Slow bounce for rubber price
Rubber prices are predicted to increase gradually as suppliers in the main producing countries restrict their stock for export to let the price recover after a long decline. ...
Sum Manet
http://www.khmertimeskh.com/news/37172/slow-bounce-for-rubber-price/
Oil price rises to severely impact businesses
High global oil prices, which have seen petrol pump prices in Cambodia rise about 10 per cent since August 1, could “severely” affect the transport sector and push up the cost of production, industry players said. ...
Hin Pisei
https://www.phnompenhpost.com/business/oil-price-rises-severely-impact-businesses
Industrial development plan to boost economy is ‘90%’ on track
An ambitous 10-year plan to boost the country’s industrial development is “90 percent” on track and has earned the approval of Prime Minister Hun Sen, government representatives said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-development-plan-boost-economy-90-track
Phase two of stadium for 2023 SEA Games commences
On Tuesday, two more buildings in the series of buildings in the Morodok Techo National Sports Complex commenced construction at a groundbreaking ceremony presided over by Prime Minister Hun Sen. ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/phase-two-stadium-2023-sea-games-commences
EGA posts drop in Q3 gaming revenue
Entertainment Gaming Asia (EGA), a subsidiary of Macau-based Gaming giant Melco, posted year-on-year losses at the end of the third quarter on the back of poor player numbers at the company’s NagaWorld operations. ...
Eddie Morton
http://phnompenhpost.com/business/ega-posts-drop-q3-gaming-revenue
Viet Nam reiterates support for Cambodia’s ASEAN Chairmanship and hosting of SEA Games 2023
Viet Nam is ready to help Cambodia successfully organize the 40th and 41st ASEAN Summit and related meetings in November as well as the 32nd SEA Games in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501147234/viet-nam-reiterates-support-for-cambodias-asean-chairmanship-and-hosting-of-sea-games-2023/
Retail fuel rates hiked for fourth straight period
The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more ...
Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-hiked-fourth-straight-period
FAO says Cambodian wholesale rice prices stable or higher last month
Wholesale rice prices in Cambodia were stable or rising last month despite surges in Thailand and Vietnam, the Food and Agricultural Organization of the United Nations (FAO) said Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363731/fao-says-cambodian-wholesale-rice-prices-stable-or-higher-last-month/
Junket investor’s profit falls but sticking to its Cambodia bets
Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...
Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets
Donaco dumps its new junket operator
Donaco International Ltd has terminated its junket deal with Macau VIP gaming promoter Heng Sheng Group, saying the arrangement proved too restrictive for the marketing of its flagship Star Vegas Resort and Club in Poipet. ...
Cam McGrath
http://www.phnompenhpost.com/business/donaco-dumps-its-new-junket-operator
$30B casino, theme park project mooted
MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...
Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted
Lottery hopes to soar on Wing network
Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network
Immigration Dept says 400,000 Chinese have left because of online gambling ban
The General Department of Immigration yesterday reported hundreds of thousands of Chinese nationals left the country after Prime Minister Hun Sen in August issued a directive banning all online and arcade gambling operations. ...
Ben Sokhean
https://www.khmertimeskh.com/50675447/gdi-attributes-mass-departure-to-online-gambling-ban
Poipet fire kills 26 and injures 57
The blaze that tore through a Poipet casino has killed 26 people and injured 57, with most of the victims Thai, Banteay Meanchey Provincial Governor Oum Reatrey said. ...
Chhorn Raksmey
https://kiripost.com/stories/poipet-fire-kills-26-and-injures-57
International rice prices up 21 percent in 2023
International rice prices climbed 21 percent last year amid climate concerns and the fallout from Indian export curbs, the Food and Agriculture Organization of the United Nations says. ...
Khmer Times Staff
https://www.khmertimeskh.com/501418883/international-rice-prices-up-21-percent-in-2023/
Cambodian Women’s basketball team makes winning move on first day at 4th Asian Para Games
The Cambodian women’s basketball team defeated the Lao team with a score of 65-35 in the opening round of the 4th Asian Para Games at the Hangzhou Olympic Sports Centre Gymnasium, Hangzhou, People’s Republic of China, on Oct. 19. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379448/cambodian-womens-basketball-team-makes-winning-move-on-first-day-at-4th-asian-para-games/
Casino owner’s woes persist
The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the Gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...
Eddie Morton
http://www.phnompenhpost.com/business/casino-owner%E2%80%99s-woes-persist
Kingdom’s petrol prices up 20%
Cambodia’s retail petrol price has increased more than 20 per cent during the first four months of this year due to rising costs on the international market, the monthly oil prices set by the Ministry of Commerce reveal. According to the price lists, which have ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-petrol-prices-20
Chosen by angel for bumper crop, banana prices rise for new year
Khmer New Year could bring a fruitful financial harvest for sellers of bananas—this year’s divinely selected crop—but some vendors say their sales have not yet ripened.Bananas were selected as this year’s official product by the angel Kemera Devi, who brings in the new year, so ...
Chhorn Phearun And Danielle Keeton-olsen
https://www.cambodiadaily.com/news/chosen-by-angel-for-bumper-crop-banana-prices-rise-for-new-year-127962/
Kingdom’s fuel prices fixed despite US-Iran row
Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday. However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-fuel-prices-fixed-despite-us-iran-row