News

Vietnam’s investment skyrockets

Political instability has done little to dampen Vietnam’s appetite for investment in Cambodia, the latest figures revealed yesterday by Prime Minister Hun Sen show. Last year, Vietnamese investment reached $302 million, up 250 per cent from $86 million in 2012, according to the prime minister, who ...

Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/vietnam%E2%80%99s-investment-skyrockets

Royal Group makes deal during PM’s official visit

A Royal Group subsidiary has signed a deal with two Vietnamese firms to import fertiliser, a senior official with the company said yesterday. Among several deals agreed to during Prime Minister Hun Sen’s trip to Vietnam this weekend, Nitrogen Chemicals and Fertilizer Cambodia Ltd, the subsidiary ...

Chan Muy Hong
http://www.phnompenhpost.com/business/royal-group-makes-deal-during-pm%E2%80%99s-official-visit

Answers demanded on dam site

A month after a company owned by tycoon Kith Meng was ordered to suspend logging the reservoir area of the controversial Lower Sesan II dam, the government yesterday threatened legal action against it if its orders aren’t followed. In a letter obtained by the Post yesterday, the Council ...

May Titthara
http://www.phnompenhpost.com/national/answers-demanded-dam-site

MobiTel Named in Leaked Australian Phone Tap Document

When one of Australia’s top intelligence agencies in 2009 presented staff with a slideshow detailing their attempts to intercept mobile telephone calls by Indonesia’s president, first lady and top officials, it also revealed other possible spying targets—including one of Cambodia’s largest mobile operators, MobiTel, according ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/mobitel-named-in-leaked-australian-phone-tap-documents-47672/

PAL vows to pursue Cambodia airline deal with local tycoon

Philippine Airlines continues to pursue talks to form a new Cambodian flag carrier with local telecommunications, banking and property tycoon Kith Meng despite missing a deadline to close the deal for a second time this week, its top executive said. PAL president Ramon S. Ang said ...

Business Inquirer Net News Staff
http://business.inquirer.net/148155/pal-vows-to-pursue-cambodia-airline-deal-with-local-tycoon

PAL expects Cambodia Air deal to push through

Flag carrier Philippine Airlines (PAL) expects no more delays in the completion of the deal with Royal Group of Cambodia (RCG) to form Cambodia Airlines Co. Ltd. ... Yes, it should be done,” said PAL President Ramon Ang in a text message, when asked if the ...

Lenie Lectura
http://www.abs-cbnnews.com/business/09/26/13/pal-expects-cambodia-air-deal-push-through

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

SMC to invest 1.5 billion dollars in Cambodia Airlines

Diversified conglomerate San Miguel Corp. (SMC) will invest $1.5 billion for its airline venture in Cambodia, its top executive said yesterday. Cambodia Airlines will have about 20 aircraft in its fleet and add as much as $400 million revenues per year to Philippine Airlines (PAL), said ...

http://www.abs-cbnnews.com/business/05/10/13/smc-invest-15-billion-dollars-cambodia-airlines

Cambodian, Phl conglomerate sign deal to establish new airline

Cambodia Airlines, a majority-owned Cambodian company, and San Miguel Corp., the Philippines' most diversified conglomerate, on Tuesday signed a joint venture agreement to set up a Cambodia-based airline - Cambodia Airlines - to service domestic and regional flights. The agreement was inked between Cambodian tycoon Kith ...

http://www.philstar.com/business/2013/04/02/926341/cambodian-phl-conglomerate-sign-deal-establish-new-airline

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