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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/

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 ...

http://www.cambizreview.com

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 ...

http://www.etmcambodia.com/

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 ...

http://www.google.com/hostednews/afp/article/ALeqM5jWNJePpRnywta8lKXUxKrxoOiPuQ?docId=CNG.ee28c0fdd8290a529972ce7a15db18ac.5b1

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 ...

http://centreforaviation.com/analysis/cambodia-angkor-air-plans-network-and-fleet-expansion-ahead-of-pal-backed-cambodia-airlines-launch-107675

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/

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