Gaming Company Announces Casino in Poipet
Entertainment Gaming Asia Inc. (EGA), announced Monday that it will break ground Thursday on a new $7.5 million Slot Hall casino in Poipet province along the Thai border, EGA said in a statement. The casino will open by the end of the year with 300 gaming ...
Pailin casino Dreamworld opens May 9
Entertainment Gaming Asia, an American Stock Exchange-listed company with a regional presence in both Cambodia and the Philippines, will launch its Dreamworld Casino in Pailin province on Wednesday, according to a company statement. ...
NagaWorld posts $136M profit
On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit
Land grabs often driven by investors seeking land, Global Witness says
Global Witness says Cambodia’s ongoing land crisis is part of a larger Global trend, one driven by economics and resource shortages. ...
Phorn Bopha
http://www.voacambodia.com/content/land-grabs-often-driven-by-investors-seeking-land-global-witness-says/3073371.html
Report slams push for rubber
Protected areas and other biodiversity hotspots across Southeast Asia are increasingly under threat from expanding rubber plantations, with Cambodia at risk of losing more ecologically important land than any of its neighbours, a recent study reports. ...
Charles Rollet
http://www.phnompenhpost.com/national/report-slams-push-rubber
Cambodian PM warns of global food crisis in 2023
Prime Minister Hun Sen and Chair of ASEAN for 2022, has expressed his concern over the global food crisis next year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501082465/cambodian-pm-warns-of-global-food-crisis-in-2023/
Pollution and climate change upsurge the risk of ‘climate penalty’
A rise in the frequency, intensity and duration of heatwaves will not only increase wildfires this century but also worsen air quality – harming human health and ecosystems, according to a new report from the World Meteorological Organization (WMO) launched on Wednesday, the International Day ...
Khmer Times Staff
https://www.khmertimeskh.com/501148059/pollution-and-climate-change-upsurge-the-risk-of-climate-penalty/
Environmentalist to be honoured in New York
The Goldman Environmental Prize winner Ouch Leng, president of the Cambodian Human Rights Task Force, has been awarded the Asia Game Changer Award for 2017 from the Asia Society. Mr Leng will go to collect the award in New York on November 1 with eight ...
Mom Sophon
http://www.khmertimeskh.com/5088344/environmentalist-honoured-new-york/
Belt and Road projects yield fruits, forge ahead amid pandemic in Asia-Pacific, especially Cambodia
The China-funded 60,000-seat Morodok Techo National Stadium, built in Cambodian capital Phnom Penh, was handed over to Cambodia in September. The country is now ready to host the Southeast Asian Games in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/50993676/belt-and-road-projects-yield-fruits-forge-ahead-amid-pandemic-in-asia-pacific-especially-cambodia/
Global Witness calls on the US to sanction tycoons
Global Witness has called on the United States to impose sanctions against four Cambodian tycoons for their alleged roles in the demise of Cambodian democracy and for human rights abuses. Its allegations, in a report on Friday, were brushed off by a ruling CPP spokesman ...
Khuon Narim
https://www.khmertimeskh.com/50514516/global-witness-calls-on-the-us-to-sanction-tycoons/
Bangladesh ranks 125th out of 132 countries in GEI 2016
Bangladesh ranked 125th out of 132 countries on the Global Entrepreneurship Index (GEI) for 2016, five places up from last year. However, there is a great internal variance within the region: Australia’s Attitude score stands at 75.2, whereas Cambodia’s 10.6, which is the lowest in ...
Kayes Sohel
http://www.dhakatribune.com/business/2015/nov/15/bangladesh-ranks-125th-out-132-countries-gei-2016
The Kingdom’s biggest dirty little trade secret
More than $15 billion exited Cambodia in illicit capital flows over the past decade, stripping the economy of money that could have been used for development, a new report showsA staggering amount of money was funnelled out of Cambodia in shady transactions over the past ...
Cam McGrath
http://www.phnompenhpost.com/business/kingdoms-biggest-dirty-little-trade-secret
Timber smuggling on the rise in Cambodia's Ratanakiri province
The smuggling of illegally cut timber from northeastern Cambodia’s Ratanakiri province to Vietnam has dramatically increased since around April 17, with smugglers traveling the roads between the two countries day and night, sources in the region say. ...
RFA Team
http://www.rfa.org/english/news/cambodia/timber-04262016170028.html
Inside the Hun family's business empire
Cambodian Prime Minister Hun Sen’s family has amassed a “vast fortune”, with stakes in at least 114 domestic companies spanning most of the Kingdom’s key sectors, including major energy, telecoms, mining and trading firms, according to an investigation by Global Witness, which accuses the Hun ...
Shaun Turton and Phak Seangly
http://www.phnompenhpost.com/national/inside-hun-familys-business-empire
$400m solar project launched
Global Purify Power (GPP), a joint venture behind $400 million worth of solar powered projects, started groundbreaking work on Friday with more than $10 million worth of investment in Kampong Speu province. ...
May Kunmakara
http://www.khmertimeskh.com/5082184/400m-solar-project-launched/
Garment sector’s lackluster results
Cambodia’s garment exports grew slower than expected by about 4 percent in the first half of the year compared with 9 percent in the same period last year while foreign investment in the sector fell by 30 percent, according to a report released by the ...
Sok Chan and Sum Manet
http://www.khmertimeskh.com/5074380/garment-sectors-lackluster-results/
Cambodia ranked 13th in Asia-Pacific Region on the 2023 Global Peace Index
Cambodia was ranked 13th in terms of peacefulness in the Asia-Pacific Region, and 73rd among 163 countries around the world, according to the 2023 Global Peace Index released yesterday by the Sydney-based Institute for Economics and Peace (IEP). ...
Khmer Times Staff
https://www.khmertimeskh.com/501320575/cambodia-ranked-13th-in-asia-pacific-region-on-the-2023-global-peace-index/
How Cambodia can achieve export diversification
Over the past decade, Cambodia has progressed in integrating into the global trade network and diversifying its exports beyond traditional products such as garments and textiles. Amid the changing global trade landscape, the country faces challenges such as trade disruptions and intensified competition. It is now ...
Khmer Times Staff
https://www.khmertimeskh.com/501575865/how-cambodia-can-achieve-export-diversification-2/
Olympic bid ends with Sorn Seavmey loss
Hopes of Cambodia’s first-ever Olympic medal crumbled on Saturday evening as taekwondo star Sorn Seavmey was comfortably beaten by Reshmie Oogink of the Netherlands. ...
Ouch Sony
https://www.cambodiadaily.com/news/olympic-bid-ends-sorn-seavmey-loss-116980/
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