Tag Archives: international

Long-awaited city mall finally opens its doors

A six-story shopping mall opened yesterday near Phnom Penh International Airport with shop space about 65 per cent rented out, officials said yesterday. The first three floors of Rathana Plaza on Russian Federation Boulevard in Sen Sok district host shopping space, while a 100-room hotel occupies the top three floors, marketing manager Prum Phearun said yesterday. Vendors have rented about 150 of the shopping mall’s 236 shopping units, the manager said Continue reading

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From manager to scavenger

Photo by: Sieam Bunthy Mean Luch poses with a stack of recyclables. In Phnom Penh, few are the reports of well-paid managers dropping their jobs to scavenge refuse Continue reading

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Huge real estate deal gets tongues wagging

Speculation has it the biggest property deal in half a decade has just been inked, dwarfing the Hongkong Land purchase made last spring. Hongkong Land (Singapore) Pte Ltd, a subsidiary of Jardine Matheson, shelled out $35.7 million in April for a number of properties in Phnom Penh and Siem Reap from the ailing JSM Indochina, of course Continue reading

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A threat to Kingdom’s FDI

Photo by: Heng Chivoan A worker measures pipe in June at the construction site for the Cambodian-Chinese Friendship bridge that will span the Tonle Sap river in Phnom Penh. Tokyo Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institution indicated on Wednesday Continue reading

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IMF sees chances to grow

Photo by: Mai Vireak New International Monetary Fund resident representative for Cambodia Faisal Ahmed speaks to Post reporters in Phnom Penh yesterday. Rising production costs in countries like China and Vietnam may soon give rise to higher-value manufacturing in Cambodia, as investors are drawn to the Kingdom’s favourable business environment, the International Monetary Fund’s newest resident representative for Cambodia said yesterday. Continue reading

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Yingluck Visit Boosts Thai-Cambodia Relations

Thailand’s recently elected Prime Minister Yingluck Shinawatra has made her first official visit to Cambodia. The one-day trip marks a new start in bilateral relations, which have been poor in recent years. Thai premier Yingluck Shinawatra and her Cambodian counterpart Hun Sen have begun the process of rebalancing matters between the two neighbors, after years of deterioration. Continue reading

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Satellite city speculation

Construction will soon begin on yet another satellite city in Phnom Penh, this time worth US$1.6 billion. Most people must be scratching their heads, as there are already four similar projects totalling $4.4 billion either planned or presently under construction in the capital. The general sense of economic optimism that drove investment before the global financial crisis seems to have returned Continue reading

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