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NagaWorld Profits Double to $98 Million

NagaCorp, which owns Phnom Penh’s only licensed casino, announced on Wednesday that net profits at the company had more than doubled in 2011 and that plans are in store to expand its operations in the country. Financial Results filed with the Hong Kong stock Exchange ...

Police Detain Three Mobile Phone Promoters

Enforcing a new ban against hanging posters and distributing promotional leaflets in Phnom Penh, police detained three Smart Mobile promoters while they were distributing flyers ahead of a music concert Tuesday, a company representative said. Boeng Trabek commune police chief Nheng Samoeun said that he ...

Loran owners resolve dispute, end lawsuits

Disputes between owners at prominent rice miller Loran Import Export Company have been resolved, with Chief Executive Officer Lim Bunheng set to buy the stake held by prominent media personality Soy Sopheap and his associates, company Officials said yesterday. “We have agreed to end all disputes ...

http://www.phnompenhpost.com/index.php/2011072950713/Business/loran-owners-resolve-disputes-end-lawsuits.html

Mekong environment ministers talk on sustainable economic development

Cambodia on July 28th hosted the 3rd Greater Mekong Sub- Region Environment Ministers to look forward to sustainable economic development in the region and to talk about current projects to reduce harm for regions and also to minimize several environmental challenges affecting natural resources, forest and ...

(Khem Sovannara and Chhorng Long Heng, p 7)
http://thesoutheastasiaweekly.com/?p=1289

Japanese Bank and Cambodian MFI Join Forces

Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...

http://www.etmcambodia.com/

Flood challenges still loom

The floodwaters may have receded, but their effects are far from over, with the government, NGOs and international donors saying yesterday they are still assessing the damage as they shift to long-term rehabilitation. Last November, Minister of Economy and Finance Keat Chhon said the government would ...

http://www.phnompenhpost.com/index.php/2012012754194/National-news/flood-challenges-still-loom.html

Bavet Governor Summoned Over Shooting

The Svay Rieng Provincial Court yesterday summoned Bavet city governor Chhuk Bundith for questioning over his alleged role in the shooting of three female garment workers at a special economic zone (SEZ) in the province two weeks ago, court officials said. Human rights groups continued ...

Ambassador Reiterates S China Sea Stance

Chinese Ambassador Pan Guangxue yesterday said that China opposes the contentious issue of the South China Sea being discussed by countries that are not directly involved in the regional maritime dispute. Speaking at a news conference at the Chinese Embassy to discuss Chinese President Hu Jintao’s ...

Donors Face Mounting Pressure Over Rail Project

A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...

Fifteen years' jail for construction deaths under new law

King Norodom Sihamoni has signed off on a new law that will see unlicensed construction company officials punished with a maximum of 15 years in prison if a worker is to die due to negligence. ...

Long Kimmarita
https://www.phnompenhpost.com/national/fifteen-years-jail-construction-deaths-under-new-law

Gov’t creates new forestry crimes task force

Prime Minister Hun Sen on Friday announced the creation of a committee tasked with putting an end to the rampant illegal logging and cross-border timber smug­­gling taking place in the country’s northeast.   លោកនាយករដ្ឋម ន្រ្តីហ៊ុនសែន នៅថ្ងៃសុក្រនេះ បានប្រកាស ការបង្កើតនៃ គណៈកម្មាធិ ការបញ្ចប់ ការកាប់ឈើខុសច្បាប់ ទោរទន់ រត់ពន្ធ និងជាកន្លែង ទទួលយក ឈើ ...

Khy Sovuthy
https://www.cambodiadaily.com/news/govt-creates-new-forestry-crimes-task-force-105629/

NagaCorp casino 2016 profits show modest growth

Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...

Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth

Firm asked to pay fine for illegally mining in K Speu

Kampong Speu provincial authorities will once again allow Sok Chanly Co Ltd to mine marble in Oral district’s Trapaing Chor commune if the company pays a fine of 50 million riel ($12,500) after the authorities earlier detained five individuals who were caught mining without a ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/firm-asked-pay-fine-illegally-mining-k-speu

Government contract officials to get $5 raise in wages next month

The government has issued a sub-decree to increase the monthly salary of government contract officials from $162.5 to $167.5 starting next month. The sub-decree, signed by Prime Minister Hun Sen on December 4, said the government has decided to increase the salary by $5 for the ...

Khy Sovuthy
https://www.khmertimeskh.com/667608/government-contract-officials-to-get-5-raise-in-wages-next-month/

Wildlife sanctuary redesignated

The government had designated the Western Siem Pang Wildlife Sanctuary and Siem Pang Wildlife Sanctuary as one protected area, which is officially named as “Siem Pang Wildlife Sanctuary”. The newly designated area of 133,707.73ha spans across Santepheap, Thma Keo and Prek Meas communes in stung Treng ...

Voun Dara
https://www.phnompenhpost.com/national/wildlife-sanctuary-redesignated

Government to nominate national parks for heritage list

The government will nominate a national park and a bird sanctuary into the Asean Heritage list next year as they are abundant with biodiversity and wildlife, according to environment ministry officials.​​ Srun Darith, a secretary of state at the Environment Ministry, said the ministry is ...

Sun Mesa
https://www.khmertimeskh.com/50666782/government-to-nominate-national-parks-for-heritage-list/

Trafficking convictions upheld

Five brokers saw their convictions upheld yesterday at Phnom Penh’s Court of Appeal for trafficking 20 Cambodian nationals into Thailand, but legal experts say such convictions for trafficking in Cambodia are still far too rare. While Judge Chan Madyna upheld the men’s 2010 convictions, he shaved ...

http://www.phnompenhpost.com/index.php/2012083158402/National-news/trafficking-convictions-upheld.html

Senate Approves Law Allowing Cambodians to Work in Qatar

The Senate yesterday approved a law making way for Cambodians to travel to Qatar for work, an official said. The 52 senators present passed the law unanimously and without amendments, said Oum Sarith, Senate cabinet chief. The agreement lets Cambodians work in the oil-rich emirate’s service ...

Nakorn plans to invest $30mln in hotel in Phnom Penh

Pharmaceutical giant Thai Nakorn Patana plans to invest $30 million over the next two years in a three- to four-star hotel in Phnom Penh, as it hopes to cash in on the lack of big names in the capital’s mid-tier hotels market. For the new 200-room ...

http://www.phnompenhpost.com/2013021861426/Business/nakorn-plans-to-invest-30mln-in-hotel-in-phnom-penh.html

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