News
Gaming outfit reports loss
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 ...
http://www.phnompenhpost.com/business/gaming-outfit-reports-loss
Cambodia, Vietnam seen boosting medical tourism offerings
Cambodia and Vietnam are enhancing their medical tourism offerings, the International Medical Tourism Journal reported Friday. “In medical tourism, Southeast Asia is a key and fast advancing market. Cambodia and Vietnam now want a share of the action that Singapore, Thailand and Malaysia have,” the journal ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjgwOGQwMjBkMzA
Tropical storm wreaks havoc
A tropical storm that raked Vietnam for the past two days has affected five Cambodian provinces, with severe flooding and damage in three of them. Tropical storm Mangkhut descended on Northern Vietnam on Wednesday and yesterday, deluging the Mekong River and flooding areas of Banteay Meanchey, ...
http://www.phnompenhpost.com/national/tropical-storm-wreaks-havoc
Hyundai’s Cambodia plans
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, ...
http://www.phnompenhpost.com/business/hyundai%E2%80%99s-cambodia-plans
Cambodia organizes int'l industrial machinery, garment exhibition
The 3rd international industrial machinery and garment fair kicked off at Cambodian capital’s Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. A variety of industrial machinery for the production of textile and garment, footwear, plastics ...
http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm
Evacuations amid flooding
Hundereds of families have been evacuated from their homes in Banteay Meanchey province, with about 1,000 more refusing to leave, despite water that is chest-deep in some areas due to Mekong River flooding. The evacuation of more than 500 families began late last week, as heavy ...
http://www.phnompenhpost.com/national/evacuations-amid-flooding
FAO Predicts Rice Crop to Match Last Year’s
The U.N.’s Food and Agriculture Organization (FAO) predicts that Cambodia’s rice crop this year will equal but not exceed last year’s record yield. In its July rice market monitor report, issued quarterly, the FAO said that weather conditions meant this year’s rice crop would not reach ...
http://www.cambodiadaily.com/business/fao-predicts-rice-crop-to-match-last-years-38297/
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...
Three brokers arrested for human smuggling
Three brokers were arrested last Friday after allegedly attempting to illegally smuggle nine Cambodians, including an infant, across the Thai border. Lured with promises of employment in Thailand, the group was attempting to illegally cross the border on motos when they were stopped by police ...
http://www.phnompenhpost.com/national/three-brokers-arrested-human-smuggling
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Floods in Northwest as Hun Sen Issues Riverbank Collapse Warning
People living along the banks of the Mekong, Bassac and Tonle Sap rivers should exercise caution in the coming days, and be particularly aware of possible riverbank collapses as water levels are rising in Stung Treng province and elsewhere in the country, Prime Minister Hun ...
Mekong residents voice their concerns
Residents living in the Mekong River basin are expressing concerns over water degradation in the Mekong river and its impact on farming, aquaculture and the livelihood of the millions of people who live in the region. People from Cambodia, Thailand and Viet Nam’s Cuu Long (Mekong) ...
http://vietnamnews.vn/society/242941/mekong-residents-voice-their-concerns.html
Revenues up at mail service, but not locally
Revenue at the Cambodia Post (CP), the country’s mail service provider, rose nearly $2 million in the first half of this year, a 10 per cent increase compared to the same period in 2012. But the service still handles mostly international shipments, and is failing ...
http://www.phnompenhpost.com/business/revenues-mail-service-not-locally
Cambodian rubber earnings fall
Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...
http://www.phnompenhpost.com/business/cambodian-rubber-earnings-fall
Brokers arrested after terrified workers flee
Three brokers were arrested and sent to Koh Kong court yesterday, charged with trafficking 17 Cambodians to Thailand with the intention of sending them on to another country, officials and victims said. According to Soa Samnang, 46, he and 16 other villagers, the majority from Andong ...
http://www.phnompenhpost.com/national/brokers-arrested-after-terrified-workers-flee
Satellite system will save fuel and routes
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 ...
http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes
Cambodian, Thai Health Ministries Cooperate On Treatment Along Border
Thai and Cambodian hospitals will work together to improve medical access along the border particularly in treating common monsoon diseases like malaria, said Public Health Ministry’s inspector-general Dr. Thawatchai Kamoltham. Dr. Thawatchai said one aim of the collaboration is to reduce treatment and medical fees for ...
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=965368
Cambodia very lucrative for investors
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 ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc
Bavet border crossings up 6.2%
The number of foreigners arriving into Cambodia from its biggest border with Vietnam at the Bavet international crossing in Svay Rieng province increased 6.2 per cent in the first six months of this year compared with the same period in 2012. Data from the checkpoint show ...
http://www.phnompenhpost.com/business/bavet-border-crossings-62
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
GI benefits yet to be fully realised
While Kampot pepper and Kampong Speu palm sugar carry the brand-building Geographical Indication (GI) status, newcomers seeking the same tag continue to wait for funding to get their products off the ground. In 2010, Kampot pepper and Kampong Speu palm sugar were the first Cambodian goods ...
http://www.phnompenhpost.com/business/gi-benefits-yet-be-fully-realised
Asian garment industry to undergo further segmentation
The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...
http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Cambodia records 1.32 bln USD trade deficit in H1
Cambodia saw a trade deficit of 1.32 billion U.S. dollars in the first six months of this year, according to a Commerce Ministry’s report on Thursday. The country’s total imports and exports were valued at 7.62 billion U.S. dollars during the period, up 20 percent from ...
http://news.xinhuanet.com/english/business/2013-07/11/c_132533088.htm