NagaWorld’s profits soar in 2017
Phnom Penh’s NagaWorld casino posted a massive increase in profits and revenue driven by strong growth in high-value guests last year, with the amount of money gambled by VIPs at the capital’s only casino exceeding Cambodia’s gross domestic product for 2016. ...
Brendan O’Byrne
http://www.phnompenhpost.com/business/nagaworlds-profits-soar-2017
China to provide security equipment ahead of major events
The Chinese government will help Cambodia by providing security equipment and experience ahead of two international events to be held in the Kingdom in 2020 and 2023. ...
Ben Sokhean
https://www.khmertimeskh.com/50641756/china-to-provide-security-equipment-ahead-of-major-events/
Nagacorp casino profits swell to $173M
Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...
Cam McGrath
http://www.phnompenhpost.com/business/nagacorp-casino-profits-swell-173m
Cambodia to host 6th Asian Youth Para Games in 2029
Cambodia will host the 6th Asian Youth Para Games, following the 5th Asian Youth Games in 2029, according to a press release of the National Paralympic Committee of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501422596/cambodia-to-host-6th-asian-youth-para-games-in-2029/
Poipet Casino Dragging Feet on Promise
A casino in Poipet that pays wages only in Thai baht is yet to fulfil its promise to improve conditions for its 500 workers, a union representative said yesterday. Workers are still working 12-hour days – often without a break – at the Tropicana Casino, one ...
Inflation Falls on Lower Gas, Food Prices
Consumer prices in Phnom Penh grew just 1.8 percent year-on-year in the month of June, the lowest increase in almost two years, as food and gas prices remained stable, according to figures released yesterday by the Ministry of Planning. In its monthly inflation report, the ministry ...
Water Supply Shares Fall Below Launch Price
The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...
Fuel prices to inch up today on revised caps
The government issued its first scheduled recalculation of the fuel-pricing mechanism it rolled out on March 15, increasing the price cap on gasoline by 100 riel. ...
Post Staff
http://www.phnompenhpost.com/business/fuel-prices-inch-today-revised-caps
Petrol prices trimmed as fuel caps are revised
The Ministry of Commerce yesterday announced it was lowering the price ceiling on gasoline sold at retail petrol stations across the Kingdom between July 12 and 21 after the latest scheduled recalculation of fuel caps. ...
Post Staff
http://www.phnompenhpost.com/business/petrol-prices-trimmed-fuel-caps-are-revised
Increasing domestic agriculture key to preventing food inflation
Despite food prices in Cambodia slightly decreasing in September compared to the previous month, some food products will remain expensive in the long-run, which impacts Cambodian food supplies and livelihoods. To save Cambodia from food inflation, the Kingdom needs to boost more local agricultural productions, ...
Meas Molika
https://kiripost.com/stories/cambodia-food-inflation
Red corn ‘vital’ agro product: official
Yang Saing Koma, a secretary of state for the Ministry of Agriculture, Forestry and Fisheries, highlighted the significance of red corn as a vital agricultural product. ...
Van Socheata
https://www.phnompenhpost.com/business/red-corn-vital-agro-product-official
Red corn production soars to 1.7M tonnes, MAFF says
The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. ...
Mom Kunthear
https://www.khmertimeskh.com/501505078/red-corn-production-soars-to-1-7m-tonnes-maff-says/
Consumer price index climbs on food and fuel
Cambodia’s consumer price index (CPI) increased slightly year-on-year in July by 1.3 per cent, which was driven by increased food and fuel prices, according official data from the National Institute of Statistics (NIS). “The increase for all index groups was 1.3 per cent of inflation in July 2012 ...
Poipet project: Gaming firm starts build on slot hall
Entertainment Gaming Asia Inc, which today will launch its Dreamworld Casino in Pailin, also will break ground on a slot hall project in Poipet, near the Thai border, on Thursday, according to a company statement. ...
Cambodia celebrates success in first-time hosting of SEA Games
Cambodia on Friday celebrated its success in hosting Southeast Asian (SEA) Games for the first time, saying that the biennial multi-sport event has given a boost to the country’s sports, tourism and economy. ...
Khmer Times Staff
https://www.khmertimeskh.com/501394357/cambodia-celebrates-success-in-first-time-hosting-of-sea-games/
Slow outlook for 2012 rice exports
Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...
Mfone’s pricing plan draws controversy
The launch of Mfone’s new unlimited calling plan has drawn criticism from the Ministry of Post and Telecommunications. It is said that the price scheme contravenes Cambodia’s minimum pricing rules introduce in 2009. Hello, another mobile phone provider, has already introduced an unlimited calling plan ...
Cambodian Rice Exports Fall Short of Government Hopes
Cambodia’s rice exports in 2012 may fall significantly compared to last year, due to high fuel prices, soaring logistics costs and high prices. According to local sources, Cambodian rice shipments to Europe this month are at a $200 markup per container over those from Thailand and ...
Local fuel prices fall 10% amid global downticks
International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, in a downward trend likely to be fuelled by cooperation between the trio of countries on reducing the pressure of the oil price crisis, economists have ...
Hom Phanet
https://www.phnompenhpost.com/business/local-fuel-prices-fall-10-amid-global-downticks
Naga CEO Lip Keong seeking majority stake
Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...
Post Staff
http://www.phnompenhpost.com/business/naga-ceo-lip-keong-seeking-majority-stake