Donaco in negotiations to buy Cambodian casino business
Donaco International Ltd has signed an exclusive term sheet to acquire “a significant gaming and hospitality business in Cambodia”, the company said. It did not provide further details on the acquisition target. ...
GGRAsia News Staff
http://www.ggrasia.com/donaco-in-negotiations-to-buy-cambodian-casino-business/
Tourism Authority of Thailand and Thai Air Asia target Cambodians for medical tourism
The Tourism Authority of Thailand (TAT) and Thai Air Asia have teamed up to attract up to 1,000 package tours of medical and wellness segments from Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501053629/tourism-authority-of-thailand-and-thai-air-asia-target-cambodians-for-medical-tourism/
Congressional Hearing in US Pushes Cut to Cambodian Aid
At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcommittee ...
http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/
New Ranariddh party approved
Prince Norodom Ranariddh is officially back in the political game. The Ministry of Interior has approved the former prime minister’s Community of Royalist People’s Party (CRPP), Ranariddh’s cabinet chief, Noranarith Anandayath, said yesterday. ...
Vong Sokheng
http://www.phnompenhpost.com/national/new-ranariddh-party-approved
Cambodia looks to ignite female sports culture
Ahead of hosting the SEA Games the country’s Olympic Committee leader is trying to develop more elite female athletes. This means vaulting a culture barrier that currently keeps many parents from allowing their daughters to play sports. ...
Kristi Eaton
http://womensenews.org/story/athleticssports/150213/cambodia-looks-ignite-female-sports-culture
Growing Tourism – A Positive Sign: Asia and Pacific Continue as Travel Hot Spots
Asia and the Pacific continued as a hot spot for international tourism in 2012, attracting what is expected to be in excess of 350 million international visitor arrivals, expanding its collective inbound count by more than 5% and generating more than 18 million additional foreign visits, year-on-year. Within this ...
Asia-Pacific region needs to join force to fight against corruption: Cambodian PM
Cambodian Prime Minister Hun Sen said Wednesday that countries and economies in Asia and the Pacific region needed to work together to fight against corruption. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-09/03/c_133617623.htm
Floods, storms and heat projected to cost SE Asia $34 bln per year
Falling crop yields, damage to infrastructure and heat-related illnesses brought on by climate change could cost the four Southeast Asian countries of the lower Mekong River basin $34 billion per year, researchers say. A report released on Monday found that climate change could cost Cambodia, ...
Alisa Tang
http://in.reuters.com/article/2015/02/23/climatechange-southeast-asia-idINKBN0LR1A920150223
Social Enterprises in Cabodia
Cambodia’s economic growth has been on the rise following the global downturn on 2008-2009 and experts say that the private sector is largely responsible for that growth. However, those same experts also acknowledge that the profits generated by companies operating in Cambodia aren’t trickling down ...
Pentagon chief to visit Australia, Thailand and Cambodia
US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...
Mega-bank joins forces with Canadia
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom. The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager ...
http://www.phnompenhpost.com/2013030161679/Business/mega-bank-joins-forces-with-canadia.html
Laos, Cambodia eye a single-visa policy
Laos is considering a single-visa scheme with its neighbours Thailand and Cambodia to promote balanced development in the subregion, officials said. The Lao government will hold talks with Cambodia, possibly at the end of this month, to learn from Phnom Penh’s experience in this matter, a ...
http://www.phnompenhpost.com/2013032264622/Business/laos-cambodia-eye-a-single-visa-policy.html
Cambodia Angkor Air plans network and fleet expansion ahead of PAL-backed Cambodia Airlines launch
Cambodia Angkor Air is planning rapid fleet and network expansion as competition intensifies in the Cambodian market. The Cambodian flag carrier is expected to more than double its fleet by the end of 2015 and launch services to several new markets, including mainland China, Hong ...
All quiet in Siem Reap for houses and land
Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...
http://www.phnompenhpost.com/real-estate/all-quiet-siem-reap-houses-and-land
Maids still missing as deal with Malaysia nears
When Ros Srey Pich was 19, she signed a contract with a recruitment agency that would send her to work as a maid in Malaysia. The recruitment agency, Job Asia, had sourced the teenager from what is now Tbong Khmum province, telling her poor family that ...
Phorn Bopha and Matt Blomberg
http://www.cambodiadaily.com/news/maids-still-missing-as-deal-with-malaysia-nears-60302/
Cambodia's mangroves under threat
Cambodia’s vital southern mangrove systems are choking as rising sea levels, agitated by climate change, inundate them with sand, while sand dredging sucks them dry of sediment, a study by the International Union for the Conservation of Nature (IUCN) has found. Stressed by a host of ...
http://www.phnompenhpost.com/index.php/2012120560112/National-news/mangroves-threatened.html
Cambodia revising gambling laws to attract investment
The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...
GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/
NagaWorld sees revenue jump 42% in first half
Cambodia’s largest casino NagaWorld’s gross gaming revenue (GGR) grew for the first semester this year by 42 per cent to $255.4 million, compared to the $180.3 million reported for the same period in 2014. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/nagaworld-sees-revenue-jump-42-first-half
Scepticism over government statistics
Getting reliable statistical data remains a challenge for Cambodia’s government, as a lack of cooporation among the ministries and corruption still distort what is reality. Industry insiders say this is a problem, especially as reliable data are the base of reference when the Association of Southeast ...
http://www.phnompenhpost.com/2013052165728/Business/scepticism-over-government-statistics.html
Wife of Pailin Governor Reaps Benefits From Casino Deal
Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...
Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/