Prime Minister to Attend G-20 Summit Next Week
Prime Minister Hun Sen, in his capacity as Asean chairman, will lead a delegation to Mexico on Monday and Tuesday to attend the Group of 20 summit, the Ministry of Foreign Affairs said. Foreign Minister Hor Namhong will join Mr. Hun Sen at the summit, which ...
Cambodia prepares for G20
If it were a Group of 180 nations meeting, Cambodia would be invited. But the Kingdom’s chances of attending the so-called G20 summit, which brings together the world’s largest economies, are unlikely, says Mey Kalyan, a government adviser who last week became the first Cambodian to ...
http://www.phnompenhpost.com/index.php/2012051456136/Business/cambodia-prepares-for-g20.html
Microsoft's Super Wi-Fi could change game
A technology called “Super Wi-Fi” that uses the frequency spectrum between television channels called “white spaces” could be a game-changing force in how people connect to the internet, especially in places like Cambodia. The technology, which requires specialised equipment costing about US$2,000 for a base station ...
Wife of Pailin Governor Reaps Benefits From Casino Deal
Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...
Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/
Adidas Denies Allegations of Low Wages for Factory Workers
German sports brand Adidas yesterday denied allegations that its Cambodian factory, which produces Olympic merchandise, was not paying workers a sustainable living wage. The London Organizing Committee for the 2012 Olympic Games (Locog) said on Sunday it would investigate claims that Adidas has violated its agreement ...
New lottery bets on success
Malaysian-owned company VW Win Holdings Plc launched lottery operation Camloto in the Kingdom this week, making it the second to go live in as many months. Camloto CEO Jimmy Kong unveiled the new start-up, which will draw its first ball tonight on all major TV stations, ...
Eddie Morton
http://www.phnompenhpost.com/business/new-lottery-bets-success
Coke betting big on Cambodia
Coca-Cola held the ground-breaking ceremony for its new $100 million production facility at the Phnom Penh Special Economic Zone yesterday, which when completed in 2016 will double the beverage behemoth’s Cambodian output over the next six years.The new facility, which was announced last November after ...
Ayanna Runcie and Ananth Baliga
http://www.phnompenhpost.com/business/coke-betting-big-cambodia
Naga casino to buy aircrafts to fly Chinese gamblers to Phnom Penh
Cambodian casino operator, Hong Kong-listed NagaCorp, is trying to reach deals in order to fly gamblers from Macau and mainland China to its gaming resort in Phnom Penh, according to media reports. Hong Kong media quoted NagaCorp chief financial officer, Philip Lee Wai Tuck, as ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=Yjk2MWM1NWYyYjY
Research differentiates investing in stock exchanges from gambling at the casino
One of the men deeply involved in the development of Cambodia’s financial system, Dr Ghanty Sam, of the Financial Institute of Cambodia, who is also a board member of the Securities and Exchange Commission of Cambodia, says people should be aware of the downside of ...
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 ...
Harta Packaging bets on Cambodian growth
Malaysia-based Harta Packaging Industries Sdn Bhd opened a new Cambodian factory to meet the demands of a growing exports sector and benefit from Sihanoukville port’s ambitious expansion plans, officials said. Harta Packaging, a wholly owned subsidiary of HPI Resources Berhad and part of the Oji Paper ...
http://www.phnompenhpost.com/2013032664690/Business/harta-packaging-bets-on-cambodian-growth.html
Cambodia revising gambling laws to attract investment
The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...
GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/
Fintech could be ‘game changer’
Addressing the delegates, Chea Serey, director general of National Bank of Cambodia (NBC), stressed the role and importance of digital finance initiatives in broadening financial inclusion. She said digital finance could be a “game changer” for Cambodia’s nascent financial sector as it enables financial service ...
Brian Ng
http://www.phnompenhpost.com/business/fintech-could-be-game-changer
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 ...
Cambodia hedges its bets as sea tensions rise
As Ashton Carter toured Asia this week amid rising tensions over the South China Sea, Cambodia once again backed China’s position in the dispute, warning that recent remarks by the U.S. defense secretary were “provocative” and threatened the very peace the U.S. claims to be ...
Simon Henderson
https://www.cambodiadaily.com/news/cambodia-hedges-its-bets-as-sea-tensions-rise-84954/
Seized Wood Reported Stolen From R’kiri Park
Seized and then sold wood has apparently been stolen from the Try PHeap Import Export Company which bought the lumber. The wood amounts to approximately 42 cubic meters and is priced at over $37,000. Blame for the theft is being cast everywhere including on the ...
Mounting Foreign Concerns as 2013 Budget Plans Under Way
WASHINGTON DC – Seven opposition lawmakers say they have found new ways to reduce the national debt and are requesting that the National Assembly’s finance committee meet with them before drafting the 2013 national budget. The lawmakers, from the Sam Rainsy and Human Rights parties, say ...
Blame game on removal of Kem Sokha
Political analysts across the Kingdom are buzzing about the ramifications of the decision the National Assembly made last week to remove Kem Sokha, deputy president of the opposition Cambodia National Rescue Party (CNRP), as deputy president of the legislative body. ...
Chea Takihiro
http://www.khmertimeskh.com/news/17381/blame-game-on-removal-of-kem-sokha/
Australian gaming company probed for Cambodia payment
Australian gaming firm Tabcorp on Tuesday confirmed that it was under investigation by Australian police over a possible bribe it paid in 2009 to a Cambodian consultancy connected to a sister of Prime Minister Hun Sen. ...
Zsombor Peter and Khuon Narim
https://www.cambodiadaily.com/news/australian-gaming-company-probed-for-cambodia-payment-109949/