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NagaCorp sits out South Korean casino offering

NagaCorp, the Hong Kong stock exchange-listed parent company of NagaWorld, is not bidding for a South Korean casino permit, the company said in a filing to the exchange. ...

Post Staff
http://www.phnompenhpost.com/business/nagacorp-sits-out-south-korean-casino-offering

PM requests additional $10 million from South Korea

Prime Minister Hun Sen asked his South Korean counterpart, President Park Geun Hye, to grant an additional $10 million yesterday for the second stage of the National Road 21 construction in Kandal province’s Saang district. ...

Taing Vida
http://www.khmertimeskh.com/news/23300/pm-requests-additional--10-million-from-south-korea/

South Korea seeking more migrant workers in ’16

The number of migrant workers who will travel to South Korea this year will nearly double compared with last year, according to the Labour Ministry. ...

Kong Meta
http://www.phnompenhpost.com/national/south-korea-seeking-more-migrant-workers-16

South Korean consul to open in Siem Reap

A South Korean consul will open in Siem Reap by May to provide services for Korean citizens visiting Cambodia and for those wishing to visit South Korea. Siem Reap is home to the ancient temples of Angkor and large numbers of South Koreans visit the city ...

Chea Vannak
http://www.khmertimeskh.com/news/23535/south-korean-consul-to-open-in-siem-reap/

South Korean cargo line aims to double shipments

The volume of goods shipped has grown steadily in the three months since South Korean sea shipping line Hyundai Merchant Marine began calling at Sihanoukville port, and cargo sizes are expected to double in the coming month, a local company representative said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/south-korean-cargo-line-aims-double-shipments

South Korea to strengthen its ties with kingdom

Foreign Minister Hor Namhong met with South Korean Vice Foreign Affairs Minister Kim Hyoung-zhin at the ministry yesterday morning to discuss bilateral relations between the two countries, as well as a host of regional issues, according to ministry spokesman Cham Sounry. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/23481/south-korea-to-strengthen-its-ties-with-kingdom/

South Korea envoy defended as graft probe continues

A relative of Cambodia’s ambassador to South Korea, who was detained on Monday amid a corruption probe, yesterday claimed the envoy was innocent, as the Anti-Corruption Unit reportedly prepared to send the case to court.   ...

Mech Dara
http://www.phnompenhpost.com/national/south-korea-envoy-defended-graft-probe-continues

Education official out after arrest in South Korea

A senior Education Ministry official, arrested for sexually harassing an interpreter while representing the government at an international conference in South Korea, has had his post terminated, the ministry announced yesterday. ...

Lay Samean
http://www.phnompenhpost.com/national/education-official-out-after-arrest-south-korea

South Korea to double Cambodian migrant worker permits

The South Korean government will double the number of Cambodian migrant workers who are granted permits to take up employment in the country’s manufacturing, construction and agriculture sectors each year, officials said on Monday. ...

Khuon Narim
https://www.cambodiadaily.com/news/south-korea-to-double-cambodian-migrant-worker-permits-78099/

New bus links plan between far South, Malaysia

The Transport Ministry is speeding up work on a joint plan for bus services that would link the far South and Malaysia to meet the needs of commuters between the two countries. Thailand also plans to hold talks with Cambodian authorities this month over increasing ...

Amornrat Mahitthirook
http://www.bangkokpost.com/news/general/491558/bus-scheme-seeks-more-malaysia-links

Workers at South Korean firm strike over demotions

More than 40 employees at a South Korean firm in Phnom Penh continued a two-week-old strike Tuesday over their demotions earlier in the month and have started to protest, the workers and company said. ...

Ben Sokhean
https://www.cambodiadaily.com/business/workers-at-south-korean-firm-strike-over-demotions-82347/

Overloaded vehicles at issue

Overloaded vehicles are contributing to a more rapid than anticipated deterioriation of Cambodia’s road network, experts said yesterday The ADB has funded an axle-load control programme as part of a US$1 million technical package to support government rehabilitation of about 150 kilometers of the Kingdom’s roads. ...

http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html

Riverside Site Not Ours, Says Vattanac

Vattanac Properties Ltd’s president has denied ownership of a building site where construction has damaged the surrounding block of historic French Colonial era buildings. Chhung Leang who is also a cofounder of Vattanac Bank has said that the site is owned by an individual but ...

FDI soars 250% over last year

Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. A total of 87 projects worth US$5.6 billion were approved by the Council for the Development of Cambodia during the ...

http://www.phnompenhpost.com/index.php/2011101352107/Business/fdi-soars-250-over-last-year.html

Three special economic zones gaining steam

Five years after the government established the country’s special economic zones (SEZs), the Phnom Penh SEZ, Sihanoukville II SEZ, and Manhattan SEZ in Svay Rieng province are at last starting to attract more business. According to data from the Council for the Development of Cambodia (CDC), ...

Dene-Hern Chen, p.25

Export figures up 42% in 2011

Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...

Power Grid Key to Development

According to the Asian Development Bank (ADB) the regional and national power grids are key to development, though plans for their development have come under criticism by a number of NGOs who believe that power generation should be decentralized. The ADB’s Greater Mekong Subregion program ...

Letter reveals minister's ire with NGOs

Prime Minister Hun Sen received a proposal from Finance Minister Keat Chhon in June seeking to bar “foreign NGOs” from advocacy work in Cambodia, as well as preventing foreigners from working with local advocacy groups because of activism around the rehabilitation of the nation’s railway, ...

MFI opens with $50m loan package

Sonatra Microfinance Institution, a joint investment between local and foreign investors, officially started operations in Cambodia yesterday. A US$50 million loan package was signed during the ceremony on Thursday, providing Singapore-based EastWing Group and Japanese firm Grand Cooperation with a 30 per cent stake of the ...

http://www.phnompenhpost.com

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