News

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

Airports operator looks to expand

While Cambodia Airports, of which France-based Vinci Group is major stakeholder, sees tourist numbers taking off, eviction issues are gnawing at the company’s image. Emmanuel Menanteau, chief executive of Cambodia Airports, talked to the Post’s Sarah Thust about the expansion plans. How many tourist arrivals do ...

http://www.phnompenhpost.com/2013053165965/CEO-Talk/airports-operator-looks-to-expand.html

Koh Rong airport plans foggy

Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...

http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html

Naga Corp Reports 23 Percent Profit Growth

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

China plans to invest $5 billion to develop sea port, eco-tourism, and airport in Cambodia

PHNOM PENH: Chinese Union Group and the government of Cambodia plan to ink MoU of construction of mega-development projects in Koh Kong province, southern part of Cambodia. Environment minister Mok Mareth made the announcement upon arrival from China, where he attended APEC meeting in Tainjin on ...

http://thesoutheastasiaweekly.com/?p=5119

Vinci sees more airport opportunities

French construction and concessions group Vinci expects to see considerably more opportunities to acquire airport concessions in the next two years, its chief executive said on Thursday Vinci’s concessions unit, the operator of nine regional airports in France and Cambodia’s three main airports, is keen on ...

http://www.reuters.com/article/2012/09/20/vinci-acquisitions-idUSL5E8KK43020120920

Villagers Fight Evictions Near Int'l Airport

More than 250 families ordered to leave their homes next to Phnom Penh International Airport to make way for expansion plans yesterday with City Hall to fight the eviction. The 256 families living in three villages in Pur Senchey district’s Choam Chao commune are demanding compensation ...

Airport dwellers displaced from ‘anarchic’ houses

Nearly 100 families who live in three villages in Por Sen Chey district’s Choam Chao commune near the Phnom Penh International Airport have been told by district authorities they have seven days to relocate and will be given no compensation. However, the residents are refusing ...

http://www.phnompenhpost.com/index.php/2012072757659/National-news/airport-dwellers-displaced-from-anarchic-houses.html

Dara Airport Hotel lands at Ratana Plaza

A new hotel serving the Phnom Penh International Airport opened on July 1 at Ratana Plaza on the left off Russian Boulevard just before Hanoi Road on the way to the airport from central Phnom Penh. The Dara Airport Hotel has 155 rooms with a fifth-floor ...

http://www.phnompenhpost.com/index.php/2012071757451/Business/dara-airport-hotel-lands-at-ratana-plaza.html

Developer Plans Housing On Former Airport Site

The Overseas Cambodia Investment Corporation (OCIC) is planning to develop a 400-unit apartment complex on the former site of the Ratanakkiri provincial airport, an official with knowledge of the project said yesterday. Ly Teang, Banlung City branch manager for Canadia Bank, whore investors are the ...

Siem Reap’s US$1bn airport delayed

No ground was broken in May on the New Siem Reap International Airport (NSRIA), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIA Co Ltd, an equal joint ...

http://www.phnompenhpost.com/index.php/2012060656613/Business/siem-reaps-us1bn-airport-delayed.html

Appeal Begins in Cambodia-Related Fraud Case

An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...

Stung Treng looks to revamp jungle airport

Officials in the northeastern province of Stung Treng hope future travellers will trade their bus seats for plane tickets. No fuctional airport exists in the province, but local officials are demarcating, and looking to revamp, a landing strip that was installed when Cambodia was a protectorate ...

http://www.phnompenhpost.com/index.php/2012051556158/Business/stung-treng-looks-to-revamp-jungle-airport.html

Villagers in Land Dispute Ask Hu Jintao’s Help

In an effort to stop their homes from being swallowed up by a Chinese mega-tourism project, Koh Kong villagers said they will submit a petition to the Chinese Embassy today, calling for intervention from visiting Chinese President Hu Jintao. Villager representative Tith Ten, 54, from Kiri ...

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