News

Cambodia's Angkor Wat earns 30 mln USD per annum from ticket sales

Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...

http://www.asean-china-center.org/english/2013-07/08/c_132522594.htm

China currency deals surge

As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...

http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html

ASICS Compensates Killed Workers’ Families

Japanese sports brand ASICS has agreed to pay compensation to the families of victims who died in a factory collapse in May, a brand representative said. ASICS Corporation managing executive officer Ron Pietersen, who arrived in Phnom Penh on Friday, said the company profoundly regretted the ...

http://www.cambodiadaily.com/news/asics-compensates-killed-workers-families-33793/

$1M Damage as Blaze Guts Siem Reap Market

A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...

http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/

Malaysian bank eyes the affluent

A new Malaysian player in Cambodia’s expanding banking sector aims to capture the “emerging affluent” with its mobile and online services. Malaysian-based Hong Leong Bank will begin operating in Phnom Penh today, with a branch on Street 214. Joe Farrugia, CEO of Hong Leong Bank Cambodia, ...

http://www.phnompenhpost.com/2013070866710/Business/malaysian-bank-eyes-the-affluent.html

Toyota to Open Second Phnom Penh Outlet

Japanese automobile giant Toyota is set to increase its presence in Cambodia with a second sales showroom, according to a company manager. The move follows fellow Japanese automaker Mazda, which opened a new showroom in May. According to a report from newswire Bloomberg, Toyota executive vice president ...

http://www.cambodiadaily.com/business/toyota-to-open-second-phnom-penh-outlet-33328/

Demand for Gold Rises as World Price Falls

Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...

http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/

Aeon Insurance eyes Cambodia

Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...

http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.html

Factory’s owner in crosshairs

Some 400 garment workers yesterday gathered outside the Ministry of Social Affairs to plead for government intervention against a factory owner who fled without paying them overdue wages three months ago. Khem Chamnan, a Free Trade Union representative from the Pine Great (Cambodia) factory in Phnom ...

http://www.phnompenhpost.com/2013070266604/National/factory-s-owner-in-crosshairs.html

Cambodia wants better ties with Pakistan in economics, trade, tourism: PM

Cambodian Prime Minister Hun Sen on Monday expressed his desire to see better relations with Pakistan, particularly in economics, trade and tourism. He said the two countries signed an agreement on the investment protection and promotion in April 2004 during the visit of former Prime ...

http://news.xinhuanet.com/english/world/2013-07/01/c_132501129.htm

Unlike Past Elections, Property Investors Remain Buoyant

Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...

http://www.cambodiadaily.com/elections/unlike-past-elections-property-investors-remain-buoyant-32542/

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