News
Vendors Protest Over Worthless Mfone Cards
More than 100 mobile phone vendors protested yesterday outside the Phnom Penh headquarters of bankrupt mobile operator Mfone over their stocks of phone credit recharge cards that are now worthless, as the defunct company has transferred its subscribers to MobiTel, which does not recognize the ...
LG Brand Shop to open Saturday
South Korea’s LG Electronics said the grand opening of its new outlet on Monivong Boulevard would take place on Saturday. ...
Ford opens new centre
When the new Ford showroom opened on Monivong Boulevard on Friday morning, the most distinguished guest was the great granddaughter of company founder Henry Ford, Elena A Ford. The entourage also included Ford’s regional and local associates, all of whom were joined by the deputy. ...
http://www.phnompenhpost.com/index.php/2012111959802/Business/ford-opens-new-centre.html
New 10-storey office building on Norodom Boulevard
The owner of the under-construction 10-storey building located on the corner of Street 178 and Norodom Boulevard, who asked not to be identified, said the building will be used as office space and apartments. The three floors on the top of the building will be apartments ...
Arbitrator Rules On Future of Gold Tower 42
Arbitrators in Seoul have ruled that the company contracted to build the $240 million Gold Tower 42 project in Phnom Penh was in breach of contract after failing to raise funds to finish the project, which resulted in work stopping almost two years ago, a ...
Acleda HQ Expansion to Start in Three Months
Acleda Bank will break ground on a 20-story tower directly behind its current headquarters on Monivong Boulevard in September to become the third bank in the country to push ahead with a high-rise property in the capital, officials at the bank said yesterday. John Brinsden, Acleda’s ...
Workers at Factories Supplying Major Brands Continue Protests
About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs. Upon arriving at the ministry, workers employed by the ...
Future of Gold Tower 42 in Arbitration Court
The owner of the $240 million Gold Tower 42 project in Phnom Penh has entered into arbitration with the project’s builder, in a bid to get work started again after construction halted on the project in September 2010 due to poor unit sales and cost ...
Microfinance Firms Look to Retail Lending
While shopping for a brand-new television, 27-year-old Loek Bunhai recently bought a Sony flat-screen at the Sunsimexco retail outlet on Phnom Penh’s Monivong Boulevard for $345. But with a monthly salary of $300 from his job as a microfinance officer in Phnom Penh, Mr. Bunhai was ...
