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Cambodia Airports to incentivise Sihanoukville tourism

In a bid to increase tourist arrivals and promote Sihanoukville as a beach destination, Cambodia Airports, the private company that manages the Kingdom’s three international airports, announced yesterday that it will provide monetary incentives to airlines that bring in foreign visitors to the coastal city.Speaking ...

Sor Chandara
http://www.phnompenhpost.com/business/cambodia-airports-incentivise-sihanoukville-tourism

Cambodia’s rich currency heritage

These coins was found at excavation sites and archaeologists believe many more have yet to be uncovered, pointing to depictions of coins on objects from the Nokor Phnom era (also known as the Funan era), which dates back to the 1st century and is recognized ...

Riel Gains
http://www.khmertimeskh.com/news/36634/cambodia---s-rich-currency-heritage/

Việt Nam, Cambodia’s bilateral trade surged 30% in 2017

Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. Of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...

Viet Nam News
http://vietnamnews.vn/economy/422484/viet-nam-cambodias-bilateral-trade-surged-30-in-2017.html#q1s8ssWTMd4ceTep.97

Metro looks to Laos, Cambodia for heavy equipment sales

Metro Machinery, the biggest dealer of heavy construction equipment in Thailand, is looking over the borders to Laos and Cambodia, which are exploiting their abundant natural resources and racing to develop infrastructure. The company will on October 9 ink two deals worth Bt1.5 billion each – ...

http://www.nationmultimedia.com/business/Metro-looks-to-Laos-Cambodia-for-heavy-equipment-s-30190221.html

Flash Floods, Heavy Rains Expected in 14 Provinces This Week

The government warned residents of 14 provinces yesterday to take precautions against possible flash floods caused by heavy rain, while the homes of almost 1,000 families have already been flooded in Banteay Meanchey province. The Ministry of Water Resources and Meteorology issued a statement yesterday calling ...

Protests call for workers to be rehired

Nearly 100 workers held a strike inside Phnom Penh’s Conpress Holdings jeans factory yesterday to demand the company allow four fired workers to return to work. The Seak Meanchey district factory, which employs more than 1,000 workers, fired the four in August because they attempted to ...

http://www.phnompenhpost.com/index.php/2012092658907/National-news/protest-calls-for-workers-to-be-rehired.html

Cambodia to levy economic land concessions tax

Cambodian Prime Minister Hun Sen on Friday ordered investors in economic land concessions (ELC) to pay tax from the sixth year of their investment in a bid to speed up their agricultural production. The premier decided that investment companies receiving ELCs must pay the land tax ...

http://news.xinhuanet.com/english/world/2012-09/28/c_131880215.htm

Cambodia's garment export reaches 3.54 bln USD in 8 months, up 11%

Cambodia has exported garment and textile products in equivalent to 3.54 billion U.S. dollars in the first eight months of 2012, a 11 percent rise from 3.19 billion U.S. dollars at the same period last year, a report from the Commerce Ministry showed Friday According to ...

http://news.xinhuanet.com/english/business/2012-10/19/c_131916898.htm

Cambodia greets 333,900 Chinese tourists in 2012, up 35 pct

Cambodia attracted 333,900 Chinese tourists last year, a 35 percent rise compared with 247, 200 Chinese visitors in a year earlier, according to a report of the Ministry of Tourism on Tuesday. “We see a steady rise of Chinese tourists to Cambodia from year to ...

http://news.xinhuanet.com/english/travel/2013-02/12/c_132165732.htm

Police Detain Recruitment Agency Chief for Suspected Fraud

The director of a recruitment agency in Siem Reap will face fraud charges today at the provincial court for allegedly taking money from victims in exchange for promised jobs in the U.S., police said yesterday. Hong Bunhav, chief of research and investigations section of the Siem ...

Silk Air celebrates 20 years in Kingdom

Nagaworld Hotel was the venue for Monday night’s occasion, exactly 20 years after the very first Silk Air flight into Phnom Penh on October 1, 1992. The event came on the same evening as the launch of Tiger Airways’ service between Phnom Penh and Singapore ...

http://www.phnompenhpost.com/index.php/2012100359054/Business/silk-air-celebrates-20-years-in-cambodia.html

ADB ups support for region’s trade finance

The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between ...

http://www.phnompenhpost.com/index.php/2012111459715/Business/adb-ups-support-for-regions-trade-finance.html

Cambodia exposed to large fiscal risks from disasters

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...

http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm

Cambodian milled rice exports rise slightly

Cambodian milled rice exports to international markets grew only 2 per cent year-on-year, leading rice trading experts to express concern that the goal of exporting a million tonnes in 2015 cannot be accomplished. Hean Vanhorn, deputy director general of the Ministry of Agriculture and director of ...

http://www.phnompenhpost.com/2013010360602/Business/cambodian-milled-rice-exports-rise-slightly.html

Naga Corp Reports 23 Percent Profit Growth

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/

Lawmakers to Discuss Sesan 2 Dam Draft Law

The National Assembly has announced that it will discuss a draft law on the financing of a controversial dam project in Stung Treng province on February 15, a move environmental groups called premature. Meach Mean, coordinator for 3S Rivers Protection Network – which has been ...

http://www.cambodiadaily.com

Slight fall in food price index

Global food prices fell 1 per cent or two points in the October 2012 Food and Agriculture Organisation’s (FAO) Food Price Index released on October 7, 2012. The index averaged 213 points, compared to September’s revised level of 215 points. According to the FAO, the decrease ...

http://www.phnompenhpost.com/index.php/2012110959664/Business/slight-fall-in-food-price-index.html

Cambodia acquits ex-governor of shooting at protesting factory workers

A former Cambodian governor accused of shooting three garment workers during a labour protest was acquitted in a ruling that prompted outrage Wednesday from rights groups who say it highlights the impunity surrounding the country’s political elite. Former official Chhouk Bandith was governor of Bavet town, ...

http://www.calgaryherald.com/news/Cambodia+acquits+exgovernor+shooting+protesting+factory/7719189/story.html

Equipment Seized From Plantation at Center of UK Fraud Probe

Forestry Administration officials have seized equipment valued at $1.5 million from a Banteay Meanchey province biofuel plantation, which is being investigated for fraud in the UK, company and forestry officials said yesterday. Sustainable Agro Energy’s assets were frozen in February and investigators at the U.K.’s ...

Men Sarun to export canned noodles to the US and ASEAN

The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ...

http://www.phnompenhpost.com/index.php/2012071657432/Business/men-sarun-to-export-canned-noodles-to-the-us-and-asean.html

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