Investment in Cambodia's construction up 85 pct in 7 months
Construction sector had attracted the investment of $1.38 billion in the first seven months of 2012, a 85 percent rise from $747 million at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. During the ...
Slice of New Casino Lottery to Fund Red Cross
NagaCorp, the owner of Phnom Penh’s only licensed casino, launched the sale of tickets for a new national lottery on Friday with the inaugural draw to take place on July 12 and a top prize of $218,000. In a statement, NagaCorp said 30 percent of net ...
Former anti-drug czar’s appeal begins
Disgraced anti-drug czar Moek Dara’s appeal against his life sentence for convictions in 25 separate cases of bribery and masterminding a criminal enterprise began yesterday morning in Phnom Penh. Co-accused, former Ministry of Interior anti-drug police department chief Chea Leng also appeared at the Court of ...
Thailand’s Former Official Denies Secret Oil Talks
Thailand’s former Deputy Prime Minister Suthep Thaugsuban has denied Cambodia’s recent claim that he initiated secret bilateral talks over coveted oil reserves in disputed Gulf of Thailand waters, Thai news service MCOT reported Saturday. In a statement last week, the Cambodian National Petroleum Authority said ...
Rights groups wary of ban on internet cafés
Rights workers cautioned yesterday that a sweeping ban on internet cafés near schools was little more than a thinly veiled act of censorship. Issued last month by the Ministry of Post and Telecommunications, the circular says all internet cafés within 500 metres of a school must ...
http://www.phnompenhpost.com/National/rights-groups-wary-of-ban-on-internet-cafes.html
Parties express satisfaction with ballot slot positions
While Prime Minister Hun Sen expressed satisfaction at his Cambodian People’s Party’s (CPP) 20th spot on the list, the Grassroots Democracy Party (GDP) expressed surprise at having drawn the same number that the now-dissolved Cambodia National Rescue Party (CNRP) drew in the last election. ...
Ben Sokhean
https://www.phnompenhpost.com/national/parties-express-satisfaction-ballot-slot-positions
Hun Sen Denounces Televised Comments on Passport Fees
Prime Minister Hun Sen yesterday criticized the Cambodian News Channel (CNC) for broadcasting an interview with an NGO worker who had claimed on air that the large number of illegal Cambodian workers to Thailand was due to high cost of obtaining a Cambodian passport. Speaking at ...
Gambling on change
The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...
Eddie Morton
http://www.phnompenhpost.com/business/gambling-change
Two Khmer Papers Told to Halt Publishing
The Ministry of Information on Tuesday ordered two Khmer-language newspapers owned by the same publisher to halt publication for failing to follow ministry rules. In a notice signed by Minister of Information Khieu Kanharith, Phnom Penh-based The Water and Fire news and The World newspapers ...
Australian firm bets on Bavet
Australian-listed Cell Aquaculture (CAQ) – a onetime a marine technology company – has purchased a casino on the Cambodia-Vietnam border in a bid to generate much-needed revenue after nearing bankruptcy in 2013. On May 26, CAQ announced in a statement to the Australian Stock Exchange that ...
Eddie Morton
http://www.phnompenhpost.com/business/australian-firm-bets-bavet
Xiamen expected to set up sister city relationship with Cambodia's Kampot
Cambodia may set up a consulate in Xiamen in the near future, and the Cambodian port city of Kampot is expected to establish sister city relationship with Xiamen, reported Haixi Morning News on Wednesday. Cham Prasidh, Cambodian Minister of State and Minister of Trade and Commerce, ...
More than 100 illegal slot machines seized in capital
More than 100 slot machines worth over $1 million in total were seized in a police raid on a warehouse in Phnom Penh’s Sen Sok district on Monday, an Interior Ministry official said. ...
Sek Odom
https://www.cambodiadaily.com/news/more-than-100-illegal-slot-machines-seized-in-capital-81548/
Island casino’s fate to be decided
A preah Sihanouk provincial official said on Monday that the administration would request approval from the Ministry of Environment and the National Committee for Coastal Management and Development to dismantle a Chinese casino on Koh Rong Sanloem. ...
Khorn Savi
https://www.phnompenhpost.com/national/island-casinos-fate-be-decided
Cambodia to Cooperate with Korean Prosecutors
Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...
Casino-Funded Election Committee Office Breaks Ground
The National Election Committee (NEC) broke ground yesterday on a $12-million tower being funded by the casino company NagaCorp that is set to take more than two years to complete and has drawn concern from election groups. At a ceremony that took place on National Assembly ...
Kingdom officials in on Busan probe: report
South Korea’s Yonhap news agency reported yesterday that Cambodian officials have agreed to assist in the investigation of a scandal ridden South Korean savings bank with investments in the Kingdom. A South Korean investigation has revealed that bank executives and shareholders used deposits to ...
NagaWorld Workers on Strike After Firings
More than 500 workers from Phnom Penh’s NagaWorld Casino demonstrated on Monday, in what was their fourth straight day of strike action in front of the Casino over wages and the firing of four staff members Sok Narith, deputy secretary general of the Cambodian Tourism and ...
http://www.cambodiadaily.com/news/nagaworld-workers-on-strike-after-firings-11761/
Naga World Boss Acquires Billionaire Status
The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. The magazine, which calculates the wealth of individuals using company data, published a list of the ...
Thai, Cambodian FMs meet in Bangkok on economic cooperation
Thailand and Cambodia will step up road construction, and open more checkpoints along their common borders, Thai News Agency reported on Wednesday. The resolution was made during the 8th Thai-Cambodian Joint Commission, held in Bangkok on Tuesday and Wednesday. ...
http://news.xinhuanet.com/english/world/2012-12/26/c_132064949.htm
More regional flights to be available in Cambodia
Regional flights to Cambodia will rise next year with the news that Philippines Airlines is eyeing flights to the Kingdom and Singapore’s SilkAir announced it would increase the frequency of flights to Siem Reap. The regional wing of Singapore Airlines, SilkAir, announced on Tuesday an increase ...