News
New research facility for infectious diseases in Asia unveiled in Cambodia
France’s Institut Pasteur du Cambodge on Tuesday inaugurated a new facility here for a regional research platform in Asia, focusing its research on infectious diseases in the region. Cambodian Health Minister Mam Bunheng, Vincent Deubel, director of the Institut Pasteur du Cambodge, and French Nobel Prize ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2014-03/11/c_133177317.htm
Hong Kong's Pacnet expands to Cambodia, Laos and Myanmar
Hong Kong technology company Pacnet says it’s expanding its virtual private network (VPN) services to Cambodia, Laos and Myanmar. In a statement released Wednesday, the company said the expansion involved global internet protocol VPN services based on multi-protocol label switching (MPLS). ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTg3YWUwNmRhYWJ
Letting it ride: NagaCorp lifts lid on large-scale expansion
NagaCorp recently announced it would invest $369 million in its latest project opposite the Buddhist Institute. The Hong Kong-listed casino operator’s latest Phnom Penh venture, Naga2,will include a casino, a hotel and a conference hall. The announcement of the investment by NagaCorp, Cambodia’s biggest casino operator, was ...
Siv Meng
http://www.phnompenhpost.com/real-estate/letting-it-ride-nagacorp-lifts-lid-large-scale-expansion
Strike justified, suppression not, experts say
Garment workers’ calls for a $160 minimum wage are justified and should be honored, a new report by an international team of academics and labor experts has found. The authors—including a team from the University of London’s School of Oriental and African Studies, South Korean and ...
Lauren Crothers
http://www.cambodiadaily.com/news/strike-justified-suppression-not-experts-say-53255/
Cambodia's trade with China's Hong Kong up 19 pct last year
Trade between Cambodia and China’s Hong Kong increased by 19 percent in 2013, thanks to good ties between China and Cambodia, Raymond Yip, assistant executive director of the Hong Kong Trade Development Council, said here Friday. The total trade value between Cambodia and Hong Kong amounted ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/21/c_133134205.htm
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
Cambodia's rice export to reach 1 mln tons in 2015: commerce minister
Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/21/c_133062965.htm
Hong Kong delegates talk Cambodian rice
Thirty-four delegates from the Rice Merchants’ Association of Hong Kong made their first visit to Cambodia on Wednesday to explore more opportunities in the local milled rice sector. David Van, deputy secretary general of the Alliance of Rice Producers and Exporters of Cambodia, said the point ...
Chan Muy Hong
http://www.phnompenhpost.com/business/hong-kong-delegates-talk-cambodian-rice
Cambodia's trade with China's Hong Kong up 19 pct in 9 months
Trade between Cambodia and China’s Hong Kong Special Administrative Region has seen a 19- percent growth in the first nine months of the year thanks to robust bilateral trade ties, Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council, said here Wednesday. ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/28/c_132926075.htm
Cambodian jasmine rice wins world’s best
Cambodian Jasmine rice wins the award for world’s best rice at the 2013 Rice Traders World Rice Conference held in Hong Kong. This is the second time that Cambodian rice had been awarded world’s best rice, the first award came last year in Bali, Indonesia. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YmE1ZGZiNjczNDM
Koh Russey Resort to exhibit in Hong Kong
Cambodia’s Koh Russey Resort development project is aiming to attract large foreign investment by exhibiting in Hong Kong. The resort will showcase its properties and facilities at an exhibition from November 29 until December 1, according to the real estate company CBRE. Expert staff of all departments ...
Moeun Nhean
http://www.phnompenhpost.com/real-estate/koh-russey-resort-exhibit-hong-kong
Don’t bet on elections
The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/don%E2%80%99t-bet-elections
Bank will offer loans to farmers
Chief Cambodia Specialized Bank, a subsidiary of a Hong Kong-based brokerage firm, will begin operations in Cambodia next month, its management said on Monday. Sokun Chakriya, head of marketing and sales at Chief Cambodia, said the bank aims to increase access to finance in Cambodia’s agricultural ...
Hor Kimsay
http://www.phnompenhpost.com/business/bank-will-offer-loans-farmers
Cambodians traveling abroad increased by 11.9 percent
There were 509,050 Cambodians traveling abroad in the first seven months of 2013, an increase of 11.9 percent compared to the 455,017 travelers over the same period last year, according to a report by the Ministry of Tourism. Most of them visited Thailand, Vietnam, Singapore, Malaysia ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODJhOTBlZDgxNWU
‘Landmark’ $100 million project gets under way
Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district. Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. “One of Hongkong Land’s ...
Hin Pisei
http://www.phnompenhpost.com/business/%E2%80%98landmark%E2%80%99-100-million-project-gets-under-way
Cambodian casinos may be at risk
As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries. Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/cambodian-casinos-may-be-risk
Court Questions Cambodian, Chinese Businessmen Over Fraud
The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...
http://www.cambodiadaily.com/news/court-questions-cambodian-chinese-businessmen-over-fraud-40923/
The scramble to Siem Reap
As Cambodia’s busy tourism season approaches, domestic and regional airlines are scrambling to offer Siem Reap routes in a bid to capitalise on the growing number of visitors to the Angkor Wat gateway. In the past several months, players have entered the fray at a ...
Chamber wants new tax laws
The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ...
http://www.phnompenhpost.com/business/chamber-wants-new-tax-laws
Revenues Down at Pailin’s Dreamworld Casino
U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...
http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/
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 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
Dragonair to fly to Siem Reap
Joining a growing number of airlines connecting to Angkor Wat’s gateway, Dragonair will fly between Hong Kong and Siem Reap in October. The Hong Kong-based subsidiary of Cathay Pacific said in a statement last week that it will start the seasonal service on October 29 and ...
http://www.phnompenhpost.com/business/dragonair-fly-siem-reap
Goods traffic through Phnom Penh port up 29 pct
Cargo shipments moving in and out of the Phnom Penh Autonomous Port (PPAP) increased 29 per cent in the first six months of this year when compared to the same period in 2012, according to official data. The figures show that imported and exported goods amounted ...