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 ...

As Macau casinos are showing continuous drop of revenue, Australian and Cambodian casinos don’t seem to have the same problem. The latest casino operator to reveal an impressive growth of net profit is NagaCorp Ltd. The Group reported an increase in profit of 49% ($101 ...

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

Diners may soon be able to leave their wallets at home the next time they decide to eat at a restaurant in Phnom Penh. Starting next week, WING, a Cambodian mobile payment service provider, will introduce a new service that allows people to pay their restaurant ...

Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...

Angkor Archaeological Park in Siem Reap province welcomed 393,293 foreign tourists in the first eight months of this year, earning $18,332,011. ...

The Battambang Provincial Administration has announced that it has a project to develop Roluos Lake in Peam Ek commune’s Takorm village of Ek Phnom district with the goal of protecting the lake as a sustainable tourist resort and preventing encroachment. ...

Land prices in Bavet town in Svay Rieng province have been “stable” despite a great deal of purchasing seen in early 2013, property experts said. Nuon Rithy, general manager at the Bonna Realty Group, said there have been lots of land trading in Bavet so ...

The Ministry of Tourism has instructed all local tourism-related businesses to implement additional preventive measures, including the prohibition of mass gatherings at local resorts, to prevent the spread of COVID-19 following the “November 28 community incident”. ...

At least 200 tourist resorts are expected to resume operations after the end of an inter-provincial travel ban and tourist-resort closures across the country. On April 25, the government lifted the travel ban and ended the closures of tourist destinations across the country, except for ...

Thousands of villagers in a remote district of the coastal province of Koh Kong have been evicted or are facing eviction in the face of a Chinese resort development project. Some families have moved unwillingly to relocation sites. But others are refusing to leave, setting the ...

A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...

Rabbit Island development investment, the $130 million multiple resort project in Koh Tonsay island, four kilometres off Kep province, has started construction activities, with building materials being moved there. ...

Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...

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 ...

The Cambodian National Rescue Party (CNRP) has submitted a new law to the National Assembly for consideration that would institute a minimum monthly wage of $150 for garment workers and $250 for civil servants, the newly formed opposition party announced at a press conference yesterday. The ...

NagaCorp recently announced it would invest $369 million in its latest project opposite the Buddhist Institute. The Hong Kong-listed casino operator’s latest Phnom Penh venture, Naga2,will include a casino, a hotel and a conference hall. The announcement of the investment by NagaCorp, Cambodia’s biggest casino operator, was ...

Preah Sihanouk authorities have issued a statement that hotels and casinos that detain, traffic or sexually exploit workers can have their business licenses revoked and cases sent to court. ...

Minister of Interior Sar Kheng confirmed on his Facebook page on Friday evening that several licenced casinos in Bavet city, Svay Rieng province, are employing many workers illegally. Of over 3,800 foreign workers, only 470 are working legally, while over 3,000 others are working illegally ...

With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...