scheduled to include a meeting with potential investors, Koy Kuong added: "Samdech will take that time to attract investors." Hun Sen is also scheduled to sign a memorandum of understanding on mineral exploration with South Korean President Lee Myung-bak. South Korean investment in Cambodia fell to US$472.89 million in 2008 from $629.49 million in 2007.


In Brief: RDB wins award

Written by NGUON SOVAN AND HOR HAB
Wednesday, 13 May 2009

THE Rural Development Bank (RDB) has won an award from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the bank's chairman and CEO said Sunday. The local economic development project award, presented to the bank at the ADFIAP's annual awards ceremony in Muscat, Oman, on April 28, was awarded for a US$5 million strategic commodity rice project in Battambang and Banteay Meanchey provinces.

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