Friday, 11 September 2009

The Phnom Penh Post News in Brief

In Brief: OSK to open branches

Friday, 11 September 2009 15:00 Nguon Sovan

OSK Indochina Bank plans to open two branches in Phnom Penh today, and the bank's country head said two more would follow by the end of the year. Lim Loong Seng, who also serves as chief operating officer for the Malaysian-owned bank, said he hoped the expansion would help boost public confidence in Cambodia's banking and financial sector. The branches are at the newly opened City Mall and in Steung Meanchey district. OSK, which is 100 percent owned by Malaysia-listed OSK Investment Bank Berhad, commenced banking operations in Cambodia in October last year.


In Brief: $10m City Mall opens

Friday, 11 September 2009 15:00 Soeun Say

TAIWANESE firm Fu Yang Investment opened its more-than-US$10 million City Mall Shopping Centre in Phnom Penh's Prampi Makara district Wednesday. Fu Yang Director Lee Hsieh Yu said the four-storey retail space on the corner of streets 217 and 274 contains more than 700 shops. Tenants include Lucky Supermarket, Pizza World, BB World, OSK Indochina Bank and mobile phone shops, he said. Sydney Supermarket Chief Accountant In Sopheap and Sorya Mall General Manager Lam Sopheap said they were concerned to open at a time of falling retail sales in the capital.

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