Indonesia Bonding With Cambodia in Trade
Indonesia was involved in advanced talks in Cambodia during the late 1980s. Known as the Jakarta Informal Meeting, Indonesia was trying to help put an end to Vietnam’s invasion of Cambodia, in what some observers called the Third Indochina War (1978-91). Despite these close ties, ...
http://www.thejakartaglobe.com/business/indonesia-bonding-with-cambodia-in-trade/540441
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
On World Environment Day, a Call to Save Cambodia’s Forests
About 200 people celebrating World Environment Day on Wednesday gathered in front of the National Assembly to submit a petition asking the government to stop the destruction of Cambodia’s forests. A report released by the WWF last month said that Cambodia has lost almost a ...
http://www.cambodiadaily.com/news/on-world-environment-day-a-call-to-save-cambodias-forests-29329/
Profits dip for water authority
Second-quarter net profit for the exchange-listed Phnom Penh Water Supply Authority dropped nearly 26 per cent to $2 million from the same quarter a year ago, according to the most recent financial report released on October 11. Sim Sitha, the director-general of PPWSA, said the decrease ...
May Kunmakara
http://www.phnompenhpost.com/business/profits-dip-water-authority
Inflation Rate at 4.2% to October
Cambodia’s inflation rate increased by 4.2 percent in the 12-month period to October, with food prices accounting for more than half of the rate, according to data released Monday by the National Institute of Statistics. The monthly inflation rate grew from 3.4 percent in August to ...
Hul Reaksmey
http://www.cambodiadaily.com/business/inflation-rate-at-4-2-to-october-48977/
Cambodia’s rice under fire
Amid falling local production in Italy, officials there are calling on the European Union to scrap a preferential trade agreement that gives Cambodia’s rice exports duty-free advantages in the global market. According to a January 31 report from rice industry publication Oryza, members of the Italian ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-rice-under-fire
Wing, Foreign Trade Bank partner to offer prepaid Visa Cards
Mobile payment company Wing and the Foreign Trade Bank (FTB) of Cambodia on Monday announced they had joined forces to expand the bank’s already-existing prepaid Visa card network in an effort to make it easier for locals without bank accounts to have access to electronic ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/wing-foreign-trade-bank-partner-to-offer-prepaid-visa-cards-52487/
Smart acquisition paid off for Malaysian firm
Axiata, the Malaysia-based parent company of Cambodia’s second-largest telecommunications provider, Smart, posted a rise in total revenues for 2013 to $5.5 billion. The boost represents a 4.1 per cent increase from the fourth quarter of the previous year. Driven by its Malaysian, Bangladeshi and Cambodian operations, ...
Eddie Morton
http://www.phnompenhpost.com/business/smart-acquisition-paid-malaysian-firm
Cambodian exports to the US soar
Cambodia’s exports to the US were worth more than $5 billion last year, a sharp year-on-year increase. The latest data from the US trade office shows that Cambodian exports to the world’s largest economy skyrocketed last year, growing by 40 per cent to reach $5.36 billion. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodian-exports-us-soar
Cambodia reports $6.6M budget surplus in 11 months
The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...
Kang Sothear
https://www.khmertimeskh.com/501214805/cambodia-reports-6-6m-budget-surplus-in-11-months/
Tax collection rises 66% in H1
The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-collection-rises-66-h1
Economic zone gets CSX boost
Thailand-based JWD Infologistics Plc’s recent purchase of a 5.2 percent stake in the Phnom Penh Special Economic Zone Plc (PPSEZ), is expected to give a boost to the local company’s traded share value on the Cambodia Securities Exchange (CSX). ...
Sum Manet
http://www.khmertimeskh.com/news/26106/economic-zone-gets-csx-boost/
Government admits to issues in obtaining drug care
The government marked World Drug Day on Sunday by setting fire to almost 1.5 tons of confiscated drugs in a schoolyard in Phnom Penh. Officials conceded that efforts to curb usage were failing, pointing to a lack of public knowledge and participation. ...
Ouch Sony
https://www.cambodiadaily.com/news/government-admits-to-issues-in-obtaining-drug-care-114644/
Teachers push for higher wages, rural schools with books
Teachers are demanding that their salaries be raised to 1.5 million riel (about $270) per month next year, and are warning the government that if this does not happen, they will continue protesting “like a headache that will not go away.” ...
Chea Takihiro
http://www.khmertimeskh.com/news/16536/teachers-push-for-higher-wages--rural-schools-with-books/
Bad weather on the way, say officials
The Ministry of Water Resources and Meteorology issued a strong weather warning yesterday for coastal, plains and plateau areas, from yesterday to June 5, especially along coastal areas where the ocean swell is expected to reach one to two-and-a-half meters. ...
Mom Kunthear
http://www.khmertimeskh.com/news/25479/bad-weather-on-the-way--say-officials/
Gaming firm cashes out of NagaWorld deal
Pan-Asian gaming company Entertainment Gaming Asia Inc (EGA) will sell 670 of its electronic gaming machine (EGM) seats placed at NagaWorld casino in Phnom Penh to an unnamed Cambodian firm for $2.5 million, the Nasdaq-listed company announced on Wednesday. ...
Cam McGrath
http://www.phnompenhpost.com/business/gaming-firm-cashes-out-nagaworld-deal
Casinos pay $37.4M in tax during first 9 months
Tax revenue from Cambodia’s 69 licensed casinos reached $37.4 million for the first nine months of the year, growing 35.5 percent compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...
Post Staff
http://www.phnompenhpost.com/business/casinos-pay-374m-tax-during-first-9-months
Hopes stay sunny for yearly tourist draw numbers
Foreign tourist arrivals to the Kingdom have gone up during the first nine months of this year, reaching roughly 3.9 million to represent a year-on-year increase of 11.5 percent, according to data released by the Ministry of Tourism yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/hopes-stay-sunny-yearly-tourist-draw-numbers
Agreement signed to protect Prey Lang forest
The Environment Ministry, partner organisations and a Japanese company expect that implementation of a $1.5 million forest conservation project for three years will help prevent forest crime, biodiversity loss and improve the livelihoods of community members in the Prey Lang Wildlife Sanctuary. ...
Pech Sotheary
http://www.khmertimeskh.com/50112028/agreement-signed-protect-prey-lang-forest/
Man charged over smuggling Cocaine in keyboard
The Siem Reap Provincial Court on Saturday charged a Vietnamese man with possessing and transporting illegal drugs after he was arrested on Thursday at the Siem Reap International Airport with 5.25 kg of cocaine hidden inside a musical keyboard, a court official said Sunday. ...
Ouch Sony
https://www.cambodiadaily.com/news/man-charged-over-smuggling-cocaine-in-keyboard-82126/