NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Bale festival seeks to spark pastoral tourism
Driving on National Road 6 through recently harvested rice fields, six 10-meter-tall structures emerge like vortexes from the sparse terrain. Not far along is the commotion of a country fair: bale mazes, archery games, face painting, a ferris wheel and blaring Khmer pop music. Welcome to ...
Aria Danaparamita and Mech Dara
https://www.cambodiadaily.com/news/bale-festival-seeks-to-spark-pastoral-tourism-77574/
Hun Sen returns from fruitful week in China
Prime Minster Hun Sen arrived back in Phnom Penh on Sunday after a weeklong visit to China for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...
Phorn Bopha and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-returns-from-fruitful-week-in-china-59560/
After human drain from Sihanoukville, casinos follow suit
Sihanoukville is set to lose yet another casino as Century Entertainment International Holdings, formerly known as Amax International Holdings Limited, will relocate its gaming floor from Sihanoukville to the up and coming tourist spot of Dara Sakor in Koh Kong province. ...
Jason Boken
https://www.khmertimeskh.com/50770745/after-human-drain-from-sihanoukville-casinos-follow-suit/
Hun Sen vows to live past 93
Responding to rumours swirling on social media that he had suffered a massive stroke and died, Prime Minister Hun Sen proved to be very much alive during an animated speech in Kampot province yesterday. Addressing a crowd in Chhuok district, the 63-year-old premier assured listeners that ...
Vong Sokheng
http://www.phnompenhpost.com/national/hun-sen-vows-live-past-93
Inditex, H&M agree to pay more for clothes from Cambodia
Fashion brands, including Europe’s biggest clothing retailer Inditex SA (ITX) and Hennes & Mauritz AB (HMB), said they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages. The chains are among eight clothing retailers that include Next Plc (NXT) and Primark that have ...
Gabi Thesing
http://www.bloomberg.com/news/2014-09-19/inditex-h-m-agree-to-pay-more-for-clothes-from-cambodia.html
Telco regulator launched
The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing conflicts among mobile ...
Kids encouraged to read ahead of National Reading Day
Minister of Education, Youth and Sport (MoEYS) Hang Chuon Naron on Monday urged parents to bring their kids to participate in reading events, read more at home rather than playing games as the National Reading Day approaches. ...
Meas Molika
https://kiripost.com/stories/cambodia-kids-encouraged-to-read-ahead-of-national-reading-day
Advertising industry in Cambodia grows
As Cambodia’s economy continues to grow, advertising in the country has developed to keep pace. But the industry still faces challenges, insiders say. According to Media Adex data by Indochina Research, which monitors advertising spending for TV and print (but not radio) $105.4 million was ...
Naga aircraft set to take flight
Nagacorp, owner of Cambodia’s largest casino, NagaWorld, is on track to begin flying in high-rollers from China on a fleet of its own commercial aircraft, according to the company’s latest earnings statement and government officials. In a filing to the Hong Kong Stock Exchange on Friday, ...
Eddie Morton
http://www.phnompenhpost.com/business/naga-aircraft-set-take-flight
Amru celebrates 10th anniversary
Over the last decade since the government established a rice promotion policy in 2010, locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd has become one of the game changers in driving milled-rice exports and transforming the Kingdom into a key rice exporter in ...
May Kunmakara
https://www.phnompenhpost.com/business/amru-celebrates-10th-anniversary
Regional free trade deals ‘key to Cambodian and ASEAN success’
Foreign investors and independent credit evaluators are echoing confidence in Cambodia in light of the series of free trade agreements (FTAs) both completed and being pursued by the Kingdom’s government. According to the ASEAN Briefing (AB), such FTAs could see the region become the world’s ...
Tom Starkey
https://www.khmertimeskh.com/50809206/regional-free-trade-deals-key-to-cambodian-and-asean-success/
Rights groups wary of ban on internet cafés
Rights workers cautioned yesterday that a sweeping ban on internet cafés near schools was little more than a thinly veiled act of censorship. Issued last month by the Ministry of Post and Telecommunications, the circular says all internet cafés within 500 metres of a school must ...
http://www.phnompenhpost.com/National/rights-groups-wary-of-ban-on-internet-cafes.html
Naga casino to buy aircrafts to fly Chinese gamblers to Phnom Penh
Cambodian casino operator, Hong Kong-listed NagaCorp, is trying to reach deals in order to fly gamblers from Macau and mainland China to its gaming resort in Phnom Penh, according to media reports. Hong Kong media quoted NagaCorp chief financial officer, Philip Lee Wai Tuck, as ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=Yjk2MWM1NWYyYjY
Chong villagers put festive spin on dam protest
Villagers from an ethnic minority community in Koh Kong province’s Areng Valley continued their blockade over the Khmer New Year holiday of an access road leading to the site of a proposed dam they say would destroy their way of life. Members of the ethnic ...
Khuon Narim
http://www.cambodiadaily.com/news/chong-villagers-put-festive-spin-on-dam-protest-56708/
Pursat Ford assembly plant opens
The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash ...
May Kunmakara
https://www.phnompenhpost.com/business/pursat-ford-assembly-plant-opens
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/
Indonesian Ambassador-Designate committed to strengthening ties
While waiting to present his credential to the King Norodom Sihamoni to officialise his appointment, the new ambassador-designate of Indonesia to Cambodia told Khmer Times, in an exclusive and first-ever interview since his arrival, that he is determined to transform Cambodia-Indonesian bilateral relations into one ...
Taing Rinith
https://www.khmertimeskh.com/501370950/indonesian-ambassador-designate-committed-to-strengthening-ties/
Sar Kheng calls for public support for peace, polls
Minister of Interior Sar Kheng called on the people to play their role in maintaining national peace and stability ahead of several major historical events that Cambodia is preparing to host, such as the Southeast Asian (SEA) Games this May. ...
Samban Chandara
https://www.phnompenhpost.com/national/sar-kheng-calls-public-support-peace-polls
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...