Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...

The president of the Cambodia Rice Federation (CRF) has asked the government for an emergency loan of $20 million to $30 million, saying it is necessary to prevent the collapse of the rice sector. ...

An environmental impact assessment released on Friday for a $245 million mining project slated to begin operations in mondolkiri province next year has raised concerns about its potential effects on the environment and local communities. The project, proposed by the Chinese-owned Alex Corporation, would see a ...

Cambodia received some $124 million between 1993 and 2016, second only to Laos in the region. mines and unexploded ordnance kill and injure some 100 people annually in Cambodia, keeping poor communities impoverished by limiting access to farmland, the report states. ...

Trade liberalisation under the ASEAN Free Trade Agreement (AFTA) cost Cambodia $150 million in lost tariff revenue last year, with the losses projected to climb further in the coming years as the Kingdom phases out tariffs on goods originating within the 10-member economic bloc, a ...

Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said yesterday. ...

Malaysian-owned power infrastructure provider Pestech (CaMbodia) Ltd has been awarded a contract to build a 230-kilovolt transMission line valued at $100 Million to connect Koh Kong province’s Stung Tatai hydropower daM to PhnoM Penh, according to a filing on the Malaysian stock exchange. ...

Bilateral trade between Cambodia and Indonesia amounted to $492.7 million in the first 11 months of last year, a 23 percent increase compared to the same period in 2016, according to a report from an Indonesian state-run news agency. ...

Japan-based Kakegawa Yeat Pig Farm plans to invest $1 million to develop a large pig farm in Cambodia, according to local media reports. ...

The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...

Axiata Group Bhd is set to strengthen its foothold in Cambodia through a merger between Hello Axiata Company Ltd and Latelz Company Ltd, which it acquires for a consideration of US$155mil (Rm473mil). In a statement, Axiata announced that its Cambodian arm had entered into a sales ...

Almost $500 million a year was taken out of Cambodia in “illicit financial flows” between 2001 and 2010, a report released yesterday in the U.S. claims. People in the Cambodian finance sector, however, expressed doubts about the accuracy of the figure, which appears in a report ...

Mong Reththy Group (MRG) will begin construction on a US$16 Million crude palM oil refinery next Month in Preah Sihanouk province, where several thousand hectares of palM trees are grown, insiders said yesterday. Mong Reththy, president of the eponyMous firM, told the Post that his coMpany ...

The Australian government has pledged $3.02 million toward three provincial information departments, which it said would help “increase citizens’ ability to voice their opinions.” ...

Cambodian company Soma Group has signed a joint-venture agreement with Thai-based CP Intertrade to build and operate a $20 million rice mill that will process fragrant rice for export. Industry insiders say the mill will increase Cambodia’s rice export capacity and boost the Kingdom’s ability to ...

Pirated computer software accounted for about $50 million in losses to the Cambodian economy every year, an industry expert said yesterday. According to Pily Wong, president of the ICT Business Association, about 95 per cent of the computer software used in Cambodia is counterfeit, crippling the ...

About 200 former employees of bankrupt mobile phone operator mfone yesterday protested outside the company’s shuttered offices, asking for the help of Prime minister Hun Sen in the fight to get more than $4 million in compensation from the company. mfone declared itself insolvent in ...

Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...

Cambodian microfinance institution (mFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SmEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

Taking strides to curb Cambodia’s high maternal and child mortality rates, health officials yesterday launched a $14 million initiative to improve women’s limited access to reproductive health care. During the three-year Partnering to Save Lives campaign, funded by AusAid, NGOs Care Cambodia, marie Stopes and Save ...