Investment

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

CIMB Bank announced over the weekend that it will enlarge mortgage loans provided to clients, going from 70 per cent last year to 80 per cent financing of the total purchase price of properties for 2013. Heng Thida, head of retail financial services for the Malaysia-based ...

After two years of assembling Hyundai vehicles in Cambodia for the domestic market, South Korea-based Hyundai Motor Company is increasing its production to meet rising demand, aiming to reach 800 units in 2013, a company’s representative said. Located in the Koh Kong Special Economic Zone, ...

Bilateral trade between Cambodia and the United States has amounted to 1.44 billion U.S. dollars in the first six months of the year, up 2 percent compared with 1.41 billion U.S. dollars over the same period last year, the figures of the U.S. Department of ...

Malaysian companies have been urged to venture into Cambodia’s agriculture sector especially in paddy planting and opening up rubber estates. In making the call, Raja Saiful Ridzuan, Deputy Chief of Mission at the Malaysian Embassy here, said Malaysian firms, with its vast expertise in agriculture sector, ...

About 4,000 angry workers crowded National Road 6 for about 10 minutes yesterday morning The striking employees of the Chinese-owned Juhui Footwear Co, Ltd, who walked out on Friday, took to the street and blocked traffic after officials from the Coalition of Cambodian Apparel Workers Democratic ...

Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region. According to a statement ...

More than 100 families living in Koh Kong’s Kiri Sakor and Botum Sakor districts are on the clock, with an official government decree demanding they vacate their land in less than two months or face the bulldozers of the Chinese firm slated to build a ...

More than 60 villagers from Kampong Cham province’s Stung Trang district staged a protest on Monday at Arak Tnort commune hall, demanding answers for a massive price hike that has accompanied the installation of electricity meters ahead of a planned switchover to state-provided power. Private company ...

Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...

Hyatt Hotels Corp has announced the opening of the first Park Hyatt in Southeast Asia in Siem Reap. The announcement Wednesday said the reopening of the former Hotel De La Paix in downtown Siem Reap followed a 14-month renovation by award-winning interior designer Bill Bensley. “We are ...

Newly-designated Ambassador of China to Cambodia Bu Jianguo on Thursday vowed to help further deepen all rounds of cooperation with Cambodia for the benefits [sic] of the two countries and peoples. Paying a courtesy call on Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong, Bu ...

A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...

Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...

Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is ...

NAZA World, which is setting up its NAZA Bikes 3S showroom in Phnom Penh, Cambodia, hopes to win an over 10 per cent market share in the country or 30,000 units, within the next three years. NAZA Group of Companies joint group executive chairman Datuk Wira ...

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

While Japanese investment is soaring in Cambodia, Japanese employers say there is a shortage of Japanese-speaking staff available to fill the demand. Kong Solina, assistant to the manager of the Service and Culture Department of the Cambodia-Japan Cooperation Center (CJCC), said the purpose of the ...

Japan-base Terra Motors said it plans to sell its smartphone-compatible electric scooter in Cambodia by the end of this year. The lithium-battery-powered A4000i, introduced last week in Tokyo, can be connected to an iPhone, delivering live data while driving. “We will start to sell this scooter ...

Bilateral trade between Cambodia and South Korea has reached 329 million U.S. dollars in the first five months of this year, up 12 percent over the same period last year, showed the latest figures from the Korea Trade- Investment Promotion Agency to Phnom Penh on ...

Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yad­aw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...